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Rita McGrath

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Archives for 2021

September 28, 2021

The Principles of Learning from Prototypes: 5 Lessons

Prototypes are a great way to get customer feedback about elements of your proposed innovation before you have to invest a ton of resources in them.  But there is a bit of science to how… Read more »

Filed Under: Business Start Ups / Entrepreneurship, Discovery Driven Planning, Growth

September 21, 2021

How a Growth Gap can Sneak Up On You

This article was co-developed with Alex van Putten, Partner at Cameron and Associates, and draws from our 2017 article “How to Set More Realistic Growth Targets.” It’s always easy to project rosy growth goals that… Read more »

Filed Under: Business Start Ups / Entrepreneurship, Business Strategy, Growth Options / Real Options, Innovation, Seeing Around Corners

September 14, 2021

Digital transformation, the discovery-driven way

Talking about digital transformation has a way of freaking people out. They then do the exact wrong thing, which is to throw money and effort at anyone who can promise that – Poof! – digital… Read more »

Filed Under: Business Start Ups / Entrepreneurship, Digital, Discovery Driven Planning, Innovation

September 7, 2021

How Not to Blow Your First Marketing Campaign: 3 Factors

Most new product launches fail. One big, and unnecessary reason is focusing too much on the product or service offering and not focusing enough on how the thing will be brought to market. New! New!… Read more »

Filed Under: Business Start Ups / Entrepreneurship, Business Strategy, Discovery Driven Planning

September 1, 2021

Thought Sparks Wrap Up – August 2021

Dear colleagues, Welcome to the monthly newsletter, with a wrap-up of my weekly Thought Sparks and some things to watch out for in September.  If you’d like to  get the weekly Thought Sparks delivered right… Read more »

Filed Under: Articles, Business Strategy, Innovation Flops, Insights and ideas, Leadership, Thought Sparks

August 31, 2021

Discovering Perfectly Predictable Mistakes – Before You Make Them

There are no failures in Thoughtland – that mystical place where great ideas for new products and services are first born. But if you want to travel to the real world, you’ll need a different… Read more »

Filed Under: Business Start Ups / Entrepreneurship, Discovery Driven Planning, Innovation

August 24, 2021

The Discipline that Turns Vision into Reality

In the heady days of coming up with what you think is a breakthrough idea, it’s easy to get carried away by assumptions. Forcing yourself to create a deliverables specification can create powerful discipline. Entrepreneurs… Read more »

Filed Under: Business Start Ups / Entrepreneurship, Business Strategy, Discovery Driven Planning, Growth Options / Real Options, Innovation, Seeing Around Corners, Tools, Uncategorized

August 17, 2021

We need to talk about five mechanisms to avoid future catastrophe.

Humans are surprisingly adaptive creatures – many of the changes wrought by the pandemic would have been unthinkable in an earlier era.  And yet, we’re also remarkably blind to changes happening right under our noses. … Read more »

Filed Under: Articles, Business Strategy, Seeing Around Corners, Strategy Dynamics, Transient Advantage

August 10, 2021

You asked, We Answered: Questions on Innovation

Drop in on the Q&A portion of a recent innovation conference, sponsored by my colleagues at Visagio. I gave the keynote speech about Seeing Around Corners and the criticality of innovation. Here is an excerpt… Read more »

Filed Under: Business Strategy, Innovation, Innovation Maturity Scale, Uncategorized

August 3, 2021

Inflection Points Shift Key Metrics – Are You Paying Attention?

A potentially game-changing inflection point shows up when the key metrics underlying your business have the potential to change on a 10X scale.  Here’s where to look to see if that is happening. As I… Read more »

Filed Under: Business Strategy, Tools

July 28, 2021

Thought Sparks Wrap Up – July 2021

Dear Colleagues, Welcome to the monthly wrap-up of my weekly Thought Sparks newsletters. A no-nonsense guide to measuring innovation mastery (July 6, 2021) What is it like to work in an organization that has attained… Read more »

Filed Under: Articles, Business Strategy, Innovation Flops, Insights and ideas, Leadership, Thought Sparks

July 27, 2021

Key Ingredients of a Killer Prototype

We often think of prototyping as something only a gifted designer or developer can do. But there are lots of examples in the real world of how ordinary people can pull it off.  If you… Read more »

Filed Under: Checkpoints, Customer insight, Discovery Driven Planning, Innovation

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