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by "New Relic Events" <emeamarketing@newrelic.com> - 05:06 - 4 Nov 2024

How to tackle 21st-century challenges: A leader’s guide

Leading Off

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ESSENTIALS FOR LEADERS AND THOSE THEY LEAD

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 Leading Off. 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

The challenges of leading in today’s business environment are evolving quickly in their scope and complexity: technology is redefining how we work, business is more global than ever, and employees’ values and expectations are shifting as the generational makeup of the workforce changes. To realize sustainable growth in a world of flux, companies need a new type of leadership that is more open and adaptable. This week, we look at how organizations can support their current and future leaders and how leaders can navigate this moment of disruption.

AN IDEA

An image linking to the web page “The art of 21st-century leadership: From succession planning to building a leadership factory” on McKinsey.com.

Cultivate 21st-century leaders

The biggest hurdle to creating resilient and high-performing teams is developing a deep bench of leaders who can excel in a turbulent world, according to McKinsey global managing partner Bob Sternfels , senior partners Daniel Pacthod and Kurt Strovink , and senior adviser Wyman Howard. They note that CEOs face a growing number of critical issues to manage, and the personal attributes and best practices associated with strong leadership have changed substantially over time. Some of the most important traits for current and future leaders include maintaining positive energy, selflessness, curiosity, grit, and even a sense of humor. CEOs should also be able to convey vision and possibilities both inside and outside of the organization and engage authentically with employees, customers, and other stakeholders. Companies should prioritize investing in their own “leadership factories” and providing on-the-job training for 21st-century leaders to develop these skills. The authors say: “The organizations that treat leadership development as a core capability and proactively address the needs of both existing and aspiring leaders can raise their overall resilience and substantially improve the odds that they will be able to withstand disruption—whatever it is, and whenever it appears next.”

A BIG NUMBER

3.4x

That’s how much more likely companies are to be healthy when they emphasize an empowering leadership style, according to recent data from McKinsey’s Organizational Health Index. “Leaders should make sure those closest to the work have the autonomy to make their own decisions,” say senior partners Aaron De Smet and Arne Gast and their coauthors. Leaders must also recognize that the classic model of “Do it because I said so” no longer applies. The authors note: “In this era of disruption, leaders can be challenging and decisive while being supportive, consultative, and empowering. But badgering people, micromanaging them, and applying positional authority to pressure people to do more and do better is no longer effective.”

A QUOTE

“I would encourage leaders to be as normal a person as possible.”

That’s former Novartis CEO Daniel Vasella on how to embrace the CEO role. Vasella, who has counseled hundreds of global CEOs, stresses that leaders don’t need to build walls around themselves and keep their employees at a distance. “People like to see that bosses admit when they’re wrong, that they are comfortable asking questions so they can learn, and that they are grateful for good answers from the people around them, who may in fact know more than they do about a particular issue,” he says. “This complementarity of capabilities and knowledge is very important to be aware of so that it can be used to the benefit of the enterprise.”

A SPOTLIGHT INTERVIEW

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Lead yourself before you lead others. That’s a fundamental lesson for current and future leaders, says McKinsey senior partner Ramesh Srinivasan , coauthor of The Journey of Leadership: How CEOs Can Learn to Lead from the Inside Out. In a recent episode of The McKinsey Podcast, Srinivasan and one of his coauthors, senior partner emeritus Hans-Werner Kaas, emphasize that leaders must be self-aware and learn how to balance contrasting qualities, such as courage and curiosity or confidence and humility, so they can be more effective in guiding their organizations and employees. “We call it human-centric leadership,” Srinivasan says. “Our belief is that leaders need to reflect on their purpose, who they are, how they show up in the world, and how they can inspire their teams and the institutions they’re leading.”

CULTURE IS KEY

An image linking to the web page “Five bold moves to quickly transform your organization’s culture” on McKinsey.com.

Fostering an inclusive culture is an essential step to motivate today’s employees, many of whom are yearning for greater connection to their work. Senior partners Brooke Weddle and John Parsons and their coauthors identify several “power moves” that leaders can take to involve employees in culture changes that make them feel more engaged, purposeful, and productive. These include exposing their teams to new ideas and best practices that may not have been previously considered, encouraging employees to volunteer for culture-change roles, and embedding new rituals and routines into the workplace to break old, unproductive habits. The authors note that it’s critical “for leaders in culture transformations to widen the aperture for teams and individuals in their organizations. They must find space for creativity, build enthusiasm for it, and inject it into employees’ everyday activities.”

Lead by embracing a new approach.

— Edited by Eric Quiñones, senior editor, New York

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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 04:55 - 4 Nov 2024

What are Gen Z employees really like?

Only McKinsey Perspectives

DELIVERING ACTIONABLE INSIGHTS ON THE DAY’S NEWS

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

Gen Z in a nutshell

In the news

•

Work perks. By offering mentorship, frequent feedback, and benefits such as on-site therapy sessions, businesses are doing more to keep their Gen Z employees—the youngest generation of working age—happy and engaged, the Wall Street Journal reports. The generation is a behemoth in today’s labor market; this year, Gen Zers are expected to outnumber baby boomers in the US workforce. According to experts, employers would do well to ensure that Gen Z colleagues see their work as meaningful and fulfilling. [WSJ]

•

Let social media be. Young people understand the potential harms of social media, but most Gen Zers are against restricting its use by minors, according to a Stanford University survey of more than 400 first-time US voters. Over 60% of those surveyed disagreed with making kids younger than 16 ask for parental permission to use social media, Bloomberg reports, while over 85% opposed limits on which times of day (at night, for instance) kids can receive social media alerts. [Bloomberg]

Only 37% of Gen Z respondents believe that most people in the US have economic opportunities, suggesting a deep malaise about their own prospects.

On McKinsey.com

•

A generation of change. Born between 1996 and 2010, Gen Z has been shaped by digital technology, climate-related anxiety, and economic uncertainty. As McKinsey’s managing partner for Latin America, Tracy Francis , and partner Fernanda Hoefel note, Gen Z is the first generation to grow up with the internet as a part of daily life. This generation is also known for its social consciousness and activism. As more Gen Zers enter the workforce, they are disrupting traditional workplace norms and pushing for a more flexible and purpose-driven work environment.

•

Tough times. Gen Zers face a range of work-related challenges, including a mental health crisis, financial insecurity, and a rapidly changing job market. They report the highest prevalence of mental health issues of any generation, research by McKinsey partner Erica Hutchins Coe and coauthors find. Many Gen Zers are also pessimistic about their chances of ever buying a home or retiring. Read our McKinsey Explainer “What is Gen Z?” to learn more about this generation’s characteristics and their role in today’s workplace.

Discover what makes Gen Z tick

—Edited by Jana Zabkova, senior editor, New York

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by "Only McKinsey Perspectives" <publishing@email.mckinsey.com> - 01:50 - 4 Nov 2024

Purchase Order

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I am Elena Francesco from Deca S.P.A.

We came across your company during our search for suppliers and are interested in your products.

Could you please send us your data sheet for our reference and perusal. We will revert to you with our RFQ as soon as possible.

Also note that quality of the products must be guaranteed to enable us to establish a good business relationship.

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by "Elena Francesco" <hector7710@hotmail.com> - 10:33 - 3 Nov 2024

The week in charts

The Week in Charts

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ALL THE WEEK’S DATA THAT’S FIT TO VISUALIZE

The Week in Charts series offers data visualizations that help explain a changing world—as we strive toward sustainable and inclusive growth. In case you missed them, this week’s graphics explored low-carbon energy sources, workplace microaggressions, and clean technologies.

FEATURED CHART

Energy’s next chapter

A chart titled “Low-carbon energy sources are projected to account for 65 to 80 percent of global power generation by 2050” Click to open the full article on McKinsey.com.

This week’s other select charts

Clean tech catch-up

Microaggressions remain a parity pitfall

Celebrating 60 years of the McKinsey Quarterly

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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:30 - 2 Nov 2024

EP136: The Ultimate DevOps Developer Roadmap

͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

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EP136: The Ultimate DevOps Developer Roadmap

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This week’s system design refresher:

Everything You NEED to KNOW About Web Applications (Youtube video)
The Ultimate DevOps Developer Roadmap
6 Software Architectural Patterns You Must Know
Top Eventual Consistency Patterns You Must Know
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Everything You NEED to KNOW About Web Applications

The Ultimate DevOps Developer Roadmap

Programming Languages
Pick and master one or two programming languages. Choose from options like Python, JavaScript, Go, Ruby, etc.
Operating Systems
Master the ins and outs of major operating systems like Linux, Windows, Mac, and so on.
Source Control Management
Learn about source control management tools such as Git, GitHub, GitLab, and Bitbucket.
Networking
Master the basics of networking concepts such as DNS, IP, TCP, and SSH.
CI/CD
Pick tools like GitHub Actions, Jenkins, or CircleCI to learn about continuous integration and continuous delivery.
Scripting and Terminals
Learn scripting in bash, and PowerShell along with knowledge of various terminals and editors.
Hosting and Platforms
Master multiple hosting platforms such as AWS, Azure, GCP, Docker, Kubernetes, Digital Ocean, Lambda, Azure Functions, etc.
Infrastructure as Code
Learn infrastructure as code tools like Terraform, Pulumi, Ansible, Chef, Puppet, Kubernetes, etc.
Monitoring and Logging
Master the key tools for monitoring and logging for infrastructure and applications such as Prometheus, Elasticsearch, Logstash, Kibana, etc.
Basics of Software Development
Learn the basics of software development such as system availability, data management, design patterns, and team collaboration.

Over to you: What else would you add to this roadmap?

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The Ultimate Redis 101

Redis is one of the most popular data stores in the world and is packed with features.

Here are 8 simple steps that can help you understand the fundamentals of Redis.

What is Redis?
Redis (Remote Dictionary Server) is a multi-modal database that provides sub-millisecond latency. The core idea behind Redis is that a cache can also act as a full-fledged database.
Redis Adoption
High-traffic internet websites like Airbnb, Uber, Slack, and many others have adopted Redis in their technology stack.
How Redis Changed the Database Game?
Redis supported main memory read/writes while still supporting fully durable storage. Read and writes are served from the main memory but the data is also persisted to the disk. This is done using snapshots (RDB) and AOF.
Redis Data Structures
Redis stores data in key-value format. It supports various data structures such as strings, bitmaps, lists, sets, sorted sets, hash, JSON, etc.
Basic Redis Commands
Some of the most used Redis commands are SET, GET, DELETE, INCR, HSET, etc. There are many more commands available.
Redis Modules
Redis modules are add-ons that extend Redis functionality beyond its core features. Some prominent modules are RediSearch, RedisJSON, RedisGraph, RedisBloom, RedisAI, RedisTimeSeries, RedisGears, RedisML, and so on.
Redis Pub/Sub
Redis also supports even-driven architecture using a publish-subscribe communication model.
Redis Use Cases
Top Redis use cases are Distributed Caching, Session Storage, Message Queue, Rate Limiting, High-Speed Database, etc.

Over to you: What else will you add to get a better understanding of Redis?

6 Software Architectural Patterns You Must Know

Choosing the right software architecture pattern is essential for solving problems efficiently.

Layered Architecture
Each layer plays a distinct and clear role within the application context.
Great for applications that need to be built quickly. On the downside, source code can become unorganized if proper rules aren’t followed
Microservices Architecture
Break down a large system into smaller and more manageable components.
Systems built with microservices architecture are fault tolerant. Also, each component can be scaled individually. On the downside, it might increase the complexity of the application.
Event-Driven Architecture
Services talk to each other by emitting events that other services may or may not consume.
This style promotes loose coupling between components. However, testing individual components becomes challenging
Client-Server Architecture
It comprises two main components - clients and servers communicating over a network.
Great for real-time services. However, servers can become a single point of failure.
Plugin-based Architecture
This pattern consists of two types of components - a core system and plugins. The plugin modules are independent components providing a specialized functionality.
Great for applications that have to be expanded over time like IDEs. However, changing the core is difficult.
Hexagonal Architecture
This pattern creates an abstraction layer that protects the core of an application and isolates it from external integrations for better modularity. Also known as ports and adapters architecture.
On the downside, this pattern can lead to increased development time and learning curve.

Over to you: Which other architectural pattern have you seen?

Top Eventual Consistency Patterns You Must Know

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Eventual consistency is a data consistency model that ensures that updates to a distributed database are eventually reflected across all nodes. Techniques like async replication help achieve eventual consistency.

However, eventual consistency can also result in data inconsistency. Here are 4 patterns that can help you design applications.

Pattern#1 - Event-based Eventual Consistency
Services emit events and other services listen to these events to update their database instances. This makes services loosely coupled but delays data consistency.

Pattern#2 - Background Sync Eventual Consistency
In this pattern, a background job makes the data across databases consistent. It results in slower eventual consistency since the background job runs on a specific schedule.

Pattern#3 - Saga-based Eventual Consistency
Saga is a sequence of local transactions where each transaction updates data with a single service. It is used to manage long-lived transactions that are eventually consistent.

Pattern#4 - CQRS-based Eventual Consistency
Separate read and write operations into different databases that are eventually consistent. Read and write models can be optimized for specific requirements.

Over to you: Which other eventual consistency patterns have you seen?

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by "ByteByteGo" <bytebytego@substack.com> - 11:35 - 2 Nov 2024

How to future-proof your leadership

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Monthly Highlights, November 2024

In an era of unprecedented uncertainty, leaders can no longer rely on outdated playbooks. In our first featured story, McKinsey’s Bob Sternfels, Daniel Pacthod, Kurt Strovink, and Wyman Howard explore what it will take to be a leader for this century and how organizations can build a leadership factory that shapes, develops, and mentors the next generation of managers. Our second featured story is a survey that looks at how CEOs are fueling growth by developing new ventures. Other highlights include the following topics: