McKinsey Insights & Publications


 

Incumbents should go on the attack with their own online exchanges. Few incumbents, however, are responding with platform moves of their own.

companies customers incumbent model offensive online platform players revenues strategy

 

There may be a premium for making early moves. Our research indicates, however, that executives may underestimate how close they are to an industry tipping point.

attackers companies digitization entrants incumbent industry market moves players revenue

 

Many debate the relevance of benchmarking in the steel industry. Although many do well on these measures, price and margin pressures are relentless—so achieving a competitive cost position remains high on the agenda, year after year.

benchmarking COST differences improvement KPI operating operational performance production steel producers

 

High uncertainty and low growth have already forced manufacturers to squeeze every asset for maximum value. Analyzing data from hundreds of sensors with information on 1,000 different parameters, advanced analytics revealed that high pressure and high temperature, together with several other factors, correlated with the breakdowns.

advanced analytics analytics asset data machine manufacturer manufacturing operation production productivity

 

Technologies and customer expectations have changed faster than marketing organizations. The truth is, while the proliferation of new channels and technologies has dramatically changed the environment in which marketers operate, the way they organize and approach their tasks has stayed more or less the same.

agile assets brand campaigns companies global marketing organization product team

 

Data protection has always been important.

Europe is on the brink of a sea change in its data-protection laws.

business companies compliance data data protection GDPR organization personal data processing requirement

 

The roots of organic growth [0.13]

Posted on Aug. 11, 2017, 12:57 p.m. by McKinsey Insights & Publications @ [source]

There are many paths to growth, and high performers take more than one—supported by reinforcing capabilities such as advanced analytics and digital customer-experience management.

Growth is a tonic for most companies.

advanced analytics capabilities companies diversified growth organic past performers products services reinforcing

 

Whether people in the United States believe they can thrive economically in a digitally disrupted world depends strongly on the amount of education they’ve attained, according to a new survey.

When asked whether they have the skills to succeed, Americans with a high-school diploma or less are nearly twice as likely as those with college degrees or more to say they do not know (27 percent and 15 percent, respectively).

American Americans high college degree education future high school job school diploma skill survey

 

Fostering dignity through work [0.27]

Posted on Aug. 10, 2017, 2:09 p.m. by McKinsey Insights & Publications @ [source]

Business can’t only be about driving shareholder value, says Allstate CEO Tom Wilson. Business creates prosperity.

Allstate business dignity driving economic employee invest management team purpose shareholder

 

As artificial intelligence alters work done in all manner of industries, companies and governments can help workers transition by supporting incomes and facilitating skills training.

The pressure is on for companies and governments to address the ways that artificial intelligence (AI) is altering the future of work.

AI data economy job radiology skills training transition ways year

 

In transitioning to the role of chief data officer, the first 100 days are crucial. But as one of the more recent additions to the C-suite, the CDO role can be ambiguous and unclear.

cdo chief data mckinsey needed officer organization role Scott Richardson transition

 

Successfully scaling agile starts with a strategy that’s consistent from the front lines to the C-suite.

Another key to scaling is creating two communities of champions.

agile business customer early maturity mckinsey product Scott Richardson team transformation

 

Companies that pay close attention to the trends and shifts affecting growth and productivity can help create a new societal deal for prosperity. In this episode of the McKinsey Podcast, senior partner Sven Smit and senior expert Ezra Greenberg speak with McKinsey Quarterly editor in chief Allen Webb about how companies need to focus keenly on sweeping global forces that affect growth, productivity, and societal prosperity.

Allen Webb companies Ezra Greenberg growth narrative productivity progress Sven Smit things trend

 

Five forces of blockchain technology could affect the creative economy. We have framed these as “five forces” (exhibit).

artist blockchain creative creative content creative works participant record rights terms transaction

 

For the third year in a row, no bank failed the Comprehensive Capital Analysis and Review (CCAR) on quantitative grounds. And while regulatory uncertainty remains a challenge, banks have more to do to prepare for CCAR 2018 and to build their longer-term approach for stress testing.

analysis bank capital CCAR comprehensive failed grounds quantitative review row

 

Recently, Merck executive board member and CEO of Merck Healthcare Belén Garijo sat down with McKinsey’s Georg Nederegger to discuss what’s next for the pharma industry.

McKinsey: Looking ahead, where do you see the biggest growth opportunities for the pharma industry in general and Merck in particular?

Belén Garijo growth healthcare industry innovation market mckinsey Merck oncology patient

 

China is already more digitized than many observers appreciate and has the potential to set the world’s digital frontier in coming decades.

China has one of the most active digital-investment and start-up ecosystems in the world, according to a new discussion paper from the McKinsey Global Institute (MGI), China’s digital economy: A leading global force.

building china Chinese companies ecosystem global market players scale venture capital

 

The role of 3-D printing in today’s metal market is quite small.

Today, 3-D printing is a very small part of the metals industry, but it is growing rapidly and this market is expected to be worth as much as $10 billion by 2030 to 2035.

chain manufacturing market metal parts powder printer printing product production

 

Alain Bejjani, CEO of conglomerate Majid Al Futtaim, shares his perspectives on retail’s future and on his own leadership journey.

For the past two years, Majid Al Futtaim has been led by Alain Bejjani, a lawyer by training, with a career spanning more than ten years within the Group.

Al Futtaim Alain Bejjani Dubai future leadership Majid Al mckinsey organization strategic year

 

Only a few actions matter, and they require the CEO’s attention.

That said, statistically speaking, four sets of interventions appear to matter most: contextualizing the program based on the organization’s position and strategy, ensuring sufficient reach across the organization, designing the program for the transfer of learning, and using system reinforcement to lock in change (Exhibit 2).

ceo development programs interventions leader leadership development learning organization organizational successful system