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Corporate Purpose: Monumental Change Starts With Your Leadership

CO2

A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. Generation Z , which includes anyone born between 1997 and 2012, influences your business more each day as the generation enters the workforce and its purchasing power increases.

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Corporate Purpose: Monumental Change Starts With Your Leadership

CO2

A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. Generation Z , which includes anyone born between 1997 and 2012, influences your business more each day as the generation enters the workforce and its purchasing power increases.

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What Are The Shared Values In Your Organization?

The Idolbuster

McKinsey 7S Model. I find the McKinsey 7S framework particularly relevant model for organizational behavior. The values of the organization, (propagated by the founder/CEO) did not reward operational issues, or believe in customer feedback. Chapter 3: The Corporation, The Real American Idol Part 7 – UPDATED 8/10.

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Building Partnerships

Marshall Goldsmith

Many leaders will be operating more like the managing director of a consulting firm. At the consulting firm McKinsey and Company, a Director may often have less detailed knowledge about a client than a more junior partner. They will be partners leading in a network, not managers leading in a hierarchy. Marshall@MarshallGoldsmith.com.

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CEOs Don’t Care Enough About Capital Allocation

Harvard Business Review

There are just two ways to increase ROIC: improve operating profit (by increasing revenues or cutting costs) or invest capital more wisely. Tellingly, another recent (2013) McKinsey study covering a 20-year period revealed that only 16% of board members understood how their firms created value. The bottom line?

CEO 8
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The Fortune Global 500 Isn’t All That Global

Harvard Business Review

The 2014 DHL Global Connectedness Index that one of us (Ghemawat) prepares with Steven Altman, and that was released on November 3, indicates that global connectedness started to deepen again in 2013 after its recovery stalled in 2012. Specifically, are companies from advanced economies failing to keep up with the big shift?

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Here’s a Better Way for Companies to Tackle Big Social Problems

Harvard Business Review

Research by McKinsey shows that, on average, 30% of corporate earnings are at stake when it comes to a company’s relationships with society. As a global survey conducted by McKinsey shows, only 21% of business executives think their company frequently engages successfully. The current model is not working.