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Hi MD Abul,
It seems you did register for our 30-day free trial of our Data Explorer already. Curious to understand, in which ways location data is important for you/useful for you?
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by "Quentin Richelle" <quentin.richelle@geopostcodes.com> - 06:25 - 11 Nov 2024 -
Sixty years of innovation: Key moments in business technology
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 02:20 - 11 Nov 2024 -
Leadership lessons from veterans
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Why are veterans so valuable to the workforce? Gain deeper insights into the unique skillsets they bring to the table. Revisit a conversation between McKinsey’s Aaron De Smet and Adria Horn, an army veteran and Tilson executive, on the unexpected similarities between reintegrating into civilian life after deployment and navigating the workplace after crisis. And watch senior partner Scott Blackburn’s interview with Nate Boaz, Marine Corps veteran and Microsoft executive, whose leadership and passion for helping others continued in postmilitary life. Then explore more insights to learn about the many contributions veterans make in leadership positions and across all levels of the workforce.
MORE FROM MCKINSEY
To see more essential reading on topics that matter, visit McKinsey Themes.
— Edited by Esther Chung, editor, Atlanta
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 10:53 - 11 Nov 2024 -
A leader’s guide to steering effective transformations
Leading Off
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Brought to you by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of Leading Off. We hope you find our insights useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
—Alex and Axel
Given the breakneck pace of change in the business world, many leaders are wrestling with how to transform their organizations and secure their longer-term future. Business transformations can involve many factors, such as developing new capabilities or products, adopting new technologies, and inspiring employees to embrace changes in the ways their organizations operate. It’s a daunting challenge: McKinsey research shows that less than one-third of transformations meet their goals of both improving organizational performance and sustaining those improvements over time. This week, we explore a few approaches and insights that can help make transformations successful.
Real transformative change goes beyond restructurings or short-term solutions to boost efficiency. It’s about reprogramming an organization’s DNA, according to McKinsey’s Kevin Carmody, Louisa Greco, and Rob Montgomery. They say that the road map to a successful transformation should begin with leaders identifying a strategic “true north” and articulating a bold aspiration for what their company wants to become. This aspiration should then determine a sequence of steps across four work streams: cost optimization, growth, organizational effectiveness, and digital enablement. By embedding their new strategy into day-to-day operations, leaders can establish their transformations as the new business as usual rather than a side project. “When done right, a transformation becomes a source of continual renewal, evolving and even revolutionizing a business over a series of horizons,” the authors say.
That’s how much more likely midsize companies are to execute successful transformations if they involve a broad cross section of employees in the effort. Midcap companies, or those with $200 million to $2 billion in revenue, are only half as productive as large companies. Senior partner Mauricio Janauskas and his coauthors say that “transformation is an imperative” for these companies to catch up with higher-performing competitors. Midsize businesses face resourcing challenges in a range of areas: limited leadership benches, access to capital, and change-management experience, for example. But midcaps can also have advantages over bigger companies in transformations, including greater agility, faster decision making, and loyal, long-term employees who are willing to take on new roles. The authors note that investing in talent early and cultivating an owner mindset among employees are two critical ways that midcaps can reap the full benefits of transformations.
That’s McKinsey senior partner Chris Hagedorn on the use of M&A as a launchpad for transformation in an episode of McKinsey’s Inside the Strategy Room podcast. Hagedorn and partner Alex Liu say that some deals can provide transformation opportunities when executives are under pressure to create more value. One factor for leaders to consider is how a transaction might help them transform their customer strategies. “If you’re trying to access a whole new base of customers, perhaps through a new channel, or you’re thinking about creating an entirely new set of offerings, that would be another marker of transformation because your company’s going to have to do vastly different things,” Liu says.
When he took the helm of the iconic brand, Rolls-Royce CEO Tufan Erginbilgiç realized he needed a strategy for reinventing the 120-year-old manufacturer. In a conversation with McKinsey senior partner Michael Birshan, Erginbilgiç says transformation starts with the understanding that strategic goals aren’t just numbers. They must be translated into clear, relevant initiatives and relentlessly reinforced to give employees direction and purpose. To transform Rolls-Royce, Erginbilgiç emphasized culture change, empowering employees to feel ownership of their roles in turning around the company. “My view is you need to be very consistent—consistent expectations, consistent reinforcement. And use every opportunity possible for performance management,” he says. “You need to continually tell people what good looks like so that there’s a learning process. That’s what changes culture.”
For some companies, transforming their core business may not be enough to achieve sustained growth in the face of new competition, economic disruptions, and other changes in the market landscape. According to McKinsey senior partners Ari Libarikian and Chris Hagedorn and colleagues, those companies can consider building new businesses at the same time to extend their longevity and help them outpace competitors. The value created through a transformation, whether through cost cutting or cash management, can help fund a new business venture. And such new ventures are more than eight times likelier to scale than start-ups, thanks to the advantages of a parent company’s resources and competencies. “The opportunities that emerge when marrying transformation with business building can be powerful,” the authors say.
Lead by developing your transformation strategy.
— Edited by Eric Quiñones, senior editor, New York
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 04:49 - 11 Nov 2024 -
How can leaders ensure that carbon markets effectively address climate change?
Only McKinsey Perspectives
Brought to you by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of Only McKinsey Perspectives. We hope you find our insights useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
—Alex and Axel
•
Rising demand. As COP29 kicks off in Azerbaijan, world leaders are focusing on mitigating the effects of global warming. Decarbonization—the removal of carbon dioxide from the atmosphere and the reduction of carbon dioxide and other greenhouse gases that are released into it—is a key response to climate change. With a growing number of companies turning to carbon markets to curb their carbon footprints, the demand for carbon credits is expected to increase 15 times by 2030 and 100 times by 2050, McKinsey partner Sean Kane and associate partner Charles Riesenberg reveal.
•
Getting carbon markets right. Through voluntary carbon markets, companies that make net-zero commitments frequently purchase carbon credits to offset their greenhouse gas emissions. According to McKinsey senior partner Badrinath Ramanathan, voluntary carbon markets are “still nascent”; to contribute effectively to climate action, they need to be significantly scaled. Read our McKinsey Explainer, “What is decarbonization?,” for six ways that organizations can create more certainty in carbon markets, and learn more about McKinsey’s role at the 2024 UN climate change conference.
—Edited by Belinda Yu, editor, Atlanta
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by "Only McKinsey Perspectives" <publishing@email.mckinsey.com> - 01:27 - 11 Nov 2024 -
The week in charts
The Week in Charts
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 04:00 - 9 Nov 2024 -
Start Making Sales on TikTok Shop!
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What’s a permacrisis, and is it permanent?
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Business leaders operate in a complex world, navigating geopolitics, supply chain issues, slow productivity growth, and more. In this episode of the Forward Thinking podcast, McKinsey’s Michael Chui talks with leading economists and authors A. Michael Spence and Mohamed El-Erian about the state of permacrisis, “to understand why it is that we seem to be going from one crisis to another, and whether we can correct it.”
Check out the episode to learn about how three change areas—technology, life sciences, and green technology—now provide a window of opportunity to regain control in this tough environment. Then, explore these insights for more on how to navigate uncertainty to promote inclusive, durable, and sustainable growth.To see more essential reading on topics that matter, visit McKinsey Themes.
— Edited by Esther Chung, editor, Atlanta
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 12:41 - 9 Nov 2024 -
EP137: Proxy vs Reverse Proxy
EP137: Proxy vs Reverse Proxy
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10 Essential Components of a Production Web Application
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Proxy Vs reverse proxy
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10 Essential Components of a Production Web Application
It all starts with CI/CD pipelines that deploy code to the server instances. Tools like Jenkins and GitHub help over here.
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Load balancers and reverse proxies (such as Nginx & HAProxy) distribute user requests evenly across the web application servers.
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The web app communicates with backend services via APIs.
The backend services interact with database servers or distributed caches to provide the data.
Resource-intensive and long-running tasks are sent to job workers using a job queue.
The full-text search service supports the search functionality. Tools like Elasticsearch and Apache Solr can help here.
Monitoring tools (such as Sentry, Grafana, and Prometheus) store logs and help analyze data to ensure everything works fine.
In case of issues, alerting services notify developers through platforms like Slack for quick resolution.
Over to you: What other components would you add to the architecture of a production web app?
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by "ByteByteGo" <bytebytego@substack.com> - 11:37 - 9 Nov 2024 -
Global Banking Annual Review 2024 de McKinsey
Comparte este email
El mercado se muestra escéptico con la creación de valor a largo plazo en la banca debido a factores macroeconómicos y específicos del sector. En nuestro artículo destacado, Asheet Mehta, Klaus Dallerup, Luca Pancaldi, Miklós Dietz, Pradip Patiath, Vik Sohoni explican cómo el “cociente de gestión” será un elemento diferenciador para los bancos en los años restantes de la década de 2020. Otros temas destacados son:
•
Cómo crear una guía práctica de tecnología climática para empresas emergentes y en expansión
•
Cómo la excelencia operativa puede ayudar a reactivar la productividad
•
El impacto que lo digital y la IA pueden tener en las empresas de bienes de consumo
•
Los retos y las oportunidades para los líderes de hoy, según Daniel Vasella, expresidente y exCEO de Novartis AG
La selección de nuestros editores
LOS DESTACADOS DE ESTE MES
Cómo crear una guía práctica para empresas de tecnología climática emergentes y en expansión
¿Cómo puede una empresa de tecnología climática conseguir financiamiento y crecer rápidamente? The Climate Brick, un manual de código abierto para emprendedores e inversionistas, pretende ofrecer algunas respuestas.
Desmitifique el viaje
Cómo romper las barreras operativas para alcanzar la máxima productividad
Nuestra investigación más reciente examina cómo un nuevo enfoque de la excelencia operativa puede ayudar a reavivar la productividad y revela cinco prácticas importantes para impulsar el rendimiento.
3 pasos
¿Fortuna o ficción? El valor real de una transformación digital y de IA en los bienes de consumo envasados
Un nuevo análisis de McKinsey cuantifica el impacto que lo digital y la inteligencia artificial pueden tener en las empresas de bienes de consumo y dónde deberían centrar sus esfuerzos los ejecutivos de bienes de consumo envasados.
Cree valor a largo plazo
Cómo asumir con entusiasmo el papel de CEO: Entrevista con Daniel Vasella
El puesto más alto puede ser duro. Pero, como explica el exdirector ejecutivo de Novartis, los líderes pueden disfrutar compitiendo, al tiempo que perfeccionan las cualidades personales necesarias para tener éxito y movilizar a la organización.
Conozca esta perspectiva
Ser realista con la inteligencia artificial
La IA generativa representa una revolución sociotécnica con enormes implicaciones en todos los aspectos de nuestras vidas. Mantener a los seres humanos informados es fundamental para su desarrollo responsable.
Sintonice ahora
Listos para despegar: La oportunidad de las ventas al por menor para las aerolíneas
Unas ventas al menudeo más sofisticadas podrían aportar un valor sustancial a la industria aeronáutica, si se logran cambiar la tecnología, los procesos y las mentalidades.
Emprenda el vueloEsperamos que disfrute de los artículos en español que seleccionamos este mes y lo invitamos a explorar también los siguientes artículos en inglés.
McKinsey Explainers
Find direct answers to complex questions, backed by McKinsey’s expert insights.
Learn more
McKinsey Themes
Browse our essential reading on the topics that matter.
Get up to speed
McKinsey on Lives & Legacies
Monthly obituaries from business and society, highlighting the lasting legacies of executives and leaders from around the globe.
Explore the latest obituaries— Edited by Joyce Yoo, editor, New York
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Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007
by "Destacados de McKinsey" <publishing@email.mckinsey.com> - 08:25 - 9 Nov 2024 -
Elevate Your Business with TikTok Shop!
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by "TikTok Shop" <seller@shop.tiktok.com> - 06:19 - 8 Nov 2024 -
Pragtech Jewelry Management Demo Details - Pragtmatic Techsoft
Hi MD Abul,
Greetings for the Day!
Thank you for your time at today's meeting. It was a pleasure discussing the module you are interested in. As we discussed, please find below the demonstration details for your reference.
Pragtech Jewellery Management ($99 One time cost)Demo Database Link: http://142.132.135.167:8017/?db=Jewelry_management_v17
Demo database Name : Jewelry_management_v17Username : demo
Password : demo
Demo Video Link: https://drive.google.com/file/d/1_bWPuX1Uir_c8euHDzeIqLaNq3FF8-qh/view?usp=sharing
Looking forward to hearing from you soon.
Cheers!
Thanks & Regards,Suleman Tapal
Senior Global Business Development ExecutiveAMERICA: +1 7137015957 | EUROPE: +44 2081232759 |AUSTRALIA: +61 0280037653 | ASIA: +91 2041322895Website: www.pragtech.co.inEmail: suleman.tapal@pragtech.co.inSkype : pragtech
by "Suleman T" <suleman.tapal@pragtech.co.in> - 07:39 - 8 Nov 2024 -
A reminder for our upcoming meeting
Hello MD Abul,
This is a friendly reminder that we have a meeting booked on:
8 Nov 2024 16:00 +07 (+07:00)
I look forward to meeting with you,
Thanks & Regards,Suleman Tapal
Senior Global Business Development ExecutiveAMERICA: +1 7137015957 | EUROPE: +44 2081232759 |AUSTRALIA: +61 0280037653 | ASIA: +91 2041322895Website: www.pragtech.co.inEmail: suleman.tapal@pragtech.co.inSkype : pragtech
by "Suleman T" <suleman=pragtech.co.in@notifybf2.hubspot.com> - 03:45 - 8 Nov 2024 -
A reminder for our upcoming meeting
Hello MD Abul,
This is a friendly reminder that we have a meeting booked on:
8 Nov 2024 16:00 +07 (+07:00)
I look forward to meeting with you,
Thanks & Regards,Suleman Tapal
Senior Global Business Development ExecutiveAMERICA: +1 7137015957 | EUROPE: +44 2081232759 |AUSTRALIA: +61 0280037653 | ASIA: +91 2041322895Website: www.pragtech.co.inEmail: suleman.tapal@pragtech.co.inSkype : pragtech
by "Suleman T" <suleman=pragtech.co.in@notifybf2.hubspot.com> - 03:30 - 8 Nov 2024
