Here’s some good news about Rita McGrath, a Columbia biz-school professor and author who spoke at the Princeton Regional Chamber last year. She has just been named one of the world’s top 20 business thinkers. Discovery Driven Growth is the latest of her books.

Well, we here in Princeton knew that she was oh-so-smart all along. I’m especially fond of her advice to “fail fast and fail cheap.” To learn, you’ll need to fail – but if you fail fast, and fail cheaply, you can gain a significant edge over more timid competitors.