Prof. Rita McGrath | PhD, Professor, Columbia Business School; Author
- Rita is the Professor at Columbia Business School.
- She is the Founder of Valize.
Podcast
Overview
In the intricate tapestry of business, the threads of strategy and ethical leadership intertwine to shape the very fabric of an organisation’s success. In this episode, we delve into the profound nuances of strategy and ethical leadership with Professor Rita McGrath. With a career trajectory that shifted from public service to the corridors of academia, Professor McGrath brings a unique blend of experience, knowledge, and a discerning eye for the intricacies that define effective leadership. Join us as we navigate the complexities of strategic decision-making, embracing the challenges and opportunities presented by ethical considerations.
[00:36] – About Prof. Rita McGrath
- Rita is the Professor at Columbia Business School.
- She is the Founder of Valize.
- She is a bestselling author. Her most recent book is titled, “Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen.”
- Professor Rita is a well-known speaker and strategic advisor.
[02:51] – How do you define strategy in today’s dynamic business environment?
- Strategy is a shared view within an organisation of how to achieve objectives.
- It involves making choices under conditions of resource scarcity and competition, focusing on the “how” rather than just the desired outcome.
[09:09] – How do the large companies manage their strategy when they are confronted with a young disruptive startup?
- Large companies often acquire or outcompete smaller startups rather than facing direct competition.
- Additionally, the valuation metrics for startups often reflect option value rather than immediate profitability, making it a different game than traditional business valuation.
[17:12] – How do you define inflection points in business and why are they crucial for leaders to understand them?
- Inflection points are the shifts in the external environment that create a 10x change in what’s possible.
- Understanding these points is crucial for leaders because they can either propel a business to new heights if recognized and acted upon or lead to decline if ignored.
RESOURCES:
Learn more about Prof. Rita McGrath: LinkedIn
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Profile
- Rita is the Professor at Columbia Business School.
- She is the Founder of Valize.
- She is a bestselling author. Her most recent book is titled, “Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen.”
- Professor Rita is a well-known speaker and strategic advisor.
