Remove 2007 Remove Development Remove Marketing Remove McKinsey
article thumbnail

How to Ensure Your Organization’s Digital Transformation Succeeds

Leading Blog

To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8 Its phones were quickly viewed as antiquated and difficult to work with for developers. Subsequently, its market share plummeted by 90 percent. Nokia just couldn’t keep up.

How To 262
article thumbnail

Leadership lessons

Lead on Purpose

Today’s post is a link to Stewart Rogers ‘ blog the Strategic Product Manager , which contains several great leadership quotes from McKinsey. Take a few minutes and learn about Leadership Lessons from McKinsey. Take a few minutes and learn about Leadership Lessons from McKinsey.

Rogers 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Secret Button for Getting Your Ideas Approved

Strategy Driven

Below I’ve listed a few stakeholders and corresponding Core Ideas to pitch to them regarding the European market entry: VP of Sales: “We should enter the Italian and German markets because we can generate $XMM in sales.”. I’m making a pitch for entering the Italian and German markets no matter who my stakeholder is.

Metrics 50
article thumbnail

Performance Measurement

Strategy Driven

Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art. It turned out that the unit was driving profits by raising prices and cutting marketing and advertising expenditures. Copyright (c) 2011. About the Authors.

ROIC 62
article thumbnail

Get Better Results by Looking at Your Team Differently

Strategy Driven

That new look at the 'how' of their results will help you coach and develop them more effectively. He’s the managing director of thoughtLEADERS, LLC – a leadership development training firm. Before founding his own company, he was an assistant professor at Duke University, a consultant at McKinsey & Co., part 2 of 6.

Team 50
article thumbnail

How Competition Is Driving AI’s Rapid Adoption

Harvard Business Review

New research from the McKinsey Global Institute simulates the potential global macroeconomic impact of five powerful technologies (computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning). But how will AI impact the economy in broad terms? A race between firms.

GDP 8
article thumbnail

Get the Strategy You Need — Now

Harvard Business Review

Though both statements may sound extreme, they are the clear implication of new McKinsey research on how companies create value and allocate resources. The rest of the companies, more than 2,400, simply do not have a strategy that effectively outperforms the market. Retool your strategy development process. Inertia is expensive.