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Discovery-driven growth: a breakthrough process to reduce risk and seize opportunity

By: McGrath, Rita Gunther.
Contributor(s): MacMillan, Ian C.
Publisher: Boston Harvard Business Press 2009Description: vi, 249 p.ISBN: 9781591396857.Subject(s): Corporations - Growth - Management | Organizational effectiveness | Strategic planningDDC classification: 658.4063 Summary: YouHve been charged with growing your business. Incremental growth can no longer deliver the results you need. You need truly dynamic growth - and you need to achieve it without risking a hugely expensive gamble. How can you encourage innovative new ventures and pursue ambitious growth while minimizing risk? In Discovery-Driven Growth, authors McGrath and MacMillan show how companies can plan and pursue an aggressive growth agenda with confidence. By carefully framing their strategic growth opportunities, testing each project assumption against a series of checkpoints, and creating a culture that acts on evidence and learning instead of blind stumbling, companies can better control their costs, minimize surprises, and know when to disengage from questionable projects before itHs too late. Providing tools that will help you select and better assess the potential of any strategic venture, from new product lines to entirely new businesses, the authors outline a comprehensive process that lets you identify, manage, and leverage your companyHs full portfolio of opportunities. By reducing up-front costs and eliminating unnecessary risks, youHll be able to avoid missteps and explore more options to create the breakthrough growth that your business requires. Rita Gunther McGrath is Associate Professor of Management at Columbia Business School. Ian C. MacMillan is the Dhirubhai Ambani Professor of Entrepreneurship and Innovation at the University of PennsylvaniaHs Wharton School. They are coauthors of MarketBusters and The Entrepreneurial Mindset. Source: http://press.harvardbusiness.org/books
List(s) this item appears in: Infosys-Naraynan Murthy and Reliance-Dhirubhai Ambani
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YouHve been charged with growing your business. Incremental growth can no longer deliver the results you need. You need truly dynamic growth - and you need to achieve it without risking a hugely expensive gamble. How can you encourage innovative new ventures and pursue ambitious growth while minimizing risk? In Discovery-Driven Growth, authors McGrath and MacMillan show how companies can plan and pursue an aggressive growth agenda with confidence. By carefully framing their strategic growth opportunities, testing each project assumption against a series of checkpoints, and creating a culture that acts on evidence and learning instead of blind stumbling, companies can better control their costs, minimize surprises, and know when to disengage from questionable projects before itHs too late. Providing tools that will help you select and better assess the potential of any strategic venture, from new product lines to entirely new businesses, the authors outline a comprehensive process that lets you identify, manage, and leverage your companyHs full portfolio of opportunities. By reducing up-front costs and eliminating unnecessary risks, youHll be able to avoid missteps and explore more options to create the breakthrough growth that your business requires. Rita Gunther McGrath is Associate Professor of Management at Columbia Business School. Ian C. MacMillan is the Dhirubhai Ambani Professor of Entrepreneurship and Innovation at the University of PennsylvaniaHs Wharton School. They are coauthors of MarketBusters and The Entrepreneurial Mindset. Source: http://press.harvardbusiness.org/books

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