Catalyzing Organizational Change with Rita McGrath and Michael Lurie

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Catalyzing Organizational Change with Rita McGrath and Michael Lurie

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Summary

In this week’s Thought Sparks Podcast episode, Rita McGrath, a Columbia University Business School Professor, C-Suite strategist, business founder and best-selling author, speaks with Michael Lurie, Chief Catalyst at Bayer and expert in leading large-scale transformations. 00:00 Introductions & Context 1:37 The Challenge — Walking Into Bayer 5:07 How the Rollout Began, Using Two Tracks 8:37 The Five Principles of Dynamic Shared Ownership 10:39 Principle 1: Focus on Mission and Outcomes 11:05 Principle 2: Collaborate on a Network of Self-Managing Teams 11:51 Principle 3: Create Value as Entrepreneurial Businesses 13:00 Principle 4: Explore, Execute, and Evolve in Rapid Cycles 13:38 Principle 5: Show Up in Creative Mindset 14:45 The VACC Leadership Model 15:52 Performance Results — The Evidence 19:37 Applying DSO to Manufacturing and The Precision Question 24:12 Overcoming Skepticism and Resistance 32:46 Reimagining Budgeting Towards Dynamic Resource Flow 41:44 Professional Homes — Reimagining Talent and Compensation 49:01 How Strategy Changes in the DSO Model 57:49 Lessons Learned and Surprises on the Journey 1:01:36 Closing Want to learn more about Rita’s ideas and hear more of her conversations with business leaders and innovators? Listen to more Thought Sparks Podcast episodes on Apple Podcasts and Spotify. https://podcasts.apple.com/us/podcast/thought-sparks/id1546758719 https://open.spotify.com/show/0xmTsYXMgTeielwZ0dGTSU Watch Thought Sparks episodes on YouTube. https://www.youtube.com/channel/UCcyXT8iJkTSciUMe0me3L7Q Follow Rita on LinkedIn, Instagram, X and Blue Sky. https://www.linkedin.com/in/ritamcgrath/ https://x.com/rgmcgrath https://bsky.app/profile/rgmcgrath.bsky.social Connect with Rita on TikTok and Instagram. https://www.tiktok.com/@rgmcgrath https://www.instagram.com/ritamcgrath.hub/ Sign up for her Thought Sparks Newsletter on Substack. https://thoughtsparks.substack.com/ Learn more about Rita, her books and ideas at RitaMcGrath.com.

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