HR Digest

JULY 28, 2021

In a recent McKinsey Global Survey on the future of workforce needs, nearly nine in ten executives and managers say their organizations either face skills gap already or expect gaps to develop within the next five years. According to McKinsey, AI and automation will displace between 400 million and 800 million individuals by 2030.

McKinsey 134

McKinsey Aggregate Demand Industry Crisis 134

Leading Blog

JANUARY 9, 2019

Authors Acha Leke, Mutsa Chironga and Georges Desvaux of McKinsey and Company, take a different view in Africa’s Business Revolution. They say business leaders tend to “underestimate Africa’s size and potential as a market, and overestimate the challenges of doing business there.”. Africa is the next growth market.

How To 254

How To Long-term Short-term Business Model 254

CoachStation

AUGUST 26, 2022

Employee discretionary effort and focus are being challenged for many reasons, including the labour market and working from home. Developing the skills to engage team members is important. The risk of not getting leadership and culture ‘right’ are significant. It won’t always be like this, however.

Motivation 130

Motivation McKinsey Attrition Influence 130

Lead on Purpose

AUGUST 14, 2009

Today’s post is a link to Stewart Rogers ‘ blog the Strategic Product Manager , which contains several great leadership quotes from McKinsey. Take a few minutes and learn about Leadership Lessons from McKinsey. Take a few minutes and learn about Leadership Lessons from McKinsey.

Rogers 100

Rogers McKinsey Leadership Taylorism 100

Lead Change Blog

OCTOBER 4, 2017

Research conducted by McKinsey and Company found the customer experience, the more likely they will be to return and directly refer you to others. And, certainly not if you want to build a devoted customer base that will become avid extensions of your sales and marketing departments. He can be reached at Jamey@fpg.com.

Customer Loyalty 228

Customer Loyalty Forrester Loyalty McKinsey 228

Coaching Tip

MAY 7, 2012

Business and government leaders have been talking for decades about advancing more women to top leadership and professional roles. When McKinsey & Co. asked senior executives at 60 big companies recently why they are trying to advance women, "they laughed at us," says Dominic Barton, McKinsey's global managing director.

McKinsey 112

McKinsey Leadership Career Diversity 112

Great Leadership By Dan

DECEMBER 6, 2011

I like to look below the hood of these rankings, to see if there's anything new to learn when it comes to leadership development. The companies that excel in leadership development do it better than the rest because they believe in it and take it seriously. McKinsey and Company. McKinsey and Company.

Globalization 229

Globalization Company McKinsey Leadership Development 229

HR Digest

NOVEMBER 20, 2020

Workers who adapt and grow with the organization in a time of accelerated change will be able to launch products and services that meet market needs. When I was a technology marketing exec in 2009, I heard the words nurture marketing. When I was a technology marketing exec in 2009, I heard the words nurture marketing.

Skills 145

Skills Emotional Intelligence CFO Power 145

Chartered Management Institute

AUGUST 2, 2023

One Chartered Manager has developed a way to measure and monitor EDI Equality, diversity and inclusion (EDI) has been at the forefront of board agendas for several years, and rightly so. Interview At CMI, we’re hugely privileged to have contributed to many people’s management and leadership journeys.

Metrics 52

Metrics KPI Diversity Long-term 52

Lead Change Blog

OCTOBER 4, 2017

Research conducted by McKinsey and Company found the customer experience, the more likely they will be to return and directly refer you to others. And, certainly not if you want to build a devoted customer base that will become avid extensions of your sales and marketing departments. He can be reached at Jamey@fpg.com.

Customer Loyalty 150

Customer Loyalty Forrester Loyalty McKinsey 150

Great Leadership By Dan

JUNE 11, 2020

According to McKinsey , many CEOs struggle to identify people good at innovation -- the “intrapreneurs” within their organizations who possess the rare mix of skills, motivation and attitude to successfully bring new ideas to market. Innovation is about embracing challenges to develop new insights. Why is that?

Innovation 227

Innovation Team How To Uncertainty 227

Leading Blog

MARCH 24, 2017

The market is shifting. McKinsey reports that eight out of ten time strategists focus on known hypothesis—opportunities that have been examined in the past or are already evident. Now unless you tell me that you have used data analytics in order to find a new product ground, a new design, and a new market, you are not strategic.

Agility 157

Agility Uncertainty Competitive Advantage McKinsey 157

Skip Prichard

AUGUST 2, 2019

I had the opportunity to speak with Charles Conn and Robert McLean, two McKinsey alums who share a seven-step systematic approach to creative problem solving that will work in any field or industry. As a consequence of accelerating change, the old model of managerial skill development and application is no longer effective.

Disaggregation 81

Disaggregation McKinsey Skills Gordon 81

The Horizons Tracker

MARCH 15, 2022

Indeed, McKinsey recently argued that one of the few plus points from the pandemic was it reinforced the importance of building change capabilities within our organizations. The importance of organizational agility was reaffirmed in a second report , from the Institute for Management Development’s (IMD) Future Readiness Centre.

Company 105

Company Hofstede Supply Chain Agility 105

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. The founder who started the company might still be involved, and their presence and leadership help the purpose remain clear. Too often, the focus turns to profit.

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. The founder who started the company might still be involved, and their presence and leadership help the purpose remain clear. Too often, the focus turns to profit.

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

LDRLB

OCTOBER 4, 2011

Bob Lieberman is a business leadership consultant based in the Pacific Northwest. And as usual, the illustrations come from new product development and business strategy. McKinsey Quarterly (free subscription). This is guest post from Bob Lieberman. You can find more at [link]. You can find more at [link].

Wilde 101

Wilde Innovation Resistance Leadership 101

LDRLB

OCTOBER 4, 2011

Bob Lieberman is a business leadership consultant based in the Pacific Northwest. And as usual, the illustrations come from new product development and business strategy. McKinsey Quarterly (free subscription). This is guest post from Bob Lieberman. You can find more at [link]. You can find more at [link].

Wilde 90

Wilde Innovation Resistance Leadership 90

Strategy Driven

MARCH 3, 2020

The results from a new McKinsey Global Survey confirm the positive effects of talent management on business outcomes. Unfortunately, many talent plans were written at a time when the labor market wasn’t nearly as tight as it is today. When’s the last time your company created a talent strategy? Three years ago? Five years ago?

Strategy 66

Strategy Company Talent Management McKinsey 66

ExactHire - Leadership

JUNE 3, 2022

According to McKinsey , companies succeeding at diversity are 35 percent more likely to enjoy profit margins above the median for their industry. While that may seem like a nebulous requirement for an employer, it’s clear your company needs to develop a culture that humanizes your employees in order to attract new graduates.

Company 98

Company Diversity Career Quality 98

Skip Prichard

MAY 22, 2019

Chris spearheads Adobe Creative Cloud strategic development partnerships. In this world of product and pricing parity, the delivery of superior service experience has become the new marketing, and the new real competitive edge. McKinsey: AI is advancing 10 times faster and at 300 times the scale of the Industrial Revolution. .

Content 93

Content Innovation Creativity McKinsey 93

Marshall Goldsmith

FEBRUARY 8, 2018

Jim Kim (President of the World Bank), Peter Drucker (founder of modern management), Paul Hersey (noted author, teacher, and personal mentor of mine), and Warren Bennis (one of the world’s greatest leadership thinkers of his time). Has been recognized as the World’s #1 Leadership Thinker. Co-founder Partners in Health.

Executive Coaching 70

Executive Coaching CEO Magazine Banking 70

ExactHire - Leadership

JUNE 3, 2022

According to McKinsey , companies succeeding at diversity are 35 percent more likely to enjoy profit margins above the median for their industry. While that may seem like a nebulous requirement for an employer, it’s clear your company needs to develop a culture that humanizes your employees in order to attract new graduates.

Company 52

Company Diversity Career Quality 52

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. It turned out that the unit was driving profits by raising prices and cutting marketing and advertising expenditures. Copyright (c) 2011. About the Authors.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

Strategy Driven

NOVEMBER 22, 2016

Below I’ve listed a few stakeholders and corresponding Core Ideas to pitch to them regarding the European market entry: VP of Sales: “We should enter the Italian and German markets because we can generate $XMM in sales.”. I’m making a pitch for entering the Italian and German markets no matter who my stakeholder is.

Metrics 50

Metrics CFO Chief Financial Officer Marketing 50

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. There is no point developing vast systems that gather deep information that is rarely, or ineffectively used.

Leadership Styles 83

Leadership Styles Human Capital Ethics McKinsey 83

Marshall Goldsmith

MAY 19, 2013

” The traditional hierarchical model of leadership will not work effectively for major organizations in tomorrow’s changing world. However, as leaders in the new AT&T now realize, the old command-and-control model of leadership will not encourage the creativity and responsiveness needed to get tomorrow’s job done.

Follow-up 147

Follow-up Learning-by-Doing Wireless Drucker 147

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

The Horizons Tracker

AUGUST 27, 2019

The analysis revealed a profound bifurcation in the job market, with the split dividing the low-skill and low-wage jobs from the high-skill and high-wage senior positions. “Lower-wage jobs are often advertised on large job sites, such as Monster.com,” the researchers explain.

Diversity 51

Diversity Class Education Analysis 51

Strategy Driven

JULY 23, 2015

We call that second piece 'leadership capital.' The result of those comparisons is the Leadership Matrix (or 'the box' for short). Those are the outcomes to assess when placing team members on the Leadership Matrix. That new look at the 'how' of their results will help you coach and develop them more effectively.

Team 50

Team Competitive Advantage McKinsey Energy 50

Harvard Business Review

OCTOBER 24, 2018

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. Take the case of Dominic Barton, who served as the Global Managing Director of McKinsey & Company from 2009-2018. Focus on measurable results.

Skills 15

Skills McKinsey COO Handbook 15

ExactHire - Leadership

MAY 5, 2021

In 2015, McKinsey and Company found that companies with a diverse workforce performed 15 to 35 percent better than the national industry median. McKinsey followed up with a 2018 report that echoed the finding of the first: diversity is good for the bottom line. Include minorities in your company’s marketing campaigns.

Diversity 111

Diversity Compliance McKinsey Bottom-up 111

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. The need for multicultural leadership is great and growing. But one must recognize that passively relying on company leadership development programs and training alone may be insufficient.

Globalization 11

Globalization Development Short-term Career 11

Harvard Business Review

JUNE 29, 2016

The impact of “social entrepreneurs” — individuals who deploy innovation and market forces to fill social needs — is growing. The research, conducted with analytical support from McKinsey and funding from Omidyar Network, included interviews with 37 investors and 10 social enterprise leaders.

Entrepreneur 15

Entrepreneur Glocalization Survey McKinsey 15

Harvard Business Review

MAY 22, 2012

A new McKinsey study (PDF) reports statistically what we already knew from personal experience: that mid-career and senior women tend to be found disproportionally in staff jobs, or "pink ghettos," relative to men. according to the same McKinsey report). They put in mentoring programs, and women's networks and leadership courses.

McKinsey 12

McKinsey Mentor Diversity Report 12

Leading Blog

NOVEMBER 3, 2023

A study by McKinsey specific to the business-to-business (B2B) area suggests that businesses that optimize QTC for end-to-end accountability significantly outperform peers that don’t. Assign a leader to this organization and establish a leadership team to support that person. logistics, and finance. finance, I.T.,

Industry 269

Industry Stage-Gate Organization Company 269

HR Digest

SEPTEMBER 21, 2023

McKinsey reported that working mothers were 1.5 McKinsey ’s survey also showed that working mothers were 6 percent more likely to be dealing with mental health concerns than their male counterparts. times more likely to spend 3 additional hours on their household responsibilities than working fathers.

GDP 98

GDP McKinsey Participative Report 98