Join Rita's Mailing List!

Blog

IDEO’s Colin Raney on the ‘large market fallacy’

This week, I’m here with a fantastic group of participants in Columbia’s Leading Strategic Growth and Change program, which I direct.  This morning’s presentation featured Colin Raney and Joe Gerber from design consultancy IDEO .  We had a great morning.  Colin and Joe described how IDEO works on design problems and how they use Discovery Driven Planning to model business designs just as they traditionally have modeled product designs.  Then,... read more »

Filed in:

Business Value of a Temporary Advantage - Video describing the BareBones NPV

My esteemed colleague, Mac, is featured describing the application of the “BareBones” NPV tool in this video. We’re working on uploading a new version of the software.  read more »

Filed in: ,

Event Alert - MacMillan talks about Discovery Driven Growth

Esteemed colleague and co-author MacMillan will be giving a talk in Philadelphia on Nov. 18.  Check out the details here.. read more »

Filed in: ,

Business Education and many other links to very cool blogs

A colleague was kind enough to send me the link to a blog web site which itself has terrific links for people interested in business.  In addition to the blogs I post on, such as Harvard Business Online and Columbia’s Public Offering it also has links of interest to some of us with specialty concerns – women in business for instance.  Highly worth checking out and bookmarking for those business... read more »

Filed in:

Does business ignore Business Schools?

In his blog The Art of Management, Dr. David M. Atkinson, discusses the issues, his thoughts, and refers to Rita McGrath’s January 14th letter “The Upside to Business Schools,” written in response to a column by Michael Skapinker in the Financial Times. To read the entire blog, click here. read more »

Filed in:

“Learning From Corporate Flops”—Rita McGrath featured in Wall Street Journal

The Business Insight section of the Wall Street Journal features an interview of Rita McGrath by MIT Sloan Management Review’s editor Martha E. Mangelsdorf on Monday, October 26th. Entitled Learning from Corporate Flops the WSJ notes that “Rita Gunther McGrath, an associate professor at Columbia Business School, has studied corporate new ventures extensively. In the process, Dr. McGrath concluded that many traditional tools for corporate planning, while useful in relatively... read more »

Filed in:

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 that were made virtually industry-wide as the Internet evolved: 1) the decisions that content should be 'free'; and 2) the decision to sell Internet access on a flat-fee for unlimited access basis. As a recent... read more »

Filed in: , ,

Customer experience innovation - description of a talk that I sometimes give

Sad, but true: Most companies have potentially disastrous blind spots with regard to truly understanding their customers' experiences with their products and services. This session introduces a simple, intuitive tool – the customer consumption chain – to help companies visualize the activities customers go through to address their own needs, some of which might involve making a purchase. When the chain breaks down, is unsatisfying, or is less convenient than... read more »

Filed in: , ,

Why smart projects so often go wrong - SAP and Business ByDesign

In class, I’ve been using German software giant SAP’s foray into Software as a Service as a ‘living case’ example of a company venturing into highly unknown territory.  Without knowing more than what is available in the public domain, participants usually conclude from the analysis that the software maker’s ambitions for the project are highly ambitious, if not impractical. Just today, then I ran across a most interesting blog on... read more »

Filed in:

Create a Special Unit to Drive Growth

Rita McGrath’s blog at HarvardBusiness.org has been reprinted by Business Week. As the economy shows some signs of shrugging off its doldrums, growth is back on the agenda. After cutting costs for a year or more while repeating the mantra “do more with less, “should companies be looking to special groups to jump-start growth?” Corporate venture groups, incubator “greenhouses,” and other units dedicated to identifying and incubating growth opportunities have... read more »

Filed in:

NYT Small Business quotes Rita McGrath re health care reform bill

“Consultant Rita McGrath, discussing a theoretical mandate with a threshold of 25 employees, imagines ‘thousands of businesses employing exactly 24.5 people, all interconnectedly doing business with one another rather than falling foul of the over-25 employee stricture.’ ” For the complete article, click here. read more »

Filed in:

Flexibility is at a premium when things are highly uncertain

Recently, CK Prahalad wrote a very thought-provoking article that emphasizes how much value getting fixed costs and expensive assets to a minimum when things are highly volatile.  Recommended reading! read more »

Filed in:

Watch Rita McGrath Explain Achieving Growth

Economics can explain a lot. When looking at the sea change impacting every industry, and fitness and wellness is not immune, just follow the money for answers regarding what the future will bring. “It couldn’t be more straightforward,” said Randall Rothenberg, CEO of the Internet Advertising Bureau. “Today the average 20 year old can create a global TV network with tools built into a laptop. So from an Econ 101... read more »

Filed in:

Mastering Strategy—What the Experts Say

In the October edition of the Columbia Executive Education newsletter Connected, Rita McGrath notes “Companies devolve to planning with no time for strategy…They don’t apply the same rigor to their strategy process as they do for their planning process.” Rita McGrath will be leading the program Creating and Executing Breakthrough Strategy, November 15-20, 2009. Professor McGrath’s program builds on strategic learning concepts, but focuses specifically on the challenges of driving... read more »

Filed in:

Before we depend on the cloud, maybe it better be more like the airlines

I’m just back from an amazing conference – the Microsoft Global Chief Information Officer Summit in Seattle.  Which, since I’m based on the East Coast, involved a rather long couple of flights.  Now, today, nobody has very much nice to say about airlines, but I’ve always found it remarkable that even amidst the stresses facing the industry, we takes its safety for granted.  Gripe, gripe, gripe, yes, but we’re willing... read more »

Filed in: