Seeing Around Corners

Name: Seeing Around Corners
Rating: 4.50 (1 reviews)
Author: Rita McGrath

272 pages, 2019

Rita McGrath

business & management

1082 books

Takeaways

Description

New paradigms in the business landscape, called inflection points, create entrepreneurial opportunities for companies like Amazon and Netflix, but they can also be disastrous for established businesses like Toys R Us and Blockbuster. Only those who can “see around corners”–that is, spot the disruptive inflection points developing before they hit–are poised to succeed in this market. In Inflection Point Strategy, Rita McGrath contends that inflection points are not random. Every seemingly overnight shift is the final stage of a process that has been subtly building for some time. Armed with the right strategies and tools, smart businesses can see these inflection points coming and use them to gain a competitive advantage.

Identifying Inflection Points

Rita McGrath encourages readers to identify inflection points in their business. These are the moments that can drastically change the direction of your business. By spotting these early, you can adapt and thrive, rather than being left behind.

The Power of Outside Perspectives

McGrath emphasizes the importance of seeking outside perspectives. Sometimes, being too close to a situation can blind you to potential opportunities or threats. By stepping back or inviting others to give their views, you can see around corners and anticipate changes.

Embrace Experimentation

In Seeing Around Corners, the author encourages businesses to embrace experimentation. Trying new things can lead to innovation and growth, and it can also help you spot potential inflection points before they happen.

The Importance of Agility

Rita McGrath highlights the importance of agility in business. In a rapidly changing world, the ability to adapt quickly and efficiently is crucial. This book will help you understand how to cultivate this agility in your own business.

Learning from Failure

McGrath also explores the concept of learning from failure. Mistakes are not just setbacks, they're opportunities to learn and grow. By adopting this mindset, you can turn failures into stepping stones towards success.

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Quotes 3

Rita McGrath's Seeing Around Corners is a masterful guide to the future. It's a must-read for anyone who wants to spot opportunities before they become obvious.

Adam Grant - Organizational psychologist

Rita McGrath has done it again. Seeing Around Corners is a brilliant guide to the art of strategic foresight. If you're in the C-suite or hope to be one day, read this book.