To Align Purpose and Profit, Company Culture Matters
Let’s be frank: the core purpose of a company is profit. But many firms also want to make an impact, whether it’s helping their customers solve a problem, filling a gap in a market, or promoting broader social change. In more-ambitious cases, these dueling motivations can create a seeming paradox: Is it possible to build a business and a better world at the same time? The answer, according to Kellogg’s…
Are Your Ads Truly Paying Off?
It’s a familiar experience for today’s online shoppers: seeing tailored offers and promoted items while you’re filling your cart. A search returns “sponsored” items at the top of the results, and embedded ads suggest additional purchases based on your browsing history. Picking out some pasta? Maybe you’d like to try this sauce. Typically order water filters every 6 months? Here’s a helpful reminder—and a recommended brand. These platforms, called retail…
Why Exit Planning Starts on Day One
The First 100 Days: Setting the Strategy in Motion The 100-day plan should reflect an informed, forward-leaning investment thesis. Sponsors must enter with a clear sense of how to create inroads into new segments, test adjacent plays, and elevate long-term initiatives from “potential” to “demonstrated.” The goal is not to finalize every move in the first three months, but to lay the groundwork. The most successful holds are those where…
The Reason Your Company Is Breaking Isn’t HR. It’s How You Built It
Somewhere between a resignation email and the fifth "team-building" lunch of the quarter, the CEO sighs: "We have an HR problem." But what if the problem isn’t HR? What if the problem is you built a company like a tent—and expected it to stand like a tower? We’re in an era where HR has become the scapegoat for everything a business hasn’t structurally addressed: toxic managers, flaky culture, burnout epidemics,…
HRH The Duke of Gloucester Visits University of Oxford’s Cutting-Edge Vaccine Facilities
The visit showcased Oxford’s global leadership in medical science and innovation, particularly in the areas of vaccine development and manufacture, and disease prevention. His Royal Highness was welcomed by His Majesty’s Lord-Lieutenant of Oxfordshire, Mrs Marjorie Glasgow, and received by Professor Irene Tracey, Vice-Chancellor of the University of Oxford. At the Clinical BioManufacturing Facility, His Royal Highness was introduced to Professor Catherine Green, Head of the Facility, Professor Dame Sarah…
The McKinsey Crossword: Human-Centric Leadership | No. 245
Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.
What’s trending in white goods? Durable, efficient, and affordable
How can OEMs navigate frugal consumers and shifting macroeconomics in the increasingly competitive white goods sector? We examine our latest global state of the industry customer survey to learn more.
What is RegTech?
RegTech, or “regulatory technology,” refers to technologies that improve processes at financial-services organizations, particularly those related to risk and compliance.
Mapping the US affordable housing crisis and unlocking opportunities for economic mobility
Securing rising living standards for all Americans requires action on the affordable housing shortage.
The data center balance: How US states can navigate the opportunities and challenges
State governments will need to balance a complex range of costs and a full view of the benefits as they weigh their strategies in data center development.
Rich in resilience: Dealmakers deliver strong first-half results in M&A
Nerves of steel or “same old, same old”? Either way, dealmakers stared down volatility, leading to higher global M&A activity in the first half of this year.
How to get your operating model transformation back on track
“All that work, and what did it get us?” Leaders feel frustrated when transformations fall short, but they can achieve their goals by avoiding six common pitfalls.
How agentic AI can change the way banks fight financial crime
Financial institutions are allocating significant resources to fighting financial crime, but they are generally making little progress. AI-based solutions may be an accelerator.
Author Talks: The five ‘cross-pressures’ that define leadership
How can leaders learn from disruption and pursue purpose? Stanford lecturer in management Robert E. Siegel shares a systems leadership playbook and transforms classroom lessons into boardroom learnings.
Slowing data growth: A new telecommunications paradigm?
Annual mobile-data growth rates are expected to fall from more than 50 percent in 2019 to as low as 10 percent in 2029. Will this lead to unprecedented competition or a new profitable era for telcos?
Dr. Rupal Malani on the way forward for clinical-care organizations
McKinsey’s Dr. Rupal Malani discusses changing policies and workforce shortages and how leaders are using M&A and AI to improve margins, operations, and care delivery.
How Toll transformed procurement into an enterprise value driver
What does it take to lead a procurement transformation that delivers lasting impact in a world where the function is asked to do everything from managing volatility to generating sustainability and savings?
The McKinsey Crossword: Rather Iffy | No. 244
Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.
Manufacturing in rural America: A plan for K–12–industry partnerships
A seismic threefold increase in advanced-manufacturing investment could transform rural America by driving economic growth, creating high-quality jobs, and revitalizing communities.
The speed-to-market imperative for life sciences capital delivery
Life sciences companies are spending big on new capital projects. Industry leaders who embrace capital excellence could secure a competitive edge.
Competitive advantage through cybersecurity: A board-level perspective
Five leading cybersecurity executives and public company directors discuss how chief information security officers and boards can work together to grow and protect their organizations.
Small towns, massive opportunity: Unlocking rural America’s potential
Six strategies could catalyze growth and improve the well-being and economic mobility of rural residents across the country.
Is It a Coin Flip or Is It Justice? It Could Be Both.
When a case reaches trial, the judge is expected to be an impartial referee who ensures that justice is served. But new research suggests that a judge’s ultimate decision is often as arbitrary as the flip of a coin—which may actually be a sign of a healthy justice system. Centuries of legal research have shown that judges often make decisions based on bias, chance, or other nonlegal considerations. For example,…
How Trade Secrets Fuel the International Auto Industry
In 2001, the Chinese auto industry sold fewer than a million cars. By 2017, it was responsible for more than a third of all the cars produced or sold on earth. Quality improved, too: between 2001 and 2014, malfunction rates in domestic Chinese passenger vehicles fell by 75 percent. How did this growth happen so quickly? Part of the answer has to do with “knowledge spillovers” from foreign auto firms…
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