We talk with McKinsey partners and corporate executives on the challenges they face creating lasting strategies in a fast-changing world. We also examine the different ways these executives approach these challenges and the new and innovative ways they think of creating a vision for their enterprises.
The board’s role during crisis and beyond
McKinsey senior partner Celia Huber, who leads our board services work in North America, talks with three seasoned board directors about the role boards are playing in guiding their companies toward recovery from the COVID-19 crisis. Nora Aufreiter sits on the board of Scotiabank, supermarket operator Kroger, and real estate developer Cadillac Fairview, as well as a Toronto hospital. Peter Bissonis an independent director on the boards of HR services company ADP and research firm Gartner and Margaret (Peggy) Mulligan serves on the boards of Canadian Western Bank and mining company New Gold. The panel discussion was hosted by Canada’s Institute of Corporate Directors.
Budget planning for 2021
Budgeting for the coming calendar year entails unique challenges, given the uncertainty about the pandemic’s continuing impact. In this episode, Ankur Agrawal, Christian Grube, Matthew Maloney, and Ishaan Seth, all co-authors of the McKinsey.com article, “Memo to the CFO: A new approach to 2021 budgeting starts now,”discuss how CFOs and other business leaders should adapt their budget process for the uncertain times. They were joined by Steven M. Sterin, an independent director on the boards of DuPont and Kosmos Energy, who is the former CFO of two Fortune 500 companies: Endeavor (now a part of Marathon) and Celanese.
Building a great digital business
In recent months, many companies have rushed to build digital businesses to overcome pandemic-induced disruptions and address shifts in customer behavior. In this episode, we explore how to develop a digital offering quickly and effectively despite ongoing economic uncertainty.
Laxman Narasimhan, CEO of Reckitt Benckiser, on corporate purpose during a crisis
Senior partner Celia Huber speaks with Laxman Narasimhan, the CEO of Reckitt Benckiser. The UK-based global consumer-goods company focuses on products in health, hygiene, and nutrition categories, some of which saw massive demand spikes during the height of the pandemic. Before joining the company, Narasimhan held various senior roles at PepsiCo, most recently that of global chief commercial officer. He is also a former McKinsey senior partner. In this interview, recorded in early July, he shares his perspective on maintaining resilience through the COVID-19 crisis, staying connected while working remotely, and how the company’s purpose helped it navigate the pandemic.
The committed innovator: An interview with Salesforce’s Simon Mulcahy
In this episode Simon Mulcahy, Salesforce’s executive vice president and chief innovation officer, discusses the ways the COVID-19 crisis has reshaped the sales function, and how Salesforce orchestrates innovation inside the company and with customers.
Purpose and the future for capitalism
We hear from two award-winning American economists about how capitalism and corporate purpose could evolve to more broadly benefit society, especially in this current time of crisis. Yuval Atsmon, a senior partner in our London office, spoke with professor Anne Case and Nobel prize winner, Angus Deaton, about their new book, ‘Deaths of Despair and the Future of Capitalism’. Their book, which has been short-listed for the 2020 Financial Times and McKinsey Business Book of the Year, highlights the social and economic forces negatively impacting the working class, which they argue fosters inequality and undermines society.