Business, Management, Marketing, Money, Tax, Law, People

The healthcare ecosystem is highly complex, often leaving patients frustrated with their experiences and sometimes unable to access the care they need when they need it. So what can be done? In the latest episode of the McKinsey on Healthcare podcast, senior partner Drew Ungerman, global leader of McKinsey’s social, healthcare, and public sector entities work and global coleader of the McKinsey Health Institute, shares his thoughts on the intersection…

Materials value chains are complex and span the entire globe, and they represent 20 percent of global greenhouse gas (GHG) emissions. To reach net-zero targets, the world is undergoing a materials transition in tandem with the ongoing energy and mobility transitions. Organizations around the world are making net-zero and circularity pledges to support this transition and decarbonize. Increasingly, consumers and governments are championing regulations and policies that promote a circular…

It’s easy for a start-up culture to survive in a new corporate venture that comprises just a handful of like-minded people. But when corporate ventures grow to hundreds or even thousands of people, the culture can break down. To avoid this outcome, the venture’s leaders can systematically build and maintain a healthy culture that takes the unique corporate context into account. The cost of not doing so can be high.…

According to CEO and Managing Director T. V. Narendran, Tata Steel has been actively pursuing environmental, social, and governance (ESG) ideals since its establishment in 1907. For instance, founder J. N. Tata did not want the company to replicate the problems English laborers experienced during the industrial development of the 1800s, so he built workers’ accommodations close to steel factories. In the 1920s, Tata Steel instituted an eight-hour workday, introduced…

Europe’s technology ecosystem stands at a turning point. While this ecosystem has matured significantly over the past decade, persistent structural barriers—fragmented markets, conservative corporate norms, and a slower flow of late-stage capital relative to early-stage investment—continue to constrain the region’s ability to scale global champions. However, a rare alignment of geopolitical, regulatory, and technological shifts is creating new momentum and, with it, a window to build global leadership. This report…

To millennials and Gen Zers, wellness has become a daily, personalized practice rather than a set of occasional activities or purchases. As this shift takes hold, it’s influencing the direction of the $2 trillion global wellness industry, which is expanding beyond its core categories. Even though younger demographics may be pushing the industry forward, older consumers, too, are becoming more interested in an expanding definition of wellness. In our fourth…

Every year, millions of tourists flock to Italy to take in cultural sites and, of course, shop. Italy is home to major global fashion brands and storied craftsmanship, playing a critical role in the global fashion industry. There may be high foot traffic on Via Montenapoleone in Milan or Via Tornabuoni in Florence, but the Italian fashion sector nevertheless faces several challenges, some of which are homegrown, while others are…

Most CEOs recognize the transformation opportunities inherent in an M&A transaction. As we’ve noted previously, the deal can be a catalyst for reimagining the strategy of the combined business; identifying and pursuing new sources of value; enhancing operations, or the way the business executes on its strategy; and attracting and developing new talent and capabilities. Of those four opportunities, the last one—the talent factor—holds perhaps the most promise in terms of…

Advertising is the industry that won’t sit still. Over the past three decades, the industry has morphed again and again. Brands once reached people primarily through mass media like TV, print, and radio, gaining precious few consumer insights. The internet changed all that with targeted and interactive campaigns online. More recently, retail media networks (RMNs) helped retailers enter the media business. Leveraging shopper and transaction data, RMNs help brands reach prospective…