Rita Gunther McGrath explained

Rita Gunther McGrath
Birth Date:28 July 1959
Birth Place:New Haven, Connecticut
Nationality:American
Fields:Strategy, innovation and entrepreneurship
Workplaces:Columbia Business School
Alma Mater:The Wharton School

Rita Gunther McGrath (born July 28, 1959 in New Haven, Connecticut) is an American strategic management scholar and professor of management at the Columbia Business School. She is known for her work on strategy, innovation, and entrepreneurship, including the development of discovery-driven planning.[1] [2]

McGrath is also the founder of the innovation platform Valize.[3]

Life and work

Rita McGrath's parents were both scientists. Her mother, Helge Liane Gunther,[4] was a microbiologist, and her father, Wolfgang H. H. Gunther, was an organic chemist. She was born in New Haven, CT., as her parents were both working at the Yale Medical School at the time. After Wolfgang made the decision to join Xerox, the family moved to the Rochester, New York area. He subsequently joined Kodak in the late 1970's. McGrath bore witness to the devastation that can occur when a company fails to innovate as the world changes around it.[5]

McGrath graduated magna cum laude from Barnard College in 1981 and earned a Masters of Public Administration from the School of International and Public Affairs, Columbia University in 1982. In 1993, she completed her Ph.D. at The Wharton School (University of Pennsylvania) with the dissertation, entitled Developing New Competence in Established Organizations consistent with her longstanding interest in corporate ventures and innovation.[6]

McGrath started her career working in government and the political arena and founded two entrepreneurial startups. After her graduation in 1993, she joined Columbia as assistant professor of management, was promoted to associate professor of management in 1998, and recently became a full professor in the Faculty of Executive Education. In 2014, she was elected Deputy Dean of the Strategic Management Society Fellows[7]

In 1999, McGrath received the "Best Paper" Academy Of Management Review, in 2001 the Maurice Holland "best paper" award from the Industrial Research Institute,[8] and later the McKinsey 'best paper' award from the Strategic Management Society for McGrath and Nerkar, Real options reasoning and a new look at the R&D strategy of pharmaceutical firms.

In 2009, she was elected fellow of the Strategic Management Society,[9] and in 2013 of the International Academy of Management. In 2013 she also received the Thinkers50 Distinguished Achievement Award in Strategy.[10] She was named one of the top 20 thinkers in 2011,[11] and one of the top 10 thinkers in 2013 by Thinkers50.[12]

In 2019, McGrath was ranked the #5 most influential management thinker in the world by Thinkers50.[13] In 2023, McGrath ranked #7 on the Thinkers50 list.[14]

McGrath received the prestigious C. K. Prahalad award for scholarly impact on practice from the Strategic Management Society in 2022. This is one of the most prestigious awards granted by the Society.[15]

McGrath is the bestselling author of five books and is one of the most widely published authors in the Harvard Business Review, including “Discovery Driven Planning” (1995), which was recognized as an early articulation of today’s “lean” startup philosophy and has been cited by Clayton Christensen as “one of the most important ideas in management—ever.”[16] She is the founder of the consulting firm Valize and maintains the weekly newsletter Thought Sparks on LinkedIn.

Her work and research is promoted on her personal website.

Honors and awards

Selected publications

Books

Notable articles

External links

Notes and References

  1. Zahra, Shaker A., and Gerard George. "Absorptive capacity: A review, reconceptualization, and extension." Academy of management review 27.2 (2002): 185-203.
  2. Hitt, Michael, R. Duane Ireland, and Robert Hoskisson. Strategic management cases: competitiveness and globalization. Cengage Learning, 2012.
  3. Web site: Valize. Valize. en-US. 2019-03-03.
  4. Web site: Obituaries, Helge-Liane Gunther, researcher and translator of scientific papers . 17 April 2023.
  5. Web site: Kodak: Have We Seen the End of Competitive Advantage? . 17 April 2023.
  6. Web site: The Development of New Competences in Established Organizations . 17 April 2023.
  7. Web site: SMS Fellows - Strategic Management Society - Welcome from Dean . Fellows.strategicmanagement.net . 25 November 2014.
  8. Web site: THE MAURICE HOLLAND AWARD. Iriweb.org. 25 November 2014.
  9. Web site: Fellows of the Strategic Management Society . Fellows.strategicmanagement.net . 25 November 2014.
  10. Web site: Distinguished Achievement Awards 2013 . Thinkers 50 . 11 November 2013 . 25 November 2014.
  11. Web site: The Thinkers50 Ranking 2011 . Thinkers 50 . 25 November 2014 . dead . https://web.archive.org/web/20120214191520/http://www.thinkers50.com/results/2011 . 14 February 2012 .
  12. Web site: The Thinkers50 Ranking 2013 . Thinkers 50 . 15 November 2013 . 25 November 2014.
  13. Web site: Thinkers50 . 2019 Rankings . 12 January 2020.
  14. Web site: 2022-09-09 . Rita McGrath - Thinkers50 . 2023-12-01 . thinkers50.com . en-US.
  15. Web site: Rita McGrath, winner of the 2022 CK Prahalad Award for Scholarly Impact on Practice. 17 April 2023.
  16. Web site: Rita McGrath. Innosight. en-US. 2019-03-03.

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