How to Grow and Avoid Disruption in 2014 with Rita McGrath
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Transcript of How to Grow and Avoid Disruption in 2014 with Rita McGrath
Are you at risk for disruption?
“The first challenge for leaders is to be willing to be open to the idea that your advantage might not last.”
- Rita McGrath
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The Warning Signs • I don’t buy my own company’s products or services • We are investing at the same levels or even more and
not getting margins or growth in return • Customers are finding cheaper or simpler solutions to be
“good enough” • Competition is emerging from places we didn’t expect • Customers are no longer excited with what we have to
offer • We are not considered a top place to work by the
people we would like to hire • Some of our very best people are leaving • The growth trajectory has slowed or reversed
www.blionline.org/rita
www.blionline.org/rita
Take the test and add up your score
Source: Rita McGrath, End of Competitive
Advantage
www.blionline.org/rita
How do you measure up?
Score Band Diagnosis Action Implication
14-28 Danger! Extreme exploitation orientation
Urgent issue for senior team; major risk of being disrupted
19-42 Exploitation bias At risk of being trapped; urgently review business health
43-56 Most common; Pockets of agility but fighting with established businesses
Innovation and disengagement need to be strengthened and made systematic; senior team needs to get involved
57-70 Moving faster, getting into a rhythm
Support those working in new way; focus on resource allocation
71+ Learning to compete with transient advantage
Remain watchful! Rita wants to meet you.
What would Rita do?
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So, the size of your enterprise, the scale, your access to capital–all those things that gave you an edge to new entrants, no longer exists. That’s all extremely scary because that means that your job is no longer about managing the present but
inventing the future…all the time.” - Nilofer Merchant
http://blogs.wsj.com/moneybeat/2013/12/30/how-to-handle-digital-disruption-in-2014/
From Paraminder Bahra in WSJ: How to handle digital disruption in 2014
Now what: The New Strategy Playbook
• Continuous Reconfiguration • Healthy Disengagement • Deft Resource Allocation • Innovation Proficiency • Discovery Driven Mindset • Entrepreneurial Career Management
Join us on January 30th 9:00 am – 12:30pm (EST) Live at the BWI Airport Hilton, MD and virtual via webcast
And create your 2014 Playbook with Rita McGrath www.blionline.org/rita
If there is a conversation about the future of the profession, you're bound to hear Hood's name mentioned as one of the people leading the way. – Accounting Today
Tom Hood, CPA, CITP, CGMA
" Named the Second Most Influential in Accounting
by Accounting Today Magazine 2013 " Top 150 Influencer by Linked-In " Top 25 Influencers in Learning & HR by HR
Examiner " Top 25 Public Accounting Thought Leaders by
CPA Practice Adviser " Working on Learning Management with AICPA/
CPA2Biz, Cloud Curriculum, Performance Management /XBRL, Leadership & Generations
CEO Maryland Association of CPAs (MACPA) www.macpa.org Business Learning Institute (BLI) www.blionline.org
http://www.linkedin.com/in/tomhood/