Tag: mckinsey

AI, strategy

How AI is transforming strategy development – McKinsey

Colin Henderson

Citation: About the authors This article is a collaborative effort by Alexander D’Amico, Bruce Delteil, and Eric Hazan, with Andrea Tricoli and Antoine Montard, representing views from McKinsey’s Strategy & Corporate Finance Practice. At its core, strategy entails deriving insights from facts and data, developing real options based on those insights, making hard-to-reverse choices, and executing initiatives that convert those choices into value. Data analytics has assisted in this work for several decades, but never before has technology been able to not only augment and partially automate inputs into strategy but also combine them into complex analyses. In time, it may even recommend … Continue reading How AI is transforming strategy development – McKinsey

Growth, Innovation

Senior executives at leading companies reveal their commitment to move from defensive risk management to a forward-looking stance based on strategic resilience.

Colin Henderson

From risk management to strategic resilience March 9, 2022 | Article By Alfonso Natale,  Thomas Poppensieker, and Michael Thun PrintDownload Senior executives at leading companies reveal their commitment to move from defensive risk management to a forward-looking stance based on strategic resilience. https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/1230698668&color=%2307254d&inverse=false&auto_play=false&show_user=true DOWNLOADS Article (7 pages) In a volatile world, resilience is an increasingly critical prerequisite for corporate performance. The COVID-19 pandemic has caused a massive shock to public health, with dire human consequences. The crisis has dramatically demonstrated the sensitivity of economies to demand shocks as well as industry vulnerabilities to supply chain disruptions. Furthermore, the pandemic spread in an environment defined by … Continue reading Senior executives at leading companies reveal their commitment to move from defensive risk management to a forward-looking stance based on strategic resilience.

Innovation

The McKinsey guide to getting unstuck

Colin Henderson

Feeling stuck is often frustrating, but it’s a challenge that can be overcome. Unlock the most productive version of yourself with expert advice from CEOs, strategies for leveraging generative AI, and transformative approaches to diversity, career development, fostering purpose in the workplace, and more. How to get out of your own way September 1, 2024 – There are many ways we can be our own worst enemy, but awareness is half the battle. Prioritize holistic health in the workplace to unlock growth August 28, 2024 – Burnout can affect anyone, but it’s particularly common in high-pressure work environments. If this sounds like a common … Continue reading The McKinsey guide to getting unstuck

Innovation

Dual transformation: Optimizing the core and building new businesses

Colin Henderson

August 23, 2024 | Article By Ari Libarikian,  Chris Hagedorn,  Matt Banholzer, and Ryan NguyenShare PrintDownload With the economy still in flux, established companies could potentially unlock and sustain growth by building new businesses while simultaneously transforming the core. DOWNLOADS Article (8 pages) In recent years, the world has experienced significant disruptions to the global economy—with lasting effects. Elevated inflation, though easing in some parts of the world, remains a serious issue, and heightened geopolitical tensions show no signs of dissipating. High interest rates continue for now, and volatile commodity prices also persist. It’s become increasingly clear that these disruptions may not be temporary; rather, they … Continue reading Dual transformation: Optimizing the core and building new businesses

AI, Innovation

How breakout innovations feed growth momentum – McKinsey

Colin Henderson

Article (7 pages) People often speak of industry momentum as if it were a force of nature independent of individual companies’ actions—like the mysterious “ether” scientists once believed filled the universe and allowed light to travel. While demographics and macroeconomic factors outside organizations’ control do contribute to momentum, the trajectory and pace of industry growth very much rely on the innovation efforts of a sector’s constituent businesses. By harnessing technology and creating new offerings or business models, companies can forge new markets and propel new consumption. Our past analyses have shown that roughly 80 percent of a typical company’s growth comes from … Continue reading How breakout innovations feed growth momentum – McKinsey

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A New Way to View Change | Interaction

Colin Henderson

Most of us here are of the mind that there is a consequential change going on, and that change is driven by internet. Part of the reason that Banks have issues dealing with internet is that it is viewed as an add-on … a new access channel that is additive to the others such as branches and telephone. The change is more fundamental however. The way that a company acts, and implements online activities increasingly defines that company, and that includes Banks. In banking language we refer to self service however this is limiting and tends to place internet within … Continue reading A New Way to View Change | Interaction