Remove 2010 Remove Cost Remove Innovation Remove McKinsey
article thumbnail

Embedding EDI as KPIs: The organisations using inclusion metrics as performance indicators

Chartered Management Institute

They also have a 20% higher rate of innovation, according to a Boston Consulting Group study. McKinsey & Company reported that in 2020 the global market for EDI-related efforts was estimated at $7.5bn, yet at the current rate, it will take another 151 years to close the global economic gender gap. “We

Metrics 52
article thumbnail

Improving Innovation in Africa

Harvard Business Review

New research , funded by the Tony Elumelu Foundation and conducted by my team at the African Institution of Technology , shows that within Africa, innovation is accelerating and the continent is finding better ways of solving local problems, even as it attracts top technology global brands. Opportunity is on the rise in Africa.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Even for Companies, the U.S. Is Split Between Haves and Have-Nots

Harvard Business Review

Companies in the top one-fifth of profitability earn, in aggregate, about 70 times more economic profit (accounting profit less cost of capital) than those in the middle three-fifths combined, according to McKinsey’s database of 3,000 large, publicly listed, nonfinancial U.S. Consider what’s happening among corporations.

ROIC 8
article thumbnail

The Comprehensive Business Case for Sustainability

Harvard Business Review

Yet executives are often reluctant to place sustainability core to their company’s business strategy in the mistaken belief that the costs outweigh the benefits. McKinsey reports that the value at stake from sustainability concerns can be as a high as 70% of earnings before interest, taxes, depreciation, and amortization.

article thumbnail

The First Wave of Corporate AI Is Doomed to Fail

Harvard Business Review

They will fail not because AI is all hype, but because companies are approaching AI-driven innovation incorrectly. Recent research from McKinsey Global Institute found that 45% of work activities could potentially be automated by today’s technologies, and 80% of that is enabled by machine learning.

article thumbnail

Get Ready for the New Era of Global Manufacturing

Harvard Business Review

First we see major shifts in demand: developing economies such as China and India are morphing from the world's source of low-cost manufacturing capacity to the world's best market opportunities. Then, manufacturing's most important role is as a driver of innovation, trade, and productivity.

article thumbnail

Prepare for the New Permanent Temp

Harvard Business Review

Workflows and innovation initiatives have been artfully reorganized around "projects" to facilitate faster, cheaper and easier contingent participation. A recent McKinsey & Co. The profound difference between today [2010] and 2005 is that good hires looked like better investments than great tweaks back then.