McKinsey Quarterly

McKinsey Quarterly Companies around the world are cutting back their financial-incentive programs, but few have used other ways of inspiring talent. We think they should.

Read the essay, then share your thoughts by commenting below.

Source: www.mckinseyquarterly.com
The economic slump offers business leaders a chance to more effectively reward talented employees by emphasizing nonfinancial motivators rather than bonuses.
Bin Li
Bin Li
I'm disappointed to see the world strategic power house publishing a report on such a elusive, nonsense topic. Which incentives to use is dependent on different industries, business models, and most importantly the motivations or more plainly the greeds of individuals - be that benifits, experience, sense of belonging or autority etc. To say that ... Read MoreNFR should be used instead of FR we will just ingore the needs of employees, frastrate talens and discourage entrepreneurial spirits. And mind you, if you do want to take the root of NFR you probably don't need to consult Mckensie. Just ask someone from North Korea or the former Soviet Union, as I'm sure he will be much more experienced on the subject and demand significantly less FR than McKensie does!
Sat at 3:59pm
Anisha Verma
Anisha Verma
Some employees respond well to incentive/ reward and others respond to a different type.
However, my observation is that the younger employees especially young mothers respond more to extra time off while the more mature employees respond more to recognition and praise.

Overall a bland article, content not substantial enuf to justify the mckinsie.
5 hours ago
McKinsey Quarterly

McKinsey Quarterly When correctly planned and executed, a truly integrated multichannel strategy will help a retailer maximize its share of a customer’s wallet over time, and emerge from the current recession stronger and more rapidly than its peers.

Source: www.mckinseyquarterly.com
In a year of doom and gloom for retailers, the continued emergence of online sales has been a bright spot. Why then do so few companies get true multichannel retailing right?
Nancy
Nancy
Retail merchants need a strong point of view and vision in order to make sense of their value proposition. Presentation is all important. With bean counters and geeks running things, the merchandising gets lost.
Imagine an electronic flea market or a Madison Avenue boutique...
Mostly the experience gets lost in translation...and the stupid tabs on ... Read Morethe left and the stupid boxed in photos..the same on every site....
I want to get all caught up in the experience of it and you designers of retail websites just haven't made it happen for me online. Yet.
I am available for consulting if you have a retail web project that needs imagination and professional merchandising to change all that..
November 4 at 10:30pm
Farid Boudissa
Farid Boudissa
Well, the author's view is interesting, while a little optimistic.
Actors are not the same except for monopolistic Cies....
November 5 at 1:31am
McKinsey Quarterly

McKinsey Quarterly Today, Wal-Mart operates 260 outlets in China and employs more than 90,000 associates. And as China CEO Ed Chan explains in this video interview, Wal-Mart sees enormous potential for further growth in the region.

To read the full transcript, visit: http://www.mckinseyquarterly.com/links/36231

Dinh Bao Anh
Dinh Bao Anh
The Todd's questions are really good, but frankly Ed's answers are very generally in the sense that everybody knows and Wal-mart also knows.
November 4 at 7:24am
Pepe
Pepe
Wal-Mart in the U.S. considers Walmart.com as an important marketing channel. Probably they are developing in that way while they increase their footprint in the country.
November 4 at 9:03am
McKinsey Quarterly

McKinsey Quarterly Read what they have to say and then let us know what’s working in your
organization.

Source: www.mckinseyquarterly.com
Cutting costs equally across company units may seem fair, but it doesn't make strategic sense. The authors of this article argue that targeting cuts can leave room to build capabilities, too.
Claude EL Nakhel
Claude EL Nakhel
Risk based Process mapping is needed in order to identify so called duplicated activities within the different layers in the organization. Mapping should be done using innovative tools identifying risks and benefits, time and cost allocation...
November 3 at 11:38am
Ashish Bhardwaj
Ashish Bhardwaj
Well analysed article. I guess the easiest and fastest way to show figures is to cut cost while in mid term or long term this decision may fire back yet top executives choose to do this....cant blame them for having short term focus.
November 3 at 6:34pm
McKinsey Quarterly

McKinsey Quarterly Many of the most needed leadership styles, now and in the future, are those used more frequently by women than by men.

Source: www.mckinseyquarterly.com
Executives have markedly changed their leadership styles in the past year—but not their views on which ones will help companies most in the long term.
Whitney Zhan
Whitney Zhan
Besides the collaboration, the more important, I think, is that men and women know how to borrow some thoughts from each other and make those thoughts part of themselves. In each business, both "feminine" and "masculine" ways exist. A good leader knows when and how to get them work for him/herself and the company. Instead of bringing more women to the leadership, I value more on training up leaders to a fusion style.
October 31 at 8:53am
Gerald Jackson
Gerald Jackson
Whitney, I agree. I would add that we should focus on the application of these effective leadership styles and don't spend too much energy assigning techniques and skills to a particular gender.
October 31 at 5:28pm
McKinsey Quarterly

McKinsey Quarterly An interactive exhibit examines 12 types of collaboration efforts in the workplace and the tools required for these interactions to flourish.

Source: whatmatters.mckinseydigital.com
McKinsey authors James Manyika, Kara Sprague, and Lareina Yee explain how technology can improve collaboration among knowledge workers and make them more productive.
Priyank Chaturvedi
Priyank Chaturvedi
wonderfully crafted article!!!!!
October 29 at 11:14pm
Lalatendu Mishra
Lalatendu Mishra
Good article touching upon the missing points i.e. Workforce culture and/or attitude towards productive/constructive collaboration aiming for a collective wisdom; and the metrics to capture the benefits/improvements in the functioanl ecosystem.Agree that while technology has done its bit in providing the platform to collaborate, we the knowledge workers may introspect on those two points for leveraging the benefits for our own effectiveness resulting in a better professional life.
November 1 at 7:24pm
McKinsey Quarterly

McKinsey Quarterly Scott Griffith, CEO of Zipcar, describes the relationship between technology and his company’s innovative business model.

Source: whatmatters.mckinseydigital.com
Technologies such as high-speed Internet, mobile broadband and GPS are enabling new ways of providing value to customers.
Neo Eng Chye
Neo Eng Chye
I like the mission statement, “To enable simple and responsible urban living.”
October 29 at 7:05am
McKinsey Quarterly

McKinsey Quarterly Integrating sales forces ranks among the hardest parts of a merger to execute, but savvy companies embrace the opportunity to build a new sales organization that is more than the sum of its parts.

Source: www.mckinseyquarterly.com
Companies can seize the opportunity in mergers by involving employees and customers in the integration process, retaining critical staff, generating momentum by quickly winning key accounts, and serving the right customers in the right way.
Thomas Rector
Thomas Rector
Been there, done that. This is a good recap of what's important, tho its not groundbreaking in its analysis.
October 27 at 1:34pm
Hamza Nihal
Hamza Nihal
Yeah my thoughts exactly Thomas
October 28 at 12:49am
McKinsey Quarterly
China's economy grew at 8.9 percent in the third quarter, underscoring its resilience and the effectiveness of government stimulus efforts. The government also said retail sales grew, indicating that efforts to encourage consumer spending may be taking root...
Carmen Wong
Carmen Wong
The median and the starting salary for the chinese graduates might not change a lot. But the higer level of the managment level in MNCs in china definitely have higher percentage in 2009 compared to 1999.
October 25 at 7:27am
McKinsey Quarterly

McKinsey Quarterly Despite falling component costs, intense competition can restrain price increases, and rapid obsolescence often makes it necessary to discount all but the very newest products. The result? An industry-wide average profit margin in the low single digits at best and negative at worst.

Source: www.mckinseyquarterly.com
Most people don’t use advanced—and expensive—new features. There may be a better way for companies and consumers alike.
Aalok Pandey
Aalok Pandey
the arrival of new age consumptive competition. :)
October 23 at 4:11am
McKinsey Quarterly
Jacques Bughin, the author of “What shape will the wireless Web take?” responds to your comments.In the recent conversation starter, “What shape will the wireless Web take,” I raised six questions regarding the future of the wireless Web. While ...
Khizar Murad
Khizar Murad
Mobile has the freedome. Wire ties u down.
October 22 at 9:23am
McKinsey Quarterly

McKinsey Quarterly Today, boards are probably underreacting to the stresses—and opportunities—of economic turmoil. Boards need to work harder to assess their performance thoroughly and honestly, and to figure out what they must change and how urgently they must change it.

Source: www.mckinseyquarterly.com
Boards should view the current crisis as an opportunity to review the way they function. A healthy self-assessment can go a long way toward improving a company’s performance.
Nicola Stevens
Nicola Stevens
At least Boards are understanding the concept of lifelong learning so they are more informed to make better decisions in changing and uncertain times.
October 21 at 2:56am
McKinsey Quarterly

McKinsey Quarterly Stephen Roach, chairman of Morgan Stanley Asia and author of The Next Asia: Opportunities and Challenges for a New Globalization, explains how the next two decades will bring dramatic changes to the region.

To read the transcript, visit:
http://www.mckinseyquarterly.com/links/36003

S.r.
S.r.
India has a unique economic riddle to solve here - Micro economic consumerism to shadow-force Macro-economic reform structure for effective growth...!!!. Maybe the tail must finally shake up the elephant. :)
October 21 at 2:22am
Albert
Albert
It's a symbiotic relationship. The over the hill Americans are in the last stage. I would not put the Europeans in the same boat as the Americans. "The West's unbridled consumption", got China and India the vital break they needed to carry the baton for the next decade. Now India has already developed a form of government "of the people and by the... Read More people"which China has yet to transition to. Will that derail the Republic? Only the future will tell. I see no leadership from either China, India, Russia, or Brazil.
October 21 at 9:35am