Eric Jacobson

MAY 25, 2016

In order to survive over the long term and gain competitive advantage, companies must learn how to connect profoundly with the world around them -- not only with customers and stakeholders, but also with employees, local communities, politicians, and the environment itself." Today, technology is making all business activity more transparent.

Company 50

Company Competitive Advantage Open-book Long-term 50

Eric Jacobson

MARCH 14, 2022

On the flipside, CEOs whose companies rank in the top 20% of financial performance in their industries are generating 2.8 In fact, the extent to which the CEOs themselves are significant predictors of company performance is higher than at any point in history. Take the mindset of “be bold”, for example.

CEO 94

CEO Banking Learning-by-Doing McKinsey 94

Eric Jacobson

JUNE 23, 2022

On the flipside, CEOs whose companies rank in the top 20% of financial performance in their industries are generating 2.8 In fact, the extent to which the CEOs themselves are significant predictors of company performance is higher than at any point in history. Take the mindset of “be bold”, for example.

CEO 83

CEO Banking Learning-by-Doing McKinsey 83

Eric Jacobson

JANUARY 18, 2023

On the flipside, CEOs whose companies rank in the top 20% of financial performance in their industries are generating 2.8 In fact, the extent to which the CEOs themselves are significant predictors of company performance is higher than at any point in history. Take the mindset of “be bold”, for example.

CEO 65

CEO Banking Learning-by-Doing McKinsey 65

Eric Jacobson

DECEMBER 31, 2022

On the flipside, CEOs whose companies rank in the top 20% of financial performance in their industries are generating 2.8 In fact, the extent to which the CEOs themselves are significant predictors of company performance is higher than at any point in history. Take the mindset of “be bold”, for example.

CEO 65

CEO Banking Learning-by-Doing McKinsey 65

Marshall Goldsmith

DECEMBER 19, 2011

Leaders also need to "lead by example" and demonstrate this same passion. When I ask high-potential leaders why they stay with their companies, "I love working here!" One company renowned for educating its professionals has noted: "We cannot ensure your lifetime employment, but we can help ensure your lifetime employability".

McKinsey 152

McKinsey Loyalty Competitive Advantage Learning-by-Doing 152

CEO Blog

MAY 30, 2012

. ++ Book review - Sales Growth - Five Proven Strategies from the World's Sales Leaders My experience in business is that sales can make or break a company. The book is written by three McKinsey and Company partners so the analysis is clean and full of good data but dry. The strategies are: 1. Sell the way your customers want 3.

McKinsey 133

McKinsey Marketing Travel Strategy 133

CO2

APRIL 1, 2022

Every company needs a corporate purpose. want the companies they work for and buy from to have a purpose greater than profit or shareholder value. A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. Vision: Where is it going?

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

CO2

APRIL 1, 2022

Every company needs a corporate purpose. want the companies they work for and buy from to have a purpose greater than profit or shareholder value. . A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. Vision: Where is it going?

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

Chartered Management Institute

DECEMBER 2, 2013

Companies that just leave these matters for the IT department are most likely doomed. At the C-suite, businesses need not only a data analytics strategy, but a data-analytics culture, researchers from McKinsey have concluded. It can be mis-used – for example for ‘snooping’ on customers or staff. The reason?

Leadership Styles 83

Leadership Styles Human Capital Ethics McKinsey 83

Strategy Driven

JULY 13, 2011

Performance measurement typically drives much of the way a large company works. Supplementing profits with ROIC and revenue growth is a step in the right direction to ensure that the profits a business earns are actually creating value, not simply over-consuming capital that another company could better deploy.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

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.

Human Resources 52

Human Resources Chemicals Software Engineering 52

LDRLB

FEBRUARY 18, 2013

Strategy involves change because it has to adapt to competitors, technology and customers. If you change the strategy but don’t succeed in changing the company, then the strategy is wasted. Even worse, the company may not succeed in adapting in ways that allow it to grow and thrive.

Strategy 163

Strategy McKinsey Strategic Planning Fashion 163

The Idolbuster

AUGUST 8, 2012

McKinsey 7S Model. I find the McKinsey 7S framework particularly relevant model for organizational behavior. It categorizes 7 elements that together categorize a company. (See One of the biggest implications of 7S is that real change in an organization will not happen unless the shared values of the company change.

Organization 36

Organization McKinsey Organizational Behavior System 36

Harvard Business Review

FEBRUARY 20, 2018

It’s now time for business, particularly technology companies, to harness the power of technology to help turn the tide. Vocational Technical (VoTech) training programs for high school students are key to helping them specialize in in-demand technology-related fields, and be ready for the job market.

Company 8

Company Training Technology McKinsey 8

Harvard Business Review

APRIL 14, 2017

And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. My own firm released a survey recently of 835 large companies (with an average revenue of $20 billion) that predicts a net job loss of between 4% and 7% in key business functions by the year 2020 due to AI. Insight Center. The Age of AI.

Company 12

Company Survey Finance Engineering 12

Harvard Business Review

SEPTEMBER 11, 2018

This phase involved a round of interviews with people at 28 organizations across a variety of sectors, including aviation, banking, pharmaceutical, professional services, and technology. For example, meetings in the early morning or late afternoon are often difficult for parents who are racing to or from daycare drop-off.).

Career 12

Career Company Pharmaceuticals Long-term 12

Harvard Business Review

JANUARY 18, 2018

It seems beyond debate: Technology is going to replace jobs, or, more precisely, the people holding those jobs. ” And for those in manufacturing or production companies, the future may arrive even sooner. Here are four ways to think about the people left behind after the trucks bring in all the new technology.

Creativity 15

Creativity Strategy Venture Capitalist McKinsey 15

Harvard Business Review

APRIL 5, 2017

The McKinsey Global Institute, in conjunction with FCLT Global, recently released research stating that long-term-oriented companies perform better than those that focus on short-term results. FCLT and McKinsey rely on readily available and machine-readable accounting data to measure myopia.

EPS 8

EPS Metrics Depreciation Short-term 8

Harvard Business Review

MARCH 24, 2014

While retailers and cable companies moved their businesses online years ago, many insurers, struggling with legacy technology and outmoded organizational structures, are playing catch up. In a recent McKinsey survey of the digital practices of more than 30 leading U.S. Technology'

Insurance 8

Insurance Company Maturity Decentralization 8

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. Connectors in the middle.

McKinsey 8

McKinsey Human Resources Reputation Brand 8

Harvard Business Review

MARCH 12, 2013

A Facebook app called if i die lets you create a video or text message (your last words, a long-kept secret, an old score you wanted to settle, or some valuable advice, for example) that will only be published after you die. Executive Time Isn't the Infinite Resource That Companies Assume It Is (McKinsey Quarterly).

McKinsey 15

McKinsey Budgeting Proposal Cost 15

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. Sponsored by SAS.

Industry 8

Industry McKinsey Early Adopters Rate of Return 8

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 9

Media McKinsey Supply Chain Telecommunications 9

Harvard Business Review

JULY 17, 2017

Despite rapid innovations in data processing and machine learning, many businesses have yet to make the leap from the Industrial Age to the information age, and the gap between technological and organizational progress is widening. Closing this gap requires much more than short-term fixes, like adopting new technologies.

Industry 12

Industry Short-term Planning Long-term 12

Harvard Business Review

APRIL 18, 2017

Driven by a fear of losing out, companies in many industries have announced AI-focused initiatives. They will fail not because AI is all hype, but because companies are approaching AI-driven innovation incorrectly. And this isn’t the first time companies have made this kind of mistake. But there were very few early wins.

Insurance 10

Insurance Video Project Long-term 10

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

JULY 19, 2018

A recent survey by Deloitte of “aggressive adopters” of cognitive technologies found that 76% believe that they will “substantially transform” their companies within the next three years. There probably hasn’t been this much excitement about a new technology since the dotcom boom years in the late 1990s.

Project 9

Project How To Technology ROI 9

Harvard Business Review

DECEMBER 1, 2017

The researchers combined several measures of an occupation’s use of digital technology into a digital score, ranging from zero (least digital) to 100 (most digital). But just as less digitally savvy companies are struggling to keep up , less digitally savvy workers face stagnant or declining wages and uncertain prospects.

Health Care 8

Health Care Core Competence Education Technology 8

Harvard Business Review

JUNE 10, 2016

Purchasing, for example, is moving to automated bots, with 15%–20% of total spend already sourced through e-platforms. Leading companies are experimenting with what these technologies can do for them, typically around transactional processes at early stages of the customer journey. Insight Center. Sponsored by Accenture.

Development 8

Development Technology Competitive Advantage Learning-by-Doing 8

Harvard Business Review

MAY 26, 2011

A McKinsey Global Institute study unveiled at e-G8 estimated that Internet economic output is bigger than Spain and growing faster than Brazil. Web-intensive SMEs grow twice as fast, export twice as much, and are more profitable than non-Web-enabled, the McKinsey study concluded. The human side is critical to the use of technology.

McKinsey 15

McKinsey COO Technology CEO 15

Harvard Business Review

JULY 9, 2018

Finding digital talent is one of the biggest challenges facing companies today. Many companies are creating accelerators or other separate units responsible for boosting their digital capabilities. Many accelerators are located where the digital brainpower resides — often in cities where the companies themselves are not located.

Bottom-up 9

Bottom-up Operations Training Efficiency 9

Harvard Business Review

JANUARY 25, 2013

If some of the buzz is any indication — and I believe it will be — it's a concept that will gain a lot of traction this year as more companies look for ways to better manage dwindling natural resources and more consumers demand action on environmental issues. How do you begin to address those? It's a huge challenge.

Company 9

Company Apparel Engineering Welch 9

Harvard Business Review

JANUARY 3, 2017

Many business models that make extensive use of digital technology have network-type properties. People flock to Facebook, for example, because most of their friends and family are on it, which in turn allows Facebook to collect a large amount of data about us, and attract advertisers. That is because networks are rarely exclusive.

McCallum 12

McCallum Competitive Advantage Business Model Consultative 12

Harvard Business Review

AUGUST 15, 2014

It’s become commonplace for observers to tout the transformative potential of digital technologies and bemoan the allegedly slow pace at which companies support these initiatives. Both cite a McKinsey survey which, ironically, found that “Organizations’ efforts to go digital. See, for example, “Is Google Making Us Stupid?

Media 10

Media ROI McKinsey Survey 10

Harvard Business Review

MARCH 24, 2011

What makes the matter fascinating to industry watchers, approximately their equivalent of the Charlie Sheen supernova, is that Gupta served three terms as managing director of McKinsey & Co., There has been no suggestion that Gupta betrayed any client confidences in his McKinsey days. from 1994 to 2003. These are not criminal charges.

McKinsey 14

McKinsey Consultative Waterman Intellectual Capital 14

Harvard Business Review

APRIL 1, 2016

Companies do need assets like computers, servers, networks, and software, but those purchases are just the start. Recent research from the McKinsey Global Institute (MGI) looked at the state of digitization in sectors across the U.S. economy and found a large and growing gap between sectors, and between companies within those sectors.

Industry 8

Industry Benchmarking Supply Chain Health Care 8