Today my guest is Rita McGrath. She is a best-selling author, sought-after speaker, and a longtime professor at Columbia Business School. She is widely recognized as a premier expert on strategy, innovation, entrepreneurship and growth during times of uncertainty.
Rita has received the #1 achievement award for strategy from the prestigious Thinkers50 and has been consistently named one of the world's Top 10 management thinkers in its bi-annual ranking. As a consultant to CEOs, her work has had a lasting impact on the strategy and growth programs of Fortune 500 companies worldwide.
Rita is a highly sought-after speaker at exclusive corporate events around the globe, such as the Global Peter Drucker Forum. She is also the author of several books, including the best-selling The End of Competitive Advantage (Harvard Business Review Press, 2013). Her new book is Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen (Houghton Mifflin Harcourt, 2019). She has written three other books, including Discovery Driven Growth, cited by Clayton Christensen as creating one of the most important management ideas ever developed.
She received her PhD from the Wharton School (University of Pennsylvania) and has degrees with honors from Barnard College and the Columbia School of International and Public Affairs.
Here are some of key items that you will learn in this podcast episode:
How did Walmart innovate in response to a resistant culture?
Some practical ideas about How to See Around Corners
Learn about the Red Box strategy that Adobe used
What is Rita's Superpower?
Personal inflection points and how to personally manage being an Innovation Leader
How retail will rebound, i.e. the story of Showfields.
What Rita means by Snow melts from the edge, and the imperative for leaders.
How innovation proficiency defangs an organization's anti-bodies
Books written by Rita McGrath:
- Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen, by Rita McGrath. (Houghton Mifflin Harcourt, 2019)
- The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business (Harvard Business Review Press, 2013)
- Discovery-Driven Growth: A Breakthrough Process to Reduce Risk and Seize Opportunity by Rita McGrath. (Harvard Business School Publishing, 2009)
- Marketbusters: 40 Strategic Moves That Drive Exceptional Business Growth by Rita McGrath. (Harvard Business School Publishing, 2009)
- The Entrepreneurial Mindset: Strategies for Continuously Creating Opportunity in an Age of Uncertainty (President and Fellows of Harvard College, 2000.)
- Why Do So Many Incompetent Men Become Leaders?: (And How to Fix It), by Tomas Chamorro-Premuzic. (Harvard Business Review Press, 2019)
- The Right It: Why So Many Ideas Fail and How to Make Sure Yours Succeed, by Alberto Savoia. (HarperOne, 2019)
- Amy C. Edmondson is an American scholar of leadership, teaming, and organizational learning who studies psychological safety in organizations and teams. Click on the link to see more from Wikipedia.
- acqui-hire: According to Wikipedia, acquihire is the process of acquiring a company primarily to recruit its employees, rather than its products or services. Click on the term for more details.
- The Chief Strategy Officer Playbook: How to Transform Strategies Into Great Results, Thinkers50 Books. You can download this as a pdf for free.
Today I have an amazing guest. His name is Dr. Jeff Karp and he is a Professor of Medicine at Brigham and Women's Hospital in Boston. He is also a Principal Faculty member at the Harvard Stem Cell Institute, and an affiliate faculty member at the Broad Institute and at the Harvard-MIT Division of Health Sciences and Technology.
I'm just getting warmed up, wait until you hear the rest of his background. This is a real special guy.
He works in the fields of drug delivery, medical devices, stem cell therapeutics, and tissue adhesives. He has published over 125 peer-reviewed papers, with more than 18,500 citations, and has given over 300 invited lectures. He has over 100 issued or pending national and international patents.
Several technologies developed in his lab have led to multiple products currently being funded, and he's launched seven companies that have raised over $300 million in funding. These technologies include high-tech skincare, tissue adhesives and 3D-printed biomedical devices, immunomodulation with biologically responsive materials. We talked about small molecule regenerative therapeutics with an initial target of hearing loss and other aging therapies; as well as stem cells, cannabinoid therapeutics, biomedical devices to improve child safety, needles that automatically stop when they reach their target, and a bio-engineered luminal coating for controlled GI targeting.
Dr. Karp has received over 50 awards and honors. He has been recognized by Boston Magazine as One of 11 Boston Doctors Making Medical Breakthroughs'; The Boston Business Journal as a Champion in Healthcare Innovation' and by MIT's Technology Review Magazine (TR35) as being one of the Top Innovators In The World - with three members from his laboratory also receiving this award.
I spent a lot of time talking to Jeff about how he builds his teams and how he empowers them to take on these projects. What he's done is - he's bridged academia and entrepreneurship and, that's no small feat! I was interested to know - with the co-founding of six companies, how does he get research out into the world to really impact lives?
We also talked about mentor development. One of the biggest things that he targets is finding - and building mentors. He is always actively meeting people and he talks about this and why the power of meeting new people every 2 weeks. Another thing we talk about is reducing problems to their essence'. What I love is when I hear scientists talk about how they really place a lot of focus on this radical simplicity' and the art and discipline of reducing problems to their essence so they can solve problems in the useful, practical solutions to real-world problems.
This is a really, really fun interview with a world-impact leader in medicine. And bringing cutting edge therapies to market with a team. A team of people really dedicated to changing the world.
So, with this, I want to welcome you to my great conversation with Dr. Jeff Karp.
Here are some Key Concepts from the Podcast:
Simplicity - Why is it so powerful?
Environment & Culture – How do you create productive impact for elements of culture - within and beyond your team?
Finding and Developing Mentors -
Academics to Entrepreneurship – How do you translate academic discoveries into entrepreneurship and develop new companies and quickly turn that into products for patients?
Ways to connect with Jeff Karp:
Resources Discussed in this Interview:
TEDMED Talk - Insight Outside: Harnessing Nature’s Secrets, February 19, 2015. Jeff Karp, bioengineer and Associate Professor at Brigham and Women’s Hospital, Harvard Medical School, illuminates the art and science of developing medical tools, treatments, and technologies from solutions found in nature.
This episode is sponsored by the CIO Innovation Forum, dedicated to Business Digital Leaders who want to be a part of 20% of the planet and help their businesses win with innovation and transformation.
I hope you enjoyed this interview with Jeff Karp.
You can go to the show notes to get more information about this interview and what we discussed in this episode. You’ll find the show notes at redzonetech.net/podcasts.
If you are interested in learning more about my company, RedZone Technologies, and our security expertise - in particular related to Cloud and Email Security Kill Chain Strategy, Techniques and Tactics you can email email@example.com.
Until next time. I’m signing off. Thank you and have a great day!
Music provided by Ben’s Sound: http://www.bensound.com/
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About Bill Murphy
Bill Murphy is a world renowned IT Security Expert dedicated to your success as an IT business leader.