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

Chartered Management Institute

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 However, in order to see tangible change, EDI needs to have a targeted strategy.

Metrics 52
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Have You Trained Your Replacement?

Persuasive Powerhouse

He has been a tank platoon leader, a McKinsey consultant, a senior executive, and now runs thoughtLEADERS – a leadership development and training firm. Make it a New Year’s Resolution to identify and groom your replacement. Your team will thank you for doing so after you leave. Anthony, you sound like quite a responsible worker.

Training 257
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The Hidden Costs of Cash

Harvard Business Review

And yet cash does carry costs. My colleague Benjamin Mazzotta and I have been studying the costs of cash across a wide range of countries: U.S., The use of cash involves several social costs to individuals — especially the poor — as well as business and the government. Mexico, Egypt and India. Much like the U.S.,

Cost 8
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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. This underinvestment has a real cost to U.S.

ROIC 8
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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. A second new McKinsey study delves into the question of what executives are doing about their strategic shortfall, and concludes that most are not doing enough. Execute decisively.

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The First Wave of Corporate AI Is Doomed to Fail

Harvard Business Review

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. Further, the cost of artificial intelligence talent is coming down as the supply of trained professionals increases.

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Doing Less, Leading More

Harvard Business Review

But the pacesetting style can also carry a high cost – Goleman notes that it “destroys climate [and] many employees feel overwhelmed by the pacesetter’s demands.” ” Instead simply doing more , sustaining our success as leaders requires us to redefine how we add value.

Goleman 13