First Friday Book Synopsis

APRIL 21, 2013

I hope that at least a few of these recent posts will be of interest to you: BOOK REVIEWS Flat Army: Creating a Connected and Engaged Organization Dan Pontefract The Idea Factory: Bell Labs and the Great Age of American Innovation Jon Gertner To Save Everything, Click Here: The Folly of Technological Solutionism Evgeny Morozov [.].

Govindarajan 75

Govindarajan Blog McKinsey Bond 75

Chart Your Course

AUGUST 22, 2014

Only 52 percent of companies spend their time in a way that aligns with their strategic goals, according to a McKinsey survey of 1,500 executives from businesses of all sizes around the world. The most essential time management technology for increasing your productivity is calendar scheduling software. Calendar Management.

Tools 133

Tools Productivity Products Company 133

Chart Your Course

JUNE 16, 2013

Internationally, in 2012 the World Economic Forum reported 10 million jobs were unfilled in the manufacturing sector alone.The world’s three largest workforces — the United States, India and China — all have chronic and growing talent shortages, particularly in science, technology, engineering and mathematics-related STEM occupations.

Talent Management 140

Talent Management Magazine Management Gordon 140

HR Digest

DECEMBER 5, 2023

The progress of technology and productivity has been a boon in many ways but it has also led to the possible creation of jobs at such an accelerated rate that the population just can’t keep up. McKinsey found that 40 percent of their survey respondents were leaving jobs due to a lack of growth opportunities in their careers.

Participative 52

Participative Uncertainty Long-term Trends 52

ExactHire - Leadership

JUNE 3, 2022

According to McKinsey , companies succeeding at diversity are 35 percent more likely to enjoy profit margins above the median for their industry. Gallup surveyed new graduates and published the findings in their report “ How Millennials Want to Work and Live.” A diverse workforce is good for your business. Access a passive talent pool.

Company 98

Company Diversity Career Quality 98

Lead on Purpose

DECEMBER 14, 2013

McKinsey Insights ’ Pankaj Ghemawat references a survey of senior executives where 76% of them feel they need to develop global-leadership capabilities, but only 7% of feel they are doing so effectively. For instance, your customer satisfaction surveys could reveal that your customers buy X only so that they can avail a discount on Y.

Metrics 190

Metrics Management Katz How To 190

HR Digest

SEPTEMBER 14, 2023

A CareerPlug survey of 500 employees indicated that 72 percent of individuals have left previous jobs due to a toxic work environment. Feedback Sharing A McKinsey survey of 12,000 managers found that managers believed “candid, insightful feedback” to be crucial to career growth.

Schein 98

Schein Industry Long-term Automotive 98

HR Digest

NOVEMBER 4, 2023

Analyze hiring practices by competitors and see what benefits they offer Keep an eye on research reports that are put out by organizations like Deloitte, McKinsey, SHRM, etc. By providing reasons for employees to value their organization, their coworkers, or even the work that they do, HR officials may find new ways to retain employees.

Process 59

Process Attrition Trends Training 59

The Horizons Tracker

JULY 1, 2020

” A new report from EIT Health and McKinsey therefore offers a timely opportunity to gauge progress. It suggests that for the technology to achieve its full potential, not only will staff require strong data and analytics skills, but even basic digital skills will become a pre-requisite. ” Developing the skills.

Skills 87

Skills Report Technology Long-term 87

ExactHire - Leadership

JUNE 3, 2022

According to McKinsey , companies succeeding at diversity are 35 percent more likely to enjoy profit margins above the median for their industry. Gallup surveyed new graduates and published the findings in their report “ How Millennials Want to Work and Live.” A diverse workforce is good for your business. Access a passive talent pool.

Company 52

Company Diversity Career Quality 52

Chartered Management Institute

DECEMBER 2, 2013

At the C-suite, businesses need not only a data analytics strategy, but a data-analytics culture, researchers from McKinsey have concluded. Worryingly, one recent survey indicated that while companies are investing heavily in Big Data, many employees lack data-mining and analytics skills. The reason?

Leadership Styles 83

Leadership Styles Human Capital Ethics McKinsey 83

HR Digest

DECEMBER 8, 2020

A recent Mckinsey & Company survey shows that since 2015, America has seen only a modest growth in women’s well paid jobs representation in the corporate pipeline. Also known as information technology managers, such professionals devise, coordinate, implement, and analyze computer-related projects.

Human Resources 52

Human Resources Chemicals Software Engineering 52

ExactHire - Leadership

MAY 5, 2021

In 2015, McKinsey and Company found that companies with a diverse workforce performed 15 to 35 percent better than the national industry median. McKinsey followed up with a 2018 report that echoed the finding of the first: diversity is good for the bottom line. Technology may help you avoid implicit bias in your candidate selection.

Diversity 111

Diversity Compliance McKinsey Bottom-up 111

Harvard Business Review

JULY 3, 2014

Companies across the world are ramping up their digital initiatives, according to a new survey from McKinsey , with the C-suite increasingly leading the way. The vast majority of survey respondents indicated that their company’s board not only wasn’t directly engaged in digital projects, but was not even a supportive sponsor.

McKinsey 15

McKinsey Survey Diversity Project 15

Harvard Business Review

JANUARY 18, 2018

It seems beyond debate: Technology is going to replace jobs, or, more precisely, the people holding those jobs. One survey revealed that “39% of jobs in the legal sector could be automated in the next 10 years. Here are four ways to think about the people left behind after the trucks bring in all the new technology.

Creativity 15

Creativity Strategy Venture Capitalist McKinsey 15

Harvard Business Review

OCTOBER 17, 2018

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). We know that technologies often take a long time to diffuse and to deliver benefits.

GDP 10

GDP McKinsey Long-term Technology 10

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. Had they set out simply to make a profit, Apple likely wouldn’t be the revolutionary technology leader it is today. Ask them questions, like: What is our organization’s mission?

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

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

Harvard Business Review

MARCH 28, 2017

With unemployment rates in most developed nations at the lowest levels since the Great Recession, and with new skill sets required to keep pace with head-spinning technological advances, it’s no surprise the talent acquisition environment is incredibly competitive. Five years ago, compensation (i.e.,

Content 9

Content Survey Talent Management McKinsey 9

Harvard Business Review

MARCH 12, 2013

Executive Time Isn't the Infinite Resource That Companies Assume It Is (McKinsey Quarterly). Just 52% of executives surveyed worldwide say the way they spend their time fits well with their organizations' strategic priorities. A 1936 Insight About Technology Was Prescient (Nature). — Andy O'Connell.

McKinsey 15

McKinsey Budgeting Proposal Cost 15

Harvard Business Review

JULY 3, 2014

Companies across the world are ramping up their digital initiatives, according to a new survey from McKinsey , with the C-suite increasingly leading the way. The vast majority of survey respondents indicated that their company’s board not only wasn’t directly engaged in digital projects, but was not even a supportive sponsor.

McKinsey 8

McKinsey Survey Diversity Project 8

Harvard Business Review

AUGUST 15, 2014

It’s become commonplace for observers to tout the transformative potential of digital technologies and bemoan the allegedly slow pace at which companies support these initiatives. Both cite a McKinsey survey which, ironically, found that “Organizations’ efforts to go digital. are picking up steam.”

Media 11

Media ROI McKinsey Survey 11

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. Insight Center. The Next Analytics Age.

Industry 8

Industry McKinsey Early Adopters Rate of Return 8

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

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 13

Industry Short-term Planning Long-term 13

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

JANUARY 16, 2013

But some 70% of the extra profit to be made through social technologies has nothing to do with marketing. Examples of enterprise social-technology use are cropping up all the time: TD bank relies on a social network for employee communication, and at Unisys, social communities provide specialized expertise to resolve technical problems.

Media 9

Media McKinsey Supply Chain Telecommunications 9

Harvard Business Review

APRIL 14, 2017

And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. My own firm released a survey recently of 835 large companies (with an average revenue of $20 billion) that predicts a net job loss of between 4% and 7% in key business functions by the year 2020 due to AI. bribes and kickbacks).

Company 13

Company Survey Finance Engineering 13

ExactHire - Leadership

JUNE 3, 2022

According to McKinsey , companies succeeding at diversity are 35 percent more likely to enjoy profit margins above the median for their industry. Job Offer for New Graduates Gallup surveyed new graduates and published the findings in their report “ How Millennials Want to Work and Live.” A diverse workforce is good for your business.

Company 52

Company Diversity Career Quality 52

Harvard Business Review

JULY 19, 2018

A recent survey by Deloitte of “aggressive adopters” of cognitive technologies found that 76% believe that they will “substantially transform” their companies within the next three years. There probably hasn’t been this much excitement about a new technology since the dotcom boom years in the late 1990s.

Project 9

Project How To Technology ROI 9

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 13

Process Innovation Incubator Committee 13

Harvard Business Review

MARCH 12, 2013

Executive Time Isn't the Infinite Resource That Companies Assume It Is (McKinsey Quarterly). Just 52% of executives surveyed worldwide say the way they spend their time fits well with their organizations' strategic priorities. A 1936 Insight About Technology Was Prescient (Nature). — Andy O'Connell.

McKinsey 8

McKinsey Budgeting Proposal Cost 8

Harvard Business Review

FEBRUARY 14, 2013

Thomas Kochan offers unions four suggestions for restoring their relevance: 1) Develop a national on-line survey that workers can use to rate workplaces, and publish the results widely on a smart phone app. What Really Happens When You Miss that Earnings Mark (McKinsey Quarterly). But McKinsey's analysis of hundreds of large U.S.

McKinsey 8

McKinsey Consensus Management Short-term 8

Harvard Business Review

MARCH 15, 2016

In fact, for women, the technology gender gap seems to be getting bigger, not smaller. To this end, McKinsey conducted extensive qualitative and quantitative research of more than 2,400 interviewees. This research was done in the context of McKinsey and Facebook’s partnership to launch a program called TechPrep.

Industry 8

Industry Diversity Class Engineering 8

Harvard Business Review

APRIL 17, 2018

Sarah Williamson is the CEO of FCLTGlobal (formerly Focusing Capital on the Long Term), an organization cofounded in 2016 by BlackRock, CPPIB, Dow Chemical, McKinsey, and Tata Sons to encourage a longer-term focus in business and investment decision making. This is precisely what Xerox did when it created Xerox Technology Ventures.

Long-term 10

Long-term Innovation Technology Stage-Gate 10

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? The answer is that a new digital divide has opened up in America.

Company 8

Company Technology Innovation GDP 8

Harvard Business Review

OCTOBER 23, 2017

Previous work has relied on surveys and self-reported assessments — methods of data collecting that are prone to bias. Fortunately, the proliferation of digital communication data and the advancement of sensor technology have enabled us to more precisely measure workplace behavior. But this isn’t happening.

McKinsey 15

McKinsey Survey Content Company 15