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Inside the Strategy Room

Inside the Strategy Room

We talk with McKinsey partners and corporate executives on the challenges they face creating lasting strategies in a fast-changing world. We also examine the different ways these executives approach these challenges and the new and innovative ways they think of creating a vision for their enterprises.

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The corporation in the 21st century

What responsibilities does business have to society and what benefits do companies deliver to stakeholders and society at large? In this episode of the Inside the Strategy Room podcast, two authors of a new McKinsey Global Institute (MGI) report share recent research on how the value companies bring to economies, societies, and households has changed over the past quarter century. Michael Birshan is the global co-leader of the Strategy and Corporate Finance practice while Clarisse Magnin-Mallez leads the Consumer Packaged Goods and Retail practices in Africa, Europe, and the Middle East and is McKinsey’s managing partner in France. The report they co-authored is the first in a series MGI will publish on companies in the 21st century.


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2021-10-07
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Agile business portfolio management

In business, breaking up is hard to do. While divesting businesses in a timely manner is an essential aspect of effective portfolio management, companies tend to struggle with separation decisions. In this episode, three experts discuss how to determine which businesses to strengthen and which to divest and explain how to make your M&A strategy nimble enough to keep up with increasingly dynamic markets. Obi Ezekoye, a leader in the Strategy and Corporate Finance practice, and Anthony Luu, an expert in M&A and strategy transformations, are co-authors of a recent article, “Divesting with Agility.” They are joined by Andy West, the global co-leader of McKinsey’s M&A practice and co-author of ‘Why you’ve got to put your portfolio on the move.’


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2021-09-09
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Innovation?the launchpad out of the crisis

As companies prepare for the recovery from the pandemic, many leaders hope innovation will set them up for the next phase of growth. In this episode, Laura Furstenthal, whose client work focuses on healthcare organizations and innovation transformations, and Erik Roth, leader of McKinsey’s global innovation practice, explain how to establish a sustainable innovation process.


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2021-08-24
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The making of a megadeal: Howard Ungerleider on the merger of Dow and DuPont

The combination of Dow Chemical and DuPont in 2017, followed by a split into three separate companies, was a huge and highly complex transaction that transformed the chemical industry landscape. In this episode, Howard Ungerleider, president and CFO of Dow, explains how the management teams of the two global giants approached the merger that produced three market-leading players. He spoke with John Warner, who co-leads McKinsey?s Global Energy and Materials practice, during a virtual event we recently hosted for finance executives.
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2021-08-20
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The race to create a vaccine: A conversation with Pfizer?s Frank D?Amelio

Frank D?Amelio has been the CFO of Pfizer for 14 years, but the past 18 months have been like unlike any other. In this episode, he relates how the company addressed the most urgent and massive challenge in its history: developing a vaccine for COVID-19. Working in partnership with BioNTech, Pfizer accomplished that feat in record-breaking time, helping to alleviate the biggest global health crisis in living memory. D?Amelio spoke with Rodney Zemmel, global co leader of McKinsey Digital, during a virtual event we recently hosted for finance executives.
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2021-08-05
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Boards, Talent, and Culture

Board members are increasingly challenging management to ensure the organization?s talent pipeline can meet the needs of the strategy. In this episode, we continue our series on board perspectives by looking at the board?s role in helping organizations develop the right talent and culture. To explore this topic, Frithjof Lund, the global leader of McKinsey?s board services work, speaks with two experts on governance and organization. Hugo Bague, a former group executive at Rio Tinto, is a non-executive director on the board of Jones Lang Lasalle (JLL), a global real estate services firm, where he chairs the compensation committee. Mary Meaney is a globally recognized leader on change management and organizational transformations who until recently co-led the global organization practice and served on McKinsey?s global governance board.
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2021-07-29
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The Committed Innovator: A conversation with Amy Brooks of the NBA

The COVID-19 pandemic forced the National Basketball Association (NBA) to develop new ways to engage with fans. Amy Brooks is the NBA?s first chief innovation officer. She oversees innovation initiatives across four leagues?the NBA, the Women?s National Basketball Association (WNBA), the NBA G League (minor league), and the esports NBA 2K League?and has used the difficulties of the pandemic as an opportunity to experiment. In this episode of our Committed Innovator series, she shares with McKinsey?s innovation leader Erik Roth her organization?s numerous new projects that have spurred growth despite unprecedented constraints around live games.
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2021-07-19
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Ron O?Hanley of State Street on corporate resilience and ESG

As chairman and CEO of State Street Corporation, Ron O?Hanley oversees one of the largest and oldest American financial institutions, with $38 trillion in assets under custody and administration, and $3.5 trillion in assets under management. In this episode he tells Celia Huber, who leads McKinsey?s board services work in North America, why State Street?s focus on environmental, social, and corporate governance (ESG) issues has grown dramatically, what gaps in Corporate America?s resilience the pandemic has revealed, and how State Street is disrupting its own business.
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2021-06-24
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Michelle Gass of Kohl?s on shifting from survival to growth

For Michelle Gass, the CEO of US retail chain Kohl?s, the pandemic delivered an education in the importance of decisive and inclusive leadership. But preparing the company for growth in the recovery, starting with a major partnership with cosmetics brand Sephora, is where her true passion lies. In this episode, she speaks with Sajal Kohli, leader of McKinsey?s global retail and consumer packaged goods work, about using the crisis to reposition the retailer for a new era.
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2021-06-21
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The Committed Innovator: A conversation with Tanya Baker of Goldman Sachs Accelerate

As the global leader of GS Accelerate, Goldman Sachs? internal incubator that identifies, invests in, and develops new businesses, Tanya Baker has been instrumental in helping the financial services giant establish sustainable innovation capabilities. In this episode of the Committed Innovator series, Baker shares her experience evolving the program and fostering entrepreneurial ventures within the firm. Tanya spoke with Erik Roth, who leads McKinsey?s innovation work globally.
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2021-06-15
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The 21st century corporation: A conversation with Brian Chesky of Airbnb

Airbnb navigated a major crisis in 2020?the online marketplace went from having its long-term survival questioned to staging a successful IPO several months later. In this episode, James Manyika, a senior partner based in San Francisco who co chairs the McKinsey Global Institute, talks with Brian Chesky about his experience leading Airnbnb through the crisis. Their discussion is based upon an article James recently co-authored titled, ?It's time to build 21st century companies: Learning to thrive in a radically different world? and inspired by his conversations and work with CEOs like Brian.

You?ll hear James share some of the core insights from the article before Brian discusses how Airbnb addressed the sudden and dramatic plunge in its business, how they adapted their business model to those new realities, and how they led to a reimagination of how Airbnb defines its role in society and the economy.

This podcast was recorded during a recent online global CEO event focused on growing out of the crisis.


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2021-06-08
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Untangling the often mysterious process of joining a corporate board

The process of joining a public company?s board tends to be complex and confusing, especially for first-time directors. In this episode of the Inside the Strategy Room podcast, Celia Huber, who leads McKinsey?s board services work in North America, speaks with experts on board membership and governance from the executive search and leadership consulting firm Spencer Stuart, based in Chicago, and the independent investment management company Invesco, headquartered in Atlanta. Julie Daum, head of Spencer Stuart?s board practice in North America, and Sarah Beshar, a corporate lawyer who chairs the nomination and corporate governance committee on Invesco?s board, about the preparations and commitments that newcomers to board service should expect.
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2021-06-03
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Kevin Sneader on the eight trends that will define 2021?and beyond

Crises tend to give rise to remarkable innovations and insights. Today is just such a moment, raising challenges to many long-held beliefs about how companies should operate. In this episode, McKinsey?s global leader Kevin Sneader talks with senior partner Celia Huber about the eight trends that will shape the post-COVID-19 economy, which he writes about in his recent article, ‘The next normal arrives: Trends that will define 2021—and beyond’. Their conversation took place during a recent virtual event featuring conversations with business leaders around the world.


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2021-05-20
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Preparing for future growth: A conversation with Simon Pryce of Ultra Electronics

As the former CEO of BBA Aviation and a senior executive at GKN, Simon Pryce has led organizations that grew rapidly through acquisitions. Now, as the CEO of Ultra Electronics, a British company that develops technology for defense and security industries, he is overseeing a corporate transformation that aims to position Ultra for future growth. In this episode of the Inside the Strategy Room podcast, he talks with Tanuja Randery, a partner in McKinsey?s Transformation Practice, about the company?s approach to innovation and how Ultra is building an adaptable workforce.
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2021-05-17
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The role of boards in fostering resilience

Boards of directors play a critical role in ensuring that management is well prepared for a wide range of potential shocks. In the fourth episode of our series on board perspectives around the most important issues facing organizations, this podcast looks at the role that boards play in building resilient companies. Frithjof Lund, who heads our board services work, leads a discussion with Gordon Orr, a non executive member of several companies? boards and a McKinsey senior partner emeritus, and Martin Hirt, the global co-leader of McKinsey?s Strategy and Corporate Finance Practice. member of several companies? boards and a McKinsey senior partner emeritus, and Martin Hirt, the global co-leader of McKinsey?s Strategy and Corporate Finance Practice.
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2021-04-22
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The impact of COVID-19 on capital markets

The gaps in performance between different sectors, and the companies within those sectors, increased last year. A major reason is a small group of outperformers that already had massive stock valuations before the COVID-19 crisis and have pulled further ahead since. In this episode of the Inside the Strategy Room podcast, co-authors of a recent article discuss what the performance of capital markets during the pandemic indicates about future economic and investment trends. Tim Koller is a leader in McKinsey & Company?s corporate finance practice and the author of the best-selling book, Valuation. Peter Stumpner leads the corporate performance analytics group within the Strategy and Corporate Finance Practice. He is the co-author of another article on which this podcast is based, “The impact of COVID-19 on capital markets, one year in.”


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2021-05-12
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The committed innovator: A conversation with Dometic?s Peter Kjellberg

An innovation strategy has to be backed with resources and patient follow-through, says Peter Kjellberg, the guest on this episode of the Committed Innovator series, part of our Inside the Strategy Room podcast. In a conversation with Erik Roth, who leads McKinsey & Company?s innovation work globally, the chief marketing officer for the Swedish maker of products for mobile and outdoor living and the home, describes how Dometic Group seized the recent rapid growth in food and beverage delivery to create new products for the industry and consumers.


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2021-05-05
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In conversation: Managing in extreme uncertainty

In a time of crisis, especially one as deep and unique as the COVID-19 pandemic, uncertainty is extreme and information changes daily. Most organizations realized that they lack the tools to manage effectively in such conditions. In this episode, three McKinsey experts who are helping guide clients through the current crisis share the insights from their recent article, When nothing is normal: Managing in extreme uncertainty. Patrick Finn is a leader in McKinsey & Company?s Healthcare Systems and Services practice, serving management teams on topics ranging from corporate and business unit strategy to risk management and operations. Mihir Mysore is one of McKinsey & Company?s most experienced leaders on crisis response, helping large organizations manage operational risk, stabilize crisis situations, and build resilience. They are joined by Ophelia Usher, an expert on resilience, crisis preparedness, and crisis response and recovery.


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2021-04-30
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The workforce of the future

A new report from the McKinsey Global Institute (MGI) indicates that up to 25 percent more workers than previously estimated may need to switch occupations. This episode of the Inside the Strategy Room podcast looks at how the pandemic crisis has permanently changed workplace conditions and skillsets needs, and how corporate leaders can prepare for this future. Susan Lund, an MGI leader and expert in global labor markets, is joined by her report co-author Sven Smit, co-chair of MGI, who helps leading companies develop strategies for growth. This is an edited transcript of the discussion.
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2021-04-15
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Collaborations between corporates and start-ups

Misconceptions abound about what corporations and start-ups should expect from their partnerships on innovation projects. Yet these collaborations are growing in importance as companies of all sizes try to rapidly respond to shifts in the marketplace, as our recent article highlights. In this episode of the Inside the Strategy Room podcast, Miao Wang, a leader in McKinsey’s innovation practice, is joined by Tawanda Sibanda, a partner with Leap by McKinsey, which helps established organizations build and scale new businesses, and Tobias Henz, who focuses on bringing corporates and start-ups together around digitization and data, to discuss ways to improve the odds of success of such partnerships.


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2021-04-06
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The CEO?s new technology agenda

In the past, top business leaders tended to delegate technology and IT priorities to specialists, but that is rapidly changing.

In this episode of the Inside the Strategy Room podcast, two McKinsey experts, who recently published an article on the topic, explain why technological investments must now be part of strategic planning at the highest corporate levels. Krish Krishnakanthan is a leader in McKinsey’s application maintenance and development work across North America, focusing on the high-tech and financial services sectors, and Gayatri Shenai helps clients drive transformative change at the intersection of strategy, digital, and operations. 


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2021-03-30
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Business priorities in the post-pandemic era

John Waldron, President and Chief Operating Officer of Goldman Sachs, joins McKinsey Global Managing Partner, Kevin Sneader, and Senior Partner, Carolyn Dewar to discuss the state of business globally, the growing optimism about the economic recovery, and the numerous other forces driving the recent rapid uptick in M&A activity.  

A transcript of this podcast will soon be available on the Inside the Strategy Room podcast collection page on McKinsey.com, where you can also easily explore, filter, and search our library of nearly 50 previous episodes.

If you would like to share feedback or an idea for a future podcast, you can reach us at [email protected]. If you would like to receive alerts on our latest insights, you can sign up on the bottom of our podcast collection page on McKinsey.com, follow us on Twitter at @McKStrategy, and connect with us on LinkedIn via our McKinsey Strategy and Corporate Finance page.


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2021-03-22
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Moving from cash preservation to cash excellence

In the early days of the pandemic, preserving cash was a matter of survival for many companies. The sudden need for liquidity highlighted the critical importance of prudent cash management and inspired business leaders to raise the bar on their cash practices. Cash liquidity is now at the top of the vast majority of CFO and c-suite agendas.

 

Three finance experts joined us to discuss best practices in cash management. Christian Grube leads our CFO finance practice in Germany and serves clients in the automotive, health care, and manufacturing industries on a broad range of CFO topics.

 

Sun-You Park - an associate partner in our London office and a core member of our practice in Europe. She leads our cash service line in EMEA, and her client work is focused on cash and transformation topics across the energy, natural resources, and advanced industrials sectors.

 

Sun-You and Christian recently co-authored an article on cash excellence, which you can find on McKinsey dot com by searching for “Moving from cash preservation to cash excellence for the next normal”.

 

We are also joined by Hugo Bague. Hugo most recently was group executive of organizational resources at Rio Tinto and is now a senior advisor to McKinsey.  He has more than 25 years of experience in senior leadership roles in human resources and support functions, driving HR transformations, complex merger integrations, and cost and support function transformations.

 


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2021-03-19
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Boards and decision making

Today we tackle the topic of decision making in the boardroom. What has the pandemic taught board directors about making high-consequence, low-probability decisions?

You?ll hear Frithjof Lund, the leader of our board services work, leading a discussion with three experts. Aaron De Smet, who helps organizations improve their performance and agility, and senior expert Leigh Weiss are co-authors of a recent article about decision making in uncertain times. Suzanne Nimocks is a director on the boards of ArcelorMittal, Owens Corning, Ovintiv (formerly Encana) and Valaris (formerly Ensco Rowan), as well as a former senior McKinsey partner. We hope you enjoy the discussion.


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2021-03-12
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The committed innovator: A conversation with board director Ireena Vittal. Part 2

This is the second part of Erik Roth?s interview with Ireena Vittal. In the first part of their conversation, they discussed the importance of taking a very granular approach to markets in developing countries, the constraints emerging economies place on business models, and the unique role ecosystems play. In this episode, Erik and Ireena dive into the importance of pegging capital investments to the realities of emerging economies and discuss some of the most exciting areas of innovation in those markets, including some fascinating initiatives in the public sector. We hope you enjoy this second part of their discussion.
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2021-03-04
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The committed innovator: A conversation with board director Ireena Vittal

In today?s episode, Erik Roth, who leads our innovation work globally, discusses innovation in the context of developing markets with Ireena Vittal. Ireena has spent 30 years helping both multinationals and start-ups grow their businesses, especially in emerging economies. Today, she is one of India?s top advisers on innovation and growth, serving on the boards of some of the country?s largest institutions and assisting governments on issues related to urbanization and agriculture. Their discussion was wide ranging, and we are covering it in two parts. We hope you enjoy this first part of the discussion.
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2021-02-26
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The COVID-Exit

This episode examines how business leaders should plan the transition from managing operations through the crisis to establishing a foundation for growth in the post-COVID-19 era. It features two partners who are spearheading our research on these topics. Martin Hirt, the global co-leader of the Strategy and Corporate Finance Practice, is a co-author of the recent article on the COVID-19 exit and of the book Strategy Beyond the Hockey Stick, upon which some of the conversation is based. Anna Koivuniemi co-leads the growth service line globally and is the co-author of recent articles on through-cycle growth out-performers and lessons from growth transformations.
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2021-02-11
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The great acceleration

In this episode, co-authors of two recent articles?on growth strategies during downturns and the acceleration of trends since the pandemic?s start?help shed light on the reasons behind the widening gap in corporate performance and how companies can position themselves to be among those gaining ground. Rebecca Doherty is a global leader in our growth and innovation practice and serves healthcare, industrial, and technology clients. Nicholas Northcote is a partner currently on a research fellowship focused on corporate growth and setting strategy during the coronavirus pandemic. He was a major contributor to our recent book, Strategy Beyond the Hockey Stick, upon which some of this podcast is based.
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2021-01-26
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The committed innovator: A conversation with Neal Gutterson of Corteva

This episode explores innovation in the agriculture sector. Erik Roth, leader of McKinsey?s innovation work globally, talks with Neal Gutterson, who recently retired as CTO of agricultural chemical and seed company Corteva. Gutterson explains the transformation he led following a spinoff from DowDuPont to bring together disparate R&D organizations into one cohesive engine of innovation. This is the sixth episode in our ongoing series, The Committed Innovator. 
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2021-02-02
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Boards and cybersecurity

The board agenda has been crowded since the start of the pandemic, and many issues have acquired new urgency. This episode of the Inside the Strategy Room podcast focuses on board priorities in the new era. Frithjof Lund, a senior partner and the leader of our board services work, speaks with two cybersecurity experts about how boards of directors should help their organizations ensure they are prepared for potential cyberattacks. John Noble is the former director of the United Kingdom?s National Cyber Security Centre, and a board member ofNHS Digital, the national information and technology partner to the country?s National Health Service. Wolf Richter is a McKinsey partner who helps chief information officers capture the benefits and mitigate the risks of tech-enabled transformations.
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2021-01-20
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Boards, strategy and the new risk environment

This year has been a challenging one for boards of directors. The pressure on boards has been increasing as they work to manage the continuing impact of the pandemic on the direction and strategies of the organizations they serve. At the same time, board members must simultaneously grapple with the implications of rapid technological shifts, and the need to embrace external perspectives about the role and purpose of the company, both in their communities and in society as a whole. Today we?re pleased to bring you a discussion on the role board directors are playing in navigating this complex environment, with a specific focus on how boards are handling risk. We?ll hear from Celia Huber, a senior partner in our Silicon Valley office, who leads our Board Services work in North America, and Olivia White, a partner in our San Francisco office who leads our work in enterprise risk management.
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2020-12-22
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Boards and sustainability

This is the first episode in a new series on board perspectives around high-priority corporate issues. In this session, Frithjof Lund, a senior partner in our Oslo office and leader of our board services work, speaks with Tomas Nauclér, a senior partner in our Stockholm office and leader of our Sustainability Practice, about how boards should engage on issues of sustainability and their organizations? environmental, social and corporate governance impact.
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2020-12-29
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The committed innovator: An interview with Anjali Sud, CEO of Vimeo

In this episode, Erik Roth, who leads McKinsey?s innovation work globally, talks with Anjali Sud, CEO of Vimeo, about her experience reinventing the online video platform?s business model. It is the fifth episode in our ongoing series, which features interviews with leading innovators across a range of sectors.
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2020-12-15
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Ensuring the health of your business partnerships

In the past few months, alliances and joint ventures have been essential for many companies to meeting the challenges of the COVID-19 pandemic. But during crises, strain can emerge even among allies, often revealing underlying problems. In this episode, Ankur Agrawal, a partner in our finance practice in the Americas who focuses on healthcare, and Eileen Kelly Rinaudo, a leader in our work on joint ventures and alliances, discuss the importance of regular partnership check-ins to make sure that, like any relationship, both sides are getting what they need.
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2020-12-04
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The board?s role during crisis and beyond

McKinsey senior partner Celia Huber, who leads our board services work in North America, talks with three seasoned board directors about the role boards are playing in guiding their companies toward recovery from the COVID-19 crisis. Nora Aufreiter sits on the board of Scotiabank, supermarket operator Kroger, and real estate developer Cadillac Fairview, as well as a Toronto hospital. Peter Bisson is an independent director on the boards of HR services company ADP and research firm Gartner and Margaret (Peggy) Mulligan serves on the boards of Canadian Western Bank and mining company New Gold. The panel discussion was hosted by Canada?s Institute of Corporate Directors.
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2020-11-24
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Budget planning for 2021

Budgeting for the coming calendar year entails unique challenges, given the uncertainty about the pandemic?s continuing impact. In this episode, Ankur Agrawal, Christian Grube, Matthew Maloney, and Ishaan Seth, all co-authors of the McKinsey.com article, ?Memo to the CFO: A new approach to 2021 budgeting starts now,?discuss how CFOs and other business leaders should adapt their budget process for the uncertain times. They were joined by Steven M. Sterin, an independent director on the boards of DuPont and Kosmos Energy, who is the former CFO of two Fortune 500 companies: Endeavor (now a part of Marathon) and Celanese.
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2020-11-13
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Building a great digital business

In recent months, many companies have rushed to build digital businesses to overcome pandemic-induced disruptions and address shifts in customer behavior. In this episode, we explore how to develop a digital offering quickly and effectively despite ongoing economic uncertainty.
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2020-11-03
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In conversation: The CEO moment. Episode 2

Today we'll cover the two remaining shifts CEOs are making in this moment; embracing stakeholder capitalism and leveraging peer networks. Sharing their insights on this topic with us today are Carolyn Dewar who co-leads our CEO Excellence work, and Monica Murarka who is a senior expert and leader also of the McKinsey?s CEO Excellence work. We are also joined by Kurt Strovink, the leader of McKinsey?s global insurance sector. Kurt has also led McKinsey initiatives for CEOs across industries.
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2020-09-23
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Four ways to assess projects and keep them on track

Biases can lead executives to misjudge project potential, ignore potential pitfalls, and leave failures to fester. In this episode, McKinsey partner Tim Koller and University of Sydney professor of business strategy Dan Lovallo speak with McKinsey Strategy & Corporate Finance communications director Sean Brown about how to bust common biases by avoiding snap judgements, eliciting strong arguments for and against proposals, carrying out project premortems, and using contingency plans to avoid the so-called sunk-cost fallacy.
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2020-05-27
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Growth through a downturn

For many business leaders wrestling with the challenges of the coronavirus pandemic, growth may seem like a distant priority. However, once the health of employees is protected and the business is secured, many executives will quickly shift their focus to restarting the stalled growth engine. A recent McKinsey.com article reports that only one in ten companies manage to outperform on growth both during downturns and during the subsequent recovery. Today we speak with the article?s authors about what these through-cycle outperformers do differently.    Rebecca Doherty is a partner in our San Francisco office, and leads our Growth Strategy service line globally. Anna Koivuniemi is a partner in our Amsterdam office, and leads our Growth Analytics globally. Their article, Rev up your growth engine: Lessons from through cycle outperformers, is available now on mckinsey.com. 
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2020-07-31
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The committed innovator: An interview with Salesforce?s Simon Mulcahy

In this episode Simon Mulcahy, Salesforce?s executive vice president and chief innovation officer, discusses the ways the COVID-19 crisis has reshaped the sales function, and how Salesforce orchestrates innovation inside the company and with customers.
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2020-10-13
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Laxman Narasimhan, CEO of Reckitt Benckiser, on corporate purpose during a crisis

Senior partner Celia Huber speaks with Laxman Narasimhan, the CEO of Reckitt Benckiser. The UK-based global consumer-goods company focuses on products in health, hygiene, and nutrition categories, some of which saw massive demand spikes during the height of the pandemic. Before joining the company, Narasimhan held various senior roles at PepsiCo, most recently that of global chief commercial officer. He is also a former McKinsey senior partner. In this interview, recorded in early July, he shares his perspective on maintaining resilience through the COVID-19 crisis, staying connected while working remotely, and how the company?s purpose helped it navigate the pandemic.
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2020-10-20
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Purpose and the future for capitalism

We hear from two award-winning American economists about how capitalism and corporate purpose could evolve to more broadly benefit society, especially in this current time of crisis. Yuval Atsmon, a senior partner in our London office, spoke with professor Anne Case and Nobel prize winner, Angus Deaton, about their new book, ?Deaths of Despair and the Future of Capitalism?. Their book, which has been short-listed for the 2020 Financial Times and McKinsey Business Book of the Year, highlights the social and economic forces negatively impacting the working class, which they argue fosters inequality and undermines society.
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2020-09-29
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In conversation: The CEO moment. Episode 1

The COVID-19 crisis has put CEOs and the organizations they lead under great pressure. At the same time, it has provided a once-in-a-generation opportunity for chief executives to evolve the nature and impact of their role. The authors of a McKinsey Quarterly article, ?The CEO moment: Leadership for a new era,? describe the shifts that top-performing CEOs have taken in how they lead?changes that have the potential to permanently transform the CEO role. Carolyn Dewar co-leads our CEO Excellence work, and Monica Murarka is a senior expert and leader also of the Firm?s CEO Excellence work. Kurt Strovink is the leader of McKinsey?s global insurance sector and has led Firm initiatives for CEOs across industries
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2020-09-21
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Committing to innovation: A discussion with investor Kevin O?Leary

In this episode Erik Roth, who leads McKinsey?s global innovation practice, interviews Kevin O?Leary as part of our ongoing series on innovation. The Canadian entrepreneur, best known as one of the investors featured on the American reality TV series Shark Tank, shares his bets on innovation?s next frontier.
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2020-06-25
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The committed innovator: An interview with Kellogg?s Nigel Hughes

Nigel Hughes, head of R&D and Innovation at Kellogg Company, speaks with Stacey Haas, who heads up McKinsey?s Consumer Innovation practice, and Erik Roth, who leads McKinsey?s innovation work globally. Hear Nigel?s perspective on the evolution of the CPG industry?s approach to innovation and how Kellogg itself is being solution-based and partnering with other organizations in its pursuit of growth
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2020-09-23
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Why you need to keep changing your company?s business mix

One of the perennial questions corporate leaders ask is which businesses their company should be in.Our recent article, ?Why you?ve got to put your portfolio on the move,? suggests that regularly changing the portfolio mix in response to market trends is the surest path to outperformance. During our European M&A conference in London, which took place earlier this year, two of the article?s authors discussed their research on portfolio transformation, based on an analysis of detailed financial results of more than 1,000 of the world?s largest public companies. Andy West is a senior partner and the global co leader of our M&A practice and Sandra Andersen is an associate partner, also in the M&A practice.
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2020-09-17
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Corporate purpose, during crisis and beyond

In this episode we present a panel discussion on how companies are using corporate purpose to guide their response to the COVID-19 crisis and the nascent recovery. Bruce Simpson, a McKinsey senior partner and co-author of the recent article, ?Demonstrating corporate purpose in the time of coronavirus,? talks with four senior executives who have firsthand experience of establishing and driving purpose in their organizations: Rona Hulbert, general manager at British multinational retailer Marks and Spencer Group; Hubert Joly, former CEO and executive chair of Best Buy; Roma McCaig, vice president at Campbell?s Soup Company who leads corporate responsibility and environmental sustainability programs; and Rory Simpson, global chief learning officer at Telefónica and leader of the Telefónica Corporate University.
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2020-08-27
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In conversation: Innovation in a crisis

As companies focus on navigating through the COVID-19 pandemic, many are putting innovation on the back burner. But as two of McKinsey?s top experts on innovation explain, these organizations may miss out on rare opportunities to reinvent their businesses for the post-crisis era.  We hear from Laura Furstenthal who leads our innovation practice in North America, serving clients in a range of industries on innovation transformations. And Erik Roth, the global leader of McKinsey?s innovation practice who advises companies on innovation strategy, new product development, business model creation, culture change, and R&D management. They are co-authors of the recent article McKinsey.com article, ?Innovation in a crisis: Why it is more critical than ever.?
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2020-07-10
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In conversation: Culture in M&A

Among the many factors companies weigh when embarking on mergers and acquisitions, culture is one that often gets short shrift. Yet it often plays a crucial role in a deal?s success or failure. In this episode Becky Kaetzler, a leader in McKinsey?s M&A practice, explains how to conduct cultural due diligence to help ensure a deal fulfills its goals.
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2020-07-01
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