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The Latest Breaking News from McKinsey

How will AI affect workers? Tech waves of the past show how unpredictable the path can be

The explosion of interest in artificial intelligence has drawn attention not only to the astonishing capacity of algorithms to mimic humans but to the reality that these algorithms could displace many humans in their jobs. The economic and societal consequences could be nothing short of dramatic.

The Conversation

How can CFOs have a 'growth mindset' during uncertain times? Finance chiefs at Adobe, e.l.f. Beauty, TD Bank and a McKinsey expert explain

"Not being afraid to take risks is a big part of a growth mindset," Mandy Fields, SVP and CFO at e.l.f. Beauty said.

Fortune

Why you should advertise turnover to attract talent

A recent study finds applicants respond positively to employers that advertise short-term gains in job postings.

Fortune

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Robotaxis will lead to drop in use of private cars

Privately owned vehicles will make up a smaller and smaller share of global transportation as autonomous vehicles become more feasible and cities fight overcrowding, according to new research.

Axios

Should Investors Bet on Accenture’s $3 Billion AI Gamble?

Consulting firm Accenture is spending $3 billion over the next three years integrating artificial intelligence into its business. It’s a gamble that’s likely to pay off for its shareholders.

Barchart

On Soft Ambition

Maybe you’re over hustle culture. Maybe you’re done never saying no. Okay, but first: Can we tell you about a side of the buzzy character trait that no one is talking about?

Marie Claire

Indonesia has strode ahead in digital banking: how can Thailand do the same?

Digital banking is at a crossroads in Thailand. A small but not insignificant part of Thailand’s population is underserved by banks—as of 2021, research shows that banking penetration stands at 85 percent. Digital adoption in Thailand is high, with smartphones seeing 106 percent penetration and digital banking being used by…

Bangkok Post

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Hell’s consultants | Are consultancy firms more a liability than an asset?

Amidst massive lay-offs by the consultancy industry, Amazon Prime Video’s show is timely

The Hindu

3 resources for CEOs unsure where to start with ChatGPT

The technology promises to be as revolutionary as the PC—but is daunting at first.

Fortune

Oat milk is everywhere. Why is it still so expensive?

Plant-based milk has seen a surge in popularity in the past decade. But the high prices are driving some back to dairy

The Guardian - US

May I have a final word about… onboarding

While US firms look to recruit, I’m heading in the opposite direction

The Guardian - UK

Talent strategy for new businesses

Building new businesses -- or corporate ventures -- is increasingly critical for growth. Not only is the creation of new products and services a defining aspect of many leading companies, it is also a means to address fast-shifting customer demands, sustainability challenges and technological disruption.

Bangkok Post

Where AI Can Save Businesses the Most Money

Although there are concerns about AI, it could also help businesses work more effectively, especially in certain industries.

Kiplinger

The Guardian view on management consultants: overused, underperforming

Editorial: The omnipresence of consultancies is harming public services, while creating lucrative opportunities for private profit

The Guardian - UK

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Fortune

America’s ‘disease burden’ is getting heavier by the day–and it’s unevenly distributed across states

The U.S. could reduce its disease burden by as much as 30% by applying known practices and interventions.

Tribune News Service

Amid technology worries, farm sector still eyes its potential

WASHINGTON — If GPS-guided tractors led the previous revolution in agriculture, the next generation of farming is likely to be marked by unmanned drones with onboard sensors that can spot weeds and decide when and how much herbicide to spray to control their growth.

Roll Call

Amid technology worries, farm sector still eyes its potential - Roll Call

Far from fretting over the downside of technology, the agriculture sector is still eyeing its potential, and waiting for it to reach them.

Fortune

Future of Finance: EY’s Brody on why tech history shows ‘there can be only one winning blockchain’

From wireless data to 3D printing to IoT, Paul Brody says he's always been "very driven by intellectual curiosity."

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The Conversation

Corporate management: Women are losing ground and need to be more strategic, but the culture must also change

Management consulting firm McKinsey recently released its eighth study on the advancement of women in the corporate world (Women in the Workplace 2022). Although it focuses on large U.S. companies, many of its findings point to a future where women’s representation in senior management positions will become increasingly rare, and…

Fortune

The top 3 initiatives your CEO wants to see in your talent strategy

When it comes to talent strategy, CEOs are focused on performance, productivity, and reducing spending in 2023.

The Independent UK

From the ‘great break up’ to the ‘great make up’

IWG’s Chief Commercial Officer Fatima Koning on why so many women are leaving senior leadership positions - and what firms can do about it

ABC News

Governments are increasingly reliant on consulting firms. Critics says it's often to their detriment

Critics say governments are outsourcing their own knowledge and activities to consulting firms, yet these firms aren't held to the same standards as the public sector.

Fortune

Middle managers spend the bulk of their time on non-managerial tasks

A recent McKinsey & Company survey finds managers spend only about a quarter of their time managing employees.

Bangkok Post

Consultancy 'warp' drive deepens crisis of capitalism

In recent years, McKinsey & Company has become a household name -- but for all the wrong reasons. One of the "Big Three" consulting firms, its work for major corporations and governments has increasingly become a source of scandal and intrigue around the world.

The Guardian - UK

Who Gets Believed? by Dina Nayeri review – the Kafkaesque ordeal faced by refugees

The author uses her first-hand experience of migration to examine the flaws and hypocrisies of the asylum system

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