How to Mitigate Resentment in Your Team

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, conversations between the discordant parties. But such conversations are unlikely to lead to the desired reconciliation without a baseline of…

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Are Your Presentations Too Emotional — or Too Analytical?

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. You have an opportunity to connect more deeply than you can with just facts. Granted, some presentations are solely to…

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In defence of non-disclosure agreements

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 the use of NDAs is that there are good reasons why NDAs are commonly used. It is important to recognise…

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Can AI Save Physicians from Burnout?

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 between 34 and 55 percent of their workday compiling clinical documentation and reviewing EMRs. While some of this contributes to…

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Solar energy breakthrough could reduce need for solar farms

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 in Oxford, which stacks multiple light-absorbing layers into one solar cell, they have harnessed a wider range of the light…

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Can Senior Politicians Teach Executives How to Lead?

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 strategies employed by political leaders.After all, prime ministers and presidents are also managers. They preside over cabinets – their…

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German healthcare in the postpandemic era: Physician insights

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 survey results also inspire optimism, however: most physicians believe the issues could be resolved with technology-enabled solutions, innovative organization designs,…

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Deconstructing silos to discover savings: The end-to-end excellence playbook for retailers

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 their operational problems with localized solutions, to limited effect. But if they want to protect their margins and gain a…

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  • Reading time:15 mins read
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Make Smarter Investments in Resilient Supply Chains

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 supply chain disruption and then paying little attention to the issue until the next crisis.This reactive way of protecting supply…

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Florida Teachers Union Fails to Upend Law on Dues and Recertification Requirements for Public-Sector Unions

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 for a jury trial the unions’ challenge regarding the prohibition on direct payroll dues deductions and assessments. Last year, following…

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Trump or Harris: Does it Matter for China?

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 little in common with American values. The rise of the PRC is a problem and a challenge for the United…

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5 ways to successfully adopt the gym mentality for business 

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 your business strategy, product or service to ensure business growth. Use positive, enabling language. Talk up the solution, not the…

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3 Essential Types Of Business Strategy & How To Apply Them

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.

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New Due Diligence Obligations for Corporates Enter into Force

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 of activities. In-scope companies will also be required to adopt and implement a climate transition plan. Companies in Scope The…

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In Search for an Accommodation. Iran’s Foreign Policy under Masoud Pezeshkian

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 President of the Islamic Republic of Iran. During the presidential champions, he emphasized that he would try to remove the…

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Second USCIS FY 2025 Cap Lottery: A New Opportunity for H-1B Applicants

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 specific specialty, or its equivalent. These specialty occupations span a wide range of industries. Why a Second Lottery? The second…

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Different School of Thought, Part V: U.S. Department of Education Attempts to Clarify Scope of Injunctions Barring Enforcement of 2024 Title IX Regulations

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 issued guidance specifying the states and schools subject to the enforcement injunction due to a student or parent’s membership in…

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Governor Pritzker Signs Amendment Limiting Damages To A Single Recovery

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 ILCS 14/ et seq.), particularly following the Illinois Supreme Court’s 2023 decision in Cothron v. White Castle System Inc., in which the Court…

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US banks’ commercial deposits are back on a path to growth

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 proceeds of maturing securities. It also started rapidly raising interest rates. Consequently, banks’ funding costs have risen, ratcheting up pressure…

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Generative AI: How will it affect the future of work in Australia?

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 company and employee level—not only in productivity but also in the quality of work. Top-down thinking will be critical for…

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  • Reading time:24 mins read
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Do You Really Need a Chief AI Officer?

Matt Chinworth/theispot.com In the rapidly evolving landscape of artificial intelligence, organizations are grappling with how best to harness its transformative power. Some are choosing to create a new senior management position with enterprisewide oversight of AI activities. In March 2024, for example, the Biden administration mandated that all U.S. federal agencies appoint a chief AI officer (CAIO) to oversee AI activities and minimize related risks. An August 2023 survey of…

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Purple Haze: LPA Mandate Poised to Continue Causing Confusion and Chaos for California Cannabis Licensees

It is not often that the government has the opportunity to regulate and oversee an entirely brand new market; and, in the case of California, when it legalized recreational cannabis for adult-use, it decided to mandate involvement of labor unions in the state’s emerging cannabis industry, through implementation of a Labor Peace Agreement (“LPA”) requirement. Because this fundamental choice by the state has posed headaches and dilemmas for licensees, cannabis…

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Employer Alert: Texas Reaches $1.4B Settlement Over Allegations of Violation of Biometric Information Privacy Law

Quick Hits Texas reached a $1.4 billion settlement with a social media company over technology that allegedly unlawfully captured the facial geometry of millions of users in the state. The settlement comes after a $650 million settlement for similar claims under Illinois law in 2021. The settlements point to a broader trend of increased scrutiny and enforcement of privacy laws concerning biometric information. On July 30, 2024, Texas Attorney General…

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Delivering on construction productivity is no longer optional

When it comes to creating a more sustainable future, the construction industry has a great role to play. On top of fulfilling critical economic and societal needs for offices, housing, hospitals, and infrastructure, the industry can help meet net-zero goals by 2050 by developing and executing the needed projects, including renewables, low-carbon activities, infrastructure, building insulation, and more.The construction industry could thus be on the brink of remarkable expansion: in…

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Historic fires trapped in Antarctic ice yield key information for climate models

Researchers from the University of Cambridge and the British Antarctic Survey tracked fire activity over the past 150 years by measuring carbon monoxide trapped in Antarctic ice. This gas is released, along with smoke and particulates, by wildfires, cooking and communal fires.The findings, reported in the Proceedings of the National Academy of Sciences, reveal that biomass burning has been more variable since the 1800s than had been thought. The new…

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Uncover the Ageism Hiding in Your Organization

Carolyn Geason-Beissel/MIT SMR | Getty Images Many companies have yet to tap into the growing “longevity economy” — the economic value of the over-50 population as consumers and workers. Businesses often overlook this demographic even though it holds about 80% of U.S. household wealth and is responsible for half of consumer spending.1 People who are 50-plus contribute $8.3 trillion annually to the U.S. economy, and that figure is expected to…

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Employers With 30 or More Employees in Minnesota Required to Provide Salary Ranges in Job Postings, Beginning in 2025

Quick Hits Effective January 1, 2025, all employers that have thirty or more employees in Minnesota will be required to provide salary ranges and a general description of benefits in job postings—seemingly, including Minnesota recruiting and staffing companies seeking workers to work for employers in other states. The law is silent as to general solicitations and positions with low base salaries but high potential commissions. Under Minn. Stat. 181.173, included…

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5 ways Copilot can help you start the school year

Microsoft Copilot can help you tackle many back-to-school tasks quickly and efficiently. Whether you need a starting point for a welcome back letter or enhancements to existing lesson plans, Copilot is ready to assist. As the new school year kicks off in many places across the northern hemisphere, hallways and classrooms buzz with the excitement of welcoming students back. Whether you’re beginning the new school year, starting a new term,…

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Savers are set to pay more than £10 billion in tax on interest – Here’s how to cut your bill

In the past few years, you’ve likely seen news stories about higher interest rates and how they might affect your finances. For example, if you’re a homeowner, you may have experienced a sharp increase in your monthly mortgage costs. Indeed, according to the Office for National Statistics (ONS), the average monthly cost of a new mortgage rose by 61% in the year to December 2022. Yet, while high interest rates…

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Turkish Challenge in Central Asia

Turkey has successfully promoted its own multilateral format, the Organisation of Turkic States, which has gradually grown from a platform for dialogue into a full-fledged organisation promoting close cooperation in a wide variety of areas. Turkey has set quite ambitious goals for itself — turning it into a Turkic-speaking analogue of the EU. Turkey seeks to implement the concept of “Great Turan”, uniting the Turkic peoples around itself under the…

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The key to accelerating AI development? Pragmatism plus imagination

While AI continues to influence the way we work in exciting new ways, it is crucial for organizations to apply guardrails to keep it safe. On this episode of The McKinsey Podcast, McKinsey senior partners Alexander Sukharevsky and Lareina Yee dig into new research on AI adoption, with editorial director Roberta Fusaro. In our second segment, how do you muster the courage to talk about something uncomfortable at work? Senior partner Sherina Ebrahim has two tips.…

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Author Talks: A transformational approach to leadership

In this edition of Author Talks, McKinsey Global Publishing’s Raju Narisetti speaks with McKinsey senior partners Dana Maor, Kurt Strovink, and Ramesh Srinivasan and senior partner emeritus Hans-Werner Kaas about their new book, The Journey of Leadership: How CEOs Learn to Lead from the Inside Out (Portfolio/Penguin Group, USA, September 2024). Through the lens of CEOs who have mastered invaluable leadership lessons and insights from McKinsey’s Bower Forum and other CEO…

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Advanced MRI scans help identify one in three concussion patients with ‘hidden disease’

Around one in 200 people in Europe every year will suffer concussion. In the UK, more than 1 million people attend Emergency Departments annually with a recent head injury. It is the most common form of brain injury worldwide.When a patient in the UK presents at an Emergency Department with head injury, they are assessed according to the NICE head injury guidelines. Depending on their symptoms, they may be referred…

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When Subordinates Sabotage You

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 Contrapower harassment, a seldom-discussed form of workplace harassment, turns traditional power dynamics on its head. This scenario, in which individuals with less authority target those in higher positions, challenges the notion that only those in power can be harassers and…

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Ninth Circuit Holds a Second Medical Opinion Is Not Necessary to Challenge an Employee’s Entitlement to FMLA Leave

Quick Hits In Perez v. Barrick Goldstrike Mines, Inc., the Ninth Circuit joined the Second, Fourth, Sixth, and Eighth Circuits in holding that an employer’s right to obtain a second opinion is permissive, not mandatory, under the FMLA. A jury may consider an employer’s nonmedical evidence in determining whether an employee had a “serious health condition” under the FMLA. Background In Perez v. Barrick Goldstrike Mines, Inc., the Ninth Circuit…

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AI Frontiers Lab: Collaborating to build technology responsibly

Microsoft Research is the research arm of Microsoft, pushing the frontier of computer science and related fields for the last 33 years. Our research team, alongside our policy and engineering teams, informs our approach to Responsible AI. One of our leading researchers is Ece Kamar, who runs the AI Frontiers lab within Microsoft Research. Ece has worked in different labs within the Microsoft Research ecosystem for the past 14 years…

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Leadership Lessons from the Vice Presidential Picks

This commentary originally appeared in Time. Having studied leadership across sectors for nearly a half century, I’ve found that power sharing at the top is often harder than delegation and execution down the hierarchy of command. Leadership partnerships across sectors that work well have a secret recipe—which Kamala Harris seemed to understand but which Donald Trump seems to have missed, given their recent selections of running mate. Barack Obama and…

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Building an engineering culture and resilient technology

The pace of change in technology has created many opportunities—and raised as many challenges. Overcoming the challenges to grasp the opportunities requires tools and processes that nurture an engineering culture, build stable foundations for resilient technology operations, and manage complex cloud costs. Driving this shift requires modern technology leaders to expand from their traditional role as “guardians of IT” to become closer partners with the business. So says David Pedreira,…

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BRP Cards Expiration and UKVI Account Factsheet – Action Required

In an effort to introduce a fully digital immigration system, the UK Government has announced that Biometric Residence Permits (BRP) and Biometric Residence Cards (BRC) will be phased out, and that as of January 1, 2025, they will no longer be in circulation. To address some concerns for employees and our clients, we have created the following Fact Sheet: All UK BRP/BRC cards have an expiration date of December 31,…

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Massachusetts Adopts Pay Transparency and Reporting Requirements

Quick Hits On July 31, 2024, Governor Maura Healey signed into law legislation requiring Massachusetts employers with twenty-five or more employees to disclose pay ranges. Employers with one hundred or more employees and subject to EEO-1 reporting obligations will be required to report aggregated wage data by race, ethnicity, sex, and job category annually as a supplement to the EEO-1 report to the state. Compliance failures could result in penalties…

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