The Importance of Disengagement and How to Do it Well

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Disengagement is an important aspect of business that is often overlooked in books focused on growth and opportunity.
Recognizing the need for disengagement and knowing when to stop investing resources in a venture is crucial.
Consider the impact on key stakeholders and explore ways to make them whole when disengaging from a venture.
Even if a venture fails, it is important to identify and leverage the knowledge, capabilities, and skills developed during the process.
A venture is not a singular entity; components such as technology, skills, and networks can be repurposed within the company.
Avoid treating disengagement as a complete failure and embrace the lessons learned from the experience.

To plan for the future, businesses usually look to their past. But what if your company is in uncharted territory? Columbia Business School professor Rita McGrath has a different idea: Design experiments to test your assumptions using “discovery-driven growth.”