BusinessBooksWorthFindingtheTimetoRead

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Discovery-Driven Growth was mentioned in New York Times' You're the Boss -- The Art of Running a Small Business comments: "Of the books I read this year, I think McGrath/MacMillan's Discovery-Driven Growth would top my list for small businesses. It discusses processes to get more value out of your innovation efforts." JM Caddell

  • Posted: Tuesday, December 22, 2009

TributetoRussAckoff

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Erin Murphy in her own tribute to Russ Ackoff, "acclaimed systems thinker," referred to Rita McGrath's tribute Remembering Russ Ackoff at the Harvard Business Review.

  • Posted: Tuesday, December 22, 2009

RitaMcGrathspoketoInternationalSocietyofProfessionalInnovationManagement

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On December 7, 2009, Rita McGrath appeared at the invitation of the ISPIM at their New York City meeting. Jack Hipple reporting on the meeting on his blog, wrote: "Dr. Rita Gunther McGrath from the Harvard Business School [sic] discussed Growth in Uncertain Times. She made a very interesting presentation on thinking ahead in starting up a new business--asking the important questions first and looking at upward integration for value, which is not a new concept for those familiar with this line of evolution in TRIZ thinking. She illustrated this point vividly with the example of Build-A-Bear, a toy store company (and also on line now) in which a shopper chooses a "basic" bear and then outfits it with whatever clothes, ribbons, etc. that wants, in the store." To read more about Rita McGrath's presentation, other speakers, and the ISPIM, click here.

  • Posted: Tuesday, December 22, 2009

WhyVerticalIntegrationisMakingaComeback

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Rita McGrath's December 2 Harvard Business Review Why Vertical Integration is Making a Comeback was mentioned at Blogging Innovation by Stefan Lindegaard in his post "You Must Innovate Across Silos to Succeed."

  • Posted: Monday, December 21, 2009

InformationManagementonWSJArticleLearningfromCorporateFlops

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At the Information Management blog, author Steve Miller comments on the Wall Street Journal article in which Rita McGrath and Ian MacMillan were interviewed about discovery-driven growth.

"I like the concept of discovery-driven planning a lot. It seems a reasonable compromise between pure planning and searching, combining the 'theory-building' strengths of traditional strategic planning with the continuous review and show-me intelligence of directed searching. In a way, it's akin to the Bayesian model of learning: Start with the assumptions and hypotheses -- the priors and likelihood functions, respectively. Adapt those beliefs as new information is gathered, reacting to the strength of evidence. The evolving beliefs or posteriors are derived from the priors and the likelihood functions, providing for a continuous cycle of learn as you go, where the priors for the next iteration are posteriors from the last."

To read the entire post, click here.

  • Posted: Monday, December 14, 2009
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