Viewed in McKinsey Effective CEO transitions play a critical role in maintaining organizational stability, driving performance, and shaping the company’s long-term success. This McKinsey article outlines a five-step approach for successful CEO transitions: Proactive planning: Boards should establish a formal succession planning process and regularly review potential internal and external candidates. By identifying and developing… More
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Viewed in McKinsey The McKinsey article provides valuable insights on how boards of directors can enhance their effectiveness and create a lasting positive impact on the organizations they govern. Often, boards are preoccupied with short-term performance, but to create sustainable value, they must focus on the organization’s long-term health and resilience. To increase their long-term… More
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Viewed in McKinsey The article argues that middle managers are often an underutilized resource in organizations and suggests ways to better leverage their skills and expertise. The authors suggest that middle managers should be given more autonomy and decision-making power, as well as opportunities for leadership development and coaching. Additionally, the article advocates for clearer… More
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Viewed in McKinsey Health Institute Global corporate workplaces face something of a crisis as it relates to mental health and work burnout. That is the bad news. The good news: Employees increasingly recognize the problem and are seeking solutions, and employers have responded with an unprecedented level of financial commitments to identifying programmatic and other… More
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Viewed in McKinsey Digital Management consulting giant McKinsey, founded in 1926, has nearly unmatched access to the world’s largest companies and their executives. To their credit, they also routinely solicit the views of these companies and executives— and then share these perspectives with those seeking to address current opportunities or challenges in their own industries… More
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Viewed in McKinsey & Company As a growing number of companies reflect on their obligations to society’s betterment beyond their traditional focus on providing desirable products and services at a profit, they need not look far from home. “Because of the connection between happiness at work and overall life satisfaction, improving employee happiness could make… More
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Viewed in McKinsey & Company The role of a chief executive officer in the 21st century is a challenging one. Looking for something even more challenging? That likely would be serving as a CEO for a private equity-owned portfolio company. More private equity-owned companies With private equity’s growing prevalence in corporate ownership, it is a… More
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Viewed in McKinsey & Company We most definitely are in era where the idea of “reimagining things” has gained hold. Reimagining That includes, as this report by management consultant giant McKinsey contends, the way we work. There is, as McKinsey documents, historical precedent for these evolutions of this nature. “In the 1800s, the Industrial Revolution… More
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Viewed in McKinsey One recurring theme of that has emerged during the Covid pandemic is the fact that employees are confronting unprecedented levels of stress. Dealing with employee rising stress It has emerged as a major challenge to executives and human resource managers: How to keep a company moving in generally the right direction while… More
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Viewed in McKinsey When the pandemic first emerged earlier this year, businesses largely prepared for what was thought to be, at first, a multi-week disruption. That quickly became a multi-month disruption. And then finally as summer arrived, it was clear that predictions that rising temperatures would bring it to an end were inaccurate. The precise… More
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Viewed in McKinsey & Company. New York City-based management consulting giant McKinsey & Company puts a lot of resources and effort into trying to get out ahead of major trends in global business and commerce, and they are usually very successful at it. Volatility In this report, four McKinsey partners and experts summarize ten trends… More
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Viewed on McKinsey. When a company is underperforming, or identifies substantial opportunities for growth in ways outside of its traditional models, decisions are sometimes made to transform an entire organization around new goals. To be sure, such an approach is not to be taken lightly, and it is a holistic organizational undertaking. In “The Changeable… More
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Viewed in McKinsey Quarterly. When companies face major strategic initiative and projects, it can be tempting to assign them to a high-performing executive. But this temptation overlooks the reality that such executives are already stretched thin on their existing time commitments. This McKinsey Quarterly article argues that companies need to do a vastly better job… More
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Viewed in McKinsey We read lots about CEOs, but how does a CEO actually spend his or her time? It is a question that confounds even some of the world’s top business management experts. One such example is Michael E. Porter, a Harvard Business School professor, who forthrightly acknowledged a decade ago that “we had… More
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