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We hope you get to catch this live session | Creative Cloud and its collaborative features
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by "Adobe" <demand@info.adobe.com> - 08:04 - 7 Nov 2022 -
How big data can be used to build a more equitable future
Harmony Internal - McKinsey
Be cautiously optimistic Edited by Katherine Tam
Editor, New YorkWhat comes to mind when you think of big data? Are you concerned about the negative effects of automation, AI, and data collection, especially as it relates to privacy? While technology can certainly do harm, tech policy scholar Orly Lobel says that advancements in technology can also lead us toward a more equitable future. In a new Author Talks interview, she argues that technology can be a powerful tool for positive societal change, and that it’s important that we “know what the worst practices are,” while also having “a vision and blueprint of the best practices.” Be sure to join the conversation. And for more on how institutional investors and private equity firms can use data to measure progress in diversity, equity, and inclusion, check out this recent article from David Baboolall (they/them) and Alexandra Nee (she/her).
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:24 - 7 Nov 2022 -
A leader’s guide to strengthening workplace connections
Harmony Internal - McKinsey
The ties that bind
by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:09 - 7 Nov 2022 -
Hydrogen could play a key role in a low-carbon future. Here’s how.
On Point
Five charts on hydrogen Edited by Belinda Yu
Editor, Atlanta• Clean-hydrogen demand. Hydrogen could play a key role in helping the world reach net-zero emissions by 2050, according to McKinsey senior partner Bernd Heid, partner Markus Wilthaner, and coauthors. Most hydrogen today is produced with fossil fuels. However, fulfilling hydrogen’s potential as a tool for decarbonization will require a significant scale-up of clean hydrogen. Demand for clean hydrogen could grow to approximately 660 million metric tons annually by 2050, analysis by McKinsey and the Hydrogen Council finds.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:41 - 7 Nov 2022 -
[Webinar Invite] How to Create an Optimized API Development Process
SmartBear
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by "Andrew from SwaggerHub" <swaggerhub-team@smartbearmail.com> - 09:31 - 6 Nov 2022 -
The week in charts
The Week in Charts
Black consumers' needs in financial services, why insurance carriers are looking to the cloud, and more Share these insights
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:52 - 5 Nov 2022 -
Is the world transitioning to the next era?
McKinsey&Company
Plus, a resilience framework for European leaders .Share this email Monthly Highlights, November 2022 Today’s events—a global pandemic, energy scarcity, rapid inflation, and geopolitical tensions—might feel like a cluster of earthquakes that is reshaping our world. Are we in the early throes of a seismic shift? In a new discussion paper from the McKinsey Global Institute (MGI), director Chris Bradley, partner Jeongmin Seong, chairman and director Sven Smit, and director Jonathan Woetzel suggest a framework to imagine a new era, drawn from a historical perspective of the structural tectonics that underpinned the world we have today and how they might play out. Our second featured story this month provides a resilience framework for European business leaders as they face a confluence of crises and a deeply unsettled economy. Other highlights in this month’s issue include the following topics: - why women leaders are switching jobs at the highest rate ever seen
- how to cultivate organizational resilience
- why burnout has hit record levels over the past two years and what leaders can do about it
- which skills current and former COOs see as necessary to operate effectively in the years to come
Editor’s choice On the cusp of a new era? Current economic and political turbulence could presage the start of a new era that is structurally very different with a new narrative of progress. Download the full discussion paper A defining moment: How Europe’s CEOs can build resilience to grow in today’s economic maelstrom Can leaders lift their companies to the next frontier of resilience—not only to survive but also to thrive? Get the bigger picture THIS MONTH’S HIGHLIGHTS Women in the Workplace 2022 Women leaders are switching jobs at the highest rates we’ve ever seen, and ambitious young women are prepared to do the same. That’s according to the latest Women in the Workplace report from McKinsey, in partnership with LeanIn.Org. Rise to the moment Raising the resilience of your organization Repeatedly rebounding from disruption is tough, but some companies have a recipe for success: a systems mindset emphasizing agility, psychological safety, adaptable leadership, and cohesive culture. Adapt now Beyond burnout: What helps—and what doesn’t Despite leaders’ best efforts, worldwide burnout persists. New research reveals why—and how to help employees begin to thrive again. Avoiding burnout Stepping up: What COOs will need to succeed in 2023 and beyond COOs are increasingly important to corporations, but what skills will they need to perform at their best? Business leaders weigh in. Top 5 proficiencies The future of mobility: Transforming to be ahead of the opportunity As electric mobility gains momentum in India and other countries, it could prompt disruptions and structural shifts in the automotive industry. Embrace the possibility Digital twins: The foundation of the enterprise metaverse Companies can leverage digital twins in a way that delivers significant value today—while building the engine for the enterprise metaverse of tomorrow. Take the journey ALSO NEW Decarbonising India: Charting a pathway for sustainable growth US holiday shopping 2022: ’Tis the season to be (cautiously) optimistic The Titanium Economy: How to overcome the challenge of filling high-quality jobs The Great Reset: North American asset management in 2022 Embedded finance: Who will lead the next payments revolution? Author Talks: Turn your work enemies into allies The scaling imperative for industry 4.0 Digital resilience: Consumer survey finds ample scope for growth Author Talks: Dismantling double standards in business with CNBC’s Julia Boorstin How does Gen Z see its place in the working world? With trepidation Identifying opportunities and starting to build a new green business in the industrial sector Tech at the edge: Trends reshaping the future of IT and business What workers want is changing. That could be good for government Women Matter Mexico 2022: Lights and shadows of the pandemic SPECIAL FEATURES We’re helping build an economy that works for all. We’re taking action to create a more inclusive economy through our work with clients, and in local communities. Look closer Deliberate Calm The key to leading through volatility comes from within. #DeliberateCalmBook Preorder now McKinsey on Risk Today’s business and public-sector leaders face a risk landscape disrupted at levels that few have seen before. Download the issue The McKinsey Crossword Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Play now McKinsey Classics Learn why shareholder capitalism is still the best path for economic prosperity with our classic, “The real business of business.” Rewind Get your Daily Read Read a sample of the Daily Read newsletter, and sign up for it or any of our 40+ free email subscriptions. Subscribe — Curated by Eleni Kostopoulos, an editor in McKinsey’s New York office Follow our thinking McKinsey Insights - Get our latest
thinking on your iPhone, iPad, or AndroidShare these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too.
Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here.This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you are a registered member of our Monthly Highlights newsletter. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007
by "McKinsey Highlights" <publishing@email.mckinsey.com> - 11:46 - 5 Nov 2022 -
Strategic quitting, learning from emergencies, DEI in private markets, and more: The Daily Read weekender
Harmony Internal - McKinsey
Highlights for your downtime CURATED PICKS FOR YOUR DOWNTIME, FROM OUR EDITORS
Joyce Yoo
Editor, New YorkWe’ve made it to November and fall is in full swing in the Northern Hemisphere. As you unwind this weekend, catch up on the week’s essential reads on quitting on time, what emergencies can teach us about solving long-term problems, DEI in private markets, and more.
Quote of the day
—Ante Spittler, CEO and cofounder of Moss, on what he looks for in investors in “Hyperscaling a fintech start-up: Lessons from Moss”
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ready to unwind?
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:29 - 4 Nov 2022 -
A devilish duality: How CEOs can square resilience with net-zero promises
Harmony Internal - McKinsey
5 core actions New from McKinsey Quarterly
A devilish duality: How CEOs can square resilience with net-zero promises
5 core actions Share these insights
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by "McKinsey Quarterly" <publishing@email.mckinsey.com> - 04:45 - 4 Nov 2022 -
‘It’s important to bring the spirit of emergencies to the long term’
Harmony Internal - McKinsey
Listen up Share these insights
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by "McKinsey Quarterly" <publishing@email.mckinsey.com> - 02:04 - 4 Nov 2022 -
Webinar: Sangoma 3rd Party Integration: All You Should Know
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The ‘other’ nuclear energy is a powerful climate solution. Is its time coming?
The Shortlist
Breaking barriers Edited by Barbara Tierney
Senior Editor, New YorkThis week, why the case for nuclear fusion is growing stronger. Plus, how a labor shortfall could affect plans to upgrade US infrastructure, and a McKinsey partner and former international sailing champion shares her favorite podcasts.
No carbon. What if a technological breakthrough in another area could help the power sector decarbonize—and help prevent the worst effects of climate change? The potential exists, in nuclear-fusion energy. In a recent article, senior partner Miklós Dietz and his colleagues discuss how fusion could supply power and provide flexibility for zero-carbon electricity grids. This is different from nuclear fission, which releases energy by splitting atoms. Fusion creates energy by combining atoms, typically hydrogen isotopes. Unlike wind and solar power, nuclear-fusion energy is dispatchable, meaning it does not rely on environmental or other external variables to generate power. The process of producing fusion energy is remarkably clean, creating no carbon emissions or long-lived nuclear waste from spent fuel.
WHAT WE’RE LISTENING TO
Helen Mayhew
Helen Mayhew, a McKinsey partner based in Sydney and a leader of QuantumBlack, AI by McKinsey, helps organizations use advanced analytics to create business value. Passionate about sailing, Helen is a former world champion and was a training partner to team Great Britain at the Olympics. She fell in love with Australia after sailing the famed Sydney to Hobart yacht race.
I have always loved podcasts, but life during the pandemic brought my enjoyment to a whole new level. During lockdown, first in London and then in Sydney, podcasts became a portal to the outside world—and also a form of escapism. Now that the world is (mostly) back to normal, I still love to learn about how technology is changing the world or to dive into people’s life stories. Here are a few of my favorites:
There is a fantastic complementarity between the Masters of Scale podcast, which explores the ideas behind some of Big Tech’s most notable success stories, and How to Fail with Elizabeth Day, which focuses on the exact opposite: what failure teaches people. One of my favorite episodes was with Brené Brown, who speaks so powerfully about the positive impact of leading with humility and vulnerability. Her own podcast, Brené Brown’s Dare to Lead, inspired by her book of the same name, is also consistently thought-provoking. A recent two-part episode with Adam Grant and Simon Sinek is fantastic on the current shifts that we are seeing in the workplace, from the reality of hybrid models to quiet quitting and beyond.
Macroeconomic and political podcasts can be gloomy, so I try to find happier offerings, such as Reasons to be Cheerful with Ed Miliband and Geoff Lloyd, which takes a dogmatically positive perspective on ideas that would benefit society, from the environment and education to healthcare and philanthropy. For more general reflections on what happiness and purpose mean to people, I love the Happy Place podcast with Fearne Cotton. I was touched by an episode with Richard E. Grant on grief, when he reveals the mantra given to him by his late wife: “Try to find a pocketful of happiness each day.”
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by "McKinsey Shortlist" <publishing@email.mckinsey.com> - 02:29 - 4 Nov 2022 -
When the next pandemic is here, will healthcare leaders be ready?
On Point
A framework for responding effectively Edited by Belinda Yu
Editor, Atlanta• Unprepared. When COVID-19 was declared a pandemic, many countries found themselves unprepared. The public-health crisis exposed long-standing vulnerabilities, such as flawed communication between public-health officials and healthcare systems. In short, public-healthcare systems weren’t as resilient as had been assumed, explain McKinsey senior partners Lieven Van der Veken and Matt Wilson and their coauthors. To help leaders assess their state of readiness to tackle the next health crisis, McKinsey designed a Pandemic Preparedness Survey.
• Responding to the next crisis. Global efforts to strengthen pandemic preparedness are under way now. The US has proposed billions of dollars in new related spending and is creating a center for epidemic forecasting. Meanwhile, Europe has launched the Health Emergency Preparedness and Response Authority. But attention spans can be short, and public-health leaders may need to show that new funding is creating measurable improvements. See a framework that public-health leaders can use to help direct investments to the areas of greatest need.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:33 - 4 Nov 2022 -
Understanding good strategy and bad strategy
Harmony Internal - McKinsey
Solve problems Edited by Joyce Yoo
Editor, New YorkWhat is strategy? Business leaders are often focused on ambitions and achieving results—and less about developing an action plan, according to Richard Rumelt, professor at the UCLA Anderson School of Management. But strategy is a journey that one takes by solving problems, he says. “It is how you overcome the obstacles that stand between where you are and what you want to achieve,” and the “gap between action and ambition is where most bad strategies come from.” Get into a problem-solving mindset and tune into a recent episode of the Inside the Strategy Room podcast to hear his conversation with McKinsey senior partner Yuval Atsmon and see how companies should reimage strategy amid a rapidly changing world.
Quote of the day
—Ari Wallach, founder and executive director of the futurist think tank Longpath Labs, on why it’s important to focus on the long term in a recent Author Talks interview
Chart of the day
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:35 - 3 Nov 2022 -
Reminder: The Future of Urban Mobility
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by "Sangoma Technologies" <webannounce@sangoma.com> - 05:01 - 3 Nov 2022 -
Women leaders are leaving jobs like never before. The next generation is set to follow.
Intersection
The Great Breakup Edited by Justine Jablonska
(she/her/hers)
Editor, New YorkInsights and strategies to nurture diversity, equity, and inclusion in the workplace. In your mailbox every two weeks.
First, there was the Great Attrition. Now, there’s the “Great Breakup”: women leaders, already underrepresented in organizations, are quitting at the highest rates we’ve ever seen. In this issue, we explore the implications for organizations that are struggling to retain the relatively few women leaders they have, as well as how intersectionality deepens these dynamics. Check out our experts’ views on how companies can take action to support not only their current senior-level women but also the next generation of women leaders. Plus, a look at how to reestablish connections purposefully in today’s changed workplaces.
Women want more from work.
And they’re switching jobs to get it.SPOTLIGHT
Why are so many women leaving their jobs? They’re facing persistent and strong headwinds when it comes to advancement. And women—especially women of color, LGBTQ+ women, and women with disabilities—are more likely to experience harmful, belittling microaggressions in the workplace. Those are among the startling findings in Women in the Workplace 2022, the largest annual study of women in corporate America, conducted by McKinsey in partnership with LeanIn.Org. The report, coauthored by McKinsey senior partners Alexis Krivkovich and Lareina Yee and other McKinsey experts, presents information from 333 participating organizations employing more than 12 million people, surveys from more than 40,000 employees, and extensive interviews with women of diverse backgrounds to gain a better perspective on intersectionality at work. What the results reveal could have grave implications for organizations, which risk losing not just the women leaders they now have but also the next generation of women leaders—since our research shows that younger women are increasingly placing higher premiums on equitable, inclusive, and supportive workplaces.
DATA DROP
The factors that prompt current women leaders to leave their companies are even more important to the next generation of women leaders.
TAKE 3
We sat down with McKinsey partner Ishanaa Rambachan, coauthor of Women in the Workplace 2022, to delve deeper into the report’s findings.
1. What is your biggest takeaway from this report?
It’s the scale of the Great Breakup, with women leaders leaving their companies at rates we’ve never seen before, and at higher rates than men in leadership roles. To put the scale of this problem into perspective: for every one woman director getting promoted to the next level, two women directors are leaving their current jobs. But what’s interesting is that according to our data, these women aren’t leaving the workforce entirely. Instead, they’re making deliberate choices about where they are choosing to work—and some are even switching industries or perhaps becoming entrepreneurs.
2. Did anything in the results surprise you?
Women remain deeply underrepresented in technical roles, and this problem seems to be getting worse, with a lower relative representation of women in these jobs than in 2018. Women in technical roles today are twice as likely to say they’re the only woman in the room at work. Why does this matter? Engineering and technical roles are among corporate America’s fastest-growing and highest-paying jobs. It’s important that we increase the representation of women in technical roles, improve their experiences in these roles, and create equal paths to advancement in order to ultimately improve representation.
Another interesting and positive finding is that ambition remains high. Young women want the same things that are driving women leaders to leave at such high rates. It’s good to see that young women are ambitious, bold, and willing to take a stand for what they want in their workplaces. It’s encouraging for the future.
3. Are there any findings that particularly resonated with you?
So many, but two in particular.
The first is the experience of women of color. Only one in 20 C-suite leaders is a woman of color, compared with one in four C-suite leaders for all women. Additionally, for women of color, biases and microaggressions loom large. I hope to see progress on this important issue, not only for myself, my colleagues, and my team but also for my twin toddler daughters as they move forward in the world.
I’m also struck by the paradox of flexibility. The vast majority of employees, both men and women, appreciate flexibility. As a working parent, I especially do. At the same time, I find in-person presence valuable; I enjoy being able to spend time with clients, team members, and colleagues. Getting that balance right is a uniquely challenging opportunity for this particular time.MAKE IT RIGHT
Our research shows that many women list remote- and hybrid-work options as top reasons for staying at or joining a company, and only one in ten women wants to work on-site. But these options aren’t just about flexibility. Women experience fewer microaggressions and feel more psychological safety when working remotely. And the decrease in microaggressions is especially magnified for women of color and LGBTQ+ women, as well as for women with disabilities, for whom remote-work options are especially important. Leaders may want to consider these issues when designing work arrangements.
LISTEN IN
Connectivity in the workplace, or social capital, can help employees learn, flex their creative and collaborative skills, and even advance. But in today’s postpandemic workplaces, where remote work is widespread, social capital can be in short supply. It can, however, be reestablished and rebuilt, according to McKinsey’s John Parsons and Brooke Weddle. Listen to a recent episode of The McKinsey Podcast to learn more about the state of social capital today and how leaders can intentionally and thoughtfully manage workplace interactions.
YOUR TURN
Do any of the findings from our Women in the Workplace research particularly resonate with you?
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by "McKinsey Intersection" <publishing@email.mckinsey.com> - 01:55 - 3 Nov 2022 -
Work in the public sector? What US civil servants want from their jobs is changing.
On Point
Three reasons government workers stay Edited by Belinda Yu
Editor, Atlanta• What US civil servants want. A lack of US public sector workers is felt in long airport security lines and ongoing teacher shortages. Increased funding for infrastructure and other projects will likely create more jobs at a time when the public sector already lags behind the private sector in the race for talent, explain senior partners Scott Blackburn and Nora Gardner and their coauthors. McKinsey’s survey of 1,500 government workers reveals that compensation, meaningful work, and workplace flexibility are the top three reasons US civil servants stay in their roles.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:30 - 3 Nov 2022 -
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Deliberate calm: How leaders can learn how to change when change is hard
Harmony Internal - McKinsey
Truly transform Edited by Stephanie d’Arc Taylor
Editor, New YorkStress test: Leadership in a time of crisis is hard enough. But a situation of extreme volatility and uncertainty, when you don’t know how far things will fall, requires a special, more thoughtful kind of leadership—a kind that takes training and constant practice. “Deliberate calm is a personal toolkit to help leaders change and adapt when it’s the most important and hardest,” says McKinsey senior partner Aaron De Smet, who—along with senior knowledge expert Jacqueline Brassey and Imagine CEO Michiel Kruyt—is the author of the forthcoming book Deliberate Calm: How to Learn and Lead in a Volatile World. Steering a ship through a storm in today’s murky waters, they argue, requires leaders to build competencies previously dismissed as ‘soft’—skills like self-awareness, emotional intelligence, and mindfulness. Check out a new Author Talks interview to learn more, and preorder your copy of the book for concrete protocols on building resilience in times of uncertainty.
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:41 - 2 Nov 2022