Letting Go: When and how to drop a business that isn't working anymore
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Publication Date:
July 2013 -
Report Number:
tcbr119
Columbia professor Rita Gunther McGrath lays out "the principles of healthy disengagement" from an underperforming business. "First, identify the warning signs. Often, these are qualitative leading indicators rather than quantitative lagging ones. Next, create a way for the import of the numbers to be recognized. Then, once the decision has been made, determine the situation you are in and design the disengagement strategy that makes the most sense."
Adapted from McGrath's book The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business.
the principles of healthy disengagement. First, identify the warning signs. Often, these are qualitative leading indicators rather than quantitative lagging ones. Next, create a way for the import of the numbers to be recognized. Then, once the decision has been made, determine the situation you are in and design the disengagement strategy that makes the most sense. - See more at: http://www.tcbreview.com/summer-2013/letting-go.html?start=2#sthash.sn42jZ7f.dpuf
Adapted from The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business (Harvard Business Review Press). - See more at: http://www.tcbreview.com/summer-2013/letting-go.html#sthash.5afLM6rh.dpuf
The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business ( - See more at: http://www.tcbreview.com/summer-2013/letting-go.html#sthash.5afLM6rh.dpuf
The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business - See more at: http://www.tcbreview.com/summer-2013/letting-go.html#sthash.5afLM6rh.dpuf
The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business - See more at: http://www.tcbreview.com/summer-2013/letting-go.html#sthash.5afLM6rh.dpuf