Resilience through Experimentation | Rajshree Agarwal & Constance Helfat on Building Resilience
What happens when multiple shocks hit us?Have we reflected on 2020 and what have we learned?Have we identified the cracks in our systems?How can we enable ourselves to be better prepared for the next crisis?⛳️Uncertainty and complexity are states of nature. ⛳️We will never have full knowledge.⛳️There are no templates to tell us exactly what to do.⛳️We will always make mistakes.By acknowledging the above, we allow ourselves to experiment, place early bets, fail fast, and try again. We will acquire the missing information. We will figure out where the holes are and will be able to think ahead.Today, my guests are Rajshree Agarwal and Constance Helfat.RAJSHREE AGARWAL is the Rudolph Lamone Professor of Entrepreneurship and Strategy and Director of the Ed Snider Center for Enterprise and Markets at the University of Maryland. Rajshree studies the evolution of industries, firms, and individual careers, as fostered by the twin engines of innovation and enterprise.Rajshree’s scholarship uses an interdisciplinary lens to provide insights on strategic innovation for new venture creation and for firm renewal. She routinely publishes in leading journals in strategy and entrepreneurship. An author of more than 60 studies, her research has been cited more than 10,000 times, received numerous best paper awards, and funded by grants from various foundations, including the Kauffman Foundation, the Rockefeller Foundation, and the National Science Foundation. She is currently the co-editor of the Strategic Management Journal and has previously served in co-editor and senior editor roles at Strategic Entrepreneurship Journal and Organization Science respectively.Rajshree is a senior contributor at Forbes, providing insights for leading purposeful lives, strategy, and innovation. She has been featured in major media outlets including the Washington Post, USA Today, Time, and the Baltimore Sun, and has appeared in several video interviews and podcasts. Her op-eds have had over 100,000 reads, and her conversation with David Rubin on “The Rubin Report” drew approximately 25,000 views. Agarwal’s ability to put complex thoughts into clear terms led one media outlet to describe her as “an economist who makes things understandable.”CONSTANCE HELFAT is the J. Brian Quinn Professor in Technology and Strategy and Senior Associate Dean for Research Innovation at the Tuck School of Business at Dartmouth. Professor Helfat’s research focuses on strategic change, with an emphasis on firm capabilities, technological innovation, and top executives. She has published widely in leading academic journals and has written and edited three academic books. Professor Helfat is a Fellow of the Strategic Management Society, received the Distinguished Scholar Award from the Technology and Innovation Management Division of the Academy of Management, is a Foundations Scholar of the Knowledge and Innovation Interest Group of the Strategic Management Society, and was awarded the Viipuri Prize for outstanding achievements in strategy research and an honorary doctorate from the Lappeenranta University of Technology. She is currently a co-editor of the Strategic Management Journal and has served in editorial roles at Management Science and Organization Science. She also serves on the editorial boards of other academic journals.Welcome to a new episode of Building Resilience the podcast that hosts some of the most brilliant minds who have studied resilience or have tremendous experience in navigating ever-changing waters.Support the Skills for Mars podcast? www.podhero.comwww.skillsformars.com www.patreon.com/skillsformars - LinkedIn @skills for mars - Facebook @skillsformars - Instagram @skillsformars - Twitter @skillsformars