article thumbnail

How to Ensure Your Organization’s Digital Transformation Succeeds

Leading Blog

To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8 Subsequently, its market share plummeted by 90 percent. 24, 2023), shares how to drive a new level of operating efficiency and agility necessary to thrive in this digital era.

How To 260
article thumbnail

How to Win in Africa

Leading Blog

Authors Acha Leke, Mutsa Chironga and Georges Desvaux of McKinsey and Company, take a different view in Africa’s Business Revolution. They say business leaders tend to “underestimate Africa’s size and potential as a market, and overestimate the challenges of doing business there.”. Africa is the next growth market.

How To 252
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Speak Your Truth So That Others Can Hear It

Leading Blog

It’s like a jazz musi-cian who learns how to play his own instrument and then makes sure to leave room for the rest of the ensemble to contribute their notes. Prior to founding Co-Creation Partners, he was a consultant with McKinsey and Company, most recently as a leader in their Organization Practice in North America.

McKinsey 383
article thumbnail

Executive Coaching Company Breakdown: How to Get the Most Out of Coaching for Strategic Change

N2Growth Blog

So, the question remains: when these top executives want to optimize their performance, become more self-aware, and improve their margins even further, how can they do so? But a study by McKinsey revealed that in today’s business landscape, employees also want to feel valued by their organization.

article thumbnail

How to Build a Team of Innovators

Great Leadership By Dan

According to McKinsey , many CEOs struggle to identify people good at innovation -- the “intrapreneurs” within their organizations who possess the rare mix of skills, motivation and attitude to successfully bring new ideas to market. Most of these teams struggle to innovate, often delivering incremental improvements at best.

article thumbnail

Reskilling the Future of Work

HR Digest

In a recent McKinsey Global Survey on the future of workforce needs, nearly nine in ten executives and managers say their organizations either face skills gap already or expect gaps to develop within the next five years. But less than half of the respondents had a clear sense of how to address the problem. ACCELERATING UPSKILL.

McKinsey 134
article thumbnail

Are You Squandering Money on Acquiring Rather than Retaining Customers?

The Practical Leader

But how to quantify that to show senior executives the value of building a customer-centered culture? We assume that happy customers reduce ongoing service costs and lower sales/marketing costs through referrals, viral word of mouth, positive ratings, and raving social media fans. How much money in sales and marketing are you wasting?

McKinsey 124