HR Digest

FEBRUARY 7, 2022

In fact, it were the L&D teams that were instrumental in bringing about wider acceptance of innovative measures, processes and strategies, including reimagining how employees learn to work in a digitized world. Training Remote Managers. It is feasible and a good cost-effective alternative. Training modules will be hybrid.

Efficiency 105

Efficiency Operations Training Diversity 105

Jesse Lyn Stoner Blog

NOVEMBER 15, 2012

Anyone can be collaborative leader—whether you are the CEO, a mid-level manager or a front-line supervisor. Diversity is the bedrock of innovation. . Although hierarchical organizations have advantages in terms of efficiency, there is a huge opportunity cost in not accessing the full potential of everyone in the organization.

Competitive Advantage 282

Competitive Advantage McKinsey Creativity Diversity 282

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. This is largely because education coincides with happiness, so the more educated we are, the happier we tend to be.

Education 116

Education Learning-by-Doing Skills McKinsey 116

HR Digest

NOVEMBER 4, 2023

According to Gallup , replacing an employee can cost between one-half to two times their annual salary. Essentially, a 100-person organization with a $50,000 average salary could see replacement costs of over $660,000 to $2.6 There are many reasons why employers and their HR professionals should prioritize employee retention.

Process 59

Process Attrition Trends Training 59

The Horizons Tracker

OCTOBER 30, 2019

Consulting giant McKinsey recently argued that the talk about Asian economic hegemony has been largely underestimated. billion raised by the wealth management platform Lufax. There is also a supportive regulatory environment that has helped fintech innovators to emerge. Digital dominance.

Marketing 45

Marketing McKinsey Innovation GDP 45

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. For every 100 men promoted to manager, only 85 women were promoted. . Computer and information systems managers. Human Resource Managers.

Human Resources 52

Human Resources Chemicals Software Engineering 52

Strategy Driven

JULY 13, 2011

While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out. Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

Mills Scofield

APRIL 15, 2014

Trust is a tool to assess and manage (reduce and/or increase) risk, depending on the situation. As we let ourselves be vulnerable, we also leave ourselves more open to new ideas, new ways of thinking which leads to empathy and innovation. Energy Management raises the issue of perfection. No instrument can play everything.

Efficiency 132

Efficiency Energy Senge Resources 132

The Horizons Tracker

AUGUST 1, 2019

The alarming nature of the statistic understandably triggered considerable discussion, with various other bodies, from the OECD to McKinsey producing similar research complete with their own predictions for the future of work.

Technology 71

Technology Short-term Osborne Long-term 71

Harvard Business Review

DECEMBER 24, 2013

The result, I think, is a set of ideas that together are important, useful, and original, and that feel like quite an accurate account of the management concerns many of us shared in 2013. The right kind of project management — and project manager — really matters. government, excellent project management is extremely rare.

Management 20

Management Health Care Middle Management Agility 20

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 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

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. Many of the small and midsize manufacturers that did manage to survive kept going by cutting costs, which has led to stagnant wage growth.

Supply Chain 8

Supply Chain McKinsey Incentives Bottom-up 8

Harvard Business Review

JUNE 5, 2012

If you can't find 'em, you better keep 'em and train 'em, say three McKinsey consultants writing in their firm's eponymous quarterly. You'll be grooming more complete managers and exposing your talent to a broader array of opportunities. It's an "irreplaceable motivator for high-performing technology staff," McKinsey reports.

Development 14

Development McKinsey CFO Competitive Advantage 14

Harvard Business Review

MAY 30, 2012

The Elusive Emerging Market Consumer (McKinsey Quarterly). Most of us are well aware of the growth potential of emerging-market consumers, an opportunity McKinsey estimates could exceed $20 trillion annually by 2020. 12 Tips To Encourage Innovation (VentureBeat). Do with this as you will. LOCATION, LOCATION, PRICE.

McKinsey 12

McKinsey Price Tips Budgeting 12

Harvard Business Review

MAY 15, 2015

New reports from McKinsey and PwC paint a very bleak picture of C-suite succession practices in today’s corporations. PwC, meanwhile, calculated the economic cost of large global companies getting their most important C-suite appointment – CEO – wrong: well over $100 billion.

Succession 8

Succession Human Capital McKinsey Committee 8

Harvard Business Review

OCTOBER 31, 2014

In its “State of Human Capital” report , McKinsey found that people in HR still largely have “a support-function mindset, a low tolerance for risk, and a limited sense of strategic ‘authorship’” — all of which has led to “low status among executive peers, no budget for innovation, and a ‘zero-defects’ mentality.”.

Human Capital 14

Human Capital Charan Human Resources Cost 14

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 15

McKinsey Efficiency Long-term Analysis 15

Harvard Business Review

MARCH 30, 2016

Research by McKinsey shows that, on average, 30% of corporate earnings are at stake when it comes to a company’s relationships with society. As a global survey conducted by McKinsey shows, only 21% of business executives think their company frequently engages successfully. Apply world-class management. Engage radically.

Company 8

Company McKinsey Short-term Long-term 8

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). GDP growth a year across the period. Second is that returns for front-runners tend to be large.

GDP 10

GDP McKinsey Long-term Technology 10

Harvard Business Review

SEPTEMBER 13, 2017

And as innovation brings self-driving cars, electric vehicles, in-vehicle data connectivity, mechanisms for sharing rides and vehicles, and other technologies to more people, getting around cities will become easier, faster, and safer. The shift to next-generation mobility systems, however, won’t be easy for cities to manage.

Transportation 10

Transportation Technology GDP Policies 10

Harvard Business Review

NOVEMBER 22, 2017

Increasing value in health care is a top priority for health systems, payers, and policy makers across the globe, as health care costs continue to escalate and consume an ever-greater proportion of national expenditures. Identify and stratify patients by disease severity to manage population health.

Health Care 8

Health Care Content Chief Information Officer Efficiency 8

Harvard Business Review

APRIL 18, 2017

They will fail not because AI is all hype, but because companies are approaching AI-driven innovation incorrectly. Recent research from McKinsey Global Institute found that 45% of work activities could potentially be automated by today’s technologies, and 80% of that is enabled by machine learning. Related Video.

Insurance 10

Insurance Video Project Long-term 10

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.

Entrepreneur 15

Entrepreneur Glocalization Survey McKinsey 15

Harvard Business Review

OCTOBER 25, 2018

In our recent research at the McKinsey Global Institute, we examined the superstar phenomenon across firms, as well as sectors and cities. To analyze the superstar dynamics of firms, our metric was economic profit, a measure of a firm’s profit above and beyond opportunity cost. (To Wider dynamics may be at play.

Industry 12

Industry Company GDP Bottom-up 12

Harvard Business Review

MARCH 8, 2013

The smartest minds in social innovation are increasingly committed to engaging with the private sector to make significant changes in areas like health, education, and poverty. What happens when you reverse that model and place these investments at the front-end of your corporate innovation strategy? The Innovation Continuum.

Entrepreneur 8

Entrepreneur Porter Team Innovation 8

Harvard Business Review

JANUARY 31, 2013

First we see major shifts in demand: developing economies such as China and India are morphing from the world's source of low-cost manufacturing capacity to the world's best market opportunities. Then, manufacturing's most important role is as a driver of innovation, trade, and productivity.

Globalization 9

Globalization Supply Chain Pharmaceuticals McKinsey 9

Harvard Business Review

NOVEMBER 4, 2016

A 2015 McKinsey report on 366 public companies found that those in the top quartile for ethnic and racial diversity in management were 35% more likely to have financial returns above their industry mean, and those in the top quartile for gender diversity were 15% more likely to have returns above the industry mean.

Diversity 8

Diversity Team Price Sharpe 8

Harvard Business Review

AUGUST 16, 2017

Managing Climate Change: Lessons from the U.S. Global Managing Partner, McKinsey & Co. Regardless of your views on the who, what, when, and why of climate change, the pursuit of sustainable processes up and down supply chains can translate into immediate savings — and opportunities for innovation. by Forest L.

Project 8

Project Henderson Supply Chain Short-term 8

Harvard Business Review

JULY 9, 2018

For example, in Berlin alone, the list includes Axel Springer, Bayer, Lufthansa, McKinsey, Boston Consulting Group, EON, RWE, Deutsche Bahn, Metro and ProSieben — all have established accelerator programs that aim to cultivate an entrepreneurial mindset and disrupt existing business models. Seeing bottom-up initiatives through.

Bottom-up 9

Bottom-up Operations Training Efficiency 9

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. Take, for example, the role of a marketing manager or executive in a consumer products company.

Osborne 8

Osborne Technology McKinsey Marketing 8

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

JANUARY 25, 2012

Data-driven managers, departments, and organizations have always enjoyed distinct advantages. The data-driven have crafted the best strategies, uncovered wholly new markets, and kept operational costs low. The McKinsey report on Big Data suggests the U.S. Start by gathering a critical mass of these managers. Together.".

Organization 15

Organization Telecommunications McKinsey Price 15

Harvard Business Review

JULY 20, 2011

For all of the fervor around innovation, far too many organizations are hostile places for new ideas and the people who harbor them. All too often, new ideas are cooked up in a hothouse environment, like the executive inner sanctum or an invitation-only innovation offsite, and not shared widely until they've been sanctioned from on high.

Innovation 13

Innovation Webinar Proposal Hamel 13

Harvard Business Review

DECEMBER 11, 2018

” A 10-year McKinsey study on flow found that top executives are up to 500% more productive when they’re in a state of flow. I conducted a two-week, six-hour workday experiment with my team at Collective Campus, an innovation accelerator based in Melbourne, Australia. How to Foster a Shorter, More Productive Workday.

Outsourcing 15

Outsourcing Stress Productivity Products 15

Harvard Business Review

OCTOBER 21, 2016

These require sophisticated, sustainability-based management. Yet executives are often reluctant to place sustainability core to their company’s business strategy in the mistaken belief that the costs outweigh the benefits. ” Improving risk management. Fostering innovation.

Supply Chain 8

Supply Chain Price Loyalty Efficiency 8

Harvard Business Review

SEPTEMBER 28, 2012

Google may not have a hedge fund, but it's unlikely that high IQ hedge funds aren't using Google's data to better manage their own situational awareness and risk. The same investment logic holds for Apple's innovation ecosystem; the flow and fortune of its third-party apps development alone would yield valuable insight. More >>.

Hedge 15

Hedge Core Competence CFO ROI 15