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. If you don’t solve the skills riddle with agility, curiosity, and smart technology capabilities, your organization could fade from existence.” Marti Konstant .

Skills 145

Skills Emotional Intelligence CFO Power 145

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

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

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. Had they set out simply to make a profit, Apple likely wouldn’t be the revolutionary technology leader it is today.

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. Had they set out simply to make a profit, Apple likely wouldn’t be the revolutionary technology leader it is today.

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

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

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 12

Long-term CEO Short-term Asset Management 12

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

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 9

GDP McKinsey Long-term Technology 9

Harvard Business Review

JULY 17, 2017

Despite rapid innovations in data processing and machine learning, many businesses have yet to make the leap from the Industrial Age to the information age, and the gap between technological and organizational progress is widening. Closing this gap requires much more than short-term fixes, like adopting new technologies.

Industry 10

Industry Short-term Planning Long-term 10

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.

Innovation 8

Innovation P&L ROI Long-term 8

Harvard Business Review

APRIL 17, 2018

Even companies that claim to have a long-term orientation worry about whether R&D is worth the investment. According to Williamson, a current concern among many institutional investors as well as corporations is that long-term investments in R&D have little payoff. R&D Seldom Walks Out the Door.

Long-term 9

Long-term Innovation Technology Stage-Gate 9

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

JANUARY 21, 2016

Yet according to recent research from the McKinsey Global Institute, the U.S. economy operates at only 18% of its digital potential, and the sort of productivity gains that digital technologies should be enabling are not showing up in the broader economy. Why is that? Other sectors are barely keeping pace.

Company 8

Company Technology Innovation GDP 8

Harvard Business Review

APRIL 1, 2016

Recent research from the McKinsey Global Institute (MGI) looked at the state of digitization in sectors across the U.S. The results show uneven progress: The technology sector comes out on top — no surprise there. They are more likely to use software to manage their back-office operations and customer relationships.

Industry 8

Industry Benchmarking Supply Chain Health Care 8

Harvard Business Review

SEPTEMBER 20, 2016

It helped spark new levels of interest in Africa by the international business community, and companies in a range of industries—from consumer goods to financial services to technology—have since expanded their African footprints. That points to robust long-term economic fundamentals. from 2000 to 2010.

Globalization 8

Globalization Long-term GDP Marketing 8

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

SEPTEMBER 11, 2017

There is no burden on those who proposed a new idea or technology to talk to customers, build minimal viable products, test hypotheses or understand the barriers to deployment. Army’s Rapid Equipping Force, one of us built a curation process to help technology solutions to be deployed rapidly. As the head of the U.S.

Process 11

Process Innovation Incubator Committee 11

Harvard Business Review

JANUARY 20, 2015

New research we conducted at the McKinsey Global Institute found that while this is a very tall order, it could be do-able. This is good news — we can get a long way to the productivity growth we need to support healthy growth without reinventing the wheel in services, manufacturing, and, indeed, government. We disagree.

Globalization 8

Globalization Productivity Products GDP 8

Harvard Business Review

MARCH 24, 2014

While retailers and cable companies moved their businesses online years ago, many insurers, struggling with legacy technology and outmoded organizational structures, are playing catch up. In a recent McKinsey survey of the digital practices of more than 30 leading U.S. So what does digital excellence in insurance look like?

Insurance 8

Insurance Company Maturity Decentralization 8

Harvard Business Review

SEPTEMBER 18, 2012

A McKinsey study released in May 2011 stated that, by using Big Data to the fullest, retailers stood to increase their operating margins by up to 60% — this, in an industry where net profit margins are often less than 2%. Independent retailers are savvy operators and are eager to join the fray if given the opportunity.

Retail 15

Retail Brand Marketing Industry 15

Harvard Business Review

FEBRUARY 14, 2017

Yet workplace training is more necessary than ever, as technology and globalization continue to change the types of jobs that are available. Applying a form of TCO to workforce programs makes sense because, instead of concentrating on inputs (in the form of spending), this approach emphasizes outcomes (in the form of long-term results).

Metrics 9

Metrics TCO Training Cost-Benefit Analysis 9

Harvard Business Review

JANUARY 31, 2013

Overall demand is fragmenting, both geographically and in terms of what customers require — more options, faster product cycles, more customization and after-sale service. McKinsey has identified more than 20 distinct submarkets in China, for example. All over the world, automakers are mastering new drive train technologies.

Globalization 8

Globalization Supply Chain Pharmaceuticals McKinsey 8

Harvard Business Review

FEBRUARY 15, 2012

We are delighted to announce the winners of the Beyond Bureaucracy Challenge , the second leg of the HBR/McKinsey M-Prize for Management Innovation. They call it a "WeOrg" — and their story offers up a playbook for any organization looking to inject more freedom and self-regulation into its operations. Story by Bjarte Bogsnes.

Bureaucracy 11

Bureaucracy Company Agility CIO 11

Harvard Business Review

OCTOBER 19, 2012

Long before "think global, act local" was the conventional wisdom for how corporations should operate in the international interconnected marketplace, we at Children's Television Workshop (CTW), as it was known then, pioneered the development of a flexible global brand. Being Willing To Try New Operating Models.

Globalization 8

Globalization Power Workshop Brand 8

Harvard Business Review

OCTOBER 21, 2016

Today’s executives are dealing with a complex and unprecedented brew of social, environmental, market, and technological trends. This can disrupt a firm’s ability to operate on schedule and budget. These require sophisticated, sustainability-based management. ” Improving risk management.

Supply Chain 8

Supply Chain Price Loyalty Efficiency 8

HR Digest

NOVEMBER 9, 2023

percent of senior managerial and directorial roles , according to McKinsey. Consider both immediate adjustments and long-term strategies for preventing future disparities. Emerging Roles and Technologies Stay attuned to emerging roles and technologies within the industry. percent of the U.S.

System 52

System How To Benchmarking Diversity 52

Ask Atma

JANUARY 2, 2011

If the person(s) responsible for managing are able to look at the eighteen points above and determine they are more or less in place, they are operating at the most fundamental or beginner’s level of management. Move towards developing a long-term relationship with a single supplier. Institute extensive on-the-job training.

Management 40

Management CRM Objective Human Resources 40

Harvard Business Review

DECEMBER 7, 2018

Fueling this dynamism, Africa is adopting technology at a furious pace: it will soon have double the number of smartphone connections than North America. By 2016, SABMiller had brewing operations in around forty of Africa’s fifty-four countries. billion by 2050. Yet Africa remains a challenging place to do business.

Brand 8

Brand Case Study Globalization Marketing 8

Harvard Business Review

AUGUST 21, 2017

Twenty years later, as an executive coach, work-life sustainability is a prominent issue that my clients grapple with, as they face the ever-higher work demands that have come with advances in technology. You can verbally communicate this with your team, role model it, and create organizational operating principles around it.

Team 10

Team Conference Restructuring McKinsey 10

Harvard Business Review

JULY 5, 2016

In addition to the ones regularly in the news, I have argued earlier in HBR that there is a fundamental crisis unfolding over the longer term: the continent is suffering from a “digital recession” – a loss of momentum in its evolution toward a digital economy. The UK leads Europe in “app economy” jobs.

Safe Harbor 8

Safe Harbor Industry Uncertainty Crisis 8