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How to deal with—and work with—your work enemies
Harmony Internal - McKinsey
Focus on your goals
by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:40 - 5 Oct 2022 -
Building the Enterprise Metaverse - An exclusive invitation
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by "Schneider Electric" <reply@se.com> - 04:14 - 5 Oct 2022 -
Where in the world is deal making dominant?
On Point
See our analysis of global M&A Edited by Belinda Yu
Editor, Atlanta• Global M&A slows. After reaching an all-time high in 2021, the global M&A market is slowing. The value of large deals in early 2022, about $25 million, is 24% down from the prior year. At the same time, deal volume has fallen 12%. But it’s natural for decision making to slow in an uncertain environment, notes McKinsey senior partner Andy West. Although overall M&A activity has declined, private-equity firms are actually outpacing their record-high 2021 performance, delivering 26% of deal value in the first half of the year, up from 25% for all of 2021.
• Where deal making dominates. The slightly slower pace of deal making means that business leaders can “take [the] time to really understand the drivers of the assets that [they’re] considering,” says McKinsey senior partner Oliver Engert. That includes cultivating the management team and the newly acquired employees to go beyond a mere transaction, Engert adds. See which regions lead the world in the most M&A activity, along with the sector that dominates deal making, accounting for 30% of total deal value worldwide.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:15 - 5 Oct 2022 -
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by "WooCommerce" <noreply@woocommerce.com> - 10:30 - 4 Oct 2022 -
How to provide offerings that benefit, not burden, US employees
Harmony Internal - McKinsey
Crack the code Edited by Emily Adeyanju
Digital Editor, CharlotteHow important are workplace benefits to employees? Very. In fact, countless Americans rank work benefits as important as salary. Despite the value that they add to their work experience, many employees do not understand the full scope of their benefits. Too often, employers may miss the mark in clearly defining offerings. Benefits provided through multiple sources leave employees to navigate a maze of HR teams, employer-sponsored providers, and outside vendors. So how can employers avoid a web of complexity that leaves unclaimed benefits on the table? To learn more about accessing benefits and making informed choices for US employees and their families, check out this new article from McKinsey partners Mathew Lee, Matthew Scally, and their coauthors.
Quote of the day
—McKinsey partner Bernardo Sichel on the economic experiences of Latinos in the US in a recent episode of the Future of America podcast
Chart of the day
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:41 - 4 Oct 2022 -
Record numbers of workers are still quitting. What do employees say they really need?
On Point
Five common employee personalities Edited by Grace Ivey
Digital Proofreader, Atlanta• Still leaving. Despite the changing economy, workers are still quitting their jobs at record rates, say McKinsey’s Bonnie Dowling, who along with senior partners Aaron De Smet, Bill Schaninger, and partner Bryan Hancock, surveyed more than 13,000 individuals in six countries to learn more about labor trends. In August 2021 and April 2022, 40% of workers said they were at least somewhat likely to leave their jobs in the next three to six months. This is a fundamental shift that’s happening across all levels, from frontline employees to executives, adds Dowling.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:07 - 4 Oct 2022 -
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by "Jignesh Pardeshi" <official@uffizio.in> - 10:30 - 3 Oct 2022 -
Economic conditions outlook, September 2022
Harmony Internal - McKinsey
Be prepared Edited by Joyce Yoo
Digital Editor, New YorkWhat are some of the top economic issues on the minds of respondents in the latest McKinsey Global Survey? While the general sentiment on economic conditions continues to be downbeat, with inflation and geopolitical instability among the top concerns, different regions have shown varying outlooks. Respondents in Europe remain particularly grim about both current and future domestic conditions, while those in North America share more positive assessments than in the previous survey. Dive into the analysis led by Sven Smit and get informed.
Quote of the day
Chart of the day
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The Titanium Economy: How Industrial Technology Can Create a Better, Faster, Stronger America
Asutosh Padhi, Gaurav Batra, and Nick Santhanam reveal manufacturing, an under-appreciated and under-valued sector of the economy, for what it really is: a reliable source of high-paying, domestic jobs and soaring stock prices—a bright spot in an economy that has too often been buffeted by external shocks. #TitaniumEconomyBook
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:33 - 3 Oct 2022 -
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by "Sangoma Technologies" <webannounce@sangoma.com> - 03:31 - 3 Oct 2022 -
Beyond the basics: A leader’s guide to understanding technology
Harmony Internal - McKinsey
Tech trendspotting Edited by Rama Ramaswami
Senior Editor, New YorkThe pandemic sped up the adoption of digital technologies and highlighted their importance to business transformation. As new technologies emerge, leaders may want to consider anticipating their possible uses in their own organizations. In McKinsey’s Technology Trends Outlook 2022, Michael Chui, Roger Roberts, and Lareina Yee, along with other experts, identify and interpret 14 of today’s most significant technology trends based on five measures of activity: search-engine queries, news publications, patents, research publications, and investment. The results fall into two thematic groups—the Silicon Age, comprising digital and IT technologies, and Engineering Tomorrow, which includes physical technologies in domains such as energy and mobility. For example, Web3, a model for a decentralized internet, is a Silicon Age technology whose interest and investment scores rank in the top five of all the trends we studied. Leaders may find it helpful to view these trends in a global context: while some countries, such as the United States, have focused heavily on technological innovation, corporate Europe is facing tech gaps in several sectors.
That’s the number of technology trends to which senior leaders must pay special attention, suggests McKinsey senior partner Steve Van Kuiken. Taken together, these developments have the potential to reshape the way leaders run their companies. “I’d put them under the heading ‘innovation at the edge,’” says Van Kuiken. A key trend is that innovation—formerly confined to IT or centralized innovation groups—is now emerging everywhere, particularly among frontline workers. “If innovation is arising on the periphery, your people there have to have the confidence to embrace innovation, experiment with it, and imagine how it can be used to deliver better products and services,” Van Kuiken says.
That’s McKinsey senior partner Sven Blumberg and other McKinsey experts on what candidates for technology jobs want and how organizations can provide it. Skill areas most in demand—such as DevOps (software development and IT operations), automation, customer experience, and the cloud—are experiencing acute shortfalls that will only worsen over time. Want a tech rock star to work for you? Be prepared to provide, at the very least, a culture that values technology, opportunities to solve interesting and inspiring problems, and a purpose that the candidate will find meaningful.
When thinking about technology, high-profile consumer-oriented companies often come to mind first. But lesser-known industrial technology propels some of the best performers in the US economy, as McKinsey senior partner Asutosh Padhi and coauthors Gaurav Batra and Nick Santhanam reveal in their forthcoming book, The Titanium Economy: How Industrial Technology Can Create a Better, Faster, Stronger America (Public Affairs, October 2022). These companies make products such as recycled plastic lumber and aerospace parts that support the United States’ largest industries. “I believe titanium economy companies are not well understood and not well appreciated,” says Padhi in this Author Talks interview. “I was hoping to shine a spotlight on what I think is truly an amazing set of companies that drive a lot of innovation and therefore job creation.”
Lead with technology.
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:36 - 3 Oct 2022 -
All over the world, inequality persists. How do leaders create an inclusive economy?
On Point
Three areas of focus Edited by Katherine Tam
Digital Editor, New York• Persistent inequality. Global inequality is a problem that persists. For example, in the US, there are large gaps in workforce participation, wages, and higher-education attainment across different demographic groups, find McKinsey senior partner Asutosh Padhi, senior partner emeritus James Manyika, and colleagues. The participation rate of women in the US, at 56%, is the lowest that it’s been in three decades. In addition, US economic growth is, geographically speaking, lopsided, with 6% of US counties accounting for two-thirds of GDP output.
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 10:05 - 2 Oct 2022 -
Here’s why Europe needs to pay attention to its technology crisis
Harmony Internal - McKinsey
Accelerate the response to disruption New from McKinsey & Company
Curated by Eleni Kostopoulos
Digital Publishing Manager, New YorkEurope is at an economic inflection point. To build long-term resilience, the region needs to become smarter and more innovative—quickly and at scale. How? By paying attention to its slow-motion corporate and technology crisis, write senior partners Sven Smit, Magnus Tyreman, and co-authors in a new report from McKinsey Global Institute. Dive deeper with these insights from Lifting Europe’s Ambition, a publishing series that explores opportunities across sectors that can help raise competitiveness and growth—and enable Europe to maintain its leading global position on sustainability and inclusion.
MORE FROM MCKINSEY
To see more essential reading on topics that matter, visit McKinsey Themes.
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 02:05 - 2 Oct 2022 -
The week in charts
The Week in Charts
Health insurance, consumer spending, and more Share these insights
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:21 - 1 Oct 2022 -
The US economy is uncertain, but this one sector reveals a bright spot
Readers & Leaders
The side of manufacturing you don't know about THIS MONTH'S PAGE-TURNERS ON BUSINESS AND BEYOND
Change can be scary, but not when it’s the kind that reinvigorates the American economy. The authors of McKinsey’s forthcoming book, The Titanium Economy, say the industrial sector is on the brink of its best years yet, but it won’t look anything like the old image of American manufacturing. In this edition of Readers & Leaders, learn more from senior partner and coauthor Asutosh Padhi about the new age of industrial technology, catch up on our conversations with AOL founder Steve Case and former Medtronic CEO Bill George, and see this month’s best-selling business books, prepared exclusively for McKinsey by NPD BookScan. Itching for more good reads? Visit McKinsey on Books for the latest, and to get Readers & Leaders in your inbox monthly, click here to subscribe.
AUTHOR TALKS
The titanium age of US manufacturing is dawning, says North America managing partner Asutosh Padhi. Along with coauthors Gaurav Batra and Nick Santhanam, Padhi examined more than 80 industrial technology companies and identified the 35 leading the American economy into a new era of sustainable, inclusive growth. In a recent edition of Author Talks, the authors reveal how this underrecognized sector—which is responsible for B2B products like recycled lumber and color enamels—is driving long-term gains in innovation and employment.
“Because [titanium economy companies] tend to be smaller from the standpoint of revenues, they don’t make headlines in the news media. Titanium economy companies have been going about doing what they’re actually good at, which is delivering great returns for their shareholders, taking care of customers, taking care of employees, doing the job around communities, and cleaning the environment—but they have never really found an opportunity to pull it all together and tell the story.” Preorder The Titanium Economy: How Industrial Technology Can Create a Better, Faster, Stronger America and watch the full interview here.IT BEARS REPEATING
“Crises are teaching leaders today that you can’t just rely on what you learned in business school, that everything is going to be long-range planning and process controls. Those things are important, but you have to be able to adapt very rapidly to changing conditions as a leader today. I tell young leaders, ‘Go put yourself in a situation where you learn how to lead in crisis. Don’t just lead in stable times, because you’ll never know what to do when the big crisis comes along.’”
—Bill George, Harvard Business School senior fellow, former Medtronic CEO, and author of True North: Leading Authentically in Today’s Workplace, Emerging Leader Edition, in a recent edition of Author Talks.IN CASE YOU MISSED IT
Lynn Perry Wooten shares a road map for emerging stronger from the next crisis: “Many times we gravitate to the notion of excellence or exceptional performance, but, in a crisis situation, we also have to understand how we can learn from failure. It’s that after-action review: What can we do better?” Watch the full interview.
Linda Flanagan explains why parents should skip some of their kids’ sports games: “Kids’ sports are meant to be for kids. If they can’t play when you’re not there, there’s something unhealthy going on, and I think most parents can probably recognize that.” Watch the full interview.
Steve Case identifies the noncoastal American cities reshaping the innovation economy: “Every year CNBC comes out with what they call ‘the Disruptor 50’ list. … For the first time, about two-thirds—33 out of 50 of the companies on the Disruptor 50 list—were from outside Silicon Valley.” Watch the full interview.
Dipo Faloyin celebrates Africa’s diversity of culture and corrects stereotypes about the region: “This is a region of 1.4 billion people and over 2,000 languages. African countries can represent everything and anything, from stories of great triumph and success to stories of great pain, just like anywhere else in the world.” Watch the full interview.
Jessica Nordell explains how to help eliminate implicit bias from the workplace: “What people might be surprised to know is that the subtle, ambiguous, everyday bias that’s pervasive in organizations and workplaces—not to mention in education, healthcare, and public safety—is actually more detrimental to our performance than explicit bias.” Watch the full interview.BUSINESS BESTSELLERS TOP
8
BOO! An empty bookshelf is terrifying. Dust off the cobwebs and stock up on the top business bestsellers in eight categories, prepared exclusively for McKinsey by NPD BookScan. Explore the full lists on McKinsey on Books.
BUSINESS OVERALL
Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear (Avery Publishing Group)
BUSINESS HARDCOVER
Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear (Avery Publishing Group)
DECISION MAKING
Blink: The Power of Thinking Without Thinking by Malcolm Gladwell (Hachette Book Group)
ECONOMICS
The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale by John A. List (Random House)
ORGANIZATIONAL BEHAVIOR
Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones by James Clear (Avery Publishing Group)
WORKPLACE CULTURE
Impact Players: How to Take the Lead, Play Bigger, and Multiply Your Impact by Liz Wiseman (HarperCollins Publisher)
DIVERSITY & INCLUSION
Caste (Oprah’s Book Club): The Origins of Our Discontents by Isabel Wilkerson (Random House)
SUSTAINABILITY
Gambling on Development: Why Some Countries Win and Others Lose by Stefan Dercon (Oxford University Press)
BOOKMARK THIS
If you’d like to propose a book or author for #McKAuthorTalks, please email us at Author_Talks@Mckinsey.com. Due to the high volume of requests, we will respond only to those being considered.
—Edited by Molly Liebergall, a digital editor in McKinsey’s New York office
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by "McKinsey Readers & Leaders" <publishing@email.mckinsey.com> - 11:09 - 1 Oct 2022 -
Being hopeful, the economic state of Latinos, green shipping corridors, and more big reads for the weekend
Harmony Internal - McKinsey
Dive into the weekend with these reads CURATED PICKS FOR YOUR DOWNTIME, FROM OUR EDITORS
Joyce Yoo
Digital Editor, New YorkWe’ve made it to the weekend. As we say hello to a new month, catch up on this week’s big reads on brand building, being hopeful, green corridors, and more.
Quote of the day
—Dipo Faloyin, author and a senior editor at VICE on African identity, in a recent Author Talks interview
Chart of the day
ready to unwind?
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 05:15 - 30 Sep 2022 -
Forward Thinking on talent, state capacity, and being hopeful with Tyler Cowen
Harmony Internal - McKinsey
Discover and innovate New from McKinsey Global Institute
Forward Thinking on talent, state capacity, and being hopeful with Tyler Cowen
Discover and innovate Explore this and future episodes of the McKinsey Global Institute’s Forward Thinking podcast on our site, and subscribe to ensure you never miss a new one. Subscribe via Apple podcasts, Google Podcasts, Stitcher, or Spotify.
Author Talks: How industrial technology is creating a more inclusive economy
Pandemic paradoxes, labor market myths, and ‘cowboy capitalism’ with David Autor
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 02:22 - 30 Sep 2022 -
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[September Global Update] Exciting stories and essential reading from Remote!
[September Global Update] Exciting stories and essential reading from Remote!
Remote wins again, an exclusive new report, webinars and much more.Hi MD,
Welcome to your Remote global update for September 2022. There is so much exciting news this month that we can’t wait to jump right into it.
What we have for you this month:
- G2 rates Remote as the #1 Multi-Country Payroll provider in their Fall Report 2022.
- Welcoming new partners to the Remote Marketplace.
- Exclusive new report: Remote’s Global Benefits Report 2022.
- On-demand webinars.
- New articles from the blog.
Remote wins back-to-back!
We’re thrilled and humbled to once again receive the recognition from G2 as the #1 Multi-Country Payroll provider in their Fall Report 2022 🥇
PARTNERSHIP NEWS
New partners championing sustainability
We're excited to empower our customers to take action against climate change. That's why we've added two more environmentally-friendly partners to our marketplace: EcoCart and Plan A.
Marketplace partners, you can trust
Have you checked out the latest deals for Remote customers from Ledgy, Ramp, Refapp, and SwagUp? They are just a few of the partners in our marketplace focused on helping you grow your global business.
Welcoming our newest talent and recruitment partners
We're excited to welcome Beisen and Supercoder to our growing roster of talent and recruitment partners. Reach out to us if you want to learn more about joining our partnership programs or to collaborate with one of our amazing partners!
new resources
Exclusive new report: Remote’s Global Benefits Report 2022
We are proud to share Remote’s Global Benefits Report, a first-of-its-kind study on what benefits matter to employees around the world in this new age of work. Remote’s new report on global benefits offers industry-leading insights on what employees want and need in key markets.
on-demand webinar
Watch the on-demand webinar: An exclusive look at new research on global benefits.
We recently sat down with three benefits experts from Remote as we jump into this new report and its findings. If you missed the live event, have no fear you can watch the full recording on-demand now.
from the blog
For Chaleit, 'Remote is a peer, not a vendor.'
If your organization works in the digital space or has remote workers, there’s a cybersecurity company you’re going to hear about if you haven’t already: Chaleit.
The future of digital jobs: Which skills will be the most important to businesses?
If you’re considering a new role, just starting out in your career, or looking to improve on your skill set within digital industries, you need an understanding of which skills are the most important.
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by "Remote" <hello@remote-comms.com> - 12:31 - 30 Sep 2022 -
Sangoma Roadshow Dubai - 2022
Sangoma Roadshow Dubai - 2022
Save the Date! October 11, 2022 SANGOMA M-POWER ROADSHOW & AWARDS NIGHT
As a valued partner, you’re invited to join us for our exclusive Sangoma Roadshow and Awards Night! Hear from sales, marketing, and product leaders on how Sangoma is enabling you to sell more effectively through hands-on learning sessions, professional networking, training, and some well-deserved fun!
There is no cost to attend, but pre-registration is required.
Early Bird Registration Now OpenEarly Bird Registration Now Open [[https://www.eventbrite.com/e/sangoma-roadshow-awards-night-in-dubai-2022-tickets-429594367317]][ Image ]Free video conferencing & collaboration with Sangoma Meet™ meet.sangoma.com
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