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  • Author Talks: The made-up words that make our world

    the Daily read

    Find the right words ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    AN ARTICLE A DAY, PICKED BY OUR EDITORS
    New words are constantly entering our lexicon—to take just one example, in 2021, Merriam-Webster added entries for deplatform, whataboutism, and dozens of other new terms. This is common, and additions often are based on the state of the world, drawing from online culture, politics, food, science, and technology. While language is a reflection of our culture at any given time, words do not always capture a specific feeling or emotion, which is why John Koenig wrote his own, The Dictionary of Obscure Sorrows, to fill the gaps in our language of emotion. "We allow our words to define us, but I think the natural order of things is that we define words," he says. Don't miss this compelling conversation from McKinsey’s Author Talks series on the ever-evolving nature of language; whether you’re nyctous or feeling hem-jawed (some of Koenig’s favorite words), this one’s for you.
    — Joyce Yoo, digital editor, New York
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    Author Talks: The made-up words that make our world
    Walking through an empty office. Moving out of a childhood home. Struggling to write something original. Experiences like these often lack the perfect word, so John Koenig spent more than a decade writing his own dictionary.
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    “The last two years have indeed felt like performance sports for many of us—this is the new reality. We experienced a major shift comparable to the 1920s when Coco Chanel liberated women from corsets.”
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    Six characteristics define the net-zero transition
    Our analysis of the net-zero transition suggests that it would be universal, significant, and front-loaded, with uneven effects on sectors, geographies, and communities, even as it creates growth opportunities.
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    Changes to coking coal and coke markets could lead to higher steel prices, an acceleration of the steel industry’s green transition, and wider price differentials for low-grade iron ore.
    Understand the trend   >
    Beyond financials: Helping small and medium-size enterprises thrive
    Small and medium-size enterprises are facing compounding challenges. Governments and other institutions worldwide are launching programs to provide them the advisory support needed to meet the moment.
    Support companies through the pandemic   >
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    by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 05:17 - 26 Jan 2022
  • What’s next for fitness

    Re:think

    Postpandemic fitness ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
    A drawing of Julia Sperling-Magro




    ON 21st CENTURY WORKOUTS

    The future of fitness


    Eric Falardeau



    The pandemic created a kind of forcing mechanism for fitness—a chance for people and fitness companies to think through everything from what makes for a better workout to how people can live better, happier, healthier lives. With many gyms and studios having been forced to close, reduce schedules, or trim offerings, this rethink of the future of fitness is happening in any setting where people move, whether that’s outdoors, at home, or even at work.

    People have always had this ambition to live healthier lives than they actually do. Most of the time, the pressures of life and a very human lack of discipline get in the way. For some people, the pandemic removed a number of those pressures: there’s research showing that, in general, people have exercised more than usual during the pandemic.

    That’s given a push to those aspiring to help people move—gyms, of course, but also app developers, apparel companies, wellness companies, and anyone else involved in the business of fitness. That’s a big change. I think it’s fair to say that up until about ten years ago, fitness was a strong underperformer across consumer sectors. The attitude was, “You want to move more? Here’s the gym; just get your butt in and figure it out.” The product was poorly aligned with what most people needed, so many lost their motivation just a few days or weeks after deciding to commit to a new routine or activity. The sector’s strength was the importance of health and movement to people, not the quality of the offering.

    That’s been changing for the past decade or so. There’s been much-needed innovation and much more of a design- and consumer-oriented focus. Providers have spent a lot of effort thinking through all the different ways they can help people move. The pandemic pushed this forward even further. We’re clearly headed toward a future of hybrid, diverse routines and a wide range of high-quality, exciting fitness options. People can go to a gym. They have dozens of different ways to work out from home. I’ve even seen fitness finding its way into the office, where teams encourage members to work out two or three times a week as a way of bringing their best selves to work.

    Consumers like all these choices and variety. People don’t return to the same restaurant all the time, even if they love it—they like dining out elsewhere, creating a rich mix. Today’s fitness routines are similar, composed of many different things consumers enjoy doing. Each helps to create a habit that can overpower our usual inertia.

    Why should people have just one fitness outlet? While many individual providers will argue that their solution is going to capture the market, I think fitness providers should be asking themselves this question: What is my role in a consumer’s more diverse routine, and how can I deliver on that better than anyone else? Let’s take gyms as an example. Yes, they offer the equipment and space needed to move, but this is less of an advantage now that so many consumers have weights and yoga mats at home. A more unique offering is that gyms can be an amazing “third place,” neither office nor home. If Starbucks can be a third place, you better believe that gyms can: the third place where people create what they call “my moment of the day.” Gyms have been delivering on this promise for decades. By focusing on making that moment a great experience, gyms can have an integral place in the mix, along with outdoor and home-based workouts, apps, data trackers, and all the other options.

    70%

    of fitness consumers report missing the gym as much as they miss family and friends during the pandemic 

    In the end, I think most companies should try to excel at what they really do well and enjoy their piece of the consumer’s total spending, which will grow if the whole industry offers excellent, innovative options. These companies share a common goal: let’s help humans move more and be healthier. Yes, they compete against each other, but they are also partners in collectively helping people to live healthier and more active lives. 

    ABOUT THE AUTHOR

    Eric Falardeau is a partner in McKinsey’s Montreal office.

    MORE FROM THIS AUTHOR

    Sweating for the fitness consumer

    Fitness customers’ habits have evolved during the COVID-19 pandemic, offering fitness-industry providers the opportunity to reexamine their value propositions and target specific segments.

    More →

    The business of fitness: Building the Tone House brand

    Digital fitness solutions aren’t going away in the postpandemic era—but neither are gyms, says Shaun Robert Jenkins, head coach at Tone House, New York City’s fast-growing fitness studio.

    More →


    IN TWO WEEKS

    Miklos Dietz on ecosystems

    Ecosystems may be the most powerful force in business, and their influence on company success is growing. 

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    by "McKinsey Quarterly" <publishing@mail.mckinsey.com> - 02:01 - 26 Jan 2022
  • Sandeep K shared the folder "Sandeep" with you in Canva

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    by "Canva" <no-reply@canva.com> - 09:44 - 25 Jan 2022
  • Feeling burned out? You’re not alone. Here’s what companies are doing to help.

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    Take care ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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    Bounce back
    The news
    Take a break—really. Over the past two years, employees have repeatedly postponed vacation plans due to COVID-19 and its variants. Frazzled and burned-out workers are not just bad for company morale but also for the bottom line, executives are realizing. Some are now requiring their staff to take vacation. For instance, the CEO of one tech company rolled out a policy called “Operation Chillax,” which ordered workers to take a week off. Other leaders have implored staff to take regular breaks during the year. [NYT]
    Spotlight on sabbaticals. To prevent burned-out employees from leaving, employers are sponsoring sabbaticals, which foster increased creativity and loyalty to the company, they say. In 2019, only 5% of employers offered sabbaticals. Recently, however, several prominent banks (along with smaller firms) have begun offering them too. One manager says sabbaticals allow employees who are considering other job opportunities to be sure that “if they leave, they leave for the right reasons.” [WSJ]
    “Instead of focusing on productivity, focus on purpose, cultivate compassion, and give employees the agency to make decisions.”
    Our insights
    ‘Safe rooms.’ Since the start of the pandemic, nearly half of employees surveyed by McKinsey have reported burnout. But by improving psychological resilience, we can also improve our physical resilience to be able to tackle whatever comes next, says Dr. Amit Sood, a leading expert on well-being. Companies can prevent and treat burnout by, for example, setting up safe rooms—spaces for honest conversations where employees can talk about issues without judgment—and offering services such as mindfulness programs, weight-loss coaching, and telecare for mental health.
    ‘Kind attention.’ During the pandemic, as social relationships have become strained, assuming that everyone is struggling in some way (a practice called kind attention) can strengthen connections, says Dr. Sood. Having that perspective can produce a sense of empathy. In turn, “people who are compassionate and caring tend to learn skills better and become more competent.” Read the full interview to learn more strategies for battling burnout and increasing psychological resilience.
    — Edited by Katherine Tam   
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    by "McKinsey On Point" <publishing@email.mckinsey.com> - 09:10 - 25 Jan 2022
  • The net-zero transition: What it would cost, what it could bring

    the Daily read

    Build a green future ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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    AN ARTICLE A DAY, PICKED BY OUR EDITORS
    What economic and societal adjustments would need to be addressed to achieve a net-zero emissions transition? The nature and magnitude of that transition would mean that all countries and all sectors could be affected, directly or indirectly, and with governments and companies around the globe making net-zero pledges, it’s an opportune time to consider what it would take to fulfill those ambitions. A comprehensive new report—available as a free download—dives deep, estimating the changes in demand, capital allocation, costs, and jobs, to 2050, for sectors that produce about 85 percent of overall emissions, while also assessing economic shifts for 69 countries. From the six key features of the economic transformation to actions stakeholders can take, you don’t want to miss this important research. And sign up for a related webinar if you’d like even more insight: it's slated for Tuesday, February 1, at 11 AM EST.
    — Torea Frey, managing editor, Seattle
    The net-zero transition: What it would cost, what it could bring
     
    The net-zero transition: What it would cost, what it could bring
    Governments and companies worldwide are pledging to achieve net-zero emissions of greenhouse gases. What would it take to fulfill that ambition?
    Build a green future  
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    —Senior partner Scott Keller, coauthor of forthcoming McKinsey book CEO Excellence, in a conversation on what separates the best CEOs from rest from McKinsey’s Author Talks series
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    The McKinsey Crossword: Memoirs of Multimillionaires No. 60
    The McKinsey Crossword: Memoirs of Multimillionaires | No. 60
    Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.
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    by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:04 - 25 Jan 2022
  • Urban transit in the postpandemic age

    McKinsey&Company

    Drive less, ride more ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    The future of urban transit
    The news
    Out of the fast lane. As the largest generation in the US, millennials are starting to influence an aspect of infrastructure that hasn’t changed much in the past 50 years: transportation planning. A recent study found a widening generation gap in driving habits, with millennials driving less than both Gen X and baby boomers. Millennial city dwellers tend to walk, bike, or use public transit. They’ve also had less of a need to go out, thanks to remote work and online shopping. [Quartz]
    Wheels on the bus. In the US, public transit has typically best served commuters working a regular 9-to-5 schedule, but those aren’t the riders who have stuck around. When ridership fell steeply during the pandemic, transit officials realized they should focus on the people who most rely on subways and buses: communities of color, lower-income residents, and people who don’t own cars. Some city transit agencies have made changes to better serve these populations—for example, adding more off-peak service or reducing or eliminating fares. [Wired]
    “Riders may soon be trading expectations of safety for expectations of convenience, efficiency, and reliability.”
    Our insights
    In the open air. Traveling in open air has been booming during the pandemic, observe two executives from ridesharing companies Uber and Via in a joint interview. They point to the expanding bike “superhighways” of Berlin and London as evidence of cycling’s rising popularity. In the future, they say, expect “a permanent redistribution of street space from cars to people, in the form of new sidewalks, bike lanes, and green spaces,” with car-free greenways and shared streets becoming “lasting fixtures of the urban landscape.”
    The 15-minute city. In the next five years, some big cities will “take steps to roundly reject the private car as a major component of urban mobility,” predicts one of the executives. Already, in Barcelona, car-free “superblocks” give pedestrians free rein of nine-block neighborhoods. Paris is pursuing the “15-minute city” model, where everything a resident needs is 15 minutes away on foot or by bike. Read our interview for perspectives on how new trends could change the urban-mobility landscape.
    — Edited by Gwyn Herbein   
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    by "McKinsey On Point" <publishing@email.mckinsey.com> - 09:14 - 24 Jan 2022
  • Happening Soon! Register for Sumo Logic's Live Demo Series

    Sumo Logic

    Sumo Logic Live Demos
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    Sumo Logic’s Cloud SIEM solution provides security analysts with enhanced visibility to seamlessly monitor their organisation’s on-prem, hybrid, and multi-cloud infrastructures. By collecting and automatically correlating all of their data, Sumo Logic’s Cloud SIEM detects threats and enables SOC teams to thoroughly understand the impact and context of an attack.
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    Application Observability, February 1st at 12pm AEST
    Demand for faster innovation and efficiency is driving organisations to accelerate application modernisation creating additional challenges on how to manage their reliability. Sumo Logic’s observability solution gives site reliability engineers operational visibility across the entire stack, with entity-driven correlations and actionable insights from your applications to your infrastructure.
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    by "Sumo Logic" <marketing-info@sumologic.com> - 06:01 - 24 Jan 2022
  • 5 trends shaping global sporting goods in 2022: Download a free report to get ahead of the game

    the Daily read

    Read the report ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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    Daily Read
    AN ARTICLE A DAY, PICKED BY OUR EDITORS
    How are sporting goods like Coco Chanel? According to the founder of a running-shoes company, in the past two years the global industry has seen a major shift, “comparable to the 1920s when [Chanel] liberated women from corsets.” A new report, from the World Federation of the Sporting Goods Industry and McKinsey, reviews the market and dives deeper on five trends that could reshape it in 2022, including social commerce and sustainability. Read the executive summary or download the full report for free to get smart and stay ahead of the game.
    — Torea Frey, managing editor, Seattle
    Woman jumping while doing sport.
     
    Sporting goods 2022: The new normal is here
    The sporting-goods industry continues to evolve amid increased health awareness, shifting channel preferences, and rising sustainability concerns. Sporting-goods players need to adapt to five trends shaping the industry in 2022.
    Read the report  
    Quote Quote
    Quote of the Day
    “The level of stress that individuals are dealing with is going to have massive implications on everyone’s well-being, which then will put more strain back on the healthcare system.”
    Gretchen Berlin, registered nurse and senior partner, in a new episode of The McKinsey Podcast on nursing and the great attrition
    Chart of the Day
    chart of the day
    See today’s chart  
    Also New
    Close up of hand holding a heart shape green leaf on chest
    How to prepare for a sustainable future along the value chain
    Consumer-goods companies are setting ambitious sustainability targets for themselves. To reach those targets, however, changes are required along the entire value chain—with a concrete road map.
    Take a holistic approach   >
    Factory employee taking notes
    Want to drive inclusive economic growth? Start with manufacturing
    The decline of the US manufacturing industry has contributed to rising inequality and hurt the country’s global competitiveness—a revitalization could contribute to sustainable and inclusive growth.
    Restore competitiveness   >
    Young man wearing headset
    From speech to insights: The value of the human voice
    In a digital age, live voice contacts matter even more in providing a high-quality customer experience. New technologies make voice-data analysis easier to achieve, for lasting results.
    Speak with intention   >
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    by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 05:19 - 24 Jan 2022
  • Reusable Domains in SwaggerHub | The SmartBear Designer Series
    Join us for best practices on streamlining API design & development!

    Hey Abul,


    Tomorrow at 10AM EST, we are hosting our next installment of "The Designer Series", where we will be highlighting domain reusability SwaggerHub.

    By implementing reusable, standardized domains, you can ensure your team is producing top-notch APIs that look and feel consistent throughout every development cycle.

    To join us for this session, you can register here: "The Designer Series: Reducing Redundancy with Reusable Domains"


    Hope to see you there,

    Andrew Marotta,
    Sr. Marketing Specialist at SmartBear

    P.S. If you can't attend but are interested in watching, just register and we will send you the recording after.

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    by "Andrew from SmartBear" <swaggerhub-team@smartbearmail.com> - 08:41 - 24 Jan 2022
  • The resilient organization: A leader's guide

    Leading Off

    Stronger than ever ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    Leading Off
    ESSENTIALS FOR LEADERS AND THOSE THEY LEAD
    If there’s been one trusted antidote to the COVID-19 pandemic—at least from a business perspective—it’s the value of organizational resilience. Resilience is often cited in the context of crisis response, but its true meaning goes deeper: the proactive building of skills and capabilities to sustain people and organizations for the long haul. Developing resilience not only helps optimize functions in key business areas but also strengthens the organization holistically through flexible organizational routines, streamlined decision making, and agile teams. McKinsey research shows that adopting a holistic, cross-functional approach to operational resilience can improve a company’s overall resilience by 30 to 40 percent more than traditional functional optimization does. This week, let’s explore how leaders can boost resilience—for their institutions and themselves—through a cohesive effort.
    AN IDEA
    Mountain peak
    Use the luxury of time to prepare for the unexpected
    The Kangshung Face of Mount Everest is one of the most remote and arduous routes to the summit. One expedition reached the top safely by changing team behaviors to suit the context. At the start of their ascent, the team stuck to well-established routines designed for normal conditions on the mountain. But when conditions changed, the climbers developed simple rules of thumb (heuristics) to make timely decisions. And in the last, perilous stage of the climb, they improvised. Writing about this adventure in the Harvard Business Review, the authors—one of whom was part of the expedition—suggest that organizations can do the same: train themselves to alter the combination of routines, heuristics, and improvisation to match the requirements of different possible scenarios. This strategy enables leaders to prepare and practice for the unexpected while they have the luxury of time and resources rather than scrambling in an emergency. To design scenarios, try a thought exercise, such as conducting a “premortem” to identify which risks would seriously affect the organization’s core.
    A BIG NUMBER
    5
    If there are five frogs on a log and one decides to jump off, how many are left? “The answer is five, because deciding to do something and actually doing it are two different things,” says McKinsey’s Aaron De Smet in this podcast on cutting through the clutter in decision making. “Sometimes you think you’ve made the decision, and you walk out of the room, but a month later, nothing’s happened.” Foot-dragging on decisions doesn’t foster the resilience an organization needs to cope with uncertain and volatile environments. For organizations to achieve decision velocity, a critical first step is to set up a clutter-free decision architecture with a predefined process, discipline, and standardization.
    Quote Quote
    A QUOTE
    “It is really wonderful how much resilience there is in human nature.”
    That’s Dr. John Seward, writing in his diary in Bram Stoker’s novel Dracula after a harrowing encounter with the bloodthirsty Count. Modern organizations are unlikely to face such an existential bite, but they can capitalize on the innate resilience of human nature. Consider a planned approach to resilience training—including reskilling, cross-functional training, and building new skill sets—that empowers employees and yourself to do more than just make it through a crisis. As you build your organization’s postpandemic recovery model, focus your investments on four kinds of skills: digital, higher cognitive, social and emotional, and adaptability and resilience building.
    A SPOTLIGHT INTERVIEW
    A photo of Tata Motors CEO and managing director Guenter Butschek
    Automobile sales in India plunged in the early months of 2020 after the pandemic broke out. But Tata Motors CEO and managing director Guenter Butschek kept steering his company in the right direction, thanks to smart business-continuity planning, inclusive leadership, and a network of agile, nonhierarchical teams. In this interview with McKinsey, he describes his organization’s multifaceted approach to resilience. “[We] used the downtime of India’s nationwide lockdown to rethink, redesign, and reengineer how we work, where possible,” Butschek says. “The way we hardwire changes now will define our future.”
    MAKE A STATEMENT
    A photo of rope and carabiner clip
    A recent global study identified ten statements that the researchers consider the most reliable indicators for measuring workplace resilience. Respondents agreed that in resilient organizations, senior leaders were one step ahead of events, always did what they said they were going to do, and could be trusted completely. Want these things to be said with you in mind? Work on developing vivid foresight and visible follow-through—which in turn will boost employee and organizational resilience.
    Lead resiliently.
    — Edited by Rama Ramaswami, a senior editor in McKinsey’s Stamford office
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    by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 01:21 - 24 Jan 2022
  • More than skin deep: Making progress on diversity requires a deep process rethink

    McKinsey&Company

    Diversity is serious business ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
    McKinsey & Company
    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    On Point | TODAY'S NEWS. TOMORROW'S INSIGHTS
    Elusive inclusivity
    The news
    Spare the kumbaya. US companies spend $8 billion a year on diversity, equity, and inclusion efforts. But, too often, diversity goals are addressed with heartfelt conversations that don’t change anything. CEOs can make progress by using basic business tools—evidence, metrics, and persistence—rather than verbal niceties. [Fortune]
    Walk the walk. Most college seniors—58%—expect companies to talk up their diversity efforts during the recruitment process, a 2021 study reveals. Job seekers can assess an employer’s true commitment to diversity by interviewing current employees and looking at who makes up the leadership team. Employers can prove authenticity by communicating their diversity and inclusion goals, progress, and plans to interviewees. [Fast Company]
    “We need to be much more thoughtful about opportunities throughout the talent life cycle, from where we source talent to the skills we demand, promotions, development opportunities—all the way through.”
    Our insights
    Root out bias. Bias can hide in many places. Unpaid internships, algorithms designed to filter out those who don’t resemble the current employee base, and underlying assumptions about what knowledge, skills, or attributes people need to be successful (that aren’t based on evidence) all work against diversity.
    Make it real. Companies can take concrete actions to promote diversity. Adopting remote work and locating hubs in places where diverse workers live can broaden the talent pipeline. Sponsorship programs can help diverse employees make the climb to leadership. And being transparent about progress promotes accountability. Listen to our podcast for more on how to foster an inclusive workplace.
    — Edited by Katy McLaughlin   
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    by "McKinsey On Point" <publishing@email.mckinsey.com> - 11:18 - 23 Jan 2022
  • Recap: Highlights from the Davos Agenda 2022

    McKinsey&Company

    In case you missed it ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    Recap: Highlights from the Davos Agenda 2022
    On Friday, the World Economic Forum wrapped up its annual #DavosAgenda, which this year took the form of a virtual series of sessions focused on tackling the world’s greatest challenges, from restoring trust in global trade to building future preparedness. Learn more about McKinsey’s strategic partnership with the World Economic Forum and dive deeper on the topics that dominated this year’s online sessions, including:
    • technology cooperation in the Fourth Industrial Revolution
    • renewing a global social contract
    • accelerating and scaling up climate innovation
    • meeting the challenge of vaccine equity
    Read more
    Engineer working on a machine
    The Fourth Industrial Revolution will be people powered
    Companies at the forefront of the technology frontier are empowering their workers with digital technologies—and the skills they need to use them.
    From aspiration to reality   >
    Emphasizing the S in ESG
    How PayPal has made societal impact and purpose the guiding lights of its strategy.
    Prioritize social issues   >
    “”
    Innovating to net zero: An executive’s guide to climate technology
    Advanced technologies are critical to stopping climate change—and the drive to develop and scale them is accelerating. Here are five themes that could attract $2 trillion of annual investment by 2025.
    Scale up solutions   >
    Is the world up to the challenge of mass COVID-19 vaccination?
    Is the world up to the challenge of mass COVID-19 vaccination?
    Amid the unforeseen effects of the pandemic on at-risk and lower-income communities, governments and organizations around the world must convene to ensure effective distribution of newly developed vaccines.
    Be prepared   >
    How COVID-19 is reshaping supply chains
    Companies have only partly addressed the weaknesses in global supply chains exposed by the coronavirus pandemic. In the face of new challenges, finishing the job is even more urgent.
    What's next   >
    Three interconnected circle illustrations representing sustainability, inclusivity, and growth
    Our future lives and livelihoods: Sustainable and inclusive and growing
    Growth for all, growth for good. Here, we offer a proposal for business, government, and society leaders.
    Explore and act   >
    When will the COVID-19 pandemic end?
    When will the COVID-19 pandemic end?
    The Omicron variant is spreading rapidly. What does it hold in store? Our analysis offers some scenarios to understand potential outcomes. We also look at the effects of boosters, the potential waning of vaccine efficacy, and new oral therapeutics.
    Transition toward normalcy   >
    The resilience imperative: Succeeding in uncertain times
    The resilience imperative: Succeeding in uncertain times
    Strengthening institutional resilience has never been more important.
    Emerge stronger   >
    The state of AI in 2021
    The state of AI in 2021
    A majority of companies now adopt AI, and leaders are using more sophisticated tools and practices.
    Explore the data   >
    The social contract in the 21st century
    The social contract in the 21st century
    Economic outcomes and the relationship between individuals and institutions have shifted for workers, consumers, and savers in advanced economies.
    Understand the evolution   >
    COMING SOON
    • Countries and companies are stepping up their climate commitments, but what would it actually take to achieve the net-zero emissions ambition by 2050? And how can leaders navigate their organizations through the transition? Stay tuned for a forthcoming report from The McKinsey Global Institute,The net-zero transition: What it would cost, what it could bring, publishing on January 25, and register for a webinar on February 1 to take a deep dive on the findings.
    • What if the world’s highest-performing CEOs held a master class to share the skills and practices that have driven their success over the years? Coming March 15, the authoritative new #CEOExcellenceBook outlines the six mindsets that distinguish the best leaders from the rest, based on rigorous research across more than 20 years’ worth of data on 7,800 CEOs from 3,500 public companies across 70 countries and 24 industries. Preorder your copy now.
    To see more essential reading on topics that matter, visit McKinsey Themes.
    — Curated by Eleni Kostopoulos, a digital publishing manager based in New York
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    by "McKinsey & Company" <publishing@email.mckinsey.com> - 04:15 - 22 Jan 2022
  • The week in charts

    the Daily read

    Job-application woes for transgender people, UK biotech patents, and more ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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    The Week in Charts
    ALL THE WEEK’S DATA THAT'S FIT TO VISUALIZE
    Our Charting the path to the next normal series offers a daily chart that helps explain a changing world—during the pandemic and beyond. In case you missed them, this week’s graphics explored the challenges faced by transgender people in the job-application process, the underrepresentation of women in corporate leadership across Central and Eastern Europe, how many patents are granted to UK biotechs compared with their European peers, the workers most likely to switch jobs for better benefits, and how climate-change concerns are driving electric- and hybrid-vehicle sales across Asia.
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    More women in the workforce: Key to higher GDP in CEE
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    by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 02:29 - 22 Jan 2022
  • Having difficulty keeping your employees?

    McKinsey&Company

    Maybe your workplace environment is the problem ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    McKinsey Classics | January 2022
     
    How companies use agile to transform their data infrastructure and processes
    Having difficulty keeping your employees?
    The job market will probably continue to be a challenge for employers in the new year, which means that your workplace—whether remote or in-person—needs to be as comfortable, collaborative, and welcoming as possible if you are to retain workers.
    So what is your company’s culture like? Do people in your office—or you yourself—explode at meetings? Make sarcastic jokes about employees? Interrupt them when they are presenting? Treat them as if they were invisible? Send them withering e-mails? Scold them publicly?
    If so, you have a workplace jerk problem.
    Fifteen years ago, we published an article about workplace jerks—particularly managers and executives—by Robert Sutton, a management professor at Stanford. One psychologist whose work Sutton describes asked the subjects of a study whether and how their bosses behaved abusively. Six months later, he found that employees with abusive supervisors quit their jobs at higher rates; those who remained were less committed to their companies and more prone to burnout. Many other studies have similar findings.
    One story Sutton tells, about a 36-year-old man humiliated in public by his boss, is painful to read. But you owe it to yourself and your employees to think about our 2007 classic “Building the civilized workplace.”
    — Roger Draper, editor, New York
    Don’t be a jerk
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    Related Reading
     
    Rudeness on the rise
    Rudeness on the rise  >
    Well-being in the workplace
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    Being a good boss isn’t easy—here’s how to get better
    Being a good boss isn’t easy—here’s how to get better  >
    Did You Miss Our Previous McKinsey Classics?
     
    Starting up as CFO
    Starting up as CFO
    What do CFOs do upon taking office? In retrospect, what do they think they should have done? Read our 2008 classic article “Starting up as CFO.”
    Learn to think like a CFO   >
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    by "McKinsey Classics" <publishing@email.mckinsey.com> - 10:43 - 22 Jan 2022
  • Esto debería ser lo más importante en la agenda del CEO en 2022

    McKinsey&Company

    Además, la variante de Ómicron, el estado de la banca global y más ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    Destacados mensuales, enero de 2022
    En los primeros días del año que comienza, el entorno empresarial sigue siendo complejo, incierto y se encuentra en rápida evolución. En los meses y años venideros, las compañías necesitarán resiliencia para navegar las crisis y agilidad para aprovechar las nuevas oportunidades. La responsabilidad recaerá en la persona en la que todos confían como catalizador del cambio: el CEO. Este mes, nuestras historias destacadas analizan cómo está cambiando la agenda de los CEOs a medida que persisten los problemas relacionados con las operaciones, así como la mentalidad que ayuda a los mejores CEOs a lograr un impacto extraordinario. Otros temas destacados en el número de este mes son los siguientes:
    • La variante de Ómicron y lo que nos depara
    • El estado de la banca global y lo que puede marcar la diferencia en los resultados a largo plazo
    • Cómo se espera que se comporte la industria de la moda en 2022
    • Por qué abordar las barreras que impiden que los latinos se integren plenamente en la economía estadounidense presenta una oportunidad para que la economía sea más sólida para todos
    La selección de nuestros editores
     
    El CEO: Arquitecto de la nueva agenda de operaciones
    El CEO: Arquitecto de la nueva agenda de operaciones
    Para prosperar en una economía pospandémica volátil e impredecible, las compañías necesitan operaciones empresariales más inteligentes, rápidas y ágiles. Esto requiere grandes cambios y el compromiso de la cúpula de la organización.
    3 imperativos operativos    >
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    McKinsey senior partners Carolyn Dewar, Scott Keller, and Vik Malhotra
    Author Talks: ¿Qué separa a los mejores CEOs del resto?
    Tres socios sénior de McKinsey analizaron más de 20 años de datos sobre 7,800 CEOs de 3,500 empresas públicas de 70 países y 24 sectores para identificar la mentalidad que ayudó a los altos ejecutivos a lograr un impacto extraordinario.
    Busque la excelencia    >
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    LOS DESTACADOS DE ESTE MES
    ¿Cuándo terminará la pandemia de la COVID-19?
    ¿Cuándo terminará la pandemia de la COVID-19?
    La variante Ómicron se está expandiendo rápidamente. ¿Qué nos depara? Nuestro análisis ofrece algunos escenarios para comprender los posibles resultados. También examinamos los efectos de las vacunas de refuerzo, la posible disminución de la eficacia de las vacunas y las nuevas terapias orales. Vea la actualización
    Informe anual de la banca global en 2021: La gran divergencia
    Informe anual de la banca global en 2021: La gran divergencia
    La brecha de valoración entre las instituciones bancarias líderes y las que van a la zaga se está ampliando una vez más. Las decisiones que se tomen en los próximos 18 a 24 meses determinarán qué firmas saldrán del lado correcto de esta divergencia. Lea el informe
    El estado de la moda 2022: Una recuperación desigual y nuevas fronteras
    El estado de la moda 2022: Una recuperación desigual y nuevas fronteras
    En 2022, la industria de la moda puede volver a crecer, ya que los cambios en el panorama de las categorías, las nuevas fronteras digitales y los avances en sostenibilidad continúan presentando oportunidades. Súbase a la tendencia
     
    La situación económica de los latinos en Estados Unidos: El sueño americano aplazado
    La situación económica de los latinos en Estados Unidos: El sueño americano aplazado
    Hacer frente a las barreras que impiden la plena participación económica de los latinos podría tener un impacto multibillonario al dar rienda suelta a su espíritu emprendedor, crear millones de puestos de trabajo, impulsar el gasto de los consumidores y generar riqueza intergeneracional. Descargue el informe completo
    Perder desde el primer día: Por qué incluso las transformaciones exitosas se quedan cortas
    Perder desde el primer día: Por qué incluso las transformaciones exitosas se quedan cortas
    Nuestra última investigación sobre transformaciones confirma que el éxito sigue siendo difícil de alcanzar y depende de un enfoque holístico. Sin embargo, algunas acciones son especialmente predictivas de la realización de los beneficios financieros en juego. Supere las dificultades
    Informe global 2021: El estado de la creación de nuevas empresas
    Informe global 2021: El estado de la creación de nuevas empresas
    Los líderes empresariales prevén que, para 2026, la mitad de sus ingresos procederá de productos, servicios o negocios que aún no se han creado. Esta es la manera en que el desarrollo de nuevas empresas puede ayudar a reducir esa brecha mediante un crecimiento sostenible e incluyente. Vea los resultados
    Esperamos que disfrute de los artículos en español que seleccionamos este mes y lo invitamos a explorar también los siguientes artículos en inglés.
     
     
    ALSO NEW
    2021 turning point: Reinvention and opportunity in the economy of the future
    Married to the job no more: Craving flexibility, parents are quitting to get it
    Pop quiz: Can you turn attrition into attraction?
    Quantum computing use cases are getting real—what you need to know
    America 2022 in charts: An economic opportunity snapshot
    The economic state of Latinos in America: The American dream deferred
    Black consumers: Where to invest for equity (a preview)
    Author Talks: Why burnout is an epidemic—and what to do about it
    Navigating the labor mismatch in US logistics and supply chains
     
    YEAR IN REVIEW: OUR TOP INSIGHTS IN 2021
    2021 McKinsey Publishing’s year in review: Envisioning sustainable, inclusive grow
    2021 year in review: Envisioning sustainable, inclusive growth
    Explore McKinsey’s most popular, innovative insights from a year of tremendous change—2021’s top articles and reports, charts, images, podcasts, webinars, newsletters, and more. See more
    2021: The year in charts
    Here’s a look back at some of our favorite data visualizations from our Charting the Path to the Next Normal series. Dive deeper on data
    2021: The year in images
    The year’s defining moments offer insight into the elements that drive, unite, and inspire us as we face the future. Look closer
     
    SPECIAL FEATURES
    What’s to come in media
    What’s to come in media
    Journalists, media executives, columnists, commentators, and media critics offer perspectives on what will make the news in 2022. See their responses
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    McKinsey for Kids
    Explore K-pop, culture, shipping containers, and Asia’s key role in the global economy. Let’s go
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    My Rookie Moment
    My Rookie Moment
    McKinsey senior colleagues share their formative early-career experiences to help you navigate yours. Watch
    McKinsey Classics
    McKinsey Classics
    What do CFOs do upon taking office? In retrospect, what do they think they should have done? Read “Starting up as CFO.” Rewind
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    — Curated by Eleni Kostopoulos, a manager of digital publishing in McKinsey’s New York office
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    by "Destacados de McKinsey" <publishing@email.mckinsey.com> - 07:43 - 22 Jan 2022
  • Build the cloud talent you need—these 6 actions can help

    the Daily read

    Capture more value ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    AN ARTICLE A DAY, PICKED BY OUR EDITORS
    Investment in cloud transformations tripled between 2017 and 2021—but companies haven’t matched that frenetic pace on the talent front. And cloud is a crucial battleground for tech talent, especially given there’s more than $1 trillion of new value at stake. A new article lays out six practical actions to build your talent bench. Check it out.
    — Torea Frey, managing editor, Seattle
    Six practical actions for building the cloud talent you need
     
    Six practical actions for building the cloud talent you need
    Despite a shortage of cloud talent, top companies are finding ways to get past table stakes and build the capabilities needed.
    Capture more value
    Quote Quote
    Quote of the Day
    “Great CEOs are bold. You can be bold regardless of context. Or you can be bold within that context. If you’re not bold in that first year, you’re not going to move the needle. That is the crux that’ll actually let you conquer any context and any situation around failing. That is your one safeguard against failure.”
    —Senior partner Vik Malhotra, coauthor of forthcoming McKinsey book CEO Excellence, in a conversation on what separates the best CEOs from rest from McKinsey’s Author Talks series
    Chart of the Day
    chart of the day
    See today’s chart  
    Also New
    The powerful role financial incentives can play in a transformation
    Generous and specific financial incentives can help drive and sustain a rapid performance improvement. Seven principles can assist in delivering the maximum benefit during a transformation.
    Increase the odds   >
    Risk and resilience in consumer-goods supply chains
    Consumer-goods makers’ supply chains are weathering enormous strain. Here’s a quick look at how to strengthen them for the future.
    Adapt to change   >
    The McKinsey Crossword: World Economic Forum | No. 59
    The McKinsey Crossword: World Economic Forum | No. 59
    Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.
    Play now   >
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    by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 05:16 - 21 Jan 2022
  • As we round year three, burnout is high. Here's how organizations can help.

    Leading Off

    Plus, Microsoft goes big on gaming ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ .
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    The Shortlist
    Our best ideas, quick and curated | january 21, 2022
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    This week, the perils of work burnout and how best to address it. Plus, mobility sees a rebound, and Tech for Execs on how leaders can get up to speed on “continuous integration and continuous delivery,” or CI/CD.
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    Running on fumes. We’re entering year three of the global pandemic, as readers most assuredly are aware. We’ve brought you articles about ways people and organizations can be more resilient and adaptable. We’ve written about the crucial need for wellness and mental health. But even though we’d all love to move on from pandemic affairs, it’s important to address one factor taking its toll on workers and organizations around the globe: burnout. Whether you’re still working from home or went back to in-person work right away, burnout may have been a constant companion for you or others in your organization.
    It’s chronic. The WHO defines occupational burnout as a syndrome, resulting from chronic workplace stress, that’s characterized by exhaustion or lack of energy, negative or cynical feelings associated with work, and reduced effectiveness in a role. As the world continues to grapple with the COVID-19 crisis, the emotional and psychological response to extended periods of pandemic-related uncertainty could significantly affect social and economic recovery efforts.
    Learned healthfulness. The good news is that psychological resilience can be learned, and research shows that people who report higher levels of resilience are physically healthier, more productive, and happier. McKinsey recently spoke with Amit Sood, MD, a leading expert on psychological resilience, about how people can tap into that mindset, strategies for maintaining well-being, and what companies can do to support their workers. He believes that employers have to view mental and behavioral health holistically, emphasizing prevention, treatment, and rehabilitation. Instead of focusing on productivity, he says, focus on purpose, cultivate compassion, and give employees the agency to make decisions. “It’s important to keep in mind what makes employees tick,” he said. “What really keeps them going is a sense of control and a sense of purpose. And if you give them both, it can help combat the cognitive overload that we may all be feeling.”
    Wish fulfillment. On the individual level, he suggests having realistic expectations of others too. “We have a practice called ‘kind attention,’ where you assume that everybody is struggling in some form or another,” he says. Replacing judgment with empathy, even before you get to know someone—“a silent good wish,” as he calls it—can kick off new relationships with a stronger connection.
    Good gossip. Jennifer Moss, the author of The Burnout Epidemic: The Rise of Chronic Stress and How We Can Fix It and member of the Global Happiness Council, told McKinsey recently that organizations need to look beyond traditional wellness perks to solve burnout. One way is to create “positive gossip,” which fosters a type of social contagion that creates positive narratives; think about complimenting a colleague on a recent presentation, for example. That positive feedback creates “this contagion effect—this network effect—of high productivity, high sense of self-efficacy, and value. Every boat is lifted when we behave that way.”
    Care for caregivers. Traditional wellness perks may also fall short for a large high-burnout group: working parents. As a recent survey of employed parents in the US indicates, the compound pressure of working while parenting has not only left many people feeling apathetic and fatigued but also created a sense of failure to live up to their own expectations as employee, parent, spouse, friend, or caregiver. Parents disproportionately left jobs over the past several months, according to our research on the Great Attrition.
    Call and response. Women in particular are facing higher long-term burnout and stress levels, as demonstrated by this honest conversation with three McKinsey senior partners—two mothers and one father, who took time off to be with his young daughter. One note of optimism, they said, was that we now have a fact base of real and measured experiences that companies can’t hide from and that the most responsive don’t want to hide from. Organizations that wish to retain these workers need to move quickly; in this recent article, we look at focused responses, which include crafting jobs that offer radical flexibility, providing more creative childcare support, and leaving the door open for parents who have left jobs but may want to return.
    OFF THE CHARTS
    The thin grid line
    Extreme weather events are taking a toll on electric grids. Modeling climate change resilience can provide valuable insights when and where they’re needed most. In the case of extreme wind, the direct effects include the impact of high winds on power lines, while the indirect effects include the disruption of nongrid assets such as power plants. Vulnerability curves express the probability of asset failure as a function of the intensity of the weather event. As the latter increases, so too does the probability of failure.
    Chart showing the cumlative probablity of faiure based on wind speed on electric grids
    Check out our chart of the day here.
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    INTERVIEW
    ‘To play is fundamentally human’
    It’s been a long road for Microsoft’s gaming business since the launch of the first Xbox console in 2001. Rather than selling its gaming business, as some Wall Street analysts had urged, Microsoft doubled down and shifted from a console-centric approach toward a “ubiquitous global gaming ecosystem.” Its recently announced plan to purchase Activision Blizzard, the game maker behind Call of Duty and Candy Crush, is part of this strategy to compete in the traditional online gaming world as well as in virtual and augmented reality. McKinsey recently chatted with Sarah Bond, corporate vice president for game creator experience and ecosystem at Xbox, about how what happens in gaming translates to other industries.
    MORE ON MCKINSEY.‌COM
    Mobility rebounds, but where is it headed? | Mobility has reached precrisis levels again in many regions of the world. But the mobility preferences of consumers, including which modes of transport they choose, will look different in 2022 and beyond, mostly because of workplace shifts.
    Space: The final R&D funding frontier | We examined data for R&D spending to identify important financing trends, including how commercial-sector contributions to space-sector R&D have scaled and how they compare with government contributions.
    India’s logistics sector needs to focus on technological change | The failure of most logistics functions to use best practices, and the lack of coordination and collaboration between the warehousing and transport functions, are two top pain points. Digital tools can change that.
    glass blocks
    TECH FOR EXECS
    Are your application releases and updates continuous?
    Our experts serve up a periodic look at the technology concepts leaders need to understand to help their organizations grow and thrive in the digital age.
    What it is. Continuous integration and continuous delivery mean the practice of developing software applications in a fast, agile, and highly automated fashion. Today’s increasingly complex software applications require various developers to write different parts of an application. Continuous integration automates bringing those parts together and regularly merging and testing them to ensure that everything still works as expected. In continuous delivery, the application is built automatically and then put into a staging environment (an area set up just like the one the app will inhabit when live, though it actually isn’t live at this stage). Then, with just the click of a button, someone can send an application or update into the world. CD sometimes also stands for “continuous deployment,” which means that the application or update pushes out automatically rather than requiring someone to “hit the switch.”
    Why it’s essential. Back in the day (less than 20 years ago in these times of accelerated digital change), software applications were created using a waterfall approach—every step in the process took place only after the previous step was completed. As a result, it could take many months or years to develop and deploy (or release) an application. That snail’s pace doesn’t fly in today’s world, where applications power so many consumer and business activities, and developers must continually refresh the software to expand or upgrade its capabilities. Of course, you can’t sacrifice quality for speed—the automated testing in CI/CD ensures quality, and at a much faster pace than manual checks require (you can include some manual checks in the process if you like). CI/CD is a critical part of DevSecOps, the whole set of tools, practices, and philosophies involved in creating great applications quickly and securely, as well as MLOps, which takes the tenets of DevOps and applies them to the creation of AI applications powered by machine learning; these apps are now used by a majority of businesses.
    What the benefits are. It doesn’t take much explanation to see why you’d want your applications to be developed quickly, work correctly, and reach customers or internal users promptly. However, besides making users happy and staying ahead of the competition, these techniques also make your developers more productive and will help you attract the cream of the crop because they want to be more productive and spend less time doing tedious work.
    The fine print. Putting CI/CD in place isn’t just a matter of hooking up to the cloud and saying “Go!” to your developers. It requires cultural change and knowledge of agile practices to ensure that you’re not only hiring new talent with CI/CD experience but also upskilling your current developers.
    — Edited by Barbara Tierney
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