Strategy Driven

NOVEMBER 20, 2023

A McKinsey survey found that 82% of companies don’t believe they recruit highly talented people, and only 7% think they can retain top talent once hired. The key lies in understanding the dynamic relationship between operational systems, employee engagement, and talent development.

Operations 119

Operations Loyalty Efficiency Human Capital 119

N2Growth Blog

OCTOBER 8, 2023

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.” Sure, your executive needs to learn how to use your computer systems, ensure paperwork is filled out, and get the general lay of the land.

Execution 340

Execution Succession How To Process 340

Lead Change Blog

MARCH 19, 2020

McKinsey & Company’s research suggests that 70 percent of change efforts fall short of their objectives or fail altogether. For example, a healthcare provider might define a patient no-show problem as: “One-sixth of our patients don’t show up for their appointments due to the lack of an automated reminder system.”.

Due Diligence 211

Due Diligence Cost-Benefit Analysis Proposal How To 211

The Practical Leader

DECEMBER 9, 2020

” A study co-authored by Disney Institute and McKinsey & Company reports that “companies offering an exceptional customer experience can exceed their peers’ gross margin by more than 26 percent. That brings customers in the front door. So many new customers slip quietly out the back door, never to return.

McKinsey 124

McKinsey Human Resources Insurance Cost 124

Eric Jacobson

MARCH 20, 2021

These authors share that digital winners focus on : Balancing fast execution with deliberate direction-setting Developing systems so that knowledge is shared not siloed. After really studying the challenge, they decided to take the time to develop their own systems. Building a culture of continuous and practical learning.

McKinsey 65

McKinsey B2C Telecommunications Learning-by-Doing 65

Eric Jacobson

JANUARY 30, 2021

These authors share that digital winners focus on : Balancing fast execution with deliberate direction-setting Developing systems so that knowledge is shared not siloed. After really studying the challenge, they decided to take the time to develop their own systems. Building a culture of continuous and practical learning.

McKinsey 65

McKinsey B2C Telecommunications Globalization 65

The Horizons Tracker

SEPTEMBER 26, 2023

In The Ecosystem Economy , McKinsey’s Venkat Atluri and Miklos Dietz paint a picture of the future of education that will see the ways in which we learn transformed. Unequal access There are also continuing concerns that university is the preserve of those from well-off families.

Education 117

Education Learning-by-Doing Skills McKinsey 117

QAspire

FEBRUARY 23, 2016

I have been a part of systems that were transformed, companies that were acquired, companies that could not pull of a successful transformation and the ones that did. My observation is – a majority of transformation initiatives fail because of lack of system thinking. Transformation requires systems thinking.”. Natural Laws.

McKinsey 70

McKinsey Restructuring System Article 70

Leading Blog

MARCH 31, 2016

How technology is creating a new world of work via @McKinsey. How technology is creating a new world of work via @McKinsey. What’s Your Organization’s Values Operating System? FT: We prefer bad bosses to be 100% horrible. The Cost Of Waiting by @scedmonds. The Dilemma Of The Servant Leader by @LollyDaskal. by @scedmonds.

Servant Leader 150

Servant Leader McKinsey Strategic Planning Open-book 150

HR Digest

SEPTEMBER 29, 2023

In addition to the employee disengagement statistics, McKinsey ’s research has indicated that disengagement and any resulting attrition could cost a median-size S&P 500 company between $228-$355 million a year in lost productivity. Is the Remote Work Impact Really That Significant?

Attrition 97

Attrition Trends McKinsey Survey 97

HR Digest

OCTOBER 22, 2018

Most CEOs rank HRs as the eighth most important function in their organization, according to a research by McKinsey. McKinsey found that companies that shifted more than 56% of their capital across businesses recorded 30% more returns while studying resource allocation pattern of more than 1,500 US companies over 15 years.

CEO 63

CEO CFO McKinsey Human Resources 63

Skip Prichard

MAY 22, 2019

One interesting future conversation point here is, we do have a tendency to apply human traits to AI systems. In a sense it’s cognitive shorthand for contextualizing what an AI system can help achieve, so when we say co-author, we define it on 3 levels. AI to the Rescue. Read the rest of this post.

Content 88

Content Innovation Creativity McKinsey 88

First Friday Book Synopsis

AUGUST 25, 2013

of the Oxford Princeton Program) in “The Corner Office” Compelling People Dave Kerpen HBR Huffington Post Hugh Martin (chief executive of Sensity Systems) in “The Corner Office” Inc.

Blog 75

Blog ROI Film McKinsey 75

The Practical Leader

DECEMBER 3, 2019

During a break in a recent leadership development workshop, I talked with the HR Director (let’s call him Rich) about all the work they were putting into revamping the organization’s promotion and performance management system. Rich said they were basing their promotion process on their performance appraisal and rating system.

Leadership Development 80

Leadership Development Development Leadership Human Capital 80

The Horizons Tracker

JANUARY 19, 2022

In countries where education systems are strong and financial markets deep, the estimated effect of foreign technology adoption on productivity growth—through trade, foreign direct investment or learning-by-doing—is particularly large”. “Knowledge transfer between countries is an important driver of innovation,” they say. “In

Diversity 137

Diversity Entrepreneur Innovation Gordon 137

First Friday Book Synopsis

MAY 2, 2011

Once again, McKinsey & Company offers (at no cost) an exceptionally valuable resource, in this instance Eric Schmidt‘s conversation with McKinsey director James Manyika about business culture, technology, and social issues.

Technology 85

Technology McKinsey Execution Education 85

HR Digest

JANUARY 6, 2024

While the thought of a 3-day workweek sounds almost like a pleasant system, it remains tinged by the fear of AI and job redundancies. McKinsey ’s research into AI and its predictions about the future of work has a lot of useful insight to offer. Shorter Workweeks: Where Do We Stand? trillion to $5.8 trillion in annual value.

Hedge 52

Hedge McKinsey Technology Learning-by-Doing 52

First Friday Book Synopsis

MARCH 26, 2011

Here is an article written by Nora Gardner, William Wolf, and Devin McGranahan for The McKinsey Quarterly website, published by McKinsey & Company. Although the thrust of the material is focused on larger organizations, there are some key points relevant to all organizations, whatever their size and nature may be.

McKinsey 80

McKinsey How To Article Company 80

LDRLB

MAY 9, 2012

Part One covers participative problem solving with cases from NASA to McKinsey & Co. Part Two considers the use of technology and analytics to aid decision making with cases EMC and the Charlotte-Mecklenberg School System.

McKinsey 128

McKinsey Case Study Participative Media 128

LDRLB

DECEMBER 1, 2011

I’ve recently become fascinated with patent trolls – companies that buy patents for systems or technologies that others are already using for the sole purpose of selling them. If strategy is patentable, then are we on the verge of companies like McKinsey or Bain becoming patent trolls themselves?

Strategy 109

Strategy McKinsey Reference Consultative 109

The Practical Leader

SEPTEMBER 28, 2011

Many organizations are implementing significant overhauls of their IT systems. Reporting on the largest global study of IT change ever conducted (1,471 projects), an Oxford University Said Business School professor and McKinsey & Co. The largest study ever done on organizational transformation was conducted by McKinsey & Co.

Project 55

Project McKinsey Emotional Intelligence Price 55

First Friday Book Synopsis

APRIL 13, 2012

In the winning entries in a contest co-sponsored McKinsey & Company with Gary Hamel’s Management Innovation eXchange (MIX) and Harvard Business Review, the authors of seven articles reveal executive thinking on the importance of engaging employees in an open and realistic way.

McKinsey 80

McKinsey Review Innovation Article 80

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. BOTTOMLINE: Companies should think about strategy in terms of what is possible for them - where their core competencies lie.

Operations 98

Operations Strategy Core Competence McKinsey 98

First Friday Book Synopsis

APRIL 5, 2011

Here are brief excerpts from two articles featured by McKinsey & Company. I suggest you read them in the order in which they appear here, then click where indicated to read each in its entirety. I presume to suggest, further, that you register to receive email updates on other resources that are also available at [.].

Crisis 80

Crisis McKinsey Resources Article 80

First Friday Book Synopsis

FEBRUARY 7, 2011

Patrick Viguerie for The McKinsey Quarterly. Here is an excerpt from an article co-authored by Peter Bisson, Elizabeth Stephenson, and S.

Stephenson 85

Stephenson Productivity Products McKinsey 85

LDRLB

MAY 9, 2012

Part One covers participative problem solving with cases from NASA to McKinsey & Co. Part Two considers the use of technology and analytics to aid decision making with cases EMC and the Charlotte-Mecklenberg School System.

McKinsey 74

McKinsey Case Study Review Participative 74

LDRLB

DECEMBER 1, 2011

I’ve recently become fascinated with patent trolls – companies that buy patents for systems or technologies that others are already using for the sole purpose of selling them. If strategy is patentable, then are we on the verge of companies like McKinsey or Bain becoming patent trolls themselves?

Strategy 68

Strategy McKinsey Reference Resources 68

LDRLB

OCTOBER 4, 2011

More than one marketing powerhouse that I’m acquainted with has internal systems and procedures that would amaze you with their ineptness, diseconomy, and resistance to truly fundamental improvement. McKinsey Quarterly (free subscription). And the techniques themselves can be great fun.

Wilde 101

Wilde Innovation Resistance Leadership 101

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. Some executives lost time by wasting too many hours online. Others got distracted by meetings, motivating their staff, or handling chronic emergencies.

Tools 133

Tools Productivity Products Company 133

The Idolbuster

AUGUST 8, 2012

McKinsey 7S Model. Moreover, this “idol worship” brings with it adoption of a value system other than the universal value system espoused by the Golden Rule *. Moreover, this “idol worship” brings with it adoption of a value system other than the universal value system espoused by the Golden Rule *. See the image).

Organization 36

Organization McKinsey Organizational Behavior System 36

LDRLB

OCTOBER 4, 2011

More than one marketing powerhouse that I’m acquainted with has internal systems and procedures that would amaze you with their ineptness, diseconomy, and resistance to truly fundamental improvement. McKinsey Quarterly (free subscription). And the techniques themselves can be great fun. Innovation creativity innovation'

Wilde 90

Wilde Innovation Resistance Leadership 90

The Practical Leader

AUGUST 20, 2012

At risk of sounding like a sleazy late night TV pitch man; Zenger Folkman’s Strengths-Based Leadership Development System is a major revolution in our field. This was clearly identified in a McKinsey & Company large scale global survey of CEOs and senior executives where 76 percent cited leadership development as important.

Leadership Development 53

Leadership Development Development Leadership McKinsey 53

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. The new system involves photographing customers, and gathering demographic information in real time. Companies that just leave these matters for the IT department are most likely doomed.

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. Computer and information systems managers. Education administrators manage the administration, support systems and activities at an educational institution.

Human Resources 52

Human Resources Chemicals Software Engineering 52

HR Digest

NOVEMBER 9, 2023

As 2023 draws to a close and companies begin to settle on the wages and hikes for the next year, the question of how to create an equitable compensation system might flash in everyone’s mind—if briefly. Building a conscious pay system requires conscious policies and practices that support such an initiative. percent of the U.S.

System 52

System How To Benchmarking Diversity 52

The Practical Leader

AUGUST 20, 2012

At risk of sounding like a sleazy late night TV pitch man; Zenger Folkman’s Strengths-Based Leadership Development System is a major revolution in our field. This was clearly identified in a McKinsey & Company large scale global survey of CEOs and senior executives where 76 percent cited leadership development as important.

Leadership Development 45

Leadership Development Development Leadership McKinsey 45

N2Growth Blog

SEPTEMBER 28, 2020

Prior to joining Microsoft in 2003, Hogan was a partner at McKinsey & Co. Goldsmith has also previously served as CHRO at Ventana Medical Systems and as divisional vice president of human resources at The Home Depot. and a development manager at Oracle Corp. Hoffmann-La Roche.

Human Resources 469

Human Resources Globalization Diversity Resources 469