As I often say in class, information that we use to make decisions falls into three categories: 1) Lagging indicators: Often highly accurate and precise, but give us data only about the past; 2) Current… Read more »
Thought Sparks
Second order effects of sub prime about to land on insurance
Apparently “the insurance industry is bracing for an increase in arson among homeowners who see setting the house afire and collecting the insurance payment as an alternative to foreclosure”. This according to the January 21… Read more »
Rita McGrath’s Letter to the Editor of Financial Times: “The Upside to Business Schools”
Professor Rita McGrath’s letter to the editor responding to comments by Michael Skapinker was published in the January 14, 2008 edition. An excerpt: “Good scholarly understanding of business can add tremendous value to executives by… Read more »
Private Equity players having to actually run businesses – Comment 2.0
Last summer, I thought it hilarious that the CEO’s of private equity firms were being marveled over – that they actually had to run their companies to create value rather than simply engaging in financial… Read more »
The field of management enslaved by theory?
Don Hambrick, one of the management field’s leading academics comments on the way the field relies on theory in a recent Business Week: Viewpoint January 13, 2008, 4:06PM EST The Theory Fetish: Too Much of… Read more »
Rita McGrath Quoted in the Financial Times on the Relevance of Business Schools
Rita McGrath was recently cited in the Financial Times for her work on how management academics might have more impact on management practice. She is quoted as saying “Most of what we publish isn’t even… Read more »
Prediction is hard, especially about the future – guru department
How wrong can a guru be? Every so often, I run across some confident—but wrong statement regarding the state of something or other, and just this afternoon (while hunting for something else) ran across one… Read more »
Discovery Driven Planning alive and well and living on Wikipedia
Well, it’s been said that you can find out a lot about just about anything on Wikipedia (although you should always double-check what you’ve found!). It was gratifying therefore to see that Discovery Driven Planning… Read more »
Industrial Research Institute cites Entrepreneurial Mindset
In an article by Graham R. Mitchell entitled Instill the Entrepreneurial Mindset, Mitchell refers extensively to Rita McGrath and Ian MacMillan’s publication Entrepreneurial Mindset.. For more information about the Industrial Research Institute, click here.
Professor Clay Christensen endorses DDP in January 2008 HBR, “Innovation Killers”
Discovery-driven planning. Happily, though, there are alternative systems specifically designed to support intelligent investments in future growth. One such process, which Rita Gunther McGrath and Ian MacMillan call “discovery driven planning,” has the potential to… Read more »
What Can You Do with a Liberal Arts Degree? Rita McGrath answers for WISTV, Columbia, SC
In an article entitled What Can You Do with a Liberal Arts Degree? Plenty!, Rita McGrath is quoted, “Employers are starting to value some of the skills a liberal arts degree teaches, including clear writing… Read more »
When you get results – the right time to celebrate
Doesn’t it drive you crazy when people hold big celebrations for nothing more than starting a big strategic move? Like the champagne that flows when M&A deals are announced, or the party accompanying a project… Read more »