N2Growth Blog

OCTOBER 8, 2023

What exactly is executive onboarding, and why does it play such a critical role in the long-term success of a new executive placement? Data compiled by McKinsey shows that nearly half of all leadership transitions fail, and just two years after executive transitions, up to 46% of them “are regarded as failures or disappointments.”

Execution 382

Execution Succession How To Process 382

Lead Change Blog

NOVEMBER 22, 2019

A number of recent surveys from McKinsey research have identified three traits that are becoming leadership imperatives to respond to this growing demand for social accountability. No longer is it acceptable for CEO’s to focus on short-term gain to line their pockets. In the short term, that is,” he is quoted as saying.

Emotional Intelligence 209

Emotional Intelligence Supply Chain Short-term Leadership 209

Leading Blog

FEBRUARY 19, 2020

Considering that most change efforts only succeed 30% of the time, Scott Keller and Bill Schaninger (both McKinsey partners) put forth a change model to increase the odds of success (upwards of 79% of the time) in Beyond Performance 2.0. So, any change effort will be more successful when you focus on both performance and health.

Hamel 276

Hamel Objective McKinsey Learning-by-Doing 276

Lead Change Blog

FEBRUARY 23, 2021

During times of crisis, individual purpose acts as a guidepost that can help people face up to uncertainties and navigate them better, and thus mitigate the damaging effects of long-term stress. People who have a strong sense of purpose tend to be more resilient and exhibit better recovery from negative events.

McKinsey 231

McKinsey Crisis Uncertainty Long-term 231

N2Growth Blog

NOVEMBER 15, 2022

Firstly, executive coaching has long been shown to bring ROI to businesses overall, with one study showing that executive coaching produced a 529% ROI and “significant intangible benefits to the business.” This is due to the fact that increasingly, employee values are shifting in the workplace.

Executive Coaching 318

Executive Coaching Execution Self-aware Company 318

The Horizons Tracker

MAY 25, 2021

The authors highlight that low-skilled workers not only operate in roles that are more vulnerable to automation, but they’re also less likely to have the skills to make transferring to any new jobs that emerge particularly easy. “Without proper action, automation could cause further deep distress, ” they say. Help to adapt.

Skills 95

Skills McKinsey Trends Short-term 95

N2Growth Blog

SEPTEMBER 28, 2020

Find HR’s hand (in a good way) in everything as an enabler and contributor to operations flowing all the way through to customer/client satisfaction. With a diverse background in human resources, information technology, and operations, his business and leadership acumen is only exceeded by his commitment to making others better.

Human Resources 469

Human Resources Globalization Diversity Resources 469

CO2

SEPTEMBER 21, 2022

It’s common to see vague purpose statements centered around being the best or leading provider whatever sector the organization operates. This represents a huge loss for businesses in a world where employee engagement has become a deciding factor in corporate performance and long-term success. Consider social impact.

How To 78

How To Long-term Performance Review Mission Statement 78

CO2

SEPTEMBER 21, 2022

It’s common to see vague purpose statements centered around being the best or leading provider whatever sector the organization operates. This represents a huge loss for businesses in a world where employee engagement has become a deciding factor in corporate performance and long-term success. Consider social impact.

How To 78

How To Long-term Performance Review Mission Statement 78

HR Digest

NOVEMBER 20, 2020

The big shift in organizational needs and long-term reliance on digital solutions are creating demand for upskilling and reskilling across the globe. Power skills are long-lasting, transferable across a number of work environments and roles, and can developed. Coding, budgeting, and marketing operations are examples.

Skills 145

Skills Emotional Intelligence CFO Power 145

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. Companies also need metrics that indicate the short-, medium-, and long-term health of the business, as shown to the right of the financial metrics.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

Marshall Goldsmith

NOVEMBER 4, 2013

In some cases, they may choose to experience a short-term loss, so that the organization can achieve a long-term gain. Many leaders will be operating more like the managing director of a consulting firm. Leaders will need to develop skills in negotiation and “win-win” relationships.

Short-term 107

Short-term Long-term Trends Telecommunications 107

Harvard Business Review

SEPTEMBER 26, 2011

But three years after the financial crisis broke, I remain more convinced than ever that the fundamental cure for restoring economic growth and repairing societal trust in business is to deepen our ability to manage companies for the long term. Taking a long view doesn't mean companies should go radio-silent.

Long-term 8

Long-term CEO Short-term McKinsey 8

The Horizons Tracker

JULY 1, 2020

It’s shown what can be possible when the ‘burning platform’ is sufficiently hot, but the digital skills of NHS staff remains an enduring challenge, not least in terms of their data literacy. The Data Literacy Index , published in 2018, rated healthcare as the worst performing sector in terms of data literacy of staff.

Skills 87

Skills Report Technology Long-term 87

CO2

APRIL 1, 2022

In fact, long-term business viability depends on it. 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 this reason, margin is one of the best indicators of whether your organization operates according to its corporate purpose.

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

CO2

APRIL 1, 2022

In fact, long-term business viability depends on it. 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 this reason, margin is one of the best indicators of whether your organization operates according to its corporate purpose.

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

Harvard Business Review

SEPTEMBER 29, 2011

Not long ago, the chief executive of a global telecommunications firm shared with me his frustration that "even in a meeting with the CEO, most institutional investors seek only granular data points to plug into their models. Some large investors already have a long-term view. Take consumer goods giant Unilever.

Long-term 11

Long-term CEO Short-term Asset Management 11

Eric Jacobson

MAY 25, 2016

In order to survive over the long term and gain competitive advantage, companies must learn how to connect profoundly with the world around them -- not only with customers and stakeholders, but also with employees, local communities, politicians, and the environment itself." The life expectancy of a leading U.S.

Company 50

Company Competitive Advantage Open-book Long-term 50

Harvard Business Review

APRIL 5, 2017

The McKinsey Global Institute, in conjunction with FCLT Global, recently released research stating that long-term-oriented companies perform better than those that focus on short-term results. FCLT and McKinsey rely on readily available and machine-readable accounting data to measure myopia.

EPS 8

EPS Metrics Depreciation Short-term 8

Mills Scofield

JUNE 23, 2015

We cherish controversies yet unsettled, problems yet unresolved, doctrines long unchallenged. I was in awe of the power of the Brown community operating not just beyond these gates, but half-way around the world. To borrow Nietzsche’s term, there is no “immaculate perception.” It was a beginning.

Class 70

Class Education Construction McKinsey 70

Mills Scofield

JUNE 23, 2015

We cherish controversies yet unsettled, problems yet unresolved, doctrines long unchallenged. I was in awe of the power of the Brown community operating not just beyond these gates, but half-way around the world. To borrow Nietzsche’s term, there is no “immaculate perception.” It was a beginning.

Class 70

Class Education Construction McKinsey 70

Persuasive Powerhouse

JANUARY 19, 2011

He has been a tank platoon leader, a McKinsey consultant, a senior executive, and now runs thoughtLEADERS – a leadership development and training firm. But what I have noticed is, if you do not have other people who can do your job then you may be doing that job for a very long time. Leave a Reply Click here to cancel reply.

Training 257

Training Blog Greenleaf Maslow 257

Harvard Business Review

OCTOBER 17, 2018

But how will AI impact the economy in broad terms? New research from the McKinsey Global Institute simulates the potential global macroeconomic impact of five powerful technologies (computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning). A faster pace of adoption.

GDP 10

GDP McKinsey Long-term Technology 10

Harvard Business Review

JULY 17, 2017

Closing this gap requires much more than short-term fixes, like adopting new technologies. Businesses need to organize around long-term strategies for growth and partnership in a sustainable way. The current innovation model in the finance sector is designed to generate the highest possible short-term returns.

Industry 12

Industry Short-term Planning Long-term 12

Harvard Business Review

NOVEMBER 30, 2017

Even more striking, new research from the McKinsey Global Institute analyzes firm-level financial results and finds a stark contrast in performance between the biggest U.S. Past work by McKinsey found that inefficiencies in manufacturer-supplier interactions add up to roughly 5% of development, tooling, and product costs in the auto industry.

Supply Chain 8

Supply Chain McKinsey Incentives Bottom-up 8

Harvard Business Review

OCTOBER 10, 2017

A recent McKinsey report found that while 84% of corporate executives think innovation is key to achieving growth objectives, only 6% are satisfied with the innovation performance of their firm. Even if executives try to prioritize it, innovation often gets crowded out by more “urgent” short-term pressures. It’s not.

Innovation 8

Innovation P&L ROI Long-term 8

Harvard Business Review

MARCH 30, 2016

Research by McKinsey shows that, on average, 30% of corporate earnings are at stake when it comes to a company’s relationships with society. As a global survey conducted by McKinsey shows, only 21% of business executives think their company frequently engages successfully. The current model is not working. Engage radically.

Company 8

Company McKinsey Short-term Long-term 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 13

McKinsey Efficiency Long-term Analysis 13

Harvard Business Review

OCTOBER 25, 2011

The case for embracing the maximization of long-term shareholder value as the governing objective for publicly traded companies has been persuasively argued many times. Michael Mauboussin of Legg Mason Capital Management, Dominic Barton of McKinsey, and Charles Elson of the University of Delaware have addressed the topic in this forum.

Short-term 12

Short-term Long-term Incentives Objective 12

Harvard Business Review

NOVEMBER 12, 2018

Compensation committees often start by tying bonuses and long-term incentives to goals related to compliance and risk management. Is there an adequate return on investment over the long term to justify moving forward? And at many companies, sustainability efforts are measured with well over 10 internal metrics.

Execution 10

Execution Incentives How To Committee 10

Harvard Business Review

SEPTEMBER 11, 2015

In-house strategy and consulting groups are growing in popularity , supplementing and increasingly winning business from traditional consulting firms such as McKinsey & Company, Boston Consulting Group and Bain & Company. McKinsey, Bain, or Boston Consulting Group). Work on discrete projects. Exceed client expectations.

Consultative 8

Consultative Team How To McKinsey 8

Harvard Business Review

MARCH 13, 2013

Captive offshore operations centers — company-owned delivery units located in low-cost countries such as India and the Philippines — have come a long way. Since 2008, we've benchmarked the performance of nearly 250 operations centers working on both core operations (e.g., But that's not by accident.

Offshoring 8

Offshoring Cost Benchmarking Operations 8

Harvard Business Review

AUGUST 16, 2017

Short-term rewards too often take precedence over the longer-term interests and viability of a company. We’ve enlisted prominent thinkers and leading CEOs who understand that sustainable business practices are in a company’s long-term interests. How can you make core business operations more sustainable?

Project 8

Project Henderson Supply Chain Short-term 8

Harvard Business Review

DECEMBER 4, 2017

We then virtually convened the project’s advisers for a roundtable discussion about what they viewed as the major issues raised in the interviews, and their own counsel for executives wishing to create long-term value through a sustainable business agenda. That needs to change.

Project 8

Project Advice Henderson Short-term 8

Harvard Business Review

MAY 12, 2011

Go that extra mile when customers least expect it, and in return you will receive their long-term business. For example, one Middle Eastern telecom operator has begun to create the brand connection by extending extraordinary discounts from third party partners, such as theaters and car rental agencies.

Brand 15

Brand McKinsey Loyalty Competitive Advantage 15

Harvard Business Review

SEPTEMBER 20, 2016

New research conducted by the McKinsey Global Institute makes it clear that Africa faces real economic headwinds including declining investment and savings, and rising government indebtedness. That points to robust long-term economic fundamentals. a year between 2010 and 2015, considerably slower than the 5.4% from 2000 to 2010.

Globalization 8

Globalization Long-term GDP Marketing 8

Harvard Business Review

FEBRUARY 7, 2017

Companies deliver superior results when executives manage for long-term value creation and resist pressure from analysts and investors to focus excessively on meeting Wall Street’s quarterly earnings expectations. This has long seemed intuitively true to us. Who are these overachievers and how did we identify them?

Long-term 8

Long-term EPS Short-term Management 8