Skip Prichard

AUGUST 2, 2019

I had the opportunity to speak with Charles Conn and Robert McLean, two McKinsey alums who share a seven-step systematic approach to creative problem solving that will work in any field or industry. Technology change is speeding business up and providing an edge for disruptive innovators. 7 Steps to Problem Solving. 2: Disaggregate.

Disaggregation 80

Disaggregation McKinsey Skills Gordon 80

The Horizons Tracker

SEPTEMBER 26, 2023

In The Ecosystem Economy , McKinsey’s Venkat Atluri and Miklos Dietz paint a picture of the future of education that will see the ways in which we learn transformed. Far from academic credentials proving important, the analysis found that they were required in just 18% of job adverts.

Education 109

Education Learning-by-Doing Skills McKinsey 109

Harvard Business Review

MAY 31, 2011

So when we were first contacted about a possible collaboration by the Management Innovation eXchange (MIX), which sees its role as "creating organizations that are fundamentally fit for the future — and genuinely fit for human beings," we were immediately excited by the possibilities. With the Management 2.0 Challenge pipeline.

McKinsey 11

McKinsey Innovation Hamel Management 11

The Horizons Tracker

JULY 22, 2019

The last few years have seen a number of reports attempting to explore how the future of work will unfold, and one of the most commonly cited was that produced by McKinsey in 2017. Economic Benefits – this use case analysis will also examine the economic benefits of implementation. Gender differences. . ” Skills gap.

McKinsey 64

McKinsey Technology Ethics Report 64

The Horizons Tracker

AUGUST 1, 2019

The alarming nature of the statistic understandably triggered considerable discussion, with various other bodies, from the OECD to McKinsey producing similar research complete with their own predictions for the future of work. Adapting to change. Technology at Work. I was understandably curious therefore to see if Technology at Work 4.0

Technology 64

Technology Short-term Osborne Long-term 64

The Horizons Tracker

OCTOBER 21, 2020

The system was trained on a range of tasks in the medical field, including chest X-ray analysis, where the system was tasked with identifying conditions such as cardiomegaly and atelectasis. “In around its introduction.”

Govindarajan 73

Govindarajan Technology Hammer Process 73

The Horizons Tracker

AUGUST 27, 2019

The analysis revealed a profound bifurcation in the job market, with the split dividing the low-skill and low-wage jobs from the high-skill and high-wage senior positions. The analysis revealed a highly unequal landscape, with those influential people five times more likely to have gone to a private school than the average population.

Diversity 50

Diversity Class Education Analysis 50

HR Digest

DECEMBER 8, 2020

A recent Mckinsey & Company survey shows that since 2015, America has seen only a modest growth in women’s well paid jobs representation in the corporate pipeline. It is a fast growing field and attracts a lot of entrepreneurs and innovators. For every 100 men promoted to manager, only 85 women were promoted. .

Human Resources 52

Human Resources Chemicals Software Engineering 52

The Horizons Tracker

JULY 1, 2020

“The collection and analysis of data, when done responsibly and in a trusted manner, has the potential to improve treatment and drive towards value, both social and economic, in healthcare,” the report says. ” A new report from EIT Health and McKinsey therefore offers a timely opportunity to gauge progress. .

Skills 87

Skills Report Technology Long-term 87

Harvard Business Review

MARCH 31, 2011

How many people in your organization are innovative thinkers who can help with your thorniest strategy problems? Innovation. A person who has studied a foreign language or literature can run your overseas offices, or help with your global strategy by providing local insight or business analysis. What else? Just ask P&G's A.G.

Innovation 20

Innovation Creativity McKinsey Training 20

Harvard Business Review

NOVEMBER 21, 2012

Game-changing innovation is a beautiful thing. The problem is that large companies find game-changing innovation staggeringly difficult to achieve. Apple was the only incumbent in this period to grow by creating new markets repeatedly through disruptive innovation. What does it take to innovate at scale?

Innovation 9

Innovation Incubator Disruptive Innovation McKinsey 9

Harvard Business Review

APRIL 27, 2015

Can you think of any business topic that’s been hotter for longer than innovation? In a McKinsey poll , 94% of the managers surveyed said they were dissatisfied with their company’s innovation performance. And yet when it comes to innovation, the gap between aspiration and accomplishment seems as big as ever.

Innovation 8

Innovation Company Engineering Supply Chain 8

CO2

APRIL 1, 2022

A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. Recent research has shown that “high purpose” companies — those who have a point of view on social issues, innovate with purpose, and have a commitment to society — outperform “low purpose companies.”

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

CO2

APRIL 1, 2022

A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. Recent research has shown that “high purpose” companies — those who have a point of view on social issues, innovate with purpose, and have a commitment to society — outperform “low purpose companies.”

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

Harvard Business Review

FEBRUARY 22, 2011

We were struck by the assumption made by an article in The McKinsey Quarterly this month. Thus, as the McKinsey Global Institute team states, and its analysis of 80 years of data shows, "over the long term. Yet, as obviously logical as that finding turns out to be, McKinsey was right to frame it as counterintuitive.

McKinsey 14

McKinsey Efficiency Long-term Analysis 14

Harvard Business Review

NOVEMBER 30, 2017

Even more striking, new research from the McKinsey Global Institute analyzes firm-level financial results and finds a stark contrast in performance between the biggest U.S. Past work by McKinsey found that inefficiencies in manufacturer-supplier interactions add up to roughly 5% of development, tooling, and product costs in the auto industry.

Supply Chain 8

Supply Chain McKinsey Incentives Bottom-up 8

Harvard Business Review

APRIL 17, 2018

Sarah Williamson is the CEO of FCLTGlobal (formerly Focusing Capital on the Long Term), an organization cofounded in 2016 by BlackRock, CPPIB, Dow Chemical, McKinsey, and Tata Sons to encourage a longer-term focus in business and investment decision making. Small Firms Are Not More Innovative.

Long-term 10

Long-term Innovation Technology Stage-Gate 10

Harvard Business Review

DECEMBER 16, 2016

Back in 2011, the McKinsey Global Institute published a report on the transformational potential of big data—and it would take a supercomputer to process all of the articles that have appeared since then urging companies to get on board before some digital disruptor renders them obsolete.

Industry 8

Industry McKinsey Early Adopters Rate of Return 8

Harvard Business Review

MARCH 30, 2016

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. Engage radically.

Company 8

Company McKinsey Short-term Long-term 8

Harvard Business Review

JULY 19, 2017

A venerable management tool — organizational network analysis (ONA) — can result in powerful visual representations of the way inclusion actually plays out in your organization. At the professional services firm, the analysis found that men were 5.6 So how do you measure this? Recently, a large U.S.-based

Company 8

Company Diversity Analysis Attrition 8

Harvard Business Review

SEPTEMBER 13, 2017

And as innovation brings self-driving cars, electric vehicles, in-vehicle data connectivity, mechanisms for sharing rides and vehicles, and other technologies to more people, getting around cities will become easier, faster, and safer. million deaths in 2015 ), and air pollution (health problems like respiratory ailments).

Transportation 11

Transportation Technology GDP Policies 11

Harvard Business Review

NOVEMBER 4, 2016

A 2015 McKinsey report on 366 public companies found that those in the top quartile for ethnic and racial diversity in management were 35% more likely to have financial returns above their industry mean, and those in the top quartile for gender diversity were 15% more likely to have returns above the industry mean.

Diversity 8

Diversity Team Price Sharpe 8

Ask Atma

JANUARY 2, 2011

Business planning (analysis, forecasting, budgeting…). There are many capable consultants ranging from one person independent contractors to large multi-national firms like McKinsey & Company. They are: productivity, innovation, stress management, health & wellness, team/group development, and. Risk assessment.

Management 40

Management CRM Objective Human Resources 40

Harvard Business Review

DECEMBER 2, 2010

Most commonly noted in hindsight analysis of M&As are the effects of what we will call false positives, where in the fullness of hindsight it becomes clear that an acquisition effort was flawed from the start. To do this, we combine two separate frameworks: the first is the Three Horizon strategic model developed by McKinsey.

NPV 14

NPV Net Present Value Price Engineering 14

Harvard Business Review

NOVEMBER 13, 2012

To answer these tough questions, we can turn to two of the world's best number crunchers, McKinsey and PwC (full disclosure: I have a consulting partnership arrangement with PwC US). But the brutal logic of the McKibben, PwC, and McKinsey numbers applies at the microeconomic level as well. But constraints drive innovation.

McKinsey 8

McKinsey GDP Cost-Benefit Analysis Constraint 8

Harvard Business Review

DECEMBER 19, 2017

Technological innovations have radically transformed the business landscape in many ways over the last two centuries, from the introduction of steam power to the market conquest of radial-ply tires. Research by McKinsey & Company and the McKinsey Global Institute shows that digitization is having the same radical impact.

Succession 8

Succession Industry McKinsey Business Model 8

Harvard Business Review

DECEMBER 11, 2018

” A 10-year McKinsey study on flow found that top executives are up to 500% more productive when they’re in a state of flow. I conducted a two-week, six-hour workday experiment with my team at Collective Campus, an innovation accelerator based in Melbourne, Australia. How to Foster a Shorter, More Productive Workday.

Outsourcing 15

Outsourcing Stress Productivity Products 15

Harvard Business Review

JANUARY 28, 2014

For example, a prescient report by McKinsey in 2005 showed that classified advertisement (the true driver of profitability for many newspaper companies) had decoupled from newspapers’ economic growth. billion), proclaiming McKinsey’s analysis “shallow and superficial.”. Disruptive innovation Innovation'

Disruptive Innovation 9

Disruptive Innovation Advertising Gilbert Market Segmentation 9

Harvard Business Review

DECEMBER 19, 2012

According to a survey of social media users by the joint Nielsen-McKinsey venture NM Incite, 33% of respondents say they'd recommend a brand that offered a quick but ineffective response, nearly double the number (17%) who'd recommend a brand providing a slow but effective solution. The Social Solution to Innovation Challenges.

Balanced Scorecard 9

Balanced Scorecard McKinsey Media Metrics 9

Harvard Business Review

OCTOBER 30, 2014

McKinsey research shows that companies with advanced marketing and sales capabilities tend to grow their revenue two to three times more than the average company within their sector. While hardcore data analysis will get you partway, interviewing sales reps is also crucial to uncovering what customers want.

Marketing 11

Marketing Guidelines B2C Analysis 11

Harvard Business Review

AUGUST 30, 2018

Although cross-border data flows grew 45x between 2005 and 2014, according to a McKinsey analysis , events since 2014 have pushed the pendulum to swing away from unconstrained data globalization. Many governments are currently rethinking their policies regarding cross-border data flows. Data Is Deglobalizing.

Supply Chain 9

Supply Chain Globalization GAAP Policies 9

Harvard Business Review

NOVEMBER 22, 2017

Whatever their approach, the providers shared a common goal of excellence and efficiency in patient care—and a willingness to innovate to get there. Brandon Carrus, a senior partner at McKinsey & Co. In an ever-changing environment, HROs continually look for potential problems and innovative solutions.

Health Care 8

Health Care Content Chief Information Officer Efficiency 8

Harvard Business Review

MARCH 8, 2016

This has big implications for businesses, entrepreneurs, and innovators seeking growth beyond their home markets: there just isn’t a one-size-fits-all app or approach to building scale in the global digital economy. First, let’s review some of the challenges.

Benchmarking 8

Benchmarking Policies Globalization Long-term 8

Harvard Business Review

DECEMBER 22, 2010

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. The Nike Foundation also leans on its expertise in innovation and scale to find solutions to poverty, while keeping its operations separate from the business.

Core Competence 15

Core Competence Market Segmentation Globalization Reputation 15

Harvard Business Review

MAY 14, 2014

Imagine you are the CEO of one of Britain’s oldest and possibly least innovative insurance companies, The Prudential. Some experts will say that you should invest in a portfolio of new ventures as part of what McKinsey calls the “ third horizon.” When Innovation Is Strategy. Should Big Companies Give Up on Innovation?

Licensing 8

Licensing Competitive Advantage Proposal Banking 8

Harvard Business Review

OCTOBER 11, 2013

Every industry loves to co-opt it; for example, in consulting, you’ll hear: “You never get fired for hiring McKinsey.” Their higher margins could be reinvested into client service innovations. Have you ever heard the saying: “You never get fired for buying IBM”? In law, it’s often: “You never get fired for hiring Cravath”.

Sample 8

Sample Survey Christensen Efficiency 8

Harvard Business Review

JANUARY 27, 2017

The bad news: Petabytes of new data and algorithmic innovation assure that “autonomy creep” will relentlessly challenge human oversight from within. McKinsey, Bain, and BCG are the management models here. Autonomy is both the organizational and the operational center of gravity for innovation and growth.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8