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 

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