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Posts By Rita McGrath

Observations on educational institutions

Two books which challenge the current way educational institutions organize themselves are now out, and they are both a fascinating read.  Rakesh Khurana’s book From Higher Aims to Hired Hands traces the evolution and development of business schools and observes that they have more or less abandoned the professionalization of managers as a goal.  He questions the long run viability of the current model.  The other fascinating read is by... read more »

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Master Class by Rita McGrath featured in Recruiter Magazine in the UK

October 4, 2007 Recently, I gave a talk at the CIPD Annual Conference, which is the UK’s leading association for Human Resource Professionals. The talk involved how HR can become a leading force in helping companies to become more entrepreneurial, and seems to have inspired a fair amount of interest. Check it out at: Recruiter Magazine read more »

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Of curtains and cup holders

Today I was teaching in Columbia Business School’s “Emerging Leader Development Program,” which as the name suggests is an executive education program focused on developing the leadership skills of younger, high-potential managers.  We were chatting about the interesting fact that the lowly cup-holder, introduced into the States by Honda in 1988, has by now become what I call a ‘non negotiable’ attribute in cars designed for the American market.  One... read more »

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Opportunity Idea:  A financial product that would help those crippled by credit card debt

People that owe a lot of money on credit card balances would just love to have a lower-interest loan that would help them get that monkey off their backs.  WIth some people getting hit by interest rates as high as 30% or more, surely there is a profitable space for conventional financial institutions to help them.  Now, of course, some people are just addicted to credit.  But there are a... read more »

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Do you think banks process transactions first-come-first served?  Think again.  Opportunity!

In yesterday’s USA Today a columnist noted that banks have taken to the practice of clearing transactions from the highest to the lowest dollar amount, rather than in the order they arrive for processing (USA Today, Tuesday, September 25, 2007 page 3B).  The purpose?  According to the banks, it’s to make sure that big bills such as mortgages, get paid in a timely way.  A second-order consequence, should an account... read more »

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My co-author, Ian C. MacMillan, cited for his social enterprise efforts

September 26, 2007The Philadelphia Daily News printed a great story about my colleague, Ian C. MacMillan who is doing very creative work using entrepreneurship to address social problems in Africa. To see the whole article, click here: read more »

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If you want to be more productive, stop multi-tasking

I hear it (and see it) all the time – executives who are supposed to be studying, discussing or working together tuning in and out as they engage in the so-called blackberry prayer, or trying to simultaneously deal with email while supposedly on a conference call.  My protests, notwithstanding, they will often argue that such multi-tasking allows them to accomplish more in less time.  Turns out that recent research supports... read more »

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