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.
Collaborations between corporates and start-ups
Misconceptions abound about what corporations and start-ups should expect from their partnerships on innovation projects. Yet these collaborations are growing in importance as companies of all sizes try to rapidly respond to shifts in the marketplace, as our recent article highlights. In this episode of the Inside the Strategy Room podcast, Miao Wang, a leader in McKinsey’s innovation practice, is joined by Tawanda Sibanda, a partner with Leap by McKinsey, which helps established organizations build and scale new businesses, and Tobias Henz, who focuses on bringing corporates and start-ups together around digitization and data, to discuss ways to improve the odds of success of such partnerships.
The CEO’s new technology agenda
In the past, top business leaders tended to delegate technology and IT priorities to specialists, but that is rapidly changing.
In this episode of the Inside the Strategy Room podcast, two McKinsey experts, who recently published an article on the topic, explain why technological investments must now be part of strategic planning at the highest corporate levels. Krish Krishnakanthan is a leader in McKinsey’s application maintenance and development work across North America, focusing on the high-tech and financial services sectors, and Gayatri Shenai helps clients drive transformative change at the intersection of strategy, digital, and operations.
Business priorities in the post-pandemic era
John Waldron, President and Chief Operating Officer of Goldman Sachs, joins McKinsey Global Managing Partner, Kevin Sneader, and Senior Partner, Carolyn Dewar to discuss the state of business globally, the growing optimism about the economic recovery, and the numerous other forces driving the recent rapid uptick in M&A activity.
A transcript of this podcast will soon be available on the Inside the Strategy Room podcast collection page on McKinsey.com, where you can also easily explore, filter, and search our library of nearly 50 previous episodes.
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Moving from cash preservation to cash excellence
In the early days of the pandemic, preserving cash was a matter of survival for many companies. The sudden need for liquidity highlighted the critical importance of prudent cash management and inspired business leaders to raise the bar on their cash practices. Cash liquidity is now at the top of the vast majority of CFO and c-suite agendas.
Three finance experts joined us to discuss best practices in cash management. Christian Grube leads our CFO finance practice in Germany and serves clients in the automotive, health care, and manufacturing industries on a broad range of CFO topics.
Sun-You Park - an associate partner in our London office and a core member of our practice in Europe. She leads our cash service line in EMEA, and her client work is focused on cash and transformation topics across the energy, natural resources, and advanced industrials sectors.
Sun-You and Christian recently co-authored an article on cash excellence, which you can find on McKinsey dot com by searching for “Moving from cash preservation to cash excellence for the next normal”.
We are also joined by Hugo Bague. Hugo most recently was group executive of organizational resources at Rio Tinto and is now a senior advisor to McKinsey. He has more than 25 years of experience in senior leadership roles in human resources and support functions, driving HR transformations, complex merger integrations, and cost and support function transformations.
Boards and decision making
Today we tackle the topic of decision making in the boardroom. What has the pandemic taught board directors about making high-consequence, low-probability decisions?
You’ll hear Frithjof Lund, the leader of our board services work, leading a discussion with three experts. Aaron De Smet, who helps organizations improve their performance and agility, and senior expert Leigh Weiss are co-authors of a recent article about decision making in uncertain times. Suzanne Nimocks is a director on the boards of ArcelorMittal, Owens Corning, Ovintiv (formerly Encana) and Valaris (formerly Ensco Rowan), as well as a former senior McKinsey partner. We hope you enjoy the discussion.
The committed innovator: A conversation with board director Ireena Vittal. Part 2
This is the second part of Erik Roth’s interview with Ireena Vittal. In the first part of their conversation, they discussed the importance of taking a very granular approach to markets in developing countries, the constraints emerging economies place on business models, and the unique role ecosystems play. In this episode, Erik and Ireena dive into the importance of pegging capital investments to the realities of emerging economies and discuss some of the most exciting areas of innovation in those markets, including some fascinating initiatives in the public sector. We hope you enjoy this second part of their discussion.