Banking, Marketing, McKinsey and Policies

Reskilling the Future of Work

HR Digest

JULY 28, 2021

In a recent McKinsey Global Survey on the future of workforce needs, nearly nine in ten executives and managers say their organizations either face skills gap already or expect gaps to develop within the next five years. According to McKinsey, AI and automation will displace between 400 million and 800 million individuals by 2030.

McKinsey

McKinsey Aggregate Demand Industry Crisis

Playing the Long Game: The Employee Retention Process in HR

HR Digest

NOVEMBER 4, 2023

The World Bank has projected a 9 million skilled and semi-skilled ICT workers shortage to affect Indonesia between 2015-2030. While it can feel like a localized issue, such market changes are just as possible in U.S. industries and it emphasizes the importance of the retention process in HR.

Process

Process Attrition Trends Training

The Dangers of Digital Protectionism

Harvard Business Review

AUGUST 30, 2018

Many governments are currently rethinking their policies regarding cross-border data flows. 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. What Policy Makers Should Consider.

Supply Chain

Supply Chain Globalization GAAP Policies

Look Beyond Your "Social Media Presence"

Harvard Business Review

JANUARY 16, 2013

A lot of companies congratulate themselves on having a "social media presence" — by which they mean a Twitter following and Facebook likes and a marketing plan that uses social networks. But some 70% of the extra profit to be made through social technologies has nothing to do with marketing. Integration. into the core.

Media

Media McKinsey Supply Chain Telecommunications

Don’t Let Data Paralysis Stand Between You and Your Customers

Harvard Business Review

NOVEMBER 4, 2013

To open a bank account today, for instance, a typical customer embarks on a multichannel journey: researching online; downloading an application; speaking to a call center agent; linking brokerage accounts; visiting a branch; and installing the bank’s mobile app. For more see the HBR article, “The Truth About Customer Experience” ).

Call Center

Call Center Banking Analysis Knowledge Management

Greece and Its Misguided Champions

Harvard Business Review

AUGUST 24, 2015

Greece was seen as an exemplar of a country under assault, victim of the waning European sense of cohesion and social justice, and of ineffectual, neoliberal policies. It is too easy to view the Greek mess as a case of austerity policies gone berserk. Framing this as a case of a small country defying the bullies misses the point.

Crisis

Crisis Policies Short-term GDP

We Need to Move Beyond the Employee vs. Contractor Debate

Harvard Business Review

JULY 8, 2015

The options for getting work done — beyond regular full-time employment — are increasing and, in a world of constant change, we should be asking not simply whether a worker should be categorized as an employee or a contractor but whether regular full-time employment is really the only way to deliver high pay and marketable skills.

McKinsey

McKinsey Globalization Health Care Innovation

The Hidden Costs of Cash

Harvard Business Review

JUNE 26, 2014

The unbanked pay four times more in fees to access their money than those with bank accounts, and they pay $4 higher fees per month for cash access on average than those with formal financial services. While the overall costs of cash usage in all these markets are daunting, the U.S. By FDIC estimates, 8.2% households are underbanked.

Cost

Cost Transportation Banking Retail

Europe’s Other Crisis: A Digital Recession

Harvard Business Review

OCTOBER 27, 2015

At the regulatory and policy levels, authorities have doggedly pursued U.S. ” The proposal is to create a “Digital Single Market” in the EU. The goal of the Digital Single Market is an ambitious one: to deliver by the end of 2016 the equivalent of US$ 471 billion per year to the regional economy and 3.8

Crisis

Crisis McKinsey Policies Globalization

The Ideas that Shaped Management in 2013

Harvard Business Review

DECEMBER 24, 2013

And the seven policy changes Stew Friedman recommends would benefit all working Americans. 7 Policy Changes America Needs So People Can Work and Have Kids. The good news is that millennial men are changing the way they define leadership and demanding work that fits around their families. Why Do So Many Incompetent Men Become Leaders?

Management

Management Health Care Middle Management Agility

Corporate Inequality Is the Defining Fact of Business Today

Harvard Business Review

MAY 11, 2016

By ignoring the distribution, that statistic masks a more important trend: As the McKinsey Global Institute has documented , variance in corporate earnings has increased substantially as well. As McKinsey’s researchers write in their report : The most digitized sectors in the U.S.

McKinsey

McKinsey Document Engineering Outsourcing

The Fallacy of the "China Defense"

Harvard Business Review

MARCH 4, 2013

This policy shift is a very big deal for all 7 billion of us sharing the climate. As those tree-huggers at McKinsey and PwC UK have calculated, we need to decarbonize at a rapid rate — about 5 percent less carbon per dollar of GDP every year until 2050. But there are three little problems with this logic: 1) It's not true.

GDP

GDP Energy McKinsey Transportation

How Benchmarking Can Help Countries Become More Digital

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. What would need to be true for the country to get to the Singapore benchmark in 10 years?

Benchmarking

Benchmarking Policies Globalization Long-term

Rethink Your Assumptions About Opportunity in Africa

Harvard Business Review

SEPTEMBER 14, 2012

Consultancies including McKinsey, BCG, PWC and KPMG have ably documented it. Nonetheless, in my experience the vast majority of businesspeople and policy makers are either unaware of the change underway in Africa or underestimate the associated opportunity. And, after two slow decades, it is now growing at over 5%. So, what is Africa?

Globalization

Globalization McKinsey Airlines Long-term

Brexit Could Deepen Europe’s Digital Recession

Harvard Business Review

JULY 5, 2016

” Vodaphone is considering moving its headquarters out of the UK and its CEO Vittorio Colao had told the BBC that a Brexit would preclude it from a giant new single market. The digital talent market in the UK is already tight. Scaling Up Will be Harder Without Common Platforms and a Single Market.

Safe Harbor

Safe Harbor Industry Uncertainty Crisis

Leadership Digital

Reskilling the Future of Work

Playing the Long Game: The Employee Retention Process in HR

Trending Sources

The Dangers of Digital Protectionism

Look Beyond Your "Social Media Presence"

Don’t Let Data Paralysis Stand Between You and Your Customers

Greece and Its Misguided Champions

We Need to Move Beyond the Employee vs. Contractor Debate

The Hidden Costs of Cash

Europe’s Other Crisis: A Digital Recession

The Ideas that Shaped Management in 2013

Corporate Inequality Is the Defining Fact of Business Today

The Fallacy of the "China Defense"

How Benchmarking Can Help Countries Become More Digital

Rethink Your Assumptions About Opportunity in Africa

Brexit Could Deepen Europe’s Digital Recession

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