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Are You Ready for Recovery?

Leading Blog

A S a McKinsey & Company article stated in late March 2020: “What leaders need during a crisis is not a predefined response plan but behaviors and mindsets that will prevent them from overreacting to yesterday’s developments and help them look ahead.”. Here is one example from a leader. Involve More People.

McKinsey 298
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Big Data, Big Opportunity

Chartered Management Institute

At the C-suite, businesses need not only a data analytics strategy, but a data-analytics culture, researchers from McKinsey have concluded. It often helps if the executive in charge is not from IT, but from operations or marketing, and that there are close links with customer-facing and other operational roles.

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Robo-Advisers Are Coming to Consulting and Corporate Strategy

Harvard Business Review

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. Companies are both operators and investors. In fact, it is doubling every 14 months and it will reach 10.5 ZB by 2020.

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6 Rules for Building and Scaling Company Culture

Harvard Business Review

The team is the company’s raw DNA, the purpose their religion, and culture their unique way of operating based on common principles, norms, and values. A great mentor of mine, Tsun-yan Hsieh, was one of the foremost leaders at McKinsey. Lead by example. Define common language, values, and standards.

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Meet Your New R&D Team: Social Entrepreneurs

Harvard Business Review

As Steve Davis, former lead in McKinsey's Social Innovation practice and president of the global health NGO, Path, has said: "The best social innovations are not necessarily widely adopted. This framework has the potential to reverse the typical role of CSR, currently viewed as a way to "give back" to communities that a business operates in.