Thought Sparks

In this week’s Thought Sparks Podcast episode, Rita McGrath, a Columbia University Business School Professor, C-Suite strategist, business founder and best-selling author, speaks with Lori Rosenkopf, Vice Dean of Entrepreneurship at the Wharton School of the University of Pennsylvania, and author of “Unstoppable Entrepreneurs: 7 Paths for Unleashing Successful Startups and Creating Value through Innovation”. Their conversation covers how to succeed and persist as an entrepreneur and what it takes to bring innovation to fruition, including case studies from Madison Reed, Nokia, and Square. Key Takeaways: (Add description and time codes)0:00 Meet Lori Rosenkopf: Author of Unstoppable Entrepreneurs 00:59 Columbia to Wharton: Two Scholars' Parallel Journeys 3:31 The Six R's That Make Entrepreneurs Truly Unstoppable 4:12 Passionate vs. Pragmatic Entrepreneurs: Two Different Paths to Success 6:55 Recombination: Why Most Successful Innovations Are 90% Familiar, 10% New 8:20 "Unstoppable" vs. "Resilient" – The Psychology Behind Entrepreneurial Persistence 10:29 Madison Reed: Disrupting the Hair Color Industry 13:38 The Bootstrapper's Advantage: Why 80% of Enterprises Avoid Outside Funding 15:36 The Shocking Truth: Only 0.5% of Businesses Take Venture Funding 19:23 Intrapreneurship: How Jackie Reese Built a Bank Inside Square 22:06 The Innovation Arms Race: How Entrepreneurs Drive Corporate Change 23:21 Nokia's Surprising Pivot: Life Beyond Consumer Phones 24:52 From Bell Labs to Co-Working Space: The Evolution of Corporate Innovation 26:28 GenHERation: How COVID Transformed a Bus Tour Into a Thriving EdTech Platform 28:48 Beyond Profit: The Cultural Value Entrepreneurs Create for Society 32:49 Technology Commercialization: Bringing Life-Changing Ideas to Market 35:41 Harlem Capital: Transforming VC Funding for Underrepresented Entrepreneurs 38:31 Search Funds: The Little-Known Path to Business Ownership 40:24 From Funeral Homes to Tech: Unexpected Acquisition Opportunities 43:46 The Real Age of Successful Founders: Why Most Entrepreneurs Aren’t 22-Year-Olds 44:48 Inside Wharton’s VentureLab: Building the Next Generation of Entrepreneurs 49:43 AI’s Impact on Jobs: Why Entrepreneurial Thinking Is More Important Than Ever 53:47 How Top Entrepreneurs Navigate Innovation: Risk Is Not an R 54:47 The Madison Reed COVID Pivot: From 12 Stores to 100+ Through Contrarian Thinking 56:09 The Next Chapter: Promoting Unstoppable Entrepreneurs and Its Message 57:52 Breaking Free: Why Entrepreneurship Can Be More Stable Than Corporate Life Thought Sparks are the brainchild of Rita McGrath. They are insightful actions, strategic ideas, actionable suggestions and innovative approaches that help organizations and leaders master the future with less fear and more confidence. New episodes of the Thought Sparks Podcast are released every other Tuesday at 11am Eastern. Want to learn more about Rita’s ideas and hear more of her conversations with business leaders and innovators? Listen to more Thought Sparks Podcast episodes on Apple Podcasts  and Spotify.Watch Thought Sparks episodes on YouTubeFollow Rita on LinkedIn, Instagram, X and Blue Sky.Connect with Rita on TikTokSign up for her Thought Sparks Newsletter on Substack. Learn more about Rita, her books and ideas at RitaMcGrath.com

In this week’s Thought Sparks Podcast episode, Rita McGrath, a Columbia University Business School Professor, C-Suite strategist, business founder and best-selling author, speaks with Garry Ridge, the former CEO of WD-40, and author of “Any Dumb-Ass Can Do It: Learning Moments from an Everyday CEO of a Multi-Billion-Dollar Company”. They share lessons from Garry’s 25-year tenure at WD-40 on how leaders can foster a supportive, positive workplace, and create cultures of belonging. Key Takeaways: 00:00 Meet Garry Ridge: WD-40 Chairman Emeritus & "Dean of Dumbassery"01:19 Business as a Force for Good: Creating Cultures Where People Go Home Happy02:29 “Smart Alec” the Doll: Identifying Soul-Sucking Leadership Behaviors03:19 The Tribal Concept: Why "Belonging" Is the Foundation of Great Organizations06:56 The Maniac Pledge: Eliminating the Finger-Pointing Disease in Organizations11:26 "I Hate the Word Manager": Why Coaching Beats Management Every Time13:53 Learning Moments vs. Failures: Building Psychological Safety in Your Team18:13 WD-40's Origin Story: How 39 Failed Attempts Led to a Global Brand19:59 Beyond Squeaks: Why Your Product Isn't Your Purpose22:32 Values as Decision-Making Tools: How Hierarchical Values Empower Employees24:41 The $4 Million Decision: How Values Protected WD-40 from a Toxic Opportunity30:36 Market Research in China: How Curiosity Transformed a Failed Product Launch33:41 "Don't Understand? Get Curious!": How to Identify Your Customers' Real Needs36:09 From CEO to "Refirement": Planning Your Leadership Exit with Purpose40:33 Leading Through Uncertainty: Six Principles for Navigating Crisis43:31 The Leadership Risk: Why Absorbing Uncertainty Is Your Most Important Job49:47 The Remote Work Dilemma: Why In-Person Connection Drives Innovation55:06 "97% of My Assets Drive Out the Gate": Treating People as Your Greatest ValueThought Sparks are the brainchild of Rita McGrath. They are insightful actions, strategic ideas, actionable suggestions and innovative approaches that help organizations and leaders master the future with less fear and more confidence. New episodes of the Thought Sparks Podcast are released every other Tuesday at 11am Eastern. Want to learn more about Rita’s ideas and hear more of her conversations with business leaders and innovators? Listen to more Thought Sparks Podcast episodes on Apple Podcasts and Spotify.Watch Thought Sparks episodes on YouTubeFollow Rita on LinkedIn, Instagram, X and Blue Sky.Connect with Rita on TikTokSign up for her Thought Sparks Newsletter on Substack. Learn more about Rita, her books and ideas at RitaMcGrath.com

In this week’s Thought Sparks Podcast episode, Rita McGrath, a Columbia University Business School Professor, C-Suite strategist, business founder and best-selling author, speaks with Steve Mandell, founder of party goods retail giant Party City. With recent headlines about Party City’s bankruptcy after nearly 40 years in business, they discuss Steve’s journey to founding the company, including the passion, hard work, and attention to detail that established Party City as a powerhouse. They discuss the future of retail, as online shopping continues to dominate over brick-and-mortar stores, and the impact of US tariffs remains to be seen.  Key Takeaways: (Add description and time codes)00:00 Meet Steve Mandell: Party City Founder & Serial Entrepreneur00:55 The Birth of Party City: One Store and a Simple Dream02:59 From Brooklyn Street Corner to Retail Empire: Steve's Entrepreneurial Roots 04:09 Retail is Detail: The Obsession That Built an Empire06:10 Listening to the Customer: The Secret to Party City's Evolution08:30 The Revolutionary Picture Wall That Experts Called 'Crazy'11:31 Accidental Franchising: The Surprise Visitor That Changed Everything13:14 Three Times the Expected Sales: The First Day That Proved the Concept15:40 The Entrepreneur's Mindset: 'What Are We Going to Do for an Encore?'19:56 The Vendor Connection: Creating a Retail Category Together21:17 Culture Through Mentorship: The Sam and Joe Story23:55 The Secret Hiring Formula: Three Traits of Exceptional Performers28:11 Culture of Caring: The Human Touch Behind Business Success30:16 When Success Turns to Crisis: The Audit That Changed Everything34:29 'Don't Run the Business for Wall Street': The Advice That Guided Party City 35:14 The Model That Couldn't Be Killed: Party City's Lasting Legacy38:19 Reinvention: From Party Stores to Online Costume Empire41:54 Hurricane Sandy and the Warehouse Under Water: When Nature Forces Change 43:20 The Entrepreneur's Idea Inventory: How Opportunities Take Shape45:05 The Cookie Wall: Bringing Retail Innovation to E-Commerce48:59 Solving the Hard Problems: Why Difficult Industries Create Opportunities 51:03 'I Don't Like It, I LOVE It': Passion as the Ultimate Driver51:58 No Free Rides: Advice for Young Entrepreneurs56:13 The Mandell Formula for Success: Luck, Luck, and Getting Off the Couch 57:38 Incrediblecookies.com: The Next Chapter of Retail InnovationThought Sparks are the brainchild of Rita McGrath. They are insightful actions, strategic ideas, actionable suggestions and innovative approaches that help organizations and leaders master the future with less fear and more confidence. New episodes of the Thought Sparks Podcast are released every other Tuesday at 11am Eastern. Want to learn more about Rita’s ideas and hear more of her conversations with business leaders and innovators? Listen to more Thought Sparks Podcast episodes on Apple Podcasts  and Spotify.Watch Thought Sparks episodes on YouTubeFollow Rita on LinkedIn, Instagram, X and Blue Sky.Connect with Rita on TikTokSign up for her Thought Sparks Newsletter on Substack. Learn more about Rita, her books and ideas at RitaMcGrath.com

When should you stay the course in life, and when should you shift with changing tides? This week, we bring you case studies from the world of business to explore the science of inflection points — changes that dramatically transform the course of events. Researcher Rita McGrath of Columbia University explains why we fail to see impending moments of upheaval, and what we can do to be more adept at spotting them.What you’ll learn from this week’s episode:The definition of an inflection point, and how to identify it in your own professional or personal life.The four stages of inflection points, and how to take advantage of them.The warning signs that an inflection point might be passing you by.  Originally published by Hidden Brain https://hiddenbrain.org/podcast/when-to-pivot/

Join Terence Mauri, founder of Hack Future Lab and author of "The Upside of Disruption," as he shares insights on thriving amidst chaos. He reflects on a life-changing car accident that reshaped his perspective. The conversation dives into the challenges AI presents versus human truth, and how bureaucracy can stifle innovation. Mauri reveals the DARE Framework for navigating change and discusses leadership transformation towards meaningful engagement. Discover how disruption can lead to innovation and the importance of trust in a digital age.

In this week’s Thought Sparks Podcast episode, Rita McGrath, a Columbia University Business School Professor, C-Suite strategist, business founder and best-selling author, speaks with Stephan Meier, a Columbia Business School Professor and expert on behavioral strategist. His recent book, “The Employee Advantage”, explains how companies that put their employees first are more profitable, innovative, and appealing to top talent, and how customer-centric tools can be repurposed to support employees. 00:00 Welcome to Thought Sparks: The Employee Advantage Unveiled01:38 What Really Sparked 'The Employee Advantage'? Stephan's Pandemic Revelation04:08 The ROI of Putting People First: Why Employee-Centric Companies Outperform08:05 United's Turnaround Secret: How Oscar Munoz Revolutionized a Struggling Airline09:26 Beyond Cost Centers: Zeynep Ton's Groundbreaking Research on Employee Value10:28 The Science of Motivation: What Truly Engages People Beyond Compensation13:00 The Reading Rebellion: How Stephan's Son Revealed a Universal Truth About Motivation17:06 Netflix for Work Tasks? How AI Matchmaking Creates Perfect Employee Challenges21:08 Permissionless Organizations: Why Hierarchy Is Becoming Obsolete23:04 The Great Economic Transformation: From Mass Production to Information Ecosystems25:04 Movie Crew Capitalism: Why Small Teams Are the New Organizational Building Blocks28:32 The Career Zigzag Advantage: Why Linear Paths Lead to Dead Ends33:27 The NASA Janitor Test: Does Everyone in Your Company Know Their True Purpose?39:47 AI as the Great Democratizer: Augmenting Human Potential Instead of Replacing It49:15 The Co-Leader Revolution: How AI Creates Superior Leadership Conversations52:37 What Sports Teams Know That Businesses Don't: AI's Coaching Superpowers57:05 Tom Friedman's Olympic Athlete Paradox: Training for Unknown Future Skills59:52 Beyond Theory: Implementing the Employee Advantage in Your OrganizationThought Sparks are the brainchild of Rita McGrath. They are insightful actions, strategic ideas, actionable suggestions and innovative approaches that help organizations and leaders master the future with less fear and more confidence. New episodes of the Thought Sparks Podcast are released every other Tuesday at 11am Eastern. Want to learn more about Rita’s ideas and hear more of her conversations with business leaders and innovators? Listen to more Thought Sparks Podcast episodes on Apple Podcasts  and Spotify.Watch Thought Sparks episodes on YouTubeFollow Rita on LinkedIn, Instagram, X and Blue Sky.Connect with Rita on TikTokSign up for her Thought Sparks Newsletter on Substack. Learn more about Rita, her books and ideas at RitaMcGrath.com

In this week’s Thought Sparks Podcast episode, Rita McGrath, a Columbia University Business School Professor, C-Suite strategist, business founder and best-selling author, speaks with Anupam Jena, the host of the Freakonomics MD Podcast. Anupam is here to talk about his recent book “Random Acts of Medicine”, which shows how unexpected—but predictable—events profoundly affect our health. What are the hidden forces that sway doctors, impact patients and shape our health? He’s here to explain and help us understand what to do about it. 00:00 Welcome to Thought Sparks with Rita McGrath & Dr. Anupam "Bapu" Jena00:56 "Random Acts of Medicine" - The Surprising Reception to Bapu's Groundbreaking Book01:40 The Paradox: Why Do Patients Do Better When Cardiologists Leave Town?04:17 London Cabbies, Brain Development & Alzheimer's: The Stunning Connection08:50 The 5-Minute Fix: Why Sports Teams Warm Up But Surgeons Don't (And What Happens When They Do)13:37 Trust vs. Errors: The Counterintuitive Research That Changed Everything17:00 "The Machine Saw That": How AI Could Transform Professional Feedback in Medicine & Beyond21:12 America's Healthcare Paradox: Why Spending 20% of Our Income Doesn't Make Us Healthier32:45 "Flooding the System with Humans": How AI Could Democratize Healthcare Access36:28 The 16-Minute Visit: Does Anyone Have Time for Healing?37:53 Your Zip Code Shouldn't Determine Your Health: The Geography of Medical Inequality43:02 From Research to Reality: The Rocky Path from Healthcare Insights to Actual Policy46:31 When Science Meets Values: The Hidden Battle Behind Health Policy Debates53:10 New Zealand's Hard Choice: A Global Lesson in Healthcare Trade-offs54:41 The Orphaned Cures: Why Some Life-Saving Treatments Never Make it to Market57:46 Unintended Consequences: How the Inflation Reduction Act Is Reshaping Medicine's Future59:34 The Unsung Heroes: Why We Thank Doctors But Not the Innovations That Save Us------------------------Thought Sparks are the brainchild of Rita McGrath. They are insightful actions, strategic ideas, actionable suggestions and innovative approaches that help organizations and leaders master the future with less fear and more confidence. New episodes of the Thought Sparks Podcast are released every other Tuesday at 11am Eastern. Want to learn more about Rita’s ideas and hear more of her conversations with business leaders and innovators? Listen to more Thought Sparks Podcast episodes on Apple Podcasts and Spotify.Watch Thought Sparks episodes on YouTubeFollow Rita on LinkedIn, Instagram, X and Blue Sky.Connect with Rita on TikTokSign up for her Thought Sparks Newsletter on Substack. Learn more about Rita, her books and ideas at RitaMcGrath.com

In this week’s Thought Sparks Podcast episode, Rita McGrath, a Columbia University Business School Professor, C-Suite strategist, business founder and best-selling author, speaks with Dean Carignan and JoAnn Garbin about their new book The Insider's Guide to Innovation at Microsoft. Together, the three innovation experts discuss the strategies and models that enabled Microsoft to continuously innovate for 50 years, and how other leaders and organizations can apply these strategic lessons. Key Takeaways:✅ The Power of Reinvention – How Microsoft has navigated four major technological shifts, including AI.✅ Culture of Risk & Learning – Why embracing failure fuels innovation rather than stifling it.✅ From Competition to Collaboration – How Satya Nadella’s leadership transformed Microsoft’s work culture.✅ The Hackathon Effect – How company-wide experimentation has driven groundbreaking ideas.✅ Human-Centered AI – How Microsoft approaches responsible AI development.🔗 Order now: https://www.innovationatmicrosoft.com/home#buynow00:00 Welcome Intro01:17 Dean Intro02:08 JoAnn Intro03:23 Brief Book Intro & Proceeds to STEAM05:35 Microsoft’s “Secret Sauce” for Innovation09:45 Boundary Crossers for Innovation @ Microsoft11:23 How to Grow a Business — Innovate with Everyone & Over the Years15:26 Failure and Not Working Out in Innovation19:29 “Failure to Launch” — Trying New Things20:54 Agility & Learning from Failure (Mobile Example)23:03 Hackathons & Rita’s “Brand Takeover” — Expanding Your Thinking27:32 Design Principles — What Good Looks Like31:10 Overshooting What Customers Want — No New Features!34:01 Satya Nadella Transition38:10 Responsible AI & Human-Centered AI45:55 Startups & Where the Money Flows51:23 Is Software Going Away? Agentic AI54:26 “Fifth Industrial Revolution”58:06 Hyper-Localization & Technology Reaching Out to U -------------------Thought Sparks, the brainchild of Rita McGrath, are insightful actions, strategic ideas, actionable suggestions and innovative approaches that help organizations and leaders master the future with less fear and more confidence. New episodes of the Thought Sparks Podcast are released every other Tuesday at 11am Eastern. Want to learn more about Rita’s ideas and hear more of her conversations with business leaders and innovators? Listen to more Thought Sparks Podcast episodes on Apple Podcasts and Spotify.Watch Thought Sparks episodes on YouTubeFollow Rita on LinkedIn, Instagram, X and Blue Sky.Connect with Rita on TikTokSign up for her Thought Sparks Newsletter on Substack. Learn more about Rita, her books and ideas at RitaMcGrath.com

Join Matt Beane, a Thinkers 50 Radar nominee and TED Talker, as he shares insights on upskilling in the age of intelligent machines. He emphasizes the critical need for organizations to adapt by preserving essential human skills amidst automation. The conversation covers shadow learning and how informal methods can lead to personal growth. Matt also highlights the impact of robotics on surgical training and the importance of mentorship in remote work. Get ready to explore innovative strategies for workforce transformation!

Sitting down with Susannah Fox, former Chief Information Officer at Health and Human Services and author of “Rebel Health.” Susannah is a true innovator in healthcare, and her work on “Rebel Health” explores how patients, caregivers, and survivors are using digital platforms to unite, advocate, and change the system from within. 💡 From inspiring stories of grassroots health movements to practical insights on shaping healthcare from the ground up, this chat is one you won’t want to miss. Follow me on my social channels to get notified when we start our live discussion.