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Rita McGrath

Author. Speaker. Consultant.

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Business Start Ups / Entrepreneurship

October 24, 2009

How decisions made under uncertainty can cast a long shadow - Internet Pricing

The reality of having to make decisions under uncertainty is that quite often, you'll get things wrong. Unfortunately, sometimes those wrong things have very long and path-dependent consequences. I'm thinking in particular of two decisions… Read more »

Filed Under: Business Start Ups / Entrepreneurship, Business Strategy, Innovation

July 22, 2009

Taxes, the structure of incentives, and why I’m worried about the plan for health reform funding

When I was a Ph.D. student studying entrepreneurship, one of the most influential articles I read was by economist William J. Baumol.  Entitled “Entrepreneurship: Productive, Unproductive and Destructive”, it basically suggested that a nation gets… Read more »

Filed Under: Business Start Ups / Entrepreneurship, Innovation

July 19, 2009

Guerrilla strategies - 2009 version

Many fans of our work together have heard my colleague Ian MacMillan talk about an entrepreneurial business he was involved with in his younger years as a perfect example of a ‘guerrilla’ strategy.  Guerrilla strategies… Read more »

Filed Under: Business Start Ups / Entrepreneurship

June 17, 2008

Entrepreneurial wanna-be’s:  More resources

I wrote not too long ago about the resources available to aspiring entrepreneurs, including SCORE, the SBDC’s of most major universities and other entities dedicated to helping people start and grow successful businesses. Kelly Spors,… Read more »

Filed Under: Business Start Ups / Entrepreneurship

February 6, 2008

Discovery Driven Planning makes the intuitions of entrepreneurs explicit

Browsing through this month’s edition of Inc. magazine, I came across a column by Norm Brodsky on the advice he gave to a young entrepreneur.  The guy’s business concept was interesting.  He imports dirt from… Read more »

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

January 30, 2008

The Despair of Entrepreneurship Professors are perennially popular but doomed business ideas

One of the most dreaded aspects of being an entrepreneurship professor are the hundreds of times that students will come up with the same – bad – business concept when tasked with building businesses of… Read more »

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

December 20, 2007

Business Development Resources for New Entrepreneurs

As a sometime professor of entrepreneurship, I'm frequently approached by would-be entrepreneurs for help in fleshing out their business plans. While I enjoy doing this, it could very easily become a full-time job! I've therefore… Read more »

Filed Under: Business School, Business Start Ups / Entrepreneurship

December 20, 2007

Columbia Faculty on “What is the Entrepreneurial Mindset”

Entrepreneurship is one of those terms that’s a bit like the old saw about art or pornography – “I can’t define it, but I know it when I see it”.  If you want to bring… Read more »

Filed Under: Business School, Business Start Ups / Entrepreneurship

October 15, 2007

Venture Capitalists may not be so good at stopping failing projects after all

My colleague, Isin Guler, has just published a fascinating study in one of our more erudite management journals.  In an exhaustive look at investments made by venture capital companies, she finds that as funding rounds… Read more »

Filed Under: Business Start Ups / Entrepreneurship

February 27, 2007

Entrepreneurial Japan - that’s news!

In the February, 2007, Harvard Business Review, there is a wonderful short piece on Entrepreneurial Japan. It notes how many trends — the end of guaranteed lifetime employment, changing governance structures, the changing social attitude… Read more »

Filed Under: Business Start Ups / Entrepreneurship

February 27, 2007

Entrepreneurial Japan – that’s news!

In the February, 2007, Harvard Business Review, there is a wonderful short piece on Entrepreneurial Japan. It notes how many trends — the end of guaranteed lifetime employment, changing governance structures, the changing social attitude… Read more »

Filed Under: Business Start Ups / Entrepreneurship

July 18, 2006

Preparing for Startup

Rita was recently asked how people can best prepare themselves for an entrepreneurial career later on in life. Here are her suggestions: There are three things that you can do to position yourself to start… Read more »

Filed Under: Business Start Ups / Entrepreneurship

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