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Why Boards Get C-Suite Succession So Wrong

Harvard Business Review

New reports from McKinsey and PwC paint a very bleak picture of C-suite succession practices in today’s corporations. Both consultancies have useful advice to help fix the problem: McKinsey describes how to set up effective integration plans, while PwC describes best practices for CEO transitions. Of course not.

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What It Will Take to Fix HR

Harvard Business Review

Put the most strategic pieces into the hands of up-and-comers passing through the leadership-development revolving door? A recent survey of CEOs reveals that HR is overwhelmingly viewed as the least agile function. Finance Human resources' CHROs are standing at essentially the same crossroads that CFOs were in the 1980’s.

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It’s Not HR’s Job to Be Strategic

Harvard Business Review

Human-capital issues are top-of-mind for CEOs around the world — but their regard for the HR function remains perilously low: In a PwC study , only 34% said that HR is well prepared to capitalize on transformational trends (compared with 56% for finance). Sadly, chief executives aren’t the only ones with this negative perception.

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What Your Innovation Process Should Look Like

Harvard Business Review

It included both an internal and an external survey, the goal of which was to find other places in the business where a given problem might exist in a slightly different form, to identify related internal projects already in existence, and to find commercially available solutions to problems. As the head of the U.S.

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The Financial Industry Needs to Start Planning for the Next 50 Years, Not the Next Five

Harvard Business Review

Banks are feeling the crunch; according to McKinsey , legacy financial institutions will see profits decline 20%–60% by 2025 if they fail to evolve digitally. The current innovation model in the finance sector is designed to generate the highest possible short-term returns. Insight Center. Crossing the Digital Divide.

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Make the Most of Scarce Data-Mining Talent

Harvard Business Review

By 2018, the United States alone could face a shortage of as many as 190,000 people with deep analytical skills according to a study by the McKinsey Global Institute. The study also found a looming need for over 1.5 million managers and analysts who understand big data and how to apply it to business operations.

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Big Companies Should Collaborate with Startups

Harvard Business Review

Campbell, the food company best known for its soups, is investing $125 million in a venture fund to help finance food startups, according to the Wall Street Journal. A McKinsey global survey notes that CEOs spend about 17% of their time with customers. Other large consumer companies are doing the same.