HR Digest

SEPTEMBER 16, 2023

markets, particularly nurses, is also of great concern. McKinsey surveyed inpatient registered nurses and found an intent to leave their workplace rising from 35 percent in 2022 to 40 percent in 2023, highlighting an ongoing trend in the labor force. The labor shortage that has hit the U.S.

Cost 85

Cost Pharmaceuticals Price Planning 85

HR Digest

NOVEMBER 20, 2020

And what skills will matter to you and your organization in the future? . “If If you don’t solve the skills riddle with agility, curiosity, and smart technology capabilities, your organization could fade from existence.” Organizations with healthy growth curves rely on their staff to help them sustain a competitive edge.

Skills 145

Skills Emotional Intelligence CFO Power 145

HR Digest

NOVEMBER 4, 2023

While it can feel like a localized issue, such market changes are just as possible in U.S. Essentially, a 100-person organization with a $50,000 average salary could see replacement costs of over $660,000 to $2.6 industries and it emphasizes the importance of the retention process in HR. million per year.

Process 59

Process Attrition Trends Training 59

HR Digest

MAY 24, 2023

Your first priority as an HR professional should be to bring the very best people into your organization so that they can contribute to the culture and success of the company. 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

Leading Blog

MARCH 24, 2017

The market is shifting. McKinsey reports that eight out of ten time strategists focus on known hypothesis—opportunities that have been examined in the past or are already evident. Now unless you tell me that you have used data analytics in order to find a new product ground, a new design, and a new market, you are not strategic.

Agility 157

Agility Uncertainty Competitive Advantage McKinsey 157

Lead Change Blog

OCTOBER 4, 2017

Research conducted by McKinsey and Company found the customer experience, the more likely they will be to return and directly refer you to others. Is your product as cutting edge as Tesla? And, certainly not if you want to build a devoted customer base that will become avid extensions of your sales and marketing departments.

Customer Loyalty 150

Customer Loyalty Forrester Loyalty McKinsey 150

The Horizons Tracker

MARCH 15, 2022

The Covid pandemic has undoubtedly been one of the most disruptive periods in most organizations’ history. Indeed, McKinsey recently argued that one of the few plus points from the pandemic was it reinforced the importance of building change capabilities within our organizations. Becoming future-ready.

Company 99

Company Hofstede Supply Chain Agility 99

Skip Prichard

AUGUST 2, 2019

Winning organizations now rely on nimble, iterative problem solving, rather than the traditional planning processes. I had the opportunity to speak with Charles Conn and Robert McLean, two McKinsey alums who share a seven-step systematic approach to creative problem solving that will work in any field or industry. 2: Disaggregate.

Disaggregation 81

Disaggregation McKinsey Skills Gordon 81

HR Digest

FEBRUARY 7, 2022

Learning and Development teams of companies are working overtime to figure out ways to keep the organizations functioning in these difficult times. According to Mckinsey & Company , “Leaders have an essential role to play in developing solutions to tackle these challenges.” The labor market is skewed in favor of the employee.

Efficiency 105

Efficiency Operations Training Diversity 105

Skip Prichard

MAY 22, 2019

It is a practical guide to how AI and Machine Learning are impacting not only how businesses, brands, and agencies innovate, but also what they innovate: products, services and content. In this world of product and pricing parity, the delivery of superior service experience has become the new marketing, and the new real competitive edge.

Content 93

Content Innovation Creativity McKinsey 93

Six Disciplines

FEBRUARY 16, 2011

According to the McKinsey article " Brilliant Strategy, But Can You Execute? ", there were two basic kinds of strategies: transformational and operational. A strategy that fits the organization’s capabilities should be favored over one that appears more elegant in principle, yet is not practical for execution.

Operations 98

Operations Strategy Core Competence McKinsey 98

HR Digest

DECEMBER 8, 2020

The number of women in high paying jobs and entering the job market has risen progressively through the years, but there are many hurdles in their journey up the ladder. . They represent individual clients, businesses, non-profits, or government organizations on legal issues or in legal disputes. Marketing and Sales Manager.

Human Resources 52

Human Resources Chemicals Software Engineering 52

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.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

Leading Blog

NOVEMBER 3, 2023

They’re the metaphorical walls that separate different departments or teams within an organization. And how does it address the organization issues of functional silos across thousands of companies? By contrast, business processes in most organizations still struggle with siloed accountability. logistics, and finance.

Industry 269

Industry Stage-Gate Organization Company 269

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. Corporate purpose guides all activities and decisions within an organization. It stems from the organization’s mission, vision, and values. What Is Corporate Purpose?

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. Corporate purpose guides all activities and decisions within an organization. It stems from the organization’s mission, vision, and values. What Is Corporate Purpose?

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

Harvard Business Review

AUGUST 21, 2012

On the contrary, they may become the most powerful tools yet developed to raise the productivity of high-skill knowledge workers — the kind of workers who help drive innovation and growth, and who are going to be in increasingly short supply. With consumers spending gobs of time in online communities ( more than 1.5 trillion annually.

Media 15

Media Productivity Products Technology 15

Harvard Business Review

NOVEMBER 5, 2015

Marketing analytics is becoming big business. of their marketing budgets on analytics and expect to spend 11.1% In the end, analytics effectiveness boils down to two questions: Do marketing analytics improve profits or ROI? And are companies using marketing analytics effectively? For marketing ROI, the figure is 0.61%.

Marketing 8

Marketing ROI Metrics B2C 8

Harvard Business Review

OCTOBER 30, 2014

Nowhere else in the executive suite of a typical corporation are two functions as closely intertwined as sales and marketing. Yet for all the shared responsibility, the marketing and sales relationship has often been a contentious and lopsided one, with sales dominating in B2B sectors while marketing leads in B2C ones.

Marketing 11

Marketing Guidelines B2C Analysis 11

Harvard Business Review

OCTOBER 24, 2018

Take the case of Dominic Barton, who served as the Global Managing Director of McKinsey & Company from 2009-2018. When I later became head of McKinsey Asia, he helped me see that I had to hire a solid COO to work with me—which substantially increased my leadership effectiveness in that bigger role.”

Skills 15

Skills McKinsey COO Handbook 15

Strategy Driven

DECEMBER 8, 2010

StrategyDriven effective executives, efficient employees Home About The StrategyDriven Organization Our Company Our Contributors Karen K. But as social media takes hold and changes the way we do business, organizations that understand the importance of these qualities are the ones that will grow and prosper. Juliano Howard T.

Self-aware 72

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

Harvard Business Review

OCTOBER 12, 2011

In their new book, Beyond Performance: How Great Organizations Build Ultimate Competitive Advantage , Scott Keller and Colin Price identify nine factors that are critical to organizational health: Direction, Accountability, Motivation, Leadership, Coordination & Control, External Orientation, Culture & Climate, Capabilities, Innovation & Learning.

Organization 9

Organization Supply Chain Decentralization Bureaucracy 9

Harvard Business Review

OCTOBER 17, 2012

Innovation, in operations, products, business models and ecosystems, isn't merely a competitive advantage, it's the competitive advantage. We all get it: innovation is the lifeblood of every organization. Operational goals like productivity, predictability and alignment are woven deeply into management systems and processes.

Innovation 15

Innovation Process Competitive Advantage McKinsey 15

Harvard Business Review

SEPTEMBER 11, 2017

When organizations lack a formal innovation pipeline process, project approvals tend to be based on who has the best demo or slides, or who lobbies the hardest. 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.

Process 13

Process Innovation Incubator Committee 13

Harvard Business Review

FEBRUARY 22, 2011

We were struck by the assumption made by an article in The McKinsey Quarterly this month. Called "Why US Productivity Can Grow Without Killing Jobs," it takes as a given that this would strike readers as counterintuitive. it's a fallacy to suggest that there's a trade-off between unemployment and productivity." What a conundrum!

McKinsey 14

McKinsey Efficiency Long-term Analysis 14

Harvard Business Review

JANUARY 5, 2018

USC’s John Boudreau, CEO adviser Ram Charan, and consultants at Bain & Company , McKinsey, and Korn Ferry have made similar arguments. The chief marketing officers at consumer products companies, the heads of design at luxury apparel companies, and the heads of logistics at large retailers are cases in point.

McKinsey 8

McKinsey Human Resources Reputation Brand 8

Harvard Business Review

AUGUST 8, 2018

When Liz was offered a job as a product manager at a growing biotech firm, she was ecstatic. According to research by McKinsey , up to half of new-leader transitions fail within two years. A senior director of marketing reports to an executive with broader responsibilities, who in turn reports to the global VP of marketing.

Learning Curve 13

Learning Curve McKinsey Goal Planning 13

Harvard Business Review

JUNE 29, 2016

The impact of “social entrepreneurs” — individuals who deploy innovation and market forces to fill social needs — is growing. The research, conducted with analytical support from McKinsey and funding from Omidyar Network, included interviews with 37 investors and 10 social enterprise leaders. Fair enough.

Entrepreneur 15

Entrepreneur Glocalization Survey McKinsey 15

Harvard Business Review

DECEMBER 16, 2016

Back in 2011, the McKinsey Global Institute published a report on the transformational potential of big data—and it would take a supercomputer to process all of the articles that have appeared since then urging companies to get on board before some digital disruptor renders them obsolete.

Industry 8

Industry McKinsey Early Adopters Rate of Return 8

Harvard Business Review

DECEMBER 14, 2015

At McKinsey, we are conducting our own research into the impact of automation on jobs and organizations and recently published a brief paper previewing some of our findings. Once these capabilities are applied to various work activities, few occupations or organizations will remain untouched. economy.

Osborne 8

Osborne Technology McKinsey Marketing 8

Harvard Business Review

JANUARY 16, 2013

A lot of companies congratulate themselves on having a "social media presence" — by which they mean a Twitter following and Facebook likes and a marketing plan that uses social networks. But some 70% of the extra profit to be made through social technologies has nothing to do with marketing. Integration. into the core.

Media 9

Media McKinsey Supply Chain Telecommunications 9

Harvard Business Review

FEBRUARY 5, 2018

We live in a world where productivity, a key pillar of long-term economic growth, has crumbled. Automation will give the global economy that much-needed productivity boost, even as it enables us to tackle societal “moonshots” such as curing disease or contributing solutions to the climate change challenge.

GDP 8

GDP Globalization Short-term McKinsey 8

The Practical Leader

APRIL 6, 2022

A recent report by McKinsey and Co. The Big Resignation is a big pain point for many organizations. Attracting and retaining top people is a key factor in whether organizations will thrive — or even survive. Attracting and retaining top people is a key factor in whether organizations will thrive — or even survive.

Mintzberg 111

Mintzberg Pharmaceuticals Energy McKinsey 111

Harvard Business Review

JANUARY 12, 2018

Robo-advisors, which were introduced in 2008 , are steadily eating up market share from their human counterparts much the way that Amazon and Netflix have taken share from Walmart and Regal Cinemas. Will robo-advisors disrupt corporate capital allocation the same way they have personal capital allocation? will grow to U.S. $5

Consultative 8

Consultative Strategy Advice McKinsey 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. But where and how do you start? As with any new endeavor, we have been learning as we go.

Media 8

Media Automotive Globalization Active Listening 8

Harvard Business Review

MARCH 1, 2016

Sales professionals make decisions every day about what prospects and customers they will be meeting with, what products or services they will highlight in their pitches, and even what elements of your value proposition they will emphasize. McKinsey & Co. There’s a reason you chose those target markets or customer types.

Strategy 8

Strategy Execution How To CRM 8

Harvard Business Review

APRIL 14, 2017

Even the near-term outlook has been quite negative: A 2016 report by the Organization for Economic Cooperation and Development (OECD) said 9% of jobs in the 21 countries that make up its membership could be automated. And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. bribes and kickbacks).

Company 12

Company Survey Finance Engineering 12