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Rita McGrath

Author. Speaker. Consultant.

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innovation

July 7, 2023

Frustrated with a culture that isn’t innovative? You’re probably missing a key management practice.

Leading strategic growth and change doesn’t need to be a mystery! If only we taught people the skills necessary for three key leadership roles, it could be a lot more systematic and corporate transformation efforts… Read more »

Filed Under: Articles, Business Start Ups / Entrepreneurship, Business Strategy, Innovation, Insights and ideas, Leadership, Thought Sparks

June 27, 2023

What We Should Learn From the Tragic Failure of the Titan

My last “Thought Spark” was published before the dreadful implosion of the Titan submersible. Then, I was talking about intelligent failures. This time around, let’s focus on what my colleague Amy Edmondson would call a… Read more »

Filed Under: Articles, Business Start Ups / Entrepreneurship, Business Strategy, Innovation, Insights and ideas, Leadership, Thought Sparks

June 20, 2023

Are you squandering your intelligent failures?

Just back from an amazing week spent with thinkers, do-ers and executives considering culture at Novartis. Amy Edmondson, my dear friend, was there and both of us remain stunned that people are still confused about… Read more »

Filed Under: Articles, Business Start Ups / Entrepreneurship, Business Strategy, Innovation, Insights and ideas, Leadership, Thought Sparks

June 13, 2023

NPV doesn’t work for risky, high-potential projects. Here’s a better approach.

This article was co-authored with Claus Hirzmann of Strategic Finance “Never test the depth of the river with both feet.” Ironically, this is the very behavior that plagues many of the innovations that ended up in… Read more »

Filed Under: Articles, Business Start Ups / Entrepreneurship, Business Strategy, Innovation, Insights and ideas, Leadership, Thought Sparks

April 18, 2023

Why uncertainty is your friend if you’re looking for big returns

It’s tempting to invest in areas that promise certain returns for a given investment. Unfortunately, by the time an opportunity has become so well understood that anyone could pursue it, it is well on the… Read more »

Filed Under: Discovery Driven Planning, Thought Sparks, Valize

February 21, 2023

Rewriting the employment contract, courtesy of COVID

As we begin to slowly emerge from the pandemic, some of the contours of what post-pandemic life will be like are starting to come into focus. As employees leave their old roles in droves and… Read more »

Filed Under: Careers, Opportunities, Seeing Around Corners, Thought Sparks

November 8, 2022

We had the Jetsons in 1962 – and autonomous driving is still out of reach

Gradually, then suddenly.  That’s the line that I borrowed from Ernest Hemingway to describe the progress of strategic inflection points.  They brew along for a long time – sometimes decades – before finally breaking through…. Read more »

Filed Under: Innovation, Insights and ideas, Thought Sparks

November 1, 2022

What does Ford’s decision to drop Argo AI Mean for autonomous driving?

Big flashy billion-dollar investments. Leaders optimistically pronouncing totally unrealistic launch dates. Geeky engineers becoming the darlings of the moment. Yes, the story of Ford’s foray into autonomous cars has it all! The autonomous driving bubble… Read more »

Filed Under: Business Strategy, Innovation, Innovation Flops, Insights and ideas

October 25, 2022

Simultaneous discovery – or the sincerest form of flattery? Board Committee research

Two topics here – how to get Boards focused on science and technology for the long term, and how good ideas can get … um … discovered? Image Source The difference a special Board committee… Read more »

Filed Under: Business Strategy, Discovery Driven Planning, Growth, Growth Options / Real Options, Leadership, Seeing Around Corners

October 11, 2022

When The Mothership Doesn’t Want It

You would think that after funding and supporting people to develop innovative new ideas, that the parent corporation would want to take advantage of launching them.  Nope. Markets are full of concepts that didn’t fit… Read more »

Filed Under: Growth, Innovation, Leadership, Seeing Around Corners, Thought Sparks

October 4, 2022

Taking a discovery driven approach to internal projects

The first step of discovery driven planning lies in specifying what success looks like. For for-profit projects, this usually takes the form of a level of growth or enhanced profitability.  But there are many kinds… Read more »

Filed Under: Discovery Driven Planning, Growth, Growth Options / Real Options, Opportunities, Seeing Around Corners, Thought Sparks

September 6, 2022

Think everybody has a positive view of creativity? Think again!

Of course, we believe that creativity is a universally great thing – thinking otherwise is like dismissing hope or truth! In his conversational, approachable book, New York Times Pulitzer Prize winning author Matt Richtel takes… Read more »

Filed Under: Business Strategy, Careers, Complexity, Friday Fireside Chat, Growth, Individuals, Leadership, Thought Sparks

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