Whether you’re interested in setting clear financial goals, saving to buy a property or planning an enjoyable retirement, a positive side-effect of getting a solid plan in place is the impact it makes on your financial wellbeing. Strong financial wellbeing comes when you’ve built a good relationship with your money and have peace of mind about your financial circumstances. These elements enable you to thrive, whatever your stage of life. In our…
Media executive and entrepreneur Uday Shankar has played a key role in the transformation of entertainment and media in India and the Asia–Pacific region over the past three decades. After getting his start in journalism, Shankar transitioned to the entertainment business in 2007 as CEO of Star India, part of News Corp. He later went on to hold executive roles at 21st Century Fox (Asia) and Disney (Asia–Pacific). While at…
Topics Leadership Talent Management Carolyn Geason-Beissel/MIT SMR | Getty Images Selecting the right candidate for an executive role ranks high on the list of the most consequential organizational decisions. But despite employing the common tools of due diligence when assessing whether someone will perform well in the role, most companies’ predictive powers rank alongside astrology in reliability. Organizations consistently make poor hiring decisions, but they rarely rethink their approaches. Despite…
Microsoft’s Digital Crimes Unit (DCU) is disrupting the technical infrastructure used by a persistent Russian nation-state actor Microsoft Threat Intelligence tracks as Star Blizzard. Today, the United States District Court for the District of Columbia unsealed a civil action brought by Microsoft’s DCU, including its order authorizing Microsoft to seize 66 unique domains used by Star Blizzard in cyberattacks targeting Microsoft customers globally, including throughout the United States. Between January…
Q: What questions have guided your career? The question I began with was, “What drives inequality in society?” Early projects led me to believe that the way organizations structure themselves and manage their employment relationships has a significant impact on why some people get ahead and some people don’t. At the time, organizations were getting essentially no attention from scholars interested in inequality, so it was an area where I…
In the US, while the foundations of recent growth, tenacious beyond expectations, are showing some cracks, there are reasons to hope that they will not become too deep. On the one hand, we can count on the positive effects of an earlier cycle of monetary easing and, on the other, on the solid financial position of households, whose net worth has risen considerably thanks to strong gains in equities and…
Quick Hits Newly enacted AB 2499 expands the FEHA by making it unlawful to discriminate or retaliate against an employee for taking time off from work for jury duty or to comply with a subpoena or other court order as a witness in a judicial proceeding, or, if the employee is a victim (i.e., an individual against whom a “qualifying act of violence” has been committed) or has a family…
Hinton (King’s 1967) and Hopfield were awarded the prize “for foundational discoveries and inventions that enable machine learning with artificial neural networks.” Hinton, who is known as the ‘Godfather of AI’ is Emeritus Professor of Computer Science at the University of Toronto. He is the 122nd member of the University of Cambridge to be awarded the Nobel Prize.This year’s two Nobel Laureates in Physics have used tools from physics to…
E-commerce is undergoing a fundamental change that is reshaping how customers buy and companies sell. While generative AI (gen AI) has grabbed the attention of executives over the past year, a quieter wave of technology-driven innovation is washing over almost every aspect of e-commerce. This technology infusion is powering a much more comprehensive and integrated version of next-gen e-commerce, in which a broad ecosystem of capabilities—such as R&D, logistics, warehousing,…
Using ultra-high-resolution scanners that can see the living brain in fine detail, researchers from the Universities of Cambridge and Oxford were able to observe the damaging effects Covid-19 can have on the brain.The study team scanned the brains of 30 people who had been admitted to hospital with severe Covid-19 early in the pandemic, before vaccines were available. The researchers found that Covid-19 infection damages the region of the brainstem…
Leaders can help more employees upskill, reskill, and adapt to change by applying four key strategies. Wendy Tan and Joo-Seng Tan October 07, 2024 Reading Time: 7 min Carolyn Geason-Beissel/MIT SMR | Getty Images Amid the ever-increasing frequency and complexity of job changes and career transitions people experience, the notion of “one life, one career” has given rise to the phenomenon of a “portfolio career” that comprises a variety of…
The first article in this series provided a general overview of the OSH Act and OSHA; the second article examined OSHA’s rulemaking process; the third article reviewed an employer’s duty to comply with standards; the fourth article discussed the general duty clause; the fifth article addressed OSHA’s recordkeeping requirements; the sixth article covered employees’ and employers’ respective rights; the seventh article addressed whistleblower issues; and the eighth article covered the…
Pundits love a political horse race, parsing the latest polls to predict who might win an election. And in the final runup to the US presidential contest, these forecasts can influence markets and shape public opinion and policies.But as America heads to the polls in November, new research warns forecasters to use caution with one large body of data: past demographic voting trends. Analyzing census figures and US presidential and…
For the first time ever, the Michelin guide has released its ‘keys’ for hotels in the UK & Ireland; part of its refresh for their hotel section. They see it as delivering the same level of recommendation for hotels, as it does for restaurants, with the keys equating to the following: One Key: a very special stay. Two Keys: an exceptional stay. Three Keys: an extraordinary stay. In their first…
How to effectively design, implement, and evolve a Target Operating Model A Target Operating Model (TOM) serves as the blueprint for how an organisation should function to achieve its goals. This article explores key elements such as strategy, value chains, enterprise architecture, roles, culture, and performance. It provides practical insights on how to effectively design, implement, and evolve a TOM. Reading time: 3 minutes You may well have come across…
Marketers are naturally creative and have always thought outside the box in terms of how to be more efficient while delivering products and services. Many have started to look at how AI may increase their brand visibility. The approach has always been to craft messaging and communicate through storytelling in an effort to build strong relationships with their potential clients which leads to brand loyalty. Artificial intelligence (AI) and its…
Leadership is never easy—not for nothing did Shakespeare write, “Uneasy lies the head that wears the crown.” The job of leader may seem even more imposing these days given a range of micro- and macro- social, economic, and geopolitical forces. But amid the challenges, there is always the opportunity for growth, says Daniel Vasella, the former chairman and CEO of Novartis AG. Vasella has counseled hundreds of global CEOs through…
In September 2024, Taylor Swift and Travis Kelce marked their first anniversary, and rumours of marriage have intensified. It is reported that the couple has discussed needing a Prenuptial Agreement before getting engaged, with Swift’s net worth estimated at $1 billion and Kelce’s at $70 million. Though most of us don’t have billion-dollar fortunes, this situation highlights the importance of financial planning and clarity in relationships. You might still be…
Developing a clear and strategic brand is essential for businesses aiming to stand out and connect with their target audience. A strategic brand consultancy not only helps companies craft a brand that aligns with their mission but also ensures it resonates with customers and distinguishes itself from competitors. Whether you’re a startup or a large corporation looking to reposition or refresh your brand identity, strategic brand consultancy plays a pivotal…
As Cybersecurity Awareness Month marks its 21st year, it’s clear that this year stands out. Phishing emails have become more convincing, and fraud has increased, making cyberattackers seem legitimate—as if they were Microsoft support or even the fraud detection services from your bank.1 And threat actors are taking advantage of the rise of AI, using it to enhance and fine-tune their strategies. To add to the complexity, dedicated cybersecurity teams…
The world is knee-deep in a housing crisis. According to the United Nations, 1.6 billion people – one in every five – lack adequate housing, and the number could rise to 3 billion by 2030. It is a problem that plagues rich and poor countries alike, from Burundi to the United States, damaging well-being, distorting economic choices and worsening inequality. The crisis impacts not only individuals but also weakens economies and…
In 1602, the Dutch East India Company became the first-ever publicly traded business and began issuing dividends – a portion of the company’s profits paid to shareholders. According to Investment Week, shareholders received a shipment of nutmeg and pepper as payment. Over 400 years later, dividends – now paid in the form of cash or additional shares – have evolved to become an integral part of the stock market. As…
German exports to Eastern European countries and the US have fully compensated for the weaker development of exports to China. The increase of exports to Eastern Europe has mainly been driven by Poland, which alone has reached a share of 6% in total German exports in 2024 YTD – and which is now as important for the German export sector as China. The combined share of Poland, Czech Republic and…
Competition, albeit latent, can be both counterproductive and beneficial for the project. Until recently, Russia was sceptical about the Trans-Kyrgyz Railway project, reasonably believing that this project would not be a global competitor to the Trans-Siberian Railway, despite the shorter, but more complex route to Europe. Russian Railways were even officially present in the working group for the development of the Trans-Kyrgyz Railway project (or as it is called, the…
Toyota City, Japan, and Santa Cruz, CA, October 2, 2024―Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility. The investment, which…
In the dramatic arts, training artists and actors holds as much importance as teaching tools for expression, according to Carnegie Mellon alumni with ties to Broadway. “Arts education allowed me to see that there was not one way to be, not one way to learn, not one way to process information,” said Nate Bertone(opens in new window) (CFA 2016), a member of the Tartans on the Rise Class of 2024(opens in new window).…
As the climate crisis accelerates, the Net Zero Stocktake 2024 identifies a commitment gap across cities, states and regions, which is holding back the necessary economy-wide transition. The Net Zero Tracker’s annual assessment of the intent and integrity of global climate commitments, shows only a modest increase in net zero targets set by subnational governments (states and regions, and cities) in the past year. Thomas Hale, Professor of Public Policy at…
As the Ducati Lenovo Team powers up for a potential hat-trick in the 2024 MotoGP World Championship, they’re shifting gears in a new era where data, not just fuel, drives the race. In high-performance racing, where every millisecond counts, the two companies are now shaving off seconds every race thanks to the introduction of a groundbreaking track-enabled robot, powered by the Lenovo ThinkStation P360 Ultra workstation. A Partnership Powered by…
Image of computer and coffee mug By: John W. Egan and Minh N. Vu Seyfarth Synopsis: A recent decision holding that web-only businesses cannot be sued over the accessibility of their website under the ADA is the first of its kind in the Southern District of New York and may cause forum-shopping serial plaintiffs and their counsel to shift to state court. The Chief Judge Laura Taylor Swain of the…
Drasi is Microsoft's new open-source project that simplifies change detection and reaction in complex systems, enhancing real-time event-driven architectures. Drasi is a new data processing system that simplifies detecting critical events within complex infrastructures and taking immediate action tuned to business objectives. Developers and software architects can leverage its capabilities across event-driven scenarios, whether working on Internet of Things (IoT) integrations, enhancing security protocols, or managing sophisticated applications. The Microsoft…
On October 3, 2024, the Financial Crimes Enforcement Network (FinCEN) issued new guidance concerning the Corporate Transparency Act (CTA) by updating and expanding on the Beneficial Ownership Information (BOI) Reporting Frequently Asked Questions (FAQs) that Seyfarth's CTA Task Force has covered in the past. Key updates include clarifications on who can access and submit BOI, the use of third-party service providers, exemptions for certain entities, the creation and conversion of…
Quick Hits The Washington Court of Appeals affirmed a lower court’s decision requiring a hospital to compensate employees for missed meal periods, not only with the time worked but also with an additional thirty minutes of pay per missed break, as a remedy for depriving them of their statutory break rights. The ruling emphasizes the importance of employers in Washington adhering to statutory obligations regarding breaks during meal and rest…
The tale begins in 1995, when two brothers, Ievgen and Sergiy Grygorovich, sparked by the gift of a computer from their father, pursued their dream of game development. What started as a modest endeavor—a small group working out of a two-room apartment—would grow into a powerhouse recognized worldwide for hits like Cossacks and the original S.T.A.L.K.E.R. franchise. But now, as the 300-strong GSC Game World team faces the development of…
As AI advances, we all have a role to play to unlock AI’s positive impact for organizations and communities around the world. That’s why we’re focused on helping customers use and build AI that is trustworthy, meaning AI that is secure, safe and private. At Microsoft, we have commitments to ensure Trustworthy AI and are building industry-leading supporting technology. Our commitments and capabilities go hand in hand to make sure…
The world needs more productivity growth. As a recent McKinsey Global Institute report argues, it’s the best possible antidote to wealth inequality, inflation, and exploding debt and could provide crucial funding for the net-zero transition and improved living standards. It’s also what every company needs. Yet productivity growth has largely declined since the global financial crisis of 2007–09, particularly in the most advanced economies (Exhibit 1). The macro causes of…
In a groundbreaking initiative, Elixirr joined forces with Hiizzy, an innovative real estate platform, to transform the way people buy and sell homes. Hiizzy, a property marketplace free of estate agents, was born from frustration with the traditional housing market. The platform empowers homeowners and buyers to take control of their transactions, offering a user-friendly, transparent and cost-effective alternative to the typical high-cost, agent-driven model. This partnership between Elixirr and…
Spiritual health, often overlooked in holistic well-being, deserves greater attention. While physical health has traditionally been the main focus and mental and social health are gaining recognition, spiritual well-being plays a critical role in enhancing overall health. McKinsey Health Institute’s (MHI) global survey of 41,000 people finds that spiritual health matters to many, regardless of age, country, or religious beliefs. Studies further show that fostering spiritual health can significantly improve…
The Maine Attorney General’s Office recently announced that it has convened an 11-person working group of industry stakeholders to develop recommendations for legislation to establish an entity with rulemaking and enforcement authority “to ensure cyber-secure access to motor vehicle-generated data to owners and owner authorized independent repair facilities for maintenance, diagnostic and repair purposes.” The announcement follows an April 16, 2024 resolve by the Maine Legislature directing the Maine Attorney…
Stop multitasking. Budget your time. Put down your phone. From juggling your family’s personal commitments to urgent work projects, the start of a new academic year can bring seasonal overwhelm. But it can also offer an opportunity to reflect: How to do things better, achieve more balance, and set more meaningful priorities at work and at home. As we begin the last quarter of 2024, Harvard Business School faculty experts…
What will it take for the consumer goods industry to turn its fortunes around? Once a leader in total shareholder returns (TSR), the industry has fallen from the top to the bottom quartile in TSR performance. This episode of the McKinsey on Consumer & Retail podcast examines the reasons for that decline—and what consumer packaged goods (CPG) companies can do about it. The episode is excerpted from a webinar on “Rescuing…