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.
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.’
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.