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How business leaders can jump-start an era of abundance

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Raise productivity and prosperity

In the news

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Reason for optimism. Today’s executives are steering their companies through a complex geopolitical and business landscape, Fortune reports. Yet there’s reason to be optimistic about the future, Ian Bremmer, president of Eurasia Group, shared at a recent Fortune CEO Initiative forum. “[Your grandkids are] going to be living in a world of inexpensive, decentralized, abundant, sustainable energy. Humans have never had that before, and they’re going to be powered by AI all over the world. That’s an incredible opportunity,” Bremmer said. [Fortune]

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US start-ups foster growth. Productivity is booming in the US, with labor productivity increasing at a pace not seen since the 1990s, the policy director of an economic think tank observes in the Washington Post. The trend is likely being driven by a wave of entrepreneurs launching new ventures. Americans submitted about 5.5 million applications for new companies in 2023, according to the US Census Bureau. New businesses, which introduce innovations and increase competition, spur productivity growth. [WaPo]

Our analysis of S&P 500 companies shows that companies ranked in the 75th percentile deliver 95% more revenue per employee than those at the median.

On McKinsey.com

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An abundant future. Many business leaders are uncertain about how to help their companies prosper in an era of ongoing disruption. Yet companies can upskill workers, change how their organizations operate, strive to offset higher input prices and interest rates, and invest in capital and technology. Those that do have an opportunity to accelerate growth, boost productivity, and create a more prosperous and sustainable future, McKinsey senior partner Asutosh Padhi , McKinsey partner Ezra Greenberg , and McKinsey Global Institute chair Sven Smit explain.

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Improving productivity and performance. Enterprises can gain substantial value from improving worker productivity. Companies ranked in the 90th percentile deliver 300% more revenue per worker than those at the median, according to a McKinsey analysis of S&P 500 companies. Establishing a hiring engine that focuses on a company’s most critical roles and skills can help leaders maximize the return on their talent investment. Explore three key challenges that all point to the importance of increasing productivity.

See how to boost productivity

—Edited by Belinda Yu, editor, Atlanta

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by "Only McKinsey" <publishing@email.mckinsey.com> - 11:05 - 2 Jun 2024

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We want guest post on your site https://www.smechamber.mt/

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How business leaders can jump-start an era of abundance

Raise productivity and prosperity

In the news

Our analysis of S&P 500 companies shows that companies ranked in the 75th percentile deliver 95% more revenue per employee than those at the median.

On McKinsey.com

Archives

in

info@learn.odoo.com

We want guest post on your site https://www.smechamber.mt/

Re: Follow Up

How business leaders can jump-start an era of abundance

﻿Raise productivity and prosperity

In the news﻿

﻿Our analysis of S&P 500 companies shows that companies ranked in the 75th percentile deliver 95% more revenue per employee than those at the median.

On McKinsey.com

Raise productivity and prosperity

In the news

Our analysis of S&P 500 companies shows that companies ranked in the 75th percentile deliver 95% more revenue per employee than those at the median.