Leading Incorruptible Organizations with Rita McGrath and Eric Ries

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Leading Incorruptible Organizations with Rita McGrath and Eric Ries

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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, sits down with Eric Ries, author of The Lean Startup, to talk about his new book Incorruptible. They discuss what organizations beyond corruption look like, touching on financial gravity and fiduciary duty, and how we might move beyond making shareholder primacy to more holistic views of creating and assessing value. 0:00 Introduction & Eric Ries's New Book “Incorruptible” 2:11 The Legend of Sol Price & the Origin of Modern Retail 3:31 Shareholder Primacy vs. Fiduciary Duty to Customers 7:00 How FedMart Was Destroyed & the Birth of Costco 11:16 Financial Gravity as The Invisible Force Corrupting Companies 14:13 The Mechanics of Financial Gravity in Organizations 21:45 Redefining Corruption: Making Money Without Creating Value 23:46 Measuring Human Flourishing Instead of Just Profit 33:38 The Role of Government & Carlota Perez's Economic Waves 39:07 Mission-Controlled Companies and The Incorruptible Blueprint 44:48 Corporate Charters, Shareholder Primacy & the Public Benefit Corp 53:42 The Vectura Case Study: Value Destruction in the Name of Profit 1:00:23 Shareholder Primacy Is Already Over, and Other Reasons for Optimism 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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