When To Pivot
Summary
This episode explores the science of inflection points, using case studies like Coca-Cola, Gillette, and Blockbuster to understand when to pivot versus staying the course. Rita McGrath explains why businesses and individuals often miss these crucial turning points and provides strategies for spotting them. The episode also covers the four stages of inflection points and the importance of adapting to changing market conditions.Episode description
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.
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