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How to Ensure Your Organization’s Digital Transformation Succeeds

Leading Blog

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 These transformations typically involve a profound change in how a business operates, encompassing people, process, and technology. This raises some pertinent questions.

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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.” Companies will have to develop new compliance norms, training material and such. Operations Before Experiences. Training Remote Managers. Such partnerships can provide endorsement for the brand.

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How to Tie Executive Compensation to Sustainability

Harvard Business Review

Compensation committees often start by tying bonuses and long-term incentives to goals related to compliance and risk management. That doesn’t mean companies should abandon traditional strategies for reducing costs, mitigating risks, and preserving a “license to operate.”

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Will Big Data Kill All But the Biggest Retailers?

Harvard Business Review

A McKinsey study released in May 2011 stated that, by using Big Data to the fullest, retailers stood to increase their operating margins by up to 60% — this, in an industry where net profit margins are often less than 2%. Independent retailers are savvy operators and are eager to join the fray if given the opportunity.

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What It Will Take to Fix HR

Harvard Business Review

This transformation took time to play out and involved both displacements of incumbents operating in outdated modes and the emergence of new “feeder” roles for those aspiring to the C-suite. Lynanne Kunkle, VP-Global Talent Development and HR-Asia for Whirlpool, is a case in point. Bring on the quants.

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A Better Metric for the Value of a Worker Training Program

Harvard Business Review

For the last two years we have been implementing Generation, a youth employment program that is part of the McKinsey Social Initiative. For example, once Generation managers realized the power of CPED, they used it to make operational improvements. We have come to this realization the hard way — through experience.

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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%. For example, only 2% are using artificial intelligence to monitor internal legal compliance, and only 3% to detect procurement fraud (e.g., In stark contrast, very few of the companies we surveyed were using AI to eliminate jobs altogether.

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