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The Latest Breaking News from McKinsey

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

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.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

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.

Tribune News Service

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.

Roll Call

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."

Fortune

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…

The Conversation

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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.

Fortune

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

The Independent UK

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.

ABC News

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.

Fortune

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.

Bangkok Post

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

The Guardian - UK

CFO as a service: This company offers C-suite talent a new way to work

When founders and CFOs need help, they can hire one of Paro’s thousands of remote finance professionals.

Fortune

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The Conversation

ChatGPT: how to prevent it becoming a nightmare for professional writers

Nearly half of white-collar professionals have tried using ChatGPT to help with their work, according to a recent survey of more than 10,000 people at blue chips such as Google, JP Morgan and McKinsey. That’s staggering, considering the AI chatbot was only released to the public in November. It’s potentially…

Fortune

The Black tech talent gap could become wider in next decade

Black representation in tech will stall without intervention, according to a McKinsey report.

Evening Standard

City monopolies: Back-covering is hurting entrepreneurs in the Square Mile

City Voices: Big name inertia when picking advisers needs to be challenged

The Times of India

McKinsey to cut about 2,000 jobs in one of its biggest headcount reductions

McKinsey Co plans to eliminate about 2,000 jobs, one of the consulting giant’s biggest rounds of cuts ever.

Get all your
news in one place.

100's of premium titles.
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Fortune

Return-to-office mandates threaten corporate diversity goals

Remote work made it easier to hire Black workers, most of whom live outside corporate hubs like New York City and San Francisco. A return to the office could undo those gains.

Fortune

Secrets of a fractional CFO

In just a day or two each week, fractional CFOs can move the needle at companies.

The Guardian - UK

The Big Con by Mariana Mazzucato and Rosie Collington review – how consultancy firms cash in

From Puerto Rico’s bankruptcy to Britain’s Covid contracts, the private firms taking over public life

Financial Times

Mariana Mazzucato: ‘The McKinseys and the Deloittes have no expertise in the areas that they’re advising in’

The economist argues that consultants are hobbling the state’s ability to perform the role of economic motor

Fortune

How McKinsey reached over 150,000 job candidates using a video game

McKinsey is throwing out its old recruiting playbook and seeking new sources for talent.

Fortune

Middle managers embrace wokeness because it increases their influence and job security, new paper says

“Woke” culture could be costing companies, the authors say.

The Guardian - AU

Dominic Perrottet defends appointment of Liberal donor brother of Angus Taylor to NSW body

Exclusive: Party treasurer Charlie Taylor has attended fundraisers hosted by the minister who appointed him

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