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The Nine Traits of Future-Ready Companies: McKinsey
The rollout of COVID-19 vaccines has executives everywhere hopeful for the pandemic’s end. Some are now asking how their companies might emerge stronger—making permanent the survival-mode improvements that brought speed, flexibility, and purpose while avoiding bureaucracy.
Our research finds that achieving these aims requires embodying nine characteristics that collectively describe who the organisation is, how it operates, and how it grows. Start here to help your organisation thrive in an increasingly winner-take-all world.
The first two characteristics are:
Purpose is our “must have” and
Our value agenda is clear.
To see the remaining seven, click on the button below.
Trends for the next normal: McKinsey
2021 will be the year of transition. Barring any unexpected catastrophes, individuals, businesses, and society can start to look forward to shaping their futures rather than just grinding through the present. The next normal is going to be different. It will not mean going back to the conditions that prevailed in 2019. Indeed, just as the terms “prewar” and “postwar” are commonly used to describe the 20th century, generations to come will likely discuss the pre-COVID-19 and post-COVID-19 eras.
“The crisis sparks a wave of innovation and launches a generation of entrepreneurs.
“The future of work arrives ahead of schedule”
Top 10 Trends for 2021
2020 was a year unlike any other. As we look ahead to 2021, it’s important for leaders to have foresight, and to be able to see things not just as they are, but as they will be. So, what can we expect to see and change in the year ahead?
Top three trends identified are:
Rise of the regions
The return to local
Business Disruption and COVID-19 Recovery: McKinsey
Speed has been a fundamental characteristic of the COVID-19 pandemic—the virus hit fast, much of the world went into lockdown and businesses reacted rapidly. For companies to achieve long-term resilience, it is imperative for them to ensure that the speed they successfully unlocked during the pandemic remains sustainable in the future. To do this, organizations will need to take into account not only potential strains on capacity but also the mental health of their workforce and the burnout often experienced by employees. To prepare, businesses need to ask and answer five questions.
What are those questions? Click on the link to read more.
How companies capture the value of sustainability:
Survey findings – McKinsey Sustainability
Results from a recent McKinsey Global Survey show that companies which generate value from their sustainability programs follow a distinctive set of management practices. Survey results suggest these companies are more likely to:
Make sustainability a strategic priority and set out specific aspirations and targets.
Make sustainability an element of their corporate culture and train employees on how to integrate sustainability into their work.
Engage customers and business partners in their sustainability agendas.
Report that sustainability issues inform how their company manages its facilities and its transportation networks.
Getting Real – Australian Institute of Company Directors
The enormous mind shift that has taken place regarding environmental, social and governance issues (ESG) is one of the outstanding positive changes to come out of the global pandemic.
The year 2020 offered a reminder of what we value — “sustainability, solidarity, fairness and resilience” — which makes it easier to pursue ambitious goals for people and our planet,
said former Bank of England governor Mark Carney, who now serves as the UN Special Envoy on Climate Action and Finance.
To read more about the strategies companies and organisations are using to address and report on ESG click here.