Achievements & Publications Rita Gunther McGrat-Free-Samples

Question: Discuss about the biography of renowned strategic management scholar of America, Rita Gunther McGrath. Answer: Introduction: The case study report is prepared on the contributor named Rita Gunther McGrath who is a recognized expert on formulation of growth strategies and innovation by creating emphasis on corporate entrepreneurship. Rita McGrath is a strategic management scholar of America and teaches management at the Business school of Columbia [i]. She is highly valued for her rare ability connects business problems and research. It involves discussion on concepts and ideas presented by her that would help in influencing attitude, behavior and perception of people in their personal and professional lives. Ideas and concepts presented by Rita McGrath are evaluated in terms of likes and dislikes. The concepts and ideas of scholar are evaluated in terms of its contribution towards volatile changing environment. Discussion: List of major achievements and publications: Rita Gunther McGrath is an innovation, growth and strategy expert who is recognized globally. Senior executives and chief executive officer of organization are able to chart a pathway due to her innovative ideas and work in a rapidly volatile and changing environment. The four books published by McGrath are The End of Competitive Advantage, Discovery Driven Growth, Market busters and The Entrepreneurial Mindset. In year 2016, she has received an award at the Veinna Strategy Forum for Theory to Practice. Global management award Thinkers50 consistently recognizes Rita as one of the top ten management thinkers [ii]. In strategy category, Rita has received an award for her outstanding achievement. At the corporate events such as the World economic forum meeting in Davos, Innosight CEO Summit and Yale CEO Summit, she is a highly sought after speaker. For the recognition of the contribution of her impact on the field, she has also been inducted into the society of strategic management. Rit a is often cited in press such as Washington Post, New York Times, Wall Street times, NPR and Financial times marketplace and is a regular contributor to the journal of Wall Street [iii]. Some of the achievements of Rita MacGrath are listed below: Global management award thinker50 has awarded her with distinguished achievement award. Voted as one of the most influential international thinkers by HR magazines. Rita has been elected of fellow of International academy of management and Strategic management society. General business book and strategy business management has listed the book The End of Competitive Advantage as number one book [iv]. Fast company magazine has ranked her as one of the top twenty-five smartest women to follow on Twitter [v]. LDRLB has ranked Rita as one of the top professor of business school to be followed on twitter. Huffington Post has ranked Rita as one of the top hundred people to be followed on twitter. Reviewing of philosophical arguments presented by Rita McGrath: McGrath has proposed her thinking about decision-making models of traditional management in a different way in terms of revenues and cost. Her view regarding decision making in any aspect of business is that business is required to build up the income statements for supporting the costs while determining revenue requirements. In her book discovery driven growth, she presented the fact that new venture requires a different set of control and planning tools unlike ongoing and conventional business requirement. She created a plan for new venture and managers relying on such developed methods will be able to navigate the uncertainties of growth ventures confidently. Several factors determine the success of new venture such as change, politics and resistance to handle [vi]. Organizations having worst performing units are held back forever if they do not have the commitment and courage to gracefully handle disengagement. A major gap between real works and strategy of traditional approaches have unearthed due to dramatic change in business. McGrath that in light of rapidly changing business environment argues it, that business are required to go beyond the sustainable competitive advantage concept. The core argument presented in the most recent book The end of competitive advantage is that neither strategy practice nor theory has kept pace with the realities of barrier free and boundary less markets [vii]. It is required by organization to foster a new path of winning that will incorporate fast capturing of opportunities and decisively exploiting them and moving on before they are exhausted. Such path can be attained by basing new set of practices on transient competitive advantage notion. In her Market busters book that is an indispensible guide to realize profitable and sustainable growth, argues that the key to explore growth opportunities lies in the strategic moves of organization. The approach of market busters will help organization in up spending conventional competition and dramatically reconfiguring industrial profit streams. Market spaces of organization can be successfully transformed by the appointing market busting moves. In one of her newsletters about the media and entertainment business have upended their traditional competitive advantage due to major shift such as content rules, rise of fans, distracted and impatient users [viii]. This has enabled organizations to explore the insights of such change along with the opportunities it will bring to such business. Organizations innovating successfulness at scale is rare and a survey from McKinsey study reported than only 6% of companies were satisfied with their innovation efforts and others were not well acquainted with such efforts. The factors that are essential for sabotaging growth efforts on part of organization are the process of incubation, ideation and acceleration. In light of this particular topic, McGrath develops a diagnostic tool for assessing the innovation maturity scale of organization and where they stand currently and accordingly developing a roadmap for helping them to make improvement [ix]. It will help organizations in crating right incentives to promote innovation, structuring the process of innovation governance, three distinct roles of leadership that are essential for driving innovation and developing ways that would avoid interference of conventional business metrics with the process of innovation [x]. Such session of Rita McGrath will help organizations in creating common language for undertaking innovation. Evaluation of likes and dislikes about concepts and ideas being advocated: The talks of Rita are designed in such a way that it helps in energizing and aspiring participants to see the changes as opportunities instead as problems. Consultation of Rita McGrath with the running workshops, facilitated retreats and leading organization of world assists senior executives of organization in gaining a fresh perspective on current issues faced by organization. Ability of Rita to challenge assumptions of executives is highly valued and she helps in provoking fresh thinking. Workshops facilitated by Rita on several aspects of corporate entrepreneurships left participants with some learning outcomes having valuable frameworks and insights [xi]. It is perceived by the participants that work of McGrath is both valuable and relevant for helping companies operating in continuously evolving environment to innovate and anticipate. Her practical consulting experience when blended with deep understating of strategy helps in addressing growth factors of organization across ran ge of industries. McGrath knowledge about accelerating effectiveness of team using full industrial examples are valuable and palpable. Participants liked and acknowledged such knowledge, they take away several creative ideas along with them, and they incorporated into an upcoming corporate team building. The crucial role of innovative sherpas is pointed to the participants by contributing strongly to the executive program of companies [xii]. Now a day, leadership has forgotten their capability to develop a truly mature innovation and the contribution of Rita to the executive programs has helped in opening eyes of participants about their capability to develop mature innovation. All such take away of session helped executives in making sense of their own organization and leadership roles and their implications on the upcoming actions. The approach of discovering growth options for organization by McGrath are flexible, invaluable and pragmatic to the enterprises and fellows. Rita McGrath works extensively with leadership teams of 1000 global companies who seek to drive their growth by development of capability. Requirement of organizations to capture the opportunities for breaking through growth is provided by her thesis in the established organizations. Innovative ideas of McGrath are used throughout the world on widely basis by leading organizations [xiii]. Sometimes, her thinking is described as provocative but it is unfailingly stimulating. Audiences are encouraged for setting broad themes and embrace a new playbook for strategy that will encourage them to put forward their new ideas. Reflecting how concepts and ideas influence attitude and behavior in personal and professional life: The key note speeches of Rita is described as highlights for setting the foundation of discussion and her talks are customized according to specific interest of audiences that leaves attendees with actionable insights. Her discussion on topic such as learning to live with complexity helps attendees by providing them knowledge of differently managing complexities. It helps in them in creating difference between complications complexities and their management using methods such as learning from possible futures and making investment in resilience. Learning from such session will help people in changing their attitudes towards handling of complications in professional and personal lives. The concept of adaptive leadership requires leaders to be increasingly driven by discovery [xiv]. It is indicated that their mindset should be adaptive to new information and it is required to conduct a very frank discussion on reality and be very blunt. This particular concept of McGrath would leaders to open their minds to new information and apply the same in real life concepts. Moreover, works of McGrath can help students in breaking the complex ideas in several real life contexts. She has presented a method when outcomes are uncertain for structuring the phenomena that could be used for structuring disruptive innovation. Facts and innovative concepts presented by McGrath comes with huge implications for individual that helps in structuring their careers as well as jobs along with helping to work as person and employers. People and senior executives of organization are entrusted to incorporate the elements of always be changing. It will help them in continuously reconfiguring of the tasks performed in spite of indulging in huge change that involves downsizing and massive restructuring. People are able to improve their engagement capability and overcoming disengagement factors using their learned ability to stop ventures and activities that are not relevant. Transient advantage concept by Rita McGrath generates knowledge to people on professional front by teaching them to learn ways for undertaking strategic initiatives and accordingly exploiting and building transient advantage [xv]. Moreover, assumptions used by corporate performance will be rethought by the executives in a way that helps in promotin g consistent growth of company. Leaders are able to inculcate their abilities of radically changing the key metrics that can be a powerful engine for growth. Management personnel and executives of organization can become proactive if they are able to acknowledge the learning derived from several sessions and aligning the same with developmental objectives of business. People are able to manage their disengagement in a more effective way by using the framework that helps them in categorizing their capability into different dimensions such as value, future and event of decline [xvi]. The generation of capability of people to innovate provides a fresh perspective to organizations and providing sensible options and solutions to any particular problems faced in an organization. Conclusion: The above case study depicts information on the biography of strategic management scholar of America. She has received many awards for her achievements and has contributed in inculcation of innovative spirit among entrepreneurs. Her ability of present expertise with authenticity and warmth attracts equally powerful professional and audiences and satisfying networking created. Moreover, workings of McGrath are both valuable, relevant and help in generating valuable insights to the participants and audiences. Knowledge imparted by Rita has helped in bridging the gap between practice and theory and accordingly helps in strengthening competitive strategy of business. It has been ascertained from the secondary research sources that the ideas and concepts of Rita McGrath is useful to people on their professional and personal fronts. Learning outcomes generated from events and sessions on various topics would assist executives in generating the leadership skills and qualitative characterist ics for dealing with dynamic changes in the business environment. Bibliography: Day RD. Leading and managing people in the dynamic organization. Psychology Press; 2014 Apr 4. Hawkins D, Fryling T. Redefining transformation. 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