Chartered Management Institute

DECEMBER 2, 2013

They can sound geeky, but they are developments that every manager needs to understand. 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

Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art. This example also speaks to the obligation of management and boards to challenge high-performing units as much as they challenge those that are troubled.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

The Idolbuster

AUGUST 8, 2012

McKinsey 7S Model. I find the McKinsey 7S framework particularly relevant model for organizational behavior. Let me give you an example. The company had become large enough that the ad-hoc decision making was no longer effective, and product development was impeded by political infighting. See the image).

Organization 36

Organization McKinsey Organizational Behavior System 36

Harvard Business Review

SEPTEMBER 13, 2017

And as innovation brings self-driving cars, electric vehicles, in-vehicle data connectivity, mechanisms for sharing rides and vehicles, and other technologies to more people, getting around cities will become easier, faster, and safer. million deaths in 2015 ), and air pollution (health problems like respiratory ailments).

Transportation 11

Transportation Technology GDP Policies 11

CO2

APRIL 1, 2022

A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. For example, they preferred brands that shared their values and treated employees well. Corporate Purpose Example: Salesforce – Salesforce understands its role in our changing world.

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

CO2

APRIL 1, 2022

A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. For example, they preferred brands that shared their values and treated employees well. Corporate Purpose Example: Salesforce – Salesforce understands its role in our changing world.

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

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. Operations in a Connected World.

Development 8

Development Technology Competitive Advantage Learning-by-Doing 8

Harvard Business Review

JANUARY 18, 2018

It seems beyond debate: Technology is going to replace jobs, or, more precisely, the people holding those jobs. Here are four ways to think about the people left behind after the trucks bring in all the new technology. ” The point of technology, she argues, is to boost productivity, not cut the workforce.

Creativity 15

Creativity Strategy Venture Capitalist McKinsey 15

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

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

Leading Blog

AUGUST 3, 2018

N EW TECHNOLOGIES are shifting the way we work and interact. Jobs are being eliminated, and industries are being disrupted as we try to come to grips with how this technology is changing us and how we can use it. By concentrating on convincing people faster with fewer words, you are building a unique skill.” – The McKinsey Edge.

Open-book 218

Open-book Storytelling McKinsey Maturity 218

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

But some 70% of the extra profit to be made through social technologies has nothing to do with marketing. Examples of enterprise social-technology use are cropping up all the time: TD bank relies on a social network for employee communication, and at Unisys, social communities provide specialized expertise to resolve technical problems.

Media 9

Media McKinsey Supply Chain Telecommunications 9

Harvard Business Review

APRIL 18, 2017

Already, evidence suggests that early AI pilots are unlikely to produce the dramatic results that technology enthusiasts predict. For example, early efforts of companies developing chatbots for Facebook’s Messenger platform saw 70% failure rates in handling user requests.

Insurance 10

Insurance Video Project Long-term 10

Harvard Business Review

AUGUST 30, 2018

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. The draft bill has generated much debate, including some concern from global technology giants as well as Nasscom, India’s IT industry body.

Supply Chain 9

Supply Chain Globalization GAAP Policies 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). A study by the OECD rated most adults “low proficiency” in terms of their ability to work in “technology-rich environments.”

Health Care 8

Health Care Core Competence Education Technology 8

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 13

McCallum Competitive Advantage Consultative Business Model 13

Harvard Business Review

FEBRUARY 22, 2011

We were struck by the assumption made by an article in The McKinsey Quarterly this month. Thus, as the McKinsey Global Institute team states, and its analysis of 80 years of data shows, "over the long term. Yet, as obviously logical as that finding turns out to be, McKinsey was right to frame it as counterintuitive.

McKinsey 14

McKinsey Efficiency Long-term Analysis 14

Harvard Business Review

JULY 9, 2018

Because these firms tend to have slim margins and cannot pay Silicon Valley salaries, many have had to get creative in their recruiting and employee development. Digital transformation involves much more than adopting additional technology — it is a deeply rooted managerial challenge.

Bottom-up 9

Bottom-up Operations Training Efficiency 9

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 11

Media ROI McKinsey Survey 11

Harvard Business Review

FEBRUARY 2, 2015

This is the kind of technology—and the type of firm—that will make renewable energy more efficient and more cost-effective. Indeed, in a world where globalization and rapid technological changes are the norm, manufacturing, high-tech development, and innovation clearly require a different level of support.

Industry 8

Industry McKinsey Engineering Innovation 8

Harvard Business Review

FEBRUARY 5, 2018

The catch is that adopting these technologies will disrupt the world of work. New research by the McKinsey Global institute suggests that roughly 15% of the global workforce could be displaced by 2030 in a midpoint scenario, but that the jobs likely created will make up for those lost. Other options are also less than desirable.

GDP 8

GDP Globalization Short-term McKinsey 8

Harvard Business Review

SEPTEMBER 11, 2012

When we launched the Harvard Business Review/McKinsey M-Prize for Management Innovation last year, we aimed to enlist the most progressive practitioners and thinkers in the collective effort of reinventing what we call "the technology of human accomplishment." See the Proposed Challenges for examples.). Proposed Challenges.

Innovation 8

Innovation McKinsey Management Proposal 8

Harvard Business Review

AUGUST 21, 2012

Social technologies — the software and services that make it possible to show off your vacation pictures to all your Facebook friends and follow your favorite team tweet by tweet — are not just giant time sinks that keep your employees from getting their work done. trillion annually.

Media 16

Media Productivity Products Technology 16

Harvard Business Review

APRIL 1, 2016

Recent research from the McKinsey Global Institute (MGI) looked at the state of digitization in sectors across the U.S. The results show uneven progress: The technology sector comes out on top — no surprise there. Their underlying business processes make use of social technologies to interact with customers and partners.

Industry 8

Industry Benchmarking Supply Chain Health Care 8

Harvard Business Review

OCTOBER 30, 2014

McKinsey research shows that companies with advanced marketing and sales capabilities tend to grow their revenue two to three times more than the average company within their sector. That starts with developing a deep understanding of how customers behave and make decisions. Create a technology engine that powers the front lines.

Marketing 11

Marketing Guidelines B2C Analysis 11

Harvard Business Review

MAY 9, 2012

After Barbara Minto joined McKinsey as the firm's first ever female consultant, she found that many management consultants had trouble communicating information effectively. She developed the Minto Pyramid Principle to help colleagues structure their writing, and after gaining support within McKinsey, took the framework to other firms.

Minto 14

Minto How To McKinsey Software 14

Harvard Business Review

OCTOBER 23, 2017

Fortunately, the proliferation of digital communication data and the advancement of sensor technology have enabled us to more precisely measure workplace behavior. For example, consider female mentorship programs that try to connect high-potential women with management. But this isn’t happening.

McKinsey 15

McKinsey Survey Content Company 15

Harvard Business Review

JANUARY 31, 2013

First we see major shifts in demand: developing economies such as China and India are morphing from the world's source of low-cost manufacturing capacity to the world's best market opportunities. They will not, it must be noted, alter how the role of manufacturing evolves as economies develop.

Globalization 9

Globalization Supply Chain Pharmaceuticals McKinsey 9

Harvard Business Review

DECEMBER 24, 2013

McKinsey may have been hired in 2013 by the Vatican, the Bank of England, and the owners of the Rangers and Knicks, but they’re also acting to stave off threats to their business model. Technology offers real hope for Africa’s economic future. Imagine a Future Where Africa Leapfrogs Developed Economies.

Management 20

Management Health Care Middle Management Agility 20

Harvard Business Review

JUNE 30, 2011

To spot transformational trends early, companies need to follow the guidance of Wharton professor George Day and long-time McKinsey & Co. Young customers often are the first to snatch up new technologies because they don't have to unlearn engrained behaviors. Start with peripheral customers.

Trends 13

Trends McKinsey Constraint Industry 13

Harvard Business Review

JANUARY 12, 2018

Marketing and sales, manufacturing, recruiting (including people assessment), customer service, and support are all fields that can benefit from artificial intelligence according to McKinsey’s recent research. The reasons for this potential disruption now are many: There is an explosion in the amount of corporate data. ZB by 2020.

Consultative 8

Consultative Strategy Advice McKinsey 8

Harvard Business Review

DECEMBER 14, 2015

At McKinsey, we are conducting our own research into the impact of automation on jobs and organizations and recently published a brief paper previewing some of our findings. Take, for example, the role of a marketing manager or executive in a consumer products company.

Osborne 8

Osborne Technology McKinsey Marketing 8

Harvard Business Review

DECEMBER 21, 2016

But, according to McKinsey research , only 16% of merger reorgs fully deliver their objectives in the planned time, 41% take longer than expected, and in 10% of cases, the reorg actually harms the newly-formed organization. To help maximize the value and minimize the misery of reorgs, we have developed a five-step process for running them.

Process 8

Process McKinsey Due Diligence Cost 8

Harvard Business Review

OCTOBER 16, 2014

In early research , McKinsey emphasized that the distinctive character of the Internet of Things — which is predicted to be a $7.1 An offering from New England Biolabs offers one example. To solve the problem, New England Biolabs developed an IoT enzyme freezer to replace its conventional one.

Hammer 9

Hammer Fashion Sample Information Technology 9

Harvard Business Review

OCTOBER 31, 2014

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.”. labor force by 2025.

Human Capital 14

Human Capital Charan Human Resources Cost 14

Harvard Business Review

APRIL 14, 2017

Even the near-term outlook has been quite negative: A 2016 report by the Organization for Economic Cooperation and Development (OECD) said 9% of jobs in the 21 countries that make up its membership could be automated. And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. Insight Center. The Age of AI.

Company 13

Company Survey Finance Engineering 13