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How to Ensure Your Organization’s Digital Transformation Succeeds

Leading Blog

This force is called creative destruction, which is the process where innovation and technology advancements are reshaping industries and business models. To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8 Nokia just couldn’t keep up.

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Learning & Development’s Role in Operational Efficiencies in 2022

HR Digest

According to Mckinsey & Company , “Leaders have an essential role to play in developing solutions to tackle these challenges.” The labor market is skewed in favor of the employee. Companies will have to develop new compliance norms, training material and such. Training Remote Managers. Employee Learning Experience.

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Why Diversity Hiring Is Important

ExactHire - Leadership

Most business owners think of diversity in the workplace in terms of the compliance regulations imposed by the federal government. In 2015, McKinsey and Company found that companies with a diverse workforce performed 15 to 35 percent better than the national industry median. Defining Diversity and Its Importance in the Workplace.

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Will Big Data Kill All But the Biggest Retailers?

Harvard Business Review

Increasingly, the largest retailers in markets across the country are employing sophisticated personalized marketing and thereby becoming the primary shopping destination for a growing number of consumers. Retail has entered the era of Big Data. The biggest retailers are investing accordingly. But it is fast becoming cannon fodder.

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How Companies Are Already Using AI

Harvard Business Review

And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. IT was using AI to resolve employees’ tech support problems, automate the work of putting new systems or enhancements into production, and make sure employees used technology from approved vendors. bribes and kickbacks).

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It’s Not HR’s Job to Be Strategic

Harvard Business Review

In its “State of Human Capital” report , McKinsey found that people in HR still largely have “a support-function mindset, a low tolerance for risk, and a limited sense of strategic ‘authorship’” — all of which has led to “low status among executive peers, no budget for innovation, and a ‘zero-defects’ mentality.”.

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A Better Metric for the Value of a Worker Training Program

Harvard Business Review

Yet workplace training is more necessary than ever, as technology and globalization continue to change the types of jobs that are available. For the last two years we have been implementing Generation, a youth employment program that is part of the McKinsey Social Initiative. And most programs have no positive effect at all.

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