When cybersecurity firm CrowdStrike distributed a faulty software update in July, it impacted a staggering 8.5 million devices. The crisis rippled through commercial airline operations, package delivery logistics, ecommerce, and health care, to name a few.This incident serves as a stark reminder that business disruptions are not just potential threats,…
AI has progressed within the last several years to do remarkable things. In February of this year, OpenAI unveiled Sora, an impressive text-to-video AI generator that produces high quality videos. This new generative AI innovation uses basic text prompts to generate up to 60-second videos. Like all generative AI tools, there…
The emergence of AI and generative AI (gen AI) has brought new energy to the age-old conversation about productivity. In this episode of the McKinsey on Insurance podcast, McKinsey senior partner Jörg Mußhoff sits down with partners Elena Pizzocaro and Selim Sulos to discuss why revisiting insurance productivity is at the top…
Starting my career in political communication taught me a lot, but one of the most important lessons was this: Know, and never underestimate, your audience. It’s easier said than done. After my pivot into the software world, I’ve experienced firsthand how challenging it can be to explain a complex technology…
Researchers have identified a drug already used for cancer patients, that, when applied to current gene therapy protocols can improve blood stem cell function threefold.One trillion blood cells are produced every day in humans, and blood stem cells are the only cell types in our body capable of producing all…
David Plunkert/theispot.com Product management is one of the fastest-growing roles in business, having gained increased scope and importance in Silicon Valley. While product managers used to be hired almost exclusively by technology companies, they are now being recruited in growing numbers by service-oriented businesses as well, with firms such as…
Quick Hits At least six federal courts have issued injunctions barring enforcement of the U.S. Department of Education’s 2024 Title IX rule, which applies to complaints of sex discrimination occurring on or after August 1, 2024. Many of the injunctions lack clarity as to which institutions are covered. The Department…
Imagine having a teaching tool that’s always ready to help you with brainstorming, creating, and innovating. Meet Khanmigo for Teachers. Imagine having a teaching tool that’s always ready to help you with brainstorming, creating, and innovating. Meet Khanmigo for Teachers. Created by Khan Academy and powered by Azure OpenAI Service,…
HR professionals often find themselves fighting an uphill battle to create a positive and safe workplace. Not to rub it in, but we thought we’d share a case study of what could be when the opposite occurs. Read on and see what happens when leadership listens to HR, as Rainbow…
Recently, the West convened the so-called “Ukraine Peace Summit” in Switzerland. The event intended to address internal and external issues, but failed on both fronts due to its reliance on an escalation strategy. Internally, the summit aimed to function as a form of "collective catharsis," placing blame on Moscow for…
15 August 2024By Evangelos Charalambakis, Omiros Kouvavas and Pedro NevesHow quickly do consumers react to rate hikes? The answer depends in part on how much they know about financial matters. This ECB Blog post shows that the better informed they are, the quicker their reaction.When central banks raise interest rates…
Topics Column Our expert columnists offer opinion and analysis on important issues facing modern businesses and managers. More in this series Carolyn Geason-Beissel/MIT SMR | Getty Images Our collective experience of the pandemic enabled us to conduct endless experiments with work. Initially, the experiments were about where work took place…
Discover new AI features in Learning Accelerators, designed to help you save time, create impactful content, and deepen your students' learning experiences. As educators, you know how important it is to help your students develop the skills they need for academic success. But sometimes, it can be challenging to find…
Who really controls public companies? Some might say it’s the CEO and other top executives. Others may argue it’s the board of directors. Still others may mention the shareholders, to whom the C-suite occupants must ultimately answer, via the value of the firm’s shares. All those answers are correct, but…
Severe brain injury can leave individuals unable to respond to commands physically, but in some cases they are still able to activate areas of the brain that would ordinarily play a role in movement. This phenomenon is known as ‘cognitive motor dissociation’.To determine what proportion of patients in so-called ‘disorders…
People often speak of industry momentum as if it were a force of nature independent of individual companies’ actions—like the mysterious “ether” scientists once believed filled the universe and allowed light to travel. While demographics and macroeconomic factors outside organizations’ control do contribute to momentum, the trajectory and pace of…
The CrowdStrike tech security outage in July revealed the true interdependence—and fragility—of global computer systems. Following several high-profile data breaches, policymakers are calling on businesses to do more to fix code weaknesses and protect systems from cyber criminals.A new study highlights one simple change companies could make: updating software sooner…
One of the realities of today’s financial markets is the outsized shareholder voting power held by the leading mutual funds. In 2021, the top three asset management companies (BlackRock, State Street and Vanguard) owned around 23 percent of S&P 500 firms. This made them the largest shareholders in 88 percent…
At a glance The energy transition is in its early stages, with about 10 percent of required deployment of low-emissions technologies by 2050 achieved in most areas. Optimized over centuries, today’s energy system has many advantages, but the production and consumption of energy accounts for more than 85 percent of…
In this case, the relations of the same states may change as a result of the change of their representatives in negotiations. With one president (or minister), the factor of personal trust contributes to the success of negotiations, while with another leader of the same country, personal distrust undermines this.…
When conflicts in a team – no matter how minor – are left unresolved, it can eventually breed resentment. If unaddressed, this could lead to cynicism and distrust, as well as harm individual and team performance. How should leaders deal with this? The intuitive answer might involve orchestrating frank, albeit difficult,…
Topics Column Our expert columnists offer opinion and analysis on important issues facing modern businesses and managers. More in this series subscribe-icon Subscribe Share Carolyn Geason-Beissel/MIT SMR | Getty Images When you have the opportunity to connect with an audience, stating fact after fact is not the way to go.…
Non-disclosure agreements (NDAs or confidentiality agreements) have come under fire in recent years due to concerns that they silence victims, conceal unlawful behaviour and prevent companies and regulators from understanding the full scope of systemic problems. These are all valid concerns. However, the part that often gets overlooked when discussing…
In the past decade, physician burnout has evolved from a serious concern to a troubling epidemic, affecting 50 percent of physicians and physicians-in-training. Excessive workloads, process inefficiencies, and administrative burdens related to electronic medical records (EMR) documentation are hampering productivity and significantly impacting physician well-being.In the United States, physicians spend…
Dr Shuaifeng Hu, Post Doctoral Fellow at Oxford University Physics, examining the new thin-film perovskite material. Image credit: Martin Small. Their new light-absorbing material is, for the first time, thin and flexible enough to apply to the surface of almost any building or common object. Using a pioneering technique developed…
Though business and politics might seem like different worlds, there are increasing commonalities between leadership in these realms. As I explain in the second edition of Los Presidentes Españoles, which explores the success and failures of Spanish leaders since the return of democracy in 1978, executives can learn a lot from…
The German healthcare system, renowned for its efficiency and quality of care, is at a critical juncture in the postpandemic era. The results of a McKinsey survey of physicians in Germany highlight substantial challenges that could be affecting the quality and reliability of patient care (see sidebar, “Research methodology”). The…
The squeeze on retailers’ profits is tighter than ever. And while some retailers are struggling to eke out value, the best are pulling away from the rest (Exhibit 1). Those that are left behind have already picked the low-hanging fruit to combat the sector’s headwinds: they have tried to solve…
More than ever, companies need supply chains that are resilient to disruptions, whether the cause is a natural disaster, an infrastructure failure, labor actions, or a global pandemic. Yet the conventional approach to resilience is seriously flawed. Many companies follow a boom-and-bust pattern, making big investments in resilience after a…
Quick Hits A federal district court rejected challenges to a Florida law that makes it more difficult for public-sector teachers unions to collect dues and recertify. The court held that the Florida Legislature’s changes did not impair the validity, construction, or enforcement of collective bargaining contracts. The court left remaining…
Trump changed the approach to China both at the doctrinal level and at the level of practical policy. In doctrinal terms, Trump exacerbated all the comments that were previously made about the PRC in a cautious and delicate manner: China is an authoritarian country with a communist regime that has…
Standing still is not an option on your fitness journey – but standing still in business is less so. Aligning a growth mindset with the ability to adapt permits the continuous evolution that supports business growth. Just as you tweak your gym regime to ensure results, so you can adjust…
Clear, well-defined strategy is essential for a business’s success. Without a detailed, thoughtful strategy, a business can wander through the wilderness. Within the domain of well-defined strategy, there are three uniquely different and crucial strategy types: These three different strategies are crucial for a business’s success. While they are distinct entities, it is worth noting that a common […] The post 3 Essential Types Of Business Strategy & How To Apply Them appeared first on Accelare.
The Corporate Sustainability Due Diligence Directive (CSDDD) applies to certain large EU companies and non-EU companies operating within the EU. In-scope companies will be subject to due diligence obligations related to adverse environmental and human rights impacts with respect to companies’ own operations, those of their subsidiaries and their chains…
A careful reading of the Iranian new president’s political positions demonstrates that he is seeking for an “accommodation” in foreign policy through constructing a political consensus in the domestic politics, bridging the reformist and conservative forces, Kayhan Barzegar writes. On July 5, 2024, Masoud Pezeshkian was elected as the 14th…
In a significant development for H-1B visa hopefuls, the U.S. Citizenship and Immigration Services (USCIS) has completed a second lottery for the Fiscal Year 2025 H-1B cap. The H-1B program enables U.S. employers to temporarily hire foreign workers for roles that typically require at least a bachelor’s degree in the…
Quick Hits At least six federal courts have issued injunctions barring enforcement of the U.S. Department of Education’s 2024 Title IX rule, which applies to complaints of sex discrimination occurring on or after August 1, 2024. Many of the injunctions lack clarity as to which institutions are covered. The Department…
Earlier this year, we reported that the Illinois Senate passed Senate Bill 2979 with a vote of 46 to 13, and the Illinois House of Representatives passed Senate Bill 2979 with a vote 81 to 30. This bill addressed concerns arising from recent legal interpretations of the Illinois Biometric Information Privacy Act (“BIPA,” 740…
US banks’ deposit operations have experienced a difficult few years, with total deposit balances declining 7 percent between the first quarter of 2022 and the third quarter of 2023. In 2022, the US Federal Reserve began pursuing quantitative tightening (QT), or reducing its balance sheet by not reinvesting all the…
With between 79 and 98 percent of jobs in Australia predicted to be automated by 2030, enabling vast productivity gains, how will this change the nature of work? Generative AI (gen AI) will have different effects on different sectors; however, early adopters in any sector can drive positive change—at the…