HR Digest

MAY 24, 2023

According to its proponents, there are certain human resource laws and regulations that support companies in reaching a competitive advantage regardless of the organizational setting or industry. The shift toward skills based hiring will accelerate in 2023 as skills emerge as the currency of the labor market.

Succession 64

Succession Software Guidelines Human Resources 64

Chartered Management Institute

AUGUST 2, 2023

McKinsey & Company reported that in 2020 the global market for EDI-related efforts was estimated at $7.5bn, yet at the current rate, it will take another 151 years to close the global economic gender gap. 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

Eric Jacobson

MARCH 14, 2022

Be sure to check out the books’ Appendix 2 where you’ll find the bios of these 67 interviewed CEOs along with key facts about each – including their milestone leadership impacts on their respective organizations. Viewed through this lens, we hope any leader will find it helpful. Take the mindset of “be bold”, for example.

CEO 93

CEO Banking Learning-by-Doing McKinsey 93

Eric Jacobson

JUNE 23, 2022

Be sure to check out the book's Appendix 2 where you’ll find the bios of these 67 interviewed CEOs along with key facts about each – including their milestone leadership impacts on their respective organizations. Viewed through this lens, we hope any leader will find it helpful. Take the mindset of “be bold”, for example.

CEO 83

CEO Banking Learning-by-Doing McKinsey 83

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

Eric Jacobson

JANUARY 18, 2023

Be sure to check out the book's Appendix 2 where you’ll find the bios of these 67 interviewed CEOs along with key facts about each – including their milestone leadership impacts on their respective organizations. Viewed through this lens, we hope any leader will find it helpful. Take the mindset of “be bold”, for example.

CEO 65

CEO Banking Learning-by-Doing McKinsey 65

Eric Jacobson

DECEMBER 31, 2022

Be sure to check out the books’ Appendix 2 where you’ll find the bios of these 67 interviewed CEOs along with key facts about each – including their milestone leadership impacts on their respective organizations. Viewed through this lens, we hope any leader will find it helpful. Take the mindset of “be bold”, for example.

CEO 65

CEO Banking Learning-by-Doing McKinsey 65

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. Financial resources are provided to ensure the strategy can be successfully implemented.

Strategy 67

Strategy Company Talent Management McKinsey 67

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

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

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

The Horizons Tracker

AUGUST 27, 2019

The Matthew Effect is a phenomenon commonly seen in the online world, as tools that ostensibly should lower inequality by giving all people access to fantastic resources, end up benefiting the better off because they have the willingness and ability to better capitalize on these tools.

Diversity 50

Diversity Class Education Analysis 50

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. TIME – World’s 100 Most Influential People.

Executive Coaching 70

Executive Coaching CEO Magazine Banking 70

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. He’s the managing director of thoughtLEADERS, LLC – a leadership development training firm.

Team 50

Team Competitive Advantage McKinsey Energy 50

Harvard Business Review

JUNE 16, 2015

Consider three critical mega-trends: resource constraints and rising commodity prices; climate change and extreme weather; and radical, technology-driven transparency. The issues in each of these buckets require new leadership, or at least a rethinking of it in the highest ranks of companies, and deep operational changes.

Constraint 8

Constraint Supply Chain Resources Operations 8

HR Digest

SEPTEMBER 21, 2023

The upward trend has not been supported by a similar growth in childcare resources, with a Zippia report indicating that approximately half of the U.S. faces difficulties in identifying childcare resources, with 27 percent stating this was due to limited childcare slots and 31.7 McKinsey reported that working mothers were 1.5

GDP 98

GDP McKinsey Participative Report 98

Strategy Driven

DECEMBER 8, 2010

Indeed, a 2008 issue of the McKinsey Quarterly noted that women tend to make deeper emotional connections with colleagues and business partners. Whether you’re a man or a woman, it’s time to start embracing your feminine side (and yes, many women have squelched their natural leadership style for far too long).

Self-aware 72

Self-aware Media Open-book Learning-by-Doing 72

Leading Blog

NOVEMBER 3, 2023

Even worse, functional processes — finance, human resources, sales, etc. 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. They result in information hoarding and lack of communication. finance, I.T.,

Industry 267

Industry Stage-Gate Organization Company 267

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. Establish a set of clear and defined leadership competencies , so HR and other stakeholders know whom to fast track for leadership. For example, when a U.S.

Leadership Development 8

Leadership Development Development Leadership Leadership Pipeline 8

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

OCTOBER 17, 2012

In one recent McKinsey study, only 24% of respondents felt that their company wouldn't benefit from a more robust pipeline of new ideas. For industry incumbents, the problem isn't a lack of resources or a shortage of human creativity, but a dearth of pro-innovation values, processes and practices. Want some hard evidence?

Innovation 15

Innovation Process Competitive Advantage McKinsey 15

Harvard Business Review

OCTOBER 4, 2011

Fueled by Asia's resource needs, Africa has seen rapid compounded real growth — rates exceeding 5% a year (per IMF data) — over the past decade. But the interesting point here is that this growth is not confined to the natural resource sector; the increased economic activity has led to the development of complementary sectors.

McKinsey 12

McKinsey Health Care Class Transportation 12

The Practical Leader

APRIL 6, 2022

A recent report by McKinsey and Co. ” These shifts have profound implications for leadership and culture. And don’t delegate purpose to marketing. ” A mining company: “ Stewards of the earth’s resources for the benefit of its people.” Creating leadership energy is an inside job.

Mintzberg 111

Mintzberg Pharmaceuticals Energy McKinsey 111

Harvard Business Review

FEBRUARY 7, 2013

He’s bullish, for instance, on Nigeria, and thinks Western companies entering African markets should focus less on establishing political ties and more on winning hearts, as the Chinese do, by building roads, airports, and sports stadiums. But when asked about his greatest leadership challenge, Chandaria turns personal. “I

McKinsey 8

McKinsey Retail Politics Sports 8

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.”.

Human Capital 12

Human Capital Charan Human Resources Cost 12

Harvard Business Review

SEPTEMBER 11, 2017

One of the quickest ways to sort innovation ideas is to use the McKinsey Three Horizons Model. Horizon 2 ideas extend a company’s existing business model and core capabilities to new customers, markets or targets. This not only includes the obvious — is there product/market or solution/mission fit?

Process 11

Process Innovation Incubator Committee 11

Harvard Business Review

DECEMBER 19, 2017

Technological innovations have radically transformed the business landscape in many ways over the last two centuries, from the introduction of steam power to the market conquest of radial-ply tires. Research by McKinsey & Company and the McKinsey Global Institute shows that digitization is having the same radical impact.

Succession 8

Succession Industry McKinsey Business Model 8

Harvard Business Review

MARCH 1, 2016

McKinsey & Co. Many companies in my experience have a similar disconnect between their intended market or customer type and their actual client base. There’s a reason you chose those target markets or customer types. It’s a balancing act. When strategy shifts, make sure that sales shifts with it.

Strategy 8

Strategy Execution How To CRM 8

Harvard Business Review

NOVEMBER 21, 2012

New markets are created. Apple was the only incumbent in this period to grow by creating new markets repeatedly through disruptive innovation. But innovation at scale seems to be within reach of many more companies than might succeed in creating brand new markets. Game-changing innovation is a beautiful thing.

Innovation 8

Innovation Incubator Disruptive Innovation McKinsey 8

Harvard Business Review

FEBRUARY 2, 2015

Spun out of Carnegie Mellon’s materials science research department in 2008, Aquion now employs 130 workers, manufacturing batteries to store electricity generated by intermittent renewable resources. Although the United States maintains world leadership in many advanced industries, that leadership position is eroding.

Industry 8

Industry McKinsey Engineering Innovation 8

Harvard Business Review

JULY 29, 2014

In the July/August issue of HBR , Ram Charan argues that the Chief Human Resources Officer (CHRO) role should be eliminated, with HR responsibilities funneled in two separate directions — administration , led by traditional HR-types, reporting to the CFO; and talent strategy , led by high-potential line managers, reporting to the corner office.

CFO 9

CFO Charan Intangible Assets Human Resources 9

Harvard Business Review

NOVEMBER 4, 2016

A 2015 McKinsey report on 366 public companies found that those in the top quartile for ethnic and racial diversity in management were 35% more likely to have financial returns above their industry mean, and those in the top quartile for gender diversity were 15% more likely to have returns above the industry mean.

Diversity 8

Diversity Team Price Sharpe 8

Harvard Business Review

FEBRUARY 12, 2016

In 1933, General Motors President and CEO Alfred Sloan established the automobile industry’s first full-time consumer research department under the direction of Henry “Buck” Weaver, a pioneer in market-based decision making. Give your social media team the resources they need. Sponsored by Accenture.

Media 8

Media Automotive Globalization Active Listening 8

Harvard Business Review

FEBRUARY 10, 2017

Instead, they shift boxes on an organization chart, bolt on more resources that were lobbied for by a zealous executive, or cut costs across the board. According to one McKinsey study , the success rate for organizational redesign efforts is less than 25%. What are our markets? Who is our customer?

Competitive Advantage 8

Competitive Advantage Supply Chain Bureaucracy McKinsey 8

Harvard Business Review

SEPTEMBER 26, 2011

Volatility has returned to global markets, and consumer and business confidence is once again slipping. Over the past year McKinsey has been working with some of these groups through our Institutional Investor Benchmarking Initiative to explore potential changes in how they measure and select asset managers. In the U.S.,

Long-term 8

Long-term CEO Short-term McKinsey 8

Harvard Business Review

JANUARY 17, 2014

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. This talent isn’t cheap: a top data scientist can command a $300,000 salary in the current market. Form a Center of Excellence to Extend Scarce Resources.

Information Technology 8

Information Technology Technology McKinsey Globalization 8