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HBR On Strategy

Defining a Growth Strategy in Uncertain Times

Jul 12, 2023
12:25

Podcast summary created with Snipd AI

Quick takeaways

  • Shift from past-based planning to discovery-driven growth in uncertain environments.
  • Importance of recognizing and disengaging from unsuccessful initiatives to foster growth culture.

Deep dives

Discovery-Driven Growth Approach by Rita McGrath

Rita McGrath discusses the concept of discovery-driven growth, emphasizing the shift from traditional business planning reliant on past experience to a learning-oriented approach. In uncertain environments like new markets, focusing on assumptions and planning to learn, rather than planning to be right, is crucial. This methodology is not solely for innovation but applicable to any business facing significant uncertainty.

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