It all started with the release of the industry’s first Web browser more than 25 years ago. The series features... Watch our collection of videos featuring perspectives from CEOs, leading industry experts, and authors. Insights on how organizations can respond, and what happens next. Karel Bosse ABN AMRO’s program director of IT transformation. People create and sustain change. -. McKinsey Quarterly. Go behind the scenes and get more insights with “Harry Robinson: How companies must transform for success in The Next Normal” from our New at McKinsey blog. Use minimal essential Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. True transformation—the kind that alters the way a business operates on a cellular level—is what’s needed in today’s uncertain climate. Article Reducing lapses in healthcare coverage in the Individual and Medicaid markets. Contact us to inquire about our work in transformation. If you would like information about this content we will be happy to work with you. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Interview - McKinsey Quarterly Why a cut-and-paste approach to digital transformation won’t cut it: An interview with the founder of Biocon December 2, 2020 – Asian companies can reap many benefits if they not only embrace but also truly understand digital innovation, says Kiran Mazumdar-Shaw. For Johnson Controls, Oliver says transformation and growth was only possible when there was alignment on the fundamentals. Please use UP and DOWN arrow keys to review autocomplete results. After years of McKinsey research on organizational transformations, 1 the results from our latest McKinsey Global Survey on the topic confirm a long-standing trend: few executives say their companies’ transformations succeed. Learn about For George Oliver, chairman and CEO of Johnson Controls, a building technology and solutions company, the transformation challenge was as clear as it was big: Make the 2016 merger of Johnson Controls and Tyco more cohesive, with a unified strategy and a leadership team all moving in lockstep. But a focus on communicating, leading by example, engaging employees, and continuously improving can triple the odds of success. Twitter. Our flagship business publication has been defining and informing the senior-management agenda since 1964. For instance, part of the OpenBlue platform uses cameras that can scan multiple people as they enter a building to detect if any of them have an elevated temperature, one of the biggest indicators of infection. - McKinsey Global Institute, Interview Oliver says transparency and open, honest communication—even the tough and not-so-pleasant news—was part of his vision for Johnson Controls from the moment he took over. And because Johnson Controls stretched and made those investments early on, it’s been able to respond to the Covid-19 crisis in a more robust way. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. But there are companies out there truly undergoing transformations that are creating a sense of urgency, resiliency and momentum to deliver real and sustainable results. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. It started with making sure the company had the right leadership in every line of business, but Oliver says it was more expansive than that. Press enter to select and open the results on a new page. We use cookies essential for this site to function well. Article The … Évident pour certains. “I don’t think any leader has all the answers, but it is our responsibility if we’re going to embark on a transformation to have some guideposts for what the vision looks like, and to grow that vision over time,” she says. McKinsey research shows that more than 40 percent of a successful transformation’s value comes from growth initiatives—not cost cutting, layoffs or other slash-and-burn strategies. Required fields are marked with an asterisk (*). Enterprise-wide performance lift. Most transformations fail. Welcome to the McKinsey Podcast, a business and management podcast featuring conversations with leading experts. hereLearn more about cookies, Opens in new Please note: while we appreciate your questions, we are unable to respond to all inquiries. “If we didn’t make the big changes we needed to at the beginning, I don’t know that we’d be in the good position we are today,” Oliver says. Most transformations fail. A recent piece by McKinsey Global Institute (MGI) takes a look back at how life has changed since the “commercial internet” emerged. That’s because if business models and mindsets don’t shift, those costs will just creep back. “People had been doing their jobs for years, but no one had been asking them what their ideas were or how things could be better,” Oliver adds. Learn more about cookies, Opens in new tab. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Our flagship business publication has been defining and informing the senior-management agenda since 1964. How can companies overcome the odds and achieve long-term success with an organization-wide transformation? Work mckinsey transformation insights from acute crisis and liquidity management to digital, analytics deep-dives. We needed to work with you “ Throughout this transformation, speed your... 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