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.” For example, at N2Growth, we have various ways to approach the assessment and evaluation portion of an executive search.

Execution 389

Execution Succession How To Process 389

N2Growth Blog

NOVEMBER 15, 2024

According to a report by McKinsey & Company , companies that leverage customer behavioral insights outperform peers by 85% in sales growth and more than 25% in gross margin. The Imperative of Data Analysis for Executives Executive Officers are tasked with navigating an ever-evolving consumer market.

Execution 195

Execution Strategy Marketing Strategy Strategic Planning 195

Leading Blog

FEBRUARY 19, 2020

Considering that most change efforts only succeed 30% of the time, Scott Keller and Bill Schaninger (both McKinsey partners) put forth a change model to increase the odds of success (upwards of 79% of the time) in Beyond Performance 2.0. So, any change effort will be more successful when you focus on both performance and health.

Hamel 307

Hamel Objective McKinsey Learning-by-Doing 307

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

N2Growth Blog

NOVEMBER 15, 2022

For example, executive coaching is often likened to general business coaching, which is an incorrect and potentially dangerous comparison to make. But a study by McKinsey revealed that in today’s business landscape, employees also want to feel valued by their organization.

Executive Coaching 322

Executive Coaching Execution Self-aware Company 322

QAspire

FEBRUARY 2, 2014

Views from a McKinsey article titled “ Why leadership-development programs fail ” concur with the reasons stated above. According to this McKinsey article, Focusing on context inevitably means equipping leaders with a small number of competencies (two to three) that will make a significant difference to performance.

Training 169

Training Development McKinsey Long-term 169

Leading Blog

OCTOBER 3, 2019

McKinsey alums Charles Conn and Rob McLean teach us how to be bulletproof problem solvers using a simple 7-steps approach. Business examples range from “Should my startup raise its prices?” Organizations are looking for people that can define problems and form solid creative responses. Yet these skills are rarely taught.

Disaggregation 242

Disaggregation Analysis McKinsey Process 242

Leading Blog

AUGUST 3, 2018

Gallo gives us example after example of how men and women have moved us through storytelling, by weaving a theme with logic, wisdom, and emotion. By concentrating on convincing people faster with fewer words, you are building a unique skill.” – The McKinsey Edge. And that narrative is something I want you to be a part of.

Open-book 240

Open-book Storytelling McKinsey Maturity 240

Marshall Goldsmith

DECEMBER 19, 2011

Leaders also need to "lead by example" and demonstrate this same passion. A role model for providing positive networking is strategy consulting firm McKinsey. McKinsey goes out of its way to provide a network for former employees. Professionals need to look forward to going to work in the morning. is a very common response!

McKinsey 152

McKinsey Loyalty Competitive Advantage Learning-by-Doing 152

leaderCommunicator

AUGUST 28, 2023

According to a 2021 McKinsey study , nearly 70% of employees are reflecting on purpose because of the pandemic. The same McKinsey study found that employees who say that they live their purpose at work are: 6.5 It’s often a deciding factor between choosing one brand or company over another.

Examples 78

Examples Company McKinsey How To 78

Leading Blog

JULY 1, 2023

In Power to the Middle, McKinsey thought leaders Bill Schaninger, Bryan Hancock, and Emily Field call for a profound reimagining of managers and their roles. In 16 concise lessons, hard won from real-world experience, this book uses practical examples to demonstrate how we can turn disasters into opportunities.

Books 264

Books Leadership Middle Management Chemicals 264

Great Leadership By Dan

APRIL 10, 2014

Ask your potential candidates for examples of when they have voiced a dissenting opinion. Jeremy has decades of consulting and performance improvement experience in business including at McKinsey & Co. For the lesser, everyday decisions, executives need to foster a culture that embraces an obligation to dissent.

Mission Statement 270

Mission Statement Document Execution McKinsey 270

Lead Change Blog

NOVEMBER 22, 2019

A number of recent surveys from McKinsey research have identified three traits that are becoming leadership imperatives to respond to this growing demand for social accountability. Millennials and Gen Z want to know that the businesses they engage with have a social purpose and are behaving in a responsible manner. Transparency.

Emotional Intelligence 209

Emotional Intelligence Supply Chain Short-term Leadership 209

Lead from Within

AUGUST 19, 2024

Here are seven tangible ways AI will boost your profits in your company, backed by real-world examples and data. A McKinsey study found that AI-driven pricing can increase profits by 5-10%. These are just a few examples of how AI boosts profits in companies across sectors.

Supply Chain 128

Supply Chain Company McKinsey Price 128

Great Results Team Building

SEPTEMBER 5, 2022

Way back in January 2014, in an issue of McKinsey Quarterly , a group of researchers attempted to answer this question: “Why do so many leadership development programs fail?” And the McKinsey article has been validated by other research… . Here is a short synopsis of those four reasons they identified: 1.

Leadership Development 147

Leadership Development Development Leadership McKinsey 147

Leading Blog

NOVEMBER 3, 2023

This tragic example demonstrates how silos can have real-world consequences. A study by McKinsey specific to the business-to-business (B2B) area suggests that businesses that optimize QTC for end-to-end accountability significantly outperform peers that don’t. logistics, and finance.

Industry 297

Industry Stage-Gate Organization Company 297

Great Leadership By Dan

MARCH 12, 2019

A McKinsey article published in April 2018, for example says that AI ‘creates space and time to think by filtering the signal from the noise’. Many see AI as a threat but it’s also an amazing opportunity.

Agility 256

Agility Leadership Open-book McKinsey 256

Lead on Purpose

AUGUST 14, 2009

Today’s post is a link to Stewart Rogers ‘ blog the Strategic Product Manager , which contains several great leadership quotes from McKinsey. Take a few minutes and learn about Leadership Lessons from McKinsey. 2 Responses Stewart Rogers , on August 18, 2009 at 6:40 am said: Thanks for the mention!

Rogers 100

Rogers McKinsey Leadership Taylorism 100

Great Results Team Building

MARCH 1, 2023

It is part of a live poll activiity… Here is an example of the results: In your organzations, your team members show up each day, in-person or virtually, hoping that YOU will demonstrate those traits.

Teamwork 170

Teamwork McKinsey Conference Survey 170

N2Growth Blog

SEPTEMBER 28, 2020

Just one example of Shook’s ability is found by looking at the number of other top CHROs who used to work for her at Accenture – she also happens to be the Chief Leadership Officer and it shows. Prior to joining Microsoft in 2003, Hogan was a partner at McKinsey & Co. and a development manager at Oracle Corp.

Human Resources 476

Human Resources Globalization Resources Diversity 476

CEO Blog

MAY 30, 2012

The book is written by three McKinsey and Company partners so the analysis is clean and full of good data but dry. The five proven strategies are not surprising, but it's the examples and interviews that provide the most important insights. The value of the book is designed for large, established companies. The strategies are: 1.

McKinsey 133

McKinsey Marketing Travel Strategy 133

LDRLB

FEBRUARY 18, 2013

The McDonalds example shows the importance of clarity in getting strategic changes made. If you change the strategy but don’t succeed in changing the company, then the strategy is wasted. Even worse, the company may not succeed in adapting in ways that allow it to grow and thrive. The changes are made by people.

Strategy 163

Strategy McKinsey Strategic Planning Fashion 163

Great Leadership By Dan

JANUARY 9, 2020

According a leadership survey conducted by McKinsey , U.S. They are role models in every sense of the word and set the example for others to follow. But what qualities do these leaders have that make them exude such strength of character, while other supposed leaders fall short? That’s the thing about leadership.

Quality 164

Quality Emotional Intelligence Self-aware McKinsey 164

Great Leadership By Dan

NOVEMBER 27, 2018

To illustrate that this thinking goes right to the top of hard-headed business thinking, in their ‘Reflections from Davos’ report regarding the 2018 meeting of the World Economic Forum, the managing partner of McKinsey was quoted as saying “the next innovation imperative will be social innovation – business’s role will be critical here.”

Brand 189

Brand Supply Chain Ethics Reputation 189

Persuasive Powerhouse

JANUARY 19, 2011

He has been a tank platoon leader, a McKinsey consultant, a senior executive, and now runs thoughtLEADERS – a leadership development and training firm. Think of parents, for example. Make it a New Year’s Resolution to identify and groom your replacement. Your team will thank you for doing so after you leave.

Training 257

Training Blog Greenleaf Maslow 257

Marshall Goldsmith

JUNE 16, 2013

For example, we assume our doctors know medicine, so we judge them on their bedside manner. What if you had to prepare a resume where you couldn’t highlight the elite college you graduated from, or your five years at McKinsey, or even your title at your current job? It’s not enough to be smart.

Chemicals 133

Chemicals Welch CFO CEO 133

Lead Change Blog

APRIL 7, 2020

Here’s an example of one such team ritual, and 35 other ideas to help you strengthen the bonds of your team.” Jon explains: “McKinsey & Company’s research suggests that 70 percent of change efforts fall short of their objectives or fail altogether. Follow Ken on Twitter @RapidStartLdr.

Leadership Development 238

Leadership Development Development Leadership Crisis 238

The Practical Leader

SEPTEMBER 28, 2011

Reporting on the largest global study of IT change ever conducted (1,471 projects), an Oxford University Said Business School professor and McKinsey & Co. consultant provides examples of entire companies that have failed because of badly implemented IT system changes. ” Click here for more quotes and findings from their book.

Project 55

Project McKinsey Emotional Intelligence Price 55

HR Digest

NOVEMBER 20, 2020

Behaviors like emotional intelligence, communication, and adaptability are examples. Coding, budgeting, and marketing operations are examples. Power skills are long-lasting, transferable across a number of work environments and roles, and can developed. They are often certified or obtained via special programs and degrees.

Skills 145

Skills Emotional Intelligence CFO Power 145

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. This example also speaks to the obligation of management and boards to challenge high-performing units as much as they challenge those that are troubled.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

Great Results Team Building

APRIL 10, 2024

Organize organziational story projects where teams from both sides give examples of what has gone well – and collaborate on what success should look like moving forward. Emphasize the strategic rationale for the merger and highlight cultural similarities found during diligence.

Team 162

Team Workshop Team Building Mission Statement 162

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. It can be mis-used – for example for ‘snooping’ on customers or staff. One example is the capability to slash energy use. Big Intelligence might be a better term.

Leadership Styles 83

Leadership Styles Human Capital Ethics McKinsey 83

The Practical Leader

APRIL 6, 2022

A recent report by McKinsey and Co. found the pandemic has caused half of employees surveyed to consider leaving their current job. This research also found that 70 percent of workers said their purpose is defined by their work. The Big Resignation is a big pain point for many organizations.

Mintzberg 111

Mintzberg Pharmaceuticals Energy McKinsey 111

Eric Jacobson

NOVEMBER 3, 2022

Take the mindset of “be bold”, for example. Secondly, because the leadership lessons are those forged among the highest profile, highest stakes, and most complex leadership positions, we see that many of the lessons also apply to the vast majority of leadership roles. Viewed through this lens, we hope any leader will find it helpful.

CEO 122

CEO Banking Learning-by-Doing McKinsey 122

Eric Jacobson

MARCH 14, 2022

Take the mindset of “be bold”, for example. Secondly, because the leadership lessons are those forged among the highest profile, highest stakes, and most complex leadership positions, we see that many of the lessons also apply to the vast majority of leadership roles. Viewed through this lens, we hope any leader will find it helpful.

CEO 120

CEO Banking Learning-by-Doing McKinsey 120

Strategy Driven

MAY 2, 2019

We show numerous examples from return on invested capital logic trees, to logic trees that help you decide whether to put solar panels on your roof. McLean is a Director Emeritus of McKinsey and Company and led the Australian and New Zealand McKinsey practice for eight years. Are our priorities for analysis the right ones?

Process 68

Process Strategy Disaggregation Agility 68

Marshall Goldsmith

MAY 19, 2013

A classic example was the old Bell System. A classic example of a new-world organization is AT&T Wireless Services (formerly McCaw Cellular Communications); which AT&T paid twelve billion dollars to acquire. Many organizations have historically operated on the “there is one best way” school of management.

Follow-up 147

Follow-up Learning-by-Doing Wireless Drucker 147