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…

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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…

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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…

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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,…

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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…

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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.

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What is RegTech?

RegTech, or “regulatory technology,” refers to technologies that improve processes at financial-services organizations, particularly those related to risk and compliance.

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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.

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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,…

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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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