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McKinsey Quarterly
12/07/2016 at 20:31. Facebook
“In LEO Innovation Lab, we have an innovation process that runs within 100 days—100 days from the point we have an idea to the moment we have a solution on the market.” LEO Pharma wants to become the world’s leading company for people with skin diseases. [ Bit.ly Link ]

Being patient-centric in a digitizing world

McKinsey Quarterly
12/06/2016 at 19:21. Facebook
"We worked with a senior team at Apple, with IBM, and at Citi to develop the first banking app for the watch. We did it all in 120 days." [ Bit.ly Link ]

Rewiring Citi for the digital age

Migrants are only 3.4% of the world's population but contribute 9.4% of global GDP. Read McKinsey Global Institute's groundbreaking new report: [ Bit.ly Link ]

Global migration’s impact and opportunity

A consumer-company CEO will need an agile development process to successfully target the growing but fragmented elderly population. Listen to our latest podcast: Android [ Bit.ly Link ] and iTunes [ Apple.co Link ]
Why do transformations fail? Average companies rarely have the combination of skills, mind-sets, and ongoing commitment needed to pull off a large-scale transformation. [ Bit.ly Link ]
In our latest podcast, McKinsey partner Santiago Comella-Dorda and master expert Gerard Speksnijder talk about how IT functions in large, complex companies can work to become more agile by better mimicking the actions taken by start-ups and digital-native organizations. Download it here: Android [ Bit.ly Link ] and iTunes [ Apple.co Link ]
Leaders of reorganizations typically fall into one of two traps when communicating with their employees: "wait and see" or "ivory-tower idealism." In both cases, employees will still assume the reorganization is about job losses. Here is a step-by-step approach to frequent, clear and engaging communication: [ Bit.ly Link ]

Reorganization without tears

An incremental approach to reducing general and administrative (G&A) expenses can be a recipe for failure, our research shows. Companies that trimmed G&A by more than 20 percent in the first year of an initiative were four times more likely to have long-term success than those organizations that were more steady in their reductions. [ Bit.ly Link ]

Can you achieve and sustain G&A cost reductions?

"Even after roughly 30 years of applying lean principles across the entire value chain, there is still a tremendous amount of waste that we can capture," says partner Eric Hannon. He and senior partner Clarisse Magnin discuss how companies can benefit from the circular economy: Android [ Bit.ly Link ] and iTunes [ Apple.co Link ]
We surveyed buyers and frequent users of shared-mobility services across China, Germany and the US and found that they are not only willing to share personal data but would also pay for numerous data-enabled features. [ Bit.ly Link ]
Companies in all sectors need to brace for a new wave of disruption in commodities. Technologies, many having little to do with resources on the surface, are combining in new ways to transform the supply-and-demand equation for resources. Here's how to win the resource revolution: [ Bit.ly Link ]
How do you make data analytics work for you? Best-in-class companies use the OODA loop to continually test their assumptions, processing new information more accurately and reacting to situations more quickly. Learn more about our eight principles: [ Bit.ly Link ]
Advanced data analytics is a means to an end. It’s a discriminating tool to identify, and then implement, an answer. That means the CEO and other top executives must be able to clearly articulate its purpose and then translate it into action—not just in an analytics department, but throughout the organization where the insights will be used. [ Bit.ly Link ]

Making data analytics work for you--instead of the other way around

"The problem for the CEO is how do you reward your employees for performance when you cannot observe inputs directly?" says Eric Maskin, Nobel laureate and Harvard professor. He and Eyal Winter, a leading behavioral economist, discuss everything from following your gut to mechanisms that encourage collaboration and foster innovation. [ Bit.ly Link ]

Leadership and behavior: Mastering the mechanics of reason and emotion

When Kone entered China’s elevator market, in 1996, the Finnish multinational was embarking on a journey of extraordinary growth. Today, the country provides around 35 percent of Kone’s annual revenue, which in 2015 hit €8.6 billion.

In this interview, Bill Johnson, the company's China head, shared his thoughts on China’s next phase of development, on the growth of services, and on the...
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Coping with China’s slowdown

When can you trust your gut? Check out two classic articles about harnessing your instincts: [ Bit.ly Link ]

McKinsey Classics: How to make better decisions

When should you take a stand? Take inspiration from Joe Sutter, the "father of the 747," who passed away last week. McKinsey Quarterly editor-in-chief Allen Webb reflects: [ Bit.ly Link ]

Willing to be fired

In this interview with McKinsey’s Rik Kirkland, Adam Grant, professor of management and of psychology at the Wharton School, University of Pennsylvania, discusses six practical secrets to being more original. [ Bit.ly Link ]

Want to know what CEOs are reading? Our list of books recommended by corporate leaders from around the world spans everything from fiction to nonfiction and classics to newcomers. [ Bit.ly Link ]