Business, Management, Marketing, Money, Tax, Law, People

The way organizations manage their most important assets—their people—is ready for a fundamental transformation. New technologies, hybrid working practices, multigenerational workforces, heightened geopolitical risks, and other major disruptions are prompting leaders to rethink their methods for attracting, developing, and retaining employees. In the past year alone, for instance, we have seen more and more companies adopt, innovate, and invest in technology—particularly in gen AI—in ways that have spurred more changes…

Modern machines are getting harder to maintain. Extra features, multiple sensors, advanced control systems, and sophisticated software all add cost and complexity to maintenance tasks. In industrial environments, that complexity is often compounded by the coexistence of equipment from different eras, different manufacturers, and different technology types.As the work involved in maintenance becomes more demanding, maintenance functions are wrestling with other challenges. Workforce demographics are one, as older, more experienced…

Return to office (RTO) is on the rise. But in the words of talent expert and McKinsey Partner Bryan Hancock, “It doesn’t matter where you ask someone to be. What matters is what you do with them once they’re there.” On this episode of McKinsey Talks Talent, Hancock and McKinsey Senior Partner Brooke Weddle speak with Global Editorial Director Lucia Rahilly about surprising soon-to-be-published research on the opportunities and challenges of RTO—and…

At 112 years young, Holcim is proving that age and innovation can go hand in hand. With headquarters in Switzerland, a presence in 70 countries worldwide, and $27 billion in net sales, the construction building materials company is using cutting-edge technology to help the customer ordering process run more smoothly. To transform what was once a manual system into something speedier and easier to use, Holcim recently began experimenting with…

Sports fans love to compare today’s athletes to the legends of the past and speculate about who’s the best. While many of us cherish our childhood memories, it’s a cold, hard fact that, in almost every case, today’s athletes would handily defeat their predecessors. As a flamethrowing relief pitcher said in 2018, if Babe Ruth, arguably one of the greatest players in major league history, were playing today, “I would…

At its core, strategy entails deriving insights from facts and data, developing real options based on those insights, making hard-to-reverse choices, and executing initiatives that convert those choices into value. Data analytics has assisted in this work for several decades, but never before has technology been able to not only augment and partially automate inputs into strategy but also combine them into complex analyses. In time, it may even recommend…

Nearly a decade ago, the Gates Foundation launched the Economic Mobility and Opportunity (EMO) strategy to help remove the barriers that prevent millions of people in poverty from moving up the economic ladder. Focused on 44 million Americans whose incomes are at or below 200 percent of the federal poverty level (an annual income of $30,120 for an individual and $62,400 for a family of four), EMO collaborates with organizations…

When Jonathan Sudharta began his career as a pharmaceutical sales rep, he spent a lot of time in waiting rooms, observing patients who waited for hours, often in vain, to see a physician. He recognized an opportunity to address a lack of healthcare access in Indonesia and launched Halodoc in 2016, a telehealth application that connected millions of Indonesians to a network of more than 20,000 healthcare professionals, clinics, labs,…