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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 02:11 - 21 Sep 2024 -
Three keys to long-term organizational health
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Welcome to the latest edition of McKinsey Classics. We hope you find our perspectives useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
—Alex and Axel
Perfecting people management for long-term organizational health
Companies (the good ones, at least) invest heavily in their employees. But many struggle to effectively measure how their workers are contributing to the organization’s long-term success. That’s because measuring the capabilities that help companies thrive over the long term—leadership, innovation, employee motivation—is hard to do. So how do companies effectively measure contributions to corporate health?
Three core principles can help organizations perfect their people-management systems for the long haul. First, root out unhealthy habits. That starts with taking a hard-line look at managers’ contributions to long-term health and avoiding metrics that encourage short-term gains. Second, prioritize values, which includes senior management role modeling the company’s new commitments. Third, keep it simple. Pick a handful of meaningful metrics that are owned and updated by employees.
Traditional performance metrics often prioritize short-term gains at the expense of long-term health. To help ensure that your performance management can thrive over the long term, read our 2012 McKinsey Quarterly classic “Encouraging your people to take the long view.”Prioritize long-term corporate health 
Healthy organizations keep winning, but the rules are changing fast
Organizational health is (still) the key to long-term performance
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by "McKinsey Classics" <publishing@email.mckinsey.com> - 11:50 - 21 Sep 2024 -
EP130: Design a System Like YouTube
EP130: Design a System Like YouTube
Forwarded this email? Subscribe here for more✂️Cut your QA cycles down to minutes with QA Wolf (Sponsored)
If slow QA processes bottleneck you or your software engineering team and you’re releasing slower because of it — you need to check out QA Wolf.
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This week’s system design refresher:
Introduction to Generative AI (Youtube video)
Iterative, Agile, Waterfall... What are the differences between these Software Development Life Cycle models?
How to Design a System Like YouTube?
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Introduction to Generative AI
Iterative, Agile, Waterfall... What are the differences between these Software Development Life Cycle models?
The Software Development Life Cycle (SDLC) is a framework that outlines the process of developing software in a systematic way. Here are some of the most common ones:
Waterfall Model:
- A linear and sequential approach.
- Divides the project into distinct phases: Requirements, Design, Implementation, Verification, and Maintenance.Agile Model:
- Development is done in small, manageable increments called sprints.
- Common Agile methodologies include Scrum, Kanban, and Extreme Programming (XP).V-Model (Validation and Verification Model):
- An extension of the Waterfall model.
- Each development phase is associated with a testing phase, forming a V shape.Iterative Model:
- Focuses on building a system incrementally.
- Each iteration builds upon the previous one until the final product is achieved.Spiral Model:
- Combines iterative development with systematic aspects of the Waterfall model.
- Each cycle involves planning, risk analysis, engineering, and evaluation.Big Bang Model:
- All coding is done with minimal planning, and the entire software is integrated and tested at once.RAD Model (Rapid Application Development):
- Emphasizes rapid prototyping and quick feedback.
- Focuses on quick development and delivery.Incremental Model:
- The product is designed, implemented, and tested incrementally until the product is finished.
Each of these models has its advantages and disadvantages, and the choice of which to use often depends on the specific requirements and constraints of the project at hand.
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How to Design a System Like YouTube?
Here’s a 9-step process:
The user creates a video upload request and provides the video files along with the details about the video.
The raw video files are uploaded to an Object Storage (such as S3).
Also, the metadata is saved in a database as well as a cache for faster retrieval when needed.
The raw video files are sent for transcoding to a special transcoding server. Transcoding is the process of encoding the videos into compatible bitrates and formats for streaming.
The transcoded video is uploaded to another object storage.
The notification for transcoding completion is sent to a special service via a message queue.
The Transcoding Status Handler updates the metadata DB and cache with the latest details of the video.
The user raises a video streaming request that goes to a Content Delivery Network (CDN).
The CDN fetches the video from the object storage for streaming. It also caches the video locally for subsequent streaming requests.
Over to you: What else would you add to make the YouTube-like system?
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by "ByteByteGo" <bytebytego@substack.com> - 10:36 - 21 Sep 2024 -
A CEO’s guide to being human
The Shortlist
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Curated by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of the CEO Shortlist, a biweekly newsletter of our best ideas for the C-suite. This week, we feature the latest book from McKinsey. We appreciate the opportunity to connect and hope you find our perspectives novel and insightful. Please let us know what you think! You can reach us at Alex_Panas@mckinsey.com and Axel_Karlsson@mckinsey.com. Thank you.
—Alex and Axel
Today, more than ever, exceptional leadership extends beyond strategy—it requires empathy, humility, authenticity, and ultimately, a very human approach. McKinsey’s latest book, The Journey of Leadership: How CEOs Learn to Lead from the Inside Out, helps leaders at all levels unlearn management and relearn how to be human. This USA Today national bestseller features never-before-heard reflections from leaders including Ed Bastian (CEO of Delta Air Lines), Makoto Uchida (CEO of Nissan Motor Corporation), Mark Fields (former CEO of Ford), Reeta Roy (CEO of Mastercard Foundation), and Stéphane Bancel (CEO of Moderna).
Among the ideas the book covers:•
A more open, collaborative style of leadership. Today’s complex issues such as digital transformation, inflation, disrupted global supply chains, scarce talent, a lack of diversity, cybersecurity, and climate change are beyond the ability of any one person to master.
•
The imperative for personal growth. Leadership is about more than those seemingly endless business-related tasks. It’s just as important to be aware of your values and shortcomings—so that you can first live up to your own standards and then lead others.
•
A hidden benefit of technology. Generative AI tools can free up time for leaders to spend on human-centric leadership. They can also give constant feedback on the effectiveness of executives’ leadership styles.
Read a short excerpt, watch the authors discuss the book, or order a copy. We hope you find these ideas inspiring and helpful. See you next time with more McKinsey ideas for the CEO and others in the C-suite.
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by "McKinsey CEO Shortlist" <publishing@email.mckinsey.com> - 03:57 - 20 Sep 2024 -
Hi there, quick question - is Your Telecoms Consultant...
Hi there, quick question - is Your Telecoms Consultant...
Hi there,
Is Your Telecoms Consultant:
1) Looking to replace an old CRM system to help secure more new business?
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4) Nearing the end of your contact with an off-the-shelf CRM system like Hubspot and fed up with the increasing cost?
If the answer to any of these questions is yes, I'd like to send you a quick quote and some more info on the CRM systems we provide, so you can compare it with the other options out there.
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by "Andrew Miller" <Andrew@crmcompany.co.uk> - 01:10 - 20 Sep 2024 -
How are European consumer views on electric cars changing?
Only McKinsey Perspectives
Brought to you by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of Only McKinsey Perspectives. We hope you find our insights useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
—Alex and Axel
—Edited by Belinda Yu, editor, Atlanta
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by "Only McKinsey Perspectives" <publishing@email.mckinsey.com> - 12:07 - 20 Sep 2024 -
The Saga Pattern
The Saga Pattern
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In enterprise applications, nearly every request is executed within a database transaction.
Developers often use frameworks and libraries with declarative mechanisms to simplify transaction management.
The Spring framework, for example, uses a special annotation to arrange for method invocations to be automatically executed within a transaction. This annotation simplifies writing transactional business logic, making it easier to manage transactions in a monolithic application that accesses a single database.
However, while transaction management is relatively straightforward in a monolithic application accessing a single database, it becomes more complex in scenarios involving multiple databases and message brokers.
For example, in a microservice architecture, business transactions span multiple services, each with its database. This complexity makes the traditional transaction approach impractical. Instead, microservices-based applications must adopt alternative mechanisms to manage transactions effectively.
In this post, we’ll learn why microservices-based applications require a more sophisticated approach to transaction management, such as using the Saga pattern. We’ll also understand the different approaches to implementing the Saga pattern in an application.
The Need for Saga Pattern...
Unlock this post for free, courtesy of Alex Xu.
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by "ByteByteGo" <bytebytego@substack.com> - 10:36 - 19 Sep 2024 -
Odoo Address Validation Solution
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jeudi 19 septembre 2024, 10:54:28 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hi MD Abul,
Thank you for registering on our customer portal. We noticed your interest in address validation and capture, and we're excited to introduce you to GeoPostcodes. It is a solution that can optimize your address data seamlessly.
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Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
by "Kashif Ali" <kashif.ali@geopostcodes.com> - 10:43 - 25 Sep 2024-
Odoo Address Validation Solution
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mercredi 25 septembre 2024, 17:43:24 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hey MD Abul,
We understand the struggle posed by inaccuracies, manual verification complexities, and the constant need for reliable data. GeoPostcodes is designed to be your comprehensive remedy, ensuring precision, saving valuable time, and providing a dependable solution.
Our Address Validation Service ensures the accuracy and completeness of your address database. By integrating GeoPostcodes, companies like DB Schenker have significantly improved their delivery processes, reduced errors, and enhanced customer satisfaction. You can find more information in this blog post on how DB Schenker validates postal data 300X faster
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Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
jeudi 19 septembre 2024, 10:54:32 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hi MD Abul,
Thank you for registering on our customer portal. We noticed your interest in address validation and capture, and we're excited to introduce you to GeoPostcodes. It is a solution that can optimize your address data seamlessly.
GeoPostcodes has helped companies like DB Schenker and Amazon streamline their address validation and capture processes. This has resulted in improved efficiency and customer satisfaction.
Would you like to chat briefly about how GeoPostcodes can enhance your address data management?
Best regards,
Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
by "Kashif Ali" <kashif.ali@geopostcodes.com> - 06:16 - 27 Sep 2024-
Odoo Address Validation Solution
Hello MD Abul,
Our on-premises location data offers the most advanced address verification solutions for enterprise backend and frontend systems. By using GeoPostcodes, you can achieve the following benefits:- Ensure data accuracy- Deliver a superior user experience- Increase conversion rates during checkout- Prevent shipping problems
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Best,Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
vendredi 27 septembre 2024, 13:16:12 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hi MD Abul,
You're now halfway through your GeoPostcodes' trial. Have you been able to explore our data, and what questions do you have?
We're already working with 124 Fortune 500 companies to service their location data needs. Let me know what you're working on, and we can discuss how we can support you with one of our datasets.
To discuss further with our experts, find a time that works for you here.
Best regards,Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
mercredi 25 septembre 2024, 17:43:24 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hey MD Abul,
We understand the struggle posed by inaccuracies, manual verification complexities, and the constant need for reliable data. GeoPostcodes is designed to be your comprehensive remedy, ensuring precision, saving valuable time, and providing a dependable solution.
Our Address Validation Service ensures the accuracy and completeness of your address database. By integrating GeoPostcodes, companies like DB Schenker have significantly improved their delivery processes, reduced errors, and enhanced customer satisfaction. You can find more information in this blog post on how DB Schenker validates postal data 300X faster
When suits you for a quick call with our experts?
Best regards,
Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
jeudi 19 septembre 2024, 10:54:32 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hi MD Abul,
Thank you for registering on our customer portal. We noticed your interest in address validation and capture, and we're excited to introduce you to GeoPostcodes. It is a solution that can optimize your address data seamlessly.
GeoPostcodes has helped companies like DB Schenker and Amazon streamline their address validation and capture processes. This has resulted in improved efficiency and customer satisfaction.
Would you like to chat briefly about how GeoPostcodes can enhance your address data management?
Best regards,
Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
by "Kashif Ali" <kashif.ali@geopostcodes.com> - 01:35 - 8 Oct 2024-
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mardi 8 octobre 2024, 08:35:06 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hello MD Abul,
Our on-premises location data offers the most advanced address verification solutions for enterprise backend and frontend systems. By using GeoPostcodes, you can achieve the following benefits:- Ensure data accuracy- Deliver a superior user experience- Increase conversion rates during checkout- Prevent shipping problems
If you'd like to discuss your requirements, please schedule a time that works for you: HERE.
We are looking forward to speaking with you soon.
Best,Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
vendredi 27 septembre 2024, 13:16:12 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hi MD Abul,
You're now halfway through your GeoPostcodes' trial. Have you been able to explore our data, and what questions do you have?
We're already working with 124 Fortune 500 companies to service their location data needs. Let me know what you're working on, and we can discuss how we can support you with one of our datasets.
To discuss further with our experts, find a time that works for you here.
Best regards,Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
mercredi 25 septembre 2024, 17:43:24 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hey MD Abul,
We understand the struggle posed by inaccuracies, manual verification complexities, and the constant need for reliable data. GeoPostcodes is designed to be your comprehensive remedy, ensuring precision, saving valuable time, and providing a dependable solution.
Our Address Validation Service ensures the accuracy and completeness of your address database. By integrating GeoPostcodes, companies like DB Schenker have significantly improved their delivery processes, reduced errors, and enhanced customer satisfaction. You can find more information in this blog post on how DB Schenker validates postal data 300X faster
When suits you for a quick call with our experts?
Best regards,
Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
jeudi 19 septembre 2024, 10:54:32 +0200, Kashif Ali <kashif.ali@geopostcodes.com>:
Hi MD Abul,
Thank you for registering on our customer portal. We noticed your interest in address validation and capture, and we're excited to introduce you to GeoPostcodes. It is a solution that can optimize your address data seamlessly.
GeoPostcodes has helped companies like DB Schenker and Amazon streamline their address validation and capture processes. This has resulted in improved efficiency and customer satisfaction.
Would you like to chat briefly about how GeoPostcodes can enhance your address data management?
Best regards,
Kashif AliBusiness Development+32 25 86 22 31Rue Aux Laines 70, Brussels 1000, BELGIUM
by "Kashif Ali" <kashif.ali@geopostcodes.com> - 07:13 - 10 Oct 2024
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Last Place
Last Place
Good morning,
Two of these last three places were reserved yesterday, so we only have one left now. If you would like to take it today, I can offer a slightly bigger discount, so it would cost the equivalent of just £21 per week (was £31) for the 2-year partnership + £399 Artwork (one-off, optional) + VAT.
If it's not of interest, apologies for my emails - just let me know and I will remove you from my list (or just click on the unsubscribe link at the bottom and you'll automatically be removed).
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Jack Stevens <jack@w1g.biz> wrote:
Hi there,
With 18 slots available on the My Caddie Golf Platform featuring Birchwood Golf Club (1 company per hole) and 15 sold so far, we only have 3 left.
We still need a local Telecommunication Company though, and we'd love to have Your Telecoms Consultant on board.
As the cost has been reduced to the equivalent of just £23 per week (was £31), these last 3 slots are likely to get filled in the next few days.
If you are interested at all, and would like to either reserve a slot or ask some questions, please let me know as soon as possible.
You will still get all of these great benefits:
- Exclusivity for your sector.
- Providing you with exposure on the members and visitors iPhone app.
- Exposure on the members and visitors Android app.
- Your branding on the flyovers on one of the holes on our Birchwood Golf Club web flyovers which is trackable and targeted to your demographic within the local area.
- Access to our networking groups between all partners and plus ones.
- Complimentary golf for you to entertain clients, colleagues and guests.
Best wishes,
Jack StevensAccount Manager0330 0436 463
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West 1 Group UK Limited, registered in England and Wales under company number 07574948. Our registered office is Unit 1 Airport West, Lancaster Way, Yeadon, Leeds, West Yorkshire, LS19 7ZA.
Disclaimer: Our app operates independently. While we provide authentic and accurate hole-by-hole guides, we do not have a direct association with Birchwood Golf Club or claim any endorsement from them. We aim to offer golfers a reliable guide as they navigate their favourite courses. As a value-add for our advertisers, we offer free tee times at Birchwood Golf Club which we procure as any customer would, directly from the venue. We also host networking events, which may be held a various local venues as well as online sessions.Furthermore, advertisers have the unique opportunity to be featured in our flyovers of each golf hole. All offerings are subject to availability and terms.
by "Jack Stevens" <jack@w1g.biz> - 02:15 - 19 Sep 2024 -
What can organizations do to prepare to capture value from generative AI?
Only McKinsey Perspectives
Brought to you by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms
Welcome to the latest edition of Only McKinsey Perspectives. We hope you find our insights useful. Let us know what you think at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com.
—Alex and Axel
•
Employee enthusiasm for gen AI. Despite all the buzz surrounding gen AI, most companies have yet to scratch the surface of its promise, McKinsey senior partners Charlotte Relyea and Dana Maor, partner Sandra Durth, and associate partner Jan Bouly share. Organizations have been slow to adopt gen AI in ways that could realize its trillion-dollar opportunity, even as employees’ use of the tech reaches an inflection point. About nine in ten workers are using gen AI for work, and the vast majority are enthusiastic about it, a new McKinsey Global Survey reveals.
—Edited by Belinda Yu, editor, Atlanta
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by "Only McKinsey Perspectives" <publishing@email.mckinsey.com> - 12:44 - 19 Sep 2024 -
Is IT Really Ready for AI?
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If you’re among the 35% of CIOs facing difficult decisions regarding AI transformation, read this report to:- Gain a head start into your AI adoption journey by understanding how global CIOs are shaping their strategies
- Discover the four key opportunities for IT leaders to leverage for effective AI deployment
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by "Workday" <corp.email@workday.com> - 09:05 - 18 Sep 2024 -
Read this before your free trial
Read this before your free trial
Enjoy your 14-day access to our online datasets, sample data, and detailed product sheets.
Some background about what we do at GeoPostcodes.
1 database
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Always up-to-date
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100+ annual updates
8.6 million postal codesBut.
Let's start with simple questions.
I want to achieve _____ with zip code database?
- Address validation & autocomplete
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- ...
I need a _____ geographical coverage?
- 1-10 countries
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Reply and our data experts will help you maximize your free trial.
Best regards,
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by support@geopostcodes.com - 08:56 - 18 Sep 2024 -
Say bon voyage to yesterday’s travel trends
Re:think
FRESH TAKES ON BIG IDEAS
ON TRAVEL TRENDS
Getting on board with today’s travelersAfter falling by 75 percent in 2020, travel is on its way to a full recovery by the end of 2024. Notably, an estimated $8.6 trillion in traveler outlays this year will represent roughly 9 percent of the year’s global GDP. In the United States, travel is one of the fastest-growing areas of consumer spending, rising 6 percent over a recent 12-month period, even when adjusted for inflation.
When travel surged after the COVID-19 pandemic, there was some concern that it would be a temporary spike and would quickly flatten out again. But it’s been long enough now that the resumption of travel seems here to stay. For the travel industry, what’s exciting is that people want to travel more and are willing to spend a higher share of their disposable income on traveling, which means the market fundamentals are there for growth.
Long-haul travel might get more attention, but the truth is that most travelers stay closer to home. Domestic travel constitutes the bulk of the global market, representing about 70 to 75 percent of total travel spending. There’s also more intraregional travel—for example, people in Asia traveling within Asia and people in Europe traveling within Europe.
With intraregional travel accelerating, companies are paying more attention to local markets. There have been various marketing approaches aimed at domestic travelers, encouraging curiosity and pride as people rediscover the beautiful sights and unique cultures within their own countries. Some hotels have offered special rates to local residents to encourage staycations (which can also be a way to boost business during nonpeak seasons). Most theme parks have started issuing annual passes and subscriptions to encourage repeat business from nearby customers instead of relying too much on out-of-town visitors.“The estimated $8.6 trillion in traveler outlays this year represents roughly 9 percent of the year’s global GDP.”
When it comes to source markets for outbound travel, there are strong pockets of new growth in Eastern Europe, in Southeast Asia, and particularly in India. Today there are about 13 million annual outbound trips from India. By 2040, we expect that number to be 80 million or 90 million, led by a growing middle class that has increasing amounts of disposable income. India is already a strong market for domestic travel, and it will be a market to be reckoned with for outbound travel. Interestingly, more than 50 percent of Indian travelers say that TV shows and movies have influenced their travel destination choices. That’s a distinctive quality of this market, and it suggests that Indians’ preferred destinations could shift quickly, depending on which shows and movies become popular at a given moment.
These newer groups of outbound travelers want to feel like they’re welcome. The industry is getting better at catering to their needs. That can mean providing tour guides who speak the native language of these travelers or making sure that familiar cuisines are available while abroad. The ease of obtaining visas is part of this story: Azerbaijan, for example, introduced an expedited e-visa for Indian travelers, and arrivals of Indian travelers to Azerbaijan jumped dramatically. It's not just about the reduced administrative requirement; it’s about a feeling of being welcomed.
In terms of fast-growing destinations, Laos, the Philippines, and Rwanda are countries likely to see significant growth in inbound international travel spending between now and 2030. Much of this demand will come from members of younger generations who don’t necessarily want to visit familiar places. Instead, they prioritize new destinations and experiences that are off the beaten path—especially if it means lower costs. Laos is increasingly on the radar of travelers seeking an alternative to Thailand and Vietnam. The Philippines has made a strong effort to lean into its unique culture, positioning itself as a destination that’s about more than just the sun and beach. Rwanda’s gorilla-trekking experience shows up on the bucket lists of more and more young travelers.
One theme we’re keen to keep exploring is sustainability. Travelers we’ve surveyed say they care about sustainability and it’s a consideration when they travel. But if you ask them to rank the importance of different factors in selecting a hotel, sustainability comes in 21st out of 26 factors. So travelers’ intentions are there, but we’re still trying to understand how they might translate into behavior shifts. Another area we’re looking at is luxury travel. We’ve found that 30 percent of spending on luxury travel, counterintuitively, comes from travelers with net worths of less than $1 million. Research on topics like these provides a fact base that helps us stay attuned to travel flows, traveler needs, and where the spending growth is.Share Margaux Constantin’s insights
ABOUT THIS AUTHOR
Margaux Constantin is a partner in McKinsey’s Dubai office.
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