Leading Blog

OCTOBER 3, 2019

McKinsey alums Charles Conn and Rob McLean teach us how to be bulletproof problem solvers using a simple 7-steps approach. In the book they apply the process to individual problems such as, “Should I put solar panels on my roof?,” “What career should I choose?,” Business examples range from “Should my startup raise its prices?”

Disaggregation 220

Disaggregation Analysis McKinsey Process 220

CoachStation

AUGUST 26, 2022

Developing the skills to engage team members is important. As a leader you are obligated to develop your skills to influence and support each and every team member. Every employee has to own their development and situation too. The fact that you are taking the time to read this blog is a positive example.

Motivation 130

Motivation McKinsey Attrition Influence 130

N2Growth Blog

SEPTEMBER 28, 2020

These Human Resource leaders represent the top 25 human resources leaders shaping careers, culture, and talent at the world’s most innovative people driven companies. Take stock of the progressive development plans and programs they’ve made available to the workforce. and a development manager at Oracle Corp.

Human Resources 469

Human Resources Globalization Resources Diversity 469

Lead Change Blog

MARCH 19, 2020

McKinsey & Company’s research suggests that 70 percent of change efforts fall short of their objectives or fail altogether. For example, a healthcare provider might define a patient no-show problem as: “One-sixth of our patients don’t show up for their appointments due to the lack of an automated reminder system.”.

Due Diligence 211

Due Diligence Cost-Benefit Analysis Proposal How To 211

HR Digest

NOVEMBER 20, 2020

Updated skills are the currency for future-proofing your career. Reskilling refers to learning new skills for a job switch or career pivot. Behaviors like emotional intelligence, communication, and adaptability are examples. Coding, budgeting, and marketing operations are examples. Business development.

Skills 145

Skills Emotional Intelligence CFO Power 145

Strategy Driven

OCTOBER 25, 2019

Agility is defined by McKinsey & Company as “… the ability of an organization to renew itself, adapt, change quickly, and thrive in an environment characterized by rapid change, ambiguity, and turbulence.” Take inventory management, for example. 4 They Focus More on Developing Leadership Than Managing Staff.

Agility 50

Agility Process Management McKinsey 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. Here we bring you examples of some professional women’s well paid jobs where they are gaining traction and are earning well: Pharmacists. Software Developers.

Human Resources 52

Human Resources Chemicals Software Engineering 52

Marshall Goldsmith

JUNE 16, 2013

For example, we assume our doctors know medicine, so we judge them on their bedside manner. What if you had to prepare a resume where you couldn’t highlight the elite college you graduated from, or your five years at McKinsey, or even your title at your current job? And start developing it. You see where I’m going?

Chemicals 133

Chemicals Welch CFO CEO 133

Persuasive Powerhouse

JANUARY 19, 2011

He has been a tank platoon leader, a McKinsey consultant, a senior executive, and now runs thoughtLEADERS – a leadership development and training firm. Not sure where this was instilled in my work life but is always a factor when starting a new job/career at a company. Develop yourself – and if you can, develop others.

Training 257

Training Blog Greenleaf Maslow 257

Harvard Business Review

SEPTEMBER 27, 2018

When thinking about how to develop in our careers, most of us tend to focus on promotions, projects, courses, certifications. We typically spend at least two decades in our formal education and, in developed countries, hundreds of thousands of dollars. BRENDAN SMIALOWSKI /Getty Images.

Career 14

Career Drucker Guidelines Conference 14

Harvard Business Review

OCTOBER 24, 2018

Over the past year we have been writing the HBR Leader’s Handbook — a primer for aspiring leaders who want to take their careers to the next level. We also explored several decades of research on that subject published in HBR; and we reflected on our own experience in the area of leadership development.

Skills 15

Skills McKinsey COO Handbook 15

Harvard Business Review

MARCH 22, 2012

The ability to acquire and develop multicultural talent is becoming a critical competitive advantage for multinational and national companies alike. But this passive dynamic of lucky individuals capitalizing only on windfalls of circumstance has changed, with the new paradigm rewarding self-development just as much as birthright.

Globalization 10

Globalization Development Short-term Career 10

Harvard Business Review

JANUARY 22, 2015

Despite studies showing that succession is an essential part of strategic planning, many companies ignore leadership development to focus on more immediate challenges. But your organization’s future success depends on identifying and developing the next generation of its leaders. For example, when a U.S.

Leadership Development 8

Leadership Development Development Leadership Leadership Pipeline 8

Harvard Business Review

FEBRUARY 20, 2018

Generation , a 3-year old non-profit created by McKinsey, uses a bootcamp model to train and place underserved youth in careers in over 63 cities and across 20 professions. So now we need to retrain workers mid-career. Prior technology transformations in the workforce have taken place across generations.

Company 8

Company Training Technology McKinsey 8

Harvard Business Review

AUGUST 29, 2017

According to a recent McKinsey Global Institute report , the number of people in the global labor force will reach 3.5 Our ways of thinking about careers, colleagues, and collaboration will need to become more flexible and adaptable. Aspiring to a global career. Photo by Christine Roy. It consists of five key actions.

Succession 14

Succession Globalization Tacit Knowledge GDP 14

Harvard Business Review

JANUARY 5, 2018

For example, in 2009 professors Brian Becker, Mark Huselid, and Richard Beatty estimated that in most companies less than 15% of jobs are what they call strategic positions and said management should focus “disproportionate investments” on finding A players for those jobs. These overlooked roles are: Essential experts.

McKinsey 8

McKinsey Human Resources Reputation Brand 8

Harvard Business Review

DECEMBER 30, 2015

Most career advice today encourages us to move forward passionately, intentionally, boldly — and above all, quickly. Career coaches don’t make a lot of money from encouraging people to “get ahead slowly.” ” However, in terms of fulfilling our long-term goals for career success, patience can be an asset.

Long-term 8

Long-term Career Survey CEO 8

Harvard Business Review

DECEMBER 20, 2011

After all, as Leonhardt points out, many top business school graduates start their careers with large consulting firms. Of course there is no absolute answer to this question, and examples can be cited to support either side. For example, McKinsey alumni Lou Gerstner and Jeff Skillings both went on to lead large corporations.

Consultative 15

Consultative Management Welch Objective 15

Harvard Business Review

NOVEMBER 8, 2018

Peer-to-peer learning can be a powerful development tool that breaks through some common barriers to skill-building — and it has other benefits as well. For example, when Kelly was in charge of learning at LinkedIn, her team created a peer-to-peer learning program designed around the company’s key corporate values.

How To 11

How To Participative Construction Learning-by-Doing 11

Harvard Business Review

FEBRUARY 14, 2017

The United States has thousands of workforce development and training programs, run by the public, social, and private sectors. In a dynamic economy workers are expected to adapt, to change not just jobs but sometimes careers, to pick up new skills when necessary. Here’s an example. Some are excellent; others, not so much.

Metrics 9

Metrics TCO Training Cost-Benefit Analysis 9

Harvard Business Review

AUGUST 15, 2012

As an anecdote, McKinsey Quarterly offers a starter kit of sorts for developing an organizational point of view on risk that should inform the way executives make decisions. To begin, say Tim Koller and two co-authors, up the ante on risky projects. Summer is a great time to be nosy.

Exit Strategy 14

Exit Strategy How To McKinsey Project 14

Harvard Business Review

JULY 17, 2017

and the EU15 is doing some type of independent work, according to the McKinsey Global Institute , and 42% of U.S. For example, a company may hire an accounts payable professional to help cover a particularly busy time period or to backfill for someone on leave. Appeal to what contractors want from their careers.

Real Estate 8

Real Estate Health Care Analysis Survey 8

Harvard Business Review

JUNE 30, 2017

When it comes to training and workforce development, lots of them. The business model of Generation, a youth employment nonprofit founded by McKinsey & Company, where we both work, is based on that assertion. For example, in the U.S. Almost half (49%) said that it was difficult to ensure a return on investment (ROI).

Training 9

Training ROI Attrition Metrics 9

Harvard Business Review

MAY 8, 2015

Careers are very personal things. She decided it was time for a career change and began to brainstorm ideas on her own, seeking advice from friends, and even meeting with a jobs counselor. Or what the vacation policy is like at McKinsey? Crowdsourcing helped her figure out she should stay put. The crowd can tell you.

Strategy 8

Strategy Advice McKinsey Career 8

Harvard Business Review

JULY 20, 2016

Over the course of my career, I’ve spent countless hours talking to and hearing from leaders around the world. Japan’s educational institutions and cultural work ethic give its managers a jump-start in their careers, but most companies don’t continue the development process as far as it could go.

Drotter 8

Drotter Charan Leadership Pipeline Short-term 8

Harvard Business Review

APRIL 14, 2014

“It’s how it will position you for the next step of your career.” ” But when Bidwell and his co-authors took a long view of how people choose and then manage their careers over time, a couple of interesting things started to happen. Vanguard) pays about 15 percent more for employees at the VP level.”

Competitive Advantage 8

Competitive Advantage Reputation Banking Career 8

Harvard Business Review

MARCH 15, 2016

To this end, McKinsey conducted extensive qualitative and quantitative research of more than 2,400 interviewees. This research was done in the context of McKinsey and Facebook’s partnership to launch a program called TechPrep. Between the ages of 18 and 25, young men’s social circles develop in such a way that they are 1.5

Industry 8

Industry Diversity Class Engineering 8

Harvard Business Review

SEPTEMBER 27, 2018

For example, Eton appoints its House Masters for 13 years, has a two-year handover between one master and the next, and the old master then stays at Eton for five-plus years to continue offering advice and support. As the RCA explained, “We don’t want too many “career academics,” who only work with us.

Organization 10

Organization Learning-by-Doing Open-book McKinsey 10

Harvard Business Review

JANUARY 1, 2014

Rahul and Noelle both made the transition into public service through Fuse Corps—a social sector start-up launched in 2011 with the support of companies like McKinsey, GE, and Starbucks to provide a pathway for talented professionals who wish to contribute to the public sector but don’t know where to begin. Just think about the U.S.

Entrepreneur 8

Entrepreneur Politics Budgeting Policies 8

Harvard Business Review

NOVEMBER 7, 2012

Here are three that I think are really important, with a couple of company examples for each one. Consider, for example, the UK software company, Red Gate. Some pharmaceutical scientists will spend an entire career working on drug development without a single one of their products reaching the market.

Company 8

Company Stage-Gate Innovation Bureaucracy 8

Harvard Business Review

DECEMBER 16, 2015

In a 10-year McKinsey study cited in this HBR article , top executives reported being five times as productive in a flow state. For example, we let people decide whether they want to become managers or remain individual contributors. That’s not entirely crazy. You don’t have to manage to move up.

Learning-by-Doing 8

Learning-by-Doing McKinsey Hotels Engineering 8

Harvard Business Review

JULY 10, 2015

Consider the power dynamic between candidates and employers, for example. The idea is that if you’re a valuable employee, the company wants to get as many years as they can out of your career — and those years may not all be in a row. And the market is constantly changing.

Short-term 8

Short-term McKinsey Long-term Open-book 8

Harvard Business Review

MARCH 27, 2012

I once hired a McKinsey consultant into a country manager role in a developing region. Today's headlines might tell us we're suffering through a jobs crisis, at least in the developed world. The sweet spot of development or high achievers is when you have a 50-70% chance of success. Challenge yourself just enough.

Positioning 11

Positioning Social Capital McKinsey Globalization 11

Harvard Business Review

MARCH 23, 2015

A great mentor of mine, Tsun-yan Hsieh, was one of the foremost leaders at McKinsey. Over 30 years, he shaped a large part of its people development program, and taught me the framework of “common values and common standards.” Will it mean that you expect employees to follow a certain promotion path and career timeline?

Company 8

Company Self-aware Long-term Mission Statement 8

Harvard Business Review

DECEMBER 20, 2012

That's some 80,000 hours during a career — more time than you will spend with your kids probably. Many MBA graduates flock to McKinsey, BCG and other consultancies so that they can rapidly acquire valuable skills. For example, entrepreneurs frequently go into business by themselves so that they can be their own boss.

Self-aware 9

Self-aware McKinsey Learning-by-Doing Airlines 9

Harvard Business Review

FEBRUARY 1, 2018

They can block the advancement and development of your most talented people, who will question your credibility as their leader. Wouldn’t you become a better leader by taking on their personal development? Be candid about career consequences if they don’t change. But might there be ways to rejuvenate some of them?

Motivation 8

Motivation Learning-by-Doing Short-term Skills 8

Harvard Business Review

DECEMBER 22, 2016

Obama nominated Robert McDonald , an Army veteran and experienced executive who had honed his leadership skills during a 33-year career at Proctor and Gamble, to attempt the difficult turnaround. The fallout was dramatic: the Secretary of Veterans Affairs resigned and the FBI initiated a criminal investigation.

Six Sigma 8

Six Sigma Learning-by-Doing Crisis Kotter 8