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Dressing China

Harvard Business Review

Incomes are rising quickly in the world's most populous country: The percentage of the Chinese population earning between 10,000 and 24,000 renminbi a year (between US $1,200 and $3,500, in terms of 2010 exchange rates) rose from 11% in 2004 to 58% in 2010. According to a 2007 McKinsey & Co.

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China's Luxury Consumers Grow Up

Harvard Business Review

In 2010, sales across categories such as jewelry, leather goods, and upmarket ready-to-wear clothing rose by 20% to reach $12.4 Here are four insights from a survey of 1,500 luxury consumers we recently conducted: Quality counts. The importance of service has shot up from 17% in 2008 to 30% in 2010. Subtlety is chic.

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Morning Advantage: Heavy Metal Management

Harvard Business Review

That time came in 2010, reports The Guardian , when two aging Swedish financiers attended Freak Guitar summer camp in bucolic Härsjösand outside Gothenburg. What Really Happens When You Miss that Earnings Mark (McKinsey Quarterly). But McKinsey's analysis of hundreds of large U.S. THERE GOES THAT EXCUSE.

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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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What Peter Drucker Knew About 2020

Harvard Business Review

A 2014 McKinsey & Co. survey found, for example, that fewer than 20% of IT professionals say they are effective at targeting where they can add the most value inside their organizations. “An Survey after survey reveals that the vast majority of employees are not engaged in what they do.

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Managing an Unpopular Change Effort

Harvard Business Review

A 2010 McKinsey global survey of 2,512 executives found that, when the frontline experiences a sense of ownership of the necessary changes and are engaged in driving the change effort, the success rate rises to astonishing 79 percent. And do they express a sense of ownership about the purpose of the change?

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Three Cases of Better Corporate Philanthropy

Harvard Business Review

No wonder that a 2008 McKinsey survey found that only 20% of senior executives believe that their corporate philanthropy is effective in achieving social goals. Back pet charities, not those with a strong track record. Talk about "results" without measuring them. Sadly, this low-impact approach to corporate philanthropy is too common.