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Operational excellence takes the spotlight. Here’s why.
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by "McKinsey Quarterly" <publishing@email.mckinsey.com> - 02:32 - 30 Nov 2022 -
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Steps your business can take to include everyone.In with the inclusivityYou work really hard to stay open for business. But what about being more open to diversity, inclusion, and equity?We’ve got you covered. We’ve teamed up with Arsenal and England star Bukayo Saka to help create more opportunities for everyone, regardless of background.So, if increasing productivity, attracting more customers, and improving brand perception—while strengthening core values—sounds good to you…Get in here Want to learn more about our partnership with Bukayo?Check it out Privacy Policy | Support | Invite a Friend | Get Inspired
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If employees shrug, how can managers still inspire?
On Point
The upside of delivering tough feedback Yes, I'm still interested Brought to you by Liz Hilton Segel & Homayoun Hatami
Global leaders, Industry & Capabilities Practices• New term, old problem. Senior partner Bill Schaninger and partner Bryan Hancock have seen versions of quiet quitting, social loafing, or skating by on the performance of stronger team members in the work landscape for decades. What’s different today, they say, is that “a perfect storm” of the COVID-19 pandemic, working from home, and bosses not checking in as much has contributed to pervasive disengagement, exhaustion, and loneliness. Employers who want to minimize quitting, quiet quitting, and other expressions of malaise need to take action.
— Edited by Katy McLaughlin, senior editor, Southern California
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 10:16 - 29 Nov 2022 -
How the defense industry could lead the climate charge
Harmony Internal - McKinsey
Read the interview Yes, I'm still interested Brought to you by Liz Hilton Segel & Homayoun Hatami
Global leaders, Industry & Capabilities PracticesFormer Netherlands defense chief Thomas Middendorp, the so-called ‘climate general’, admits that the relationship between climate change and national security might not be immediately obvious. But look a little closer, and the signs are there: the Taliban taking advantage of social tensions in Afghanistan triggered by water shortages; poor farmers and fishermen driven by famine to piracy in Somalia. Defense players, he says in conversation with McKinsey partner Axel Esqué, need to be prepared to adapt to rapidly changing circumstances. But it’s not just about responding to threats. Middendorp also sees the transition toward green technologies as an opportunity for the defense industry to lead with innovation—and set an example for the world.
Quote of the day
—Alison Watkins, speaking to McKinsey partner Joseph Tesvic, in “In the boardroom with Alison Watkins: CEOs, boards, and leading through crisis”
Chart of the day
ALSO NEW
— Edited by Stephanie d’Arc Taylor, editor, Southern California
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:38 - 29 Nov 2022 -
Ready to kick some API butt in 2023?
Ready to kick some API butt in 2023?
Check out the lineup, including Kin Lane & Tyk CEO Martin Buhr, and get your free tickets.Tyk’s Holiday APIM Extravaganza
On Wednesday, 7th December, business leaders, architects, product leaders, developers, and a plethora of tech personnel from across the globe will gather for Tyk’s holiday APIM Extravaganza - will you join us?
In a fresh, fast-moving format, our event will be full of quick-fire tips and expert advice from Tyklings, our beloved customers and some headlining heavy hitters - API evangelist extraordinaire Kin Lane, Tyk CEO and founder Martin Buhr, and Developer evangelist at Twilio, Nathaniel Okenwa. You can check out the full lineup and agenda and grab your free ticket here.
Here are five reasons why you should attend this epic event…
- Learn the lessons and takeaways from a year of uncertainty for developers
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by "Jason Miller" <jason.miller@tyk.io> - 08:36 - 29 Nov 2022 -
App feels wrong? Learn how to get it right
New Relic
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Learn how New Relic distributed tracing takes the complexity out of optimizing applications.Read more View in browser
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by "New Relic" <emeamarketing@newrelic.com> - 06:36 - 29 Nov 2022 -
After 30 years of relative calm, is the world at the start of a new era?
On Point
Five domains of the next era Yes, I'm still interested Brought to you by Liz Hilton Segel & Homayoun Hatami
Global leaders, Industry & Capabilities Practices• A potential new era. After three decades of relative calm, today’s unnerving events have largely come as surprises: a global pandemic, energy scarcity, rapid inflation, and rising geopolitical tensions. Similar to how the aftermath of World War II, the oil crisis of the early 1970s, and the breakup of the Soviet Union each ushered in a new epoch, could the world now be on the cusp of a new era? A new McKinsey Global Institute paper by senior partners Chris Bradley, Sven Smit, and Jonathan Woetzel and partner Jeongmin Seong suggests a framework to imagine the potential new era.
—Edited by Grace Ivey, Editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:39 - 29 Nov 2022 -
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by "Jignesh Pardeshi" <official@uffizio.in> - 10:00 - 28 Nov 2022 -
Lessons in innovation from PepsiCo’s chief designer
Harmony Internal - McKinsey
Think big Yes, I'm still interested Edited by Stephanie d’Arc Taylor
Editor, Southern CaliforniaQuote of the day
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:46 - 28 Nov 2022 -
What AI can do for human health
Harmony Internal - McKinsey
A new edition of The Next Normal Yes, I'm still interested The Next Normal | What AI can do for human health Share these insights
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 12:14 - 28 Nov 2022 -
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Schneider Electric
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by "Schneider Electric" <reply@se.com> - 04:02 - 28 Nov 2022 -
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by "The Sangoma OSS Team" <webannounce@sangoma.com> - 03:16 - 28 Nov 2022 -
What motivates employees to stay? A leader’s guide
Harmony Internal - McKinsey
Playing for keeps Yes, I'm still interested Edited by Rama Ramaswami
Senior Editor, New YorkCan a high-performing organization have a soul? Rishad Premji, executive chairman of India-based IT services provider Wipro, answers that question in this discussion with McKinsey partner Anuj Kadyan. “To me, culture represents the soul of the organization,” says Premji. That conviction underlies his initiative to make Wipro more “empathetic, vulnerable, collaborative, and decent.” Premji’s cultural-transformation program, launched after he took the helm in 2019, is centered on the development of five simple core habits among Wipro employees—being respectful, being responsive, communicating, demonstrating stewardship, and building trust—that together improve performance. “These habits provide a very strong foundation for what is necessary to build a high-performing organization,” says Premji. “We want to institutionalize this in our thinking, so many of our people processes are incorporating it, including our appraisal process and salary increase process.”
That’s the percentage of companies in a McKinsey survey that are not experiencing greater turnover—at a time when attrition is increasing on a global scale. What’s their secret to retaining talent? According to research by McKinsey’s Neel Gandhi and others, it may lie in their ability to balance “hygiene” factors, which are basic employment features such as compensation and working conditions, with “motivators”: elements that influence employees to stay, such as concern for their well-being and development, rewards and recognition, and strong relationships with coworkers and managers.
That’s managers responding to a McKinsey survey question on what prevents their companies from matching top talent to their most important business priorities. Respondents cite the same reason for their companies’ reluctance to provide more skills-based training. In our survey of 21 talent best practices, company leaders come off as the biggest impediments to adopting better ways of working: for example, 52 percent of non-CEO respondents believe that their company leadership doesn’t value the use of “clear structures, roles, and responsibilities to streamline work.” Considering the positive effects of talent management on business outcomes, as shown in research by McKinsey’s Dana Maor, Bill Schaninger, and others, leaders may want to consider making talent the most important thing to worry about.
‘Talent requires development,’ says economist and author Tyler Cowen in this Forward Thinking podcast hosted by McKinsey partner Michael Chui. “If all you end up with is what you start out with, you’re not going to be good, really, at anything.” One aspect of developing talent may involve creating higher aspirations in people who may not normally think of themselves as successful. “I don’t think we think carefully or explicitly enough of how [we can] bend upwards everyone’s what I call ‘aspiration curve’ so they can strive for higher and better things,” Cowen says. One way that organizations can encourage progress on that curve is to support employees in taking on new roles, which can offer better learning opportunities or a more significant share of skills and responsibilities than their previous job did. McKinsey research shows that 40 to 50 percent of role moves involve pay increases and that workers making these moves manage to boost their earnings by 30 to 45 percent on average each time.
Be prepared to work extra hard to keep your best people. “It’s remarkable how much of a productivity kicker an organization gets from top talent,” says McKinsey senior partner Scott Keller in this article on the relationship between talent quality and business performance. “In highly complex occupations ... high performers are an astounding 800 percent more productive.” But don’t take these superstars for granted, warns the author of this Harvard Business Review article on retaining high-potential talent. “If you rely on these people for outstanding organizational performance, you must treat them as valued, unique individuals,” he says. “Never dismiss their ideas, never allow their progress to be blocked, and never miss the chance to shower them with praise when they succeed.”
Lead with talent.
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 01:09 - 28 Nov 2022 -
A venture capitalist explains why this may be a great time to launch a start-up
On Point
The promise and perils facing start-ups Yes, I'm still interested Edited by Alexandra Mondalek
Editor, New York• Tailwinds despite headwinds. “There have been plenty of great companies started in the troughs to suggest that there’s no reason to stop investing,” says VC Bill Gurley. Even with all the macroeconomic factors contributing to a tense global climate, some favorable conditions—such as a newly far-reaching talent pool and access to cheaper real estate—mean that a start-up can still build a strong foundation today, according to Gurley.
• Lessons from a downturn. One thing that makes this potential downturn different is that there have been “a lot of companies with huge amounts of revenue, some with massive losses,” explains Gurley. The “venture community needs to get its head around the new reality as fast as possible,” he says in conversation with McKinsey Quarterly editorial director Rick Tetzeli. Learn how one of Silicon Valley’s most respected VCs thinks about company course corrections, the path to public listings, and more.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:29 - 28 Nov 2022 -
[One week away!] Best of MAX for Business Webinar
Adobe
Interact directly with our Adobe experts!Best of MAX Business Webinar
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by "Adobe Creative Cloud for Business" <demand@info.adobe.com> - 09:05 - 27 Nov 2022 -
It’s the final countdown! Your last chance to save 40% 🚀
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by "WooCommerce" <noreply@woocommerce.com> - 09:01 - 27 Nov 2022 -
The week in charts
The Week in Charts
Sustainable shopping, cost increases, and more Yes, I'm still interested Share these insights
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:40 - 26 Nov 2022 -
A calming practice for holiday stress and an ode to quitting the ventures that no longer serve you
Readers & Leaders
Take a breath THIS MONTH'S PAGE-TURNERS ON BUSINESS AND BEYOND
The table isn’t set, the potatoes are burning, and guests are arriving—early. The holiday season is rife with moments of stress, so three current and former McKinsey experts are sharing the practices they use to remain calm through crisis. In this edition of Readers & Leaders, check out the newly released book Deliberate Calm, a guide to navigating an increasingly complex world from Jacqueline Brassey, Aaron De Smet, and Michiel Kruyt. Earlier this month, The Titanium Economy became a national bestseller, former poker pro and bestselling strategist Annie Duke dispelled the myth that “winners never quit,” and much more. Catch the rest of this month’s conversations from Author Talks and new reads from NPD BookScan, prepared exclusively for McKinsey. Itching for more? Visit McKinsey on Books for the latest, and to get Readers & Leaders in your inbox monthly, click here to subscribe.
IT BEARS REPEATING
“In order to play the game of poker or play the game of life well, you have to quit in some situations, particularly those situations where other people might not. Poker players find it very hard to quit games when they’re losing. You have to be willing to do that so you can get yourself in a better position later. People don’t want to quit projects for the same reason. You, as leadership, have to remind them that it’s one long game.”
—Annie Duke, decision-making strategist, former professional poker player, and bestselling author of Quit: The Power of Knowing When to Walk Away (Penguin Random House, September 2022), in a recent edition of Author Talks.OUT NEXT WEEK
When crisis hits, having a practice of self-awareness and emotional regulation will empower you to face down challenges proactively, not reactively. Combining cognitive science, consciousness exercises, and 50-plus total years of boardroom experience, McKinsey senior knowledge expert Jacqueline Brassey, senior partner Aaron De Smet, and former partner Michiel Kruyt offer Deliberate Calm: How to Learn and Lead in a Volatile World. In a recent edition of Author Talks, the authors explain how anyone can confront external uncertainty by first connecting with the inner self.
“Occasionally—for example, if you step off of a curb and a bus is coming at you—you will benefit from just jumping without thinking, but those situations are rare. Most of the time, the crises we are facing benefit from you saying, ‘Let me take a deep breath, let me think, let me pause, let me take stock.’ This is where dual awareness comes in. I take stock of the situation and of myself, and I link those two.” –Aaron De Smet, McKinsey senior partner, in a recent edition of Author Talks. Preorder Deliberate Calm: How to Learn and Lead in a Volatile World (Harper Collins, November 29, 2022).IN CASE YOU MISSED IT
Tech policy scholar Orly Lobel sees a path toward equity, leveraged by technology: “It’s only when we have skin in the game and a constructive stance on envisioning the best possible future that we can get a brighter future and an equality machine.” Watch the full interview.
Organizational consultant Dr. Tina Opie breaks down the obstacles standing in the way of workplace equity: “I think being ‘color-blind’ is well-intentioned, but it’s a misinformed approach because it prevents us from ever being able to actually unpack what is happening, why racioethnicity matters, and why it has been devalued in the workplace in the past.” Watch the full interview.
PepsiCo chief design officer Mauro Porcini shares how to bring more meaning to design: “The starting point, the cultural level in every company, needs to be the needs and wants of human beings and, therefore, the needs of our planet, our society, and of everything else that [matters to us] as human beings.” Watch the full interview.
Columbia Business School professor Bruce Usher has sustainable tips for the conscious investor: “We have three decades to completely rebuild this entire global economy that we spent the last 300 years creating. That’s going to require an extraordinary amount of investment capital.” Watch the full interview.COMING UP
Michelin-star restaurateur Will Guidara urges business leaders to reprioritize hospitality: “I believe we’re becoming a hospitality economy, especially after the couple years that we’ve just had. . . . Making good products is no longer enough and serving them efficiently is no longer enough. It’s how people are made to feel that’s starting to matter most of all.” Watch the full interview next week.
BUSINESS BESTSELLERS TOP
8
Skipped out on Black Friday shopping this year? This month’s business bestsellers, prepared exclusively for McKinsey by NPD BookScan, are great gifts for the readers in your life—and not just because they’re easy to wrap. Explore the full lists on McKinsey on Books.
BUSINESS OVERALL
BUSINESS HARDCOVER
DECISION MAKING
ECONOMICS
ORGANIZATIONAL BEHAVIOR
WORKPLACE CULTURE
DIVERSITY & INCLUSION
SUSTAINABILITY
BOOKMARK THIS
If you’d like to propose a book or author for #McKAuthorTalks, please email us at Author_Talks@McKinsey.com. Given the high volume of requests, we will respond only to those being considered.
—Edited by Molly Liebergall, an editor in McKinsey’s New York office
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by "McKinsey Readers & Leaders" <publishing@email.mckinsey.com> - 11:58 - 26 Nov 2022 -
OpenTelemetry — the future of API observability
OpenTelemetry — the future of API observability
In complex API-driven environments, having deep visibility into the behaviour of your APIs and subsequent apps is critical for dev teamsHi MD Abul,
OpenTelemetry, an open-source observability framework, is helping teams get end-to-end visibility into their transactions to optimise and troubleshoot applications more efficiently.
As OpenTelemetry is becoming the new standard to generate, collect and export telemetry data to multiple observability back-ends, let’s take a look at what changes it will bring to API observability in the future.
Join Sonja, Senior Product Manager, and Budha, Product Evangelist at Tyk, on December 1, 2022 @ 12:00 pm ET / 5:00 pm GMT as they discuss:
- What is OpenTelemetry?
- How has API observability evolved over the years?
- What are the challenges with API observability, and how could OpenTelemetry solve them?
- How does OpenTelemetry help API developers troubleshoot their APIs more efficiently?
- How does OpenTelemetry help API product managers get more insights from their APIs?
If you have any queries or questions, don't hesitate in reaching out to us.
See you soon!
Cheers
Faye
Tyk Community Manager
P.S. We have more events coming soon! Check them out.
Tyk, 87a Worship Street, London, City of London EC2A 2BE, United Kingdom, +44 (0)20 3409 1911
by "Faye Tandog" <faye@tyk.io> - 11:56 - 24 Nov 2022