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Speed is a true superpower for any company and the only way to be prepared for a world of rapid change. McKinsey research shows that, compared with peers in slow-moving companies, leaders in fast-moving organizations report 2.1 times higher operational resilience, 2.5 times higher financial performance, 3.0 times higher growth, and 4.8 times higher innovation. https://lnkd.in/ezvksbUj

Too many emerging trends, so which ones should you focus on as a consultant? We've compiled a list of the most common and widely cited trends in consulting for 2024, drawing insights from sources such as AlphaSense, McKinsey, PwC, and more. Which one were you surprised to see make it to the list?

Leading companies don’t just outgrow their peers—they out-innovate them as well. Check out the latest edition of the McKinsey Quarterly Five Fifty to learn why innovative growth matters💡https://mck.co/47Pn1f9

A new McKinsey survey emphasizes the importance of prioritizing long-term value creation over short-term profits. Organizations focusing on long-term value are nearly two times more likely to outperform competitors on growth and return on capital. Bold resource allocations over extended periods drive spectacular growth stories, highlighting the significance of committing to long-term strategies. To read the full article, Googling "Tying short-term decisions to long-term strategy".

When it comes to making strategic decisions, leveraging deep industry knowledge and benchmarks is paramount. Research by McKinsey & Company indicates that companies that use benchmarks to inform their strategies achieve 28% higher returns on investment than those that do not. This underscores the importance of contextual understanding in driving business success. By incorporating relevant industry data and benchmarks into strategic planning, we can gain valuable insights into market trends, competitor performance, and emerging opportunities. This enables us to make more informed decisions that are aligned with industry best practices and tailored to our unique circumstances. As a result, we can better position our organizations for growth and competitive advantage. Leave a comment down below and let’s discuss! Together, we can uncover valuable insights, identify growth opportunities, and chart a course for your organization's success. #competitiveadvantage #industryknowledge #growthopportunities

Our latest McKinsey Global Survey confirms that companies that actively reallocate resources to the most promising growth opportunities outperform those that don’t. The results suggest that better approaches in these four areas—governance, processes, analytics, and decision making—can position companies for better long-term performance. For example, engaging in rigorous debate can help teams overcome decision making biases like groupthink when it comes to making "big bet" resource allocation decisions. https://mck.co/4bQcO4b #Strategy #Growth

If you want to stay ahead, stay relevant. Don't settle with the skills that you currently have. Develop skills that will help you navigate the future of work. You're never to young or old to do that. I was 45 when I learned website design, 47 when I learned digital marketing, and now that I'm 50, I enjoy exploring more about artificial intelligence and using it in the line of work I do. Take responsibility for your own learning and development. #skillsdevelopment #inspiringtrainersph

Our latest McKinsey Global Survey confirms that companies that actively reallocate resources to the most promising growth opportunities outperform those that don’t. The results suggest that better approaches in these four areas—governance, processes, analytics, and decision making—can position companies for better long-term performance. For example, engaging in rigorous debate can help teams successfully overcome decision making biases like groupthink when making "big bet" resource allocation decisions. https://lnkd.in/eHxp8wqv #Strategy #Growth

Advanced-industries companies that enter adjacent markets can outgrow and outperform their peers if they have the correct value creation logic. Here are four approaches from my McKinsey & Company colleagues showing how to find growth beyond the core: https://lnkd.in/dXcKshy3

Advanced-industries companies that enter adjacent markets can outgrow and outperform their peers if they have the correct value creation logic. Here are four approaches from my McKinsey & Company colleagues showing how to find growth beyond the core: https://lnkd.in/gzapXzTS