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Discovery-driven Growth: The Only Plan Is to Learn as You Go

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Uploaded on Apr 27, 2009

For companies planning to launch new initiatives during uncertain times, it's important "to know from the start that the plan is wrong," according to Wharton management professor Ian MacMillan. Assumptions are what get most companies into trouble, MacMillan and co-author Rita Gunther McGrath, a professor at the Columbia Business School, argue in their new book, Discovery-driven Growth: A Breakthrough Process to Reduce Risk and Seize Opportunity. In an interview with Knowledge@Wharton, McGrath and MacMillan describe how firms tend to approach growth in ways that hurt them, and what they can do to make the most of new opportunities, even during the current downturn. Transcript can be found at: http://knowledge.wharton.upenn.edu/ar...

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