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The Latest Breaking News from McKinsey

When it comes to creative thinking, it’s clear that AI systems mean business

The chatbot GPT-4 has produced more viable commercial ideas more efficiently and more cheaply than US university students

The Guardian - UK

The COO role is making a comeback—but the twist is that its often finance chiefs taking on the role as ‘CFO plus’

Some of what used to be managed by a COO has drifted into the CFO’s purview.

Fortune

Boeing is letting top execs work in small offices near their homes and commute by private jet rather than relocate to new HQ

Top brass at the aerospace giants are seemingly given special treatment when it comes to any return-to-office policy.

Fortune

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Leaders like David Zaslav show there's a dark side to 'managing up'

Managing up can be healthy, but the toxic version can hurt trust and innovation. Safeguarding against the downward spiral that it creates demands adding checks and balances within the system.

Fortune

Why current-generation AI is 'mostly crap,' but still came along at the ‘perfect time’ to save the flatlining economy, according to a boutique VC firm

SK Ventures’ Paul Kedrosky and Eric Norlin think the “first wave” of A.I. began in 2017 and is ending now. They have a big prediction for what’s next.

Fortune

Stitch Fix shows limits of consulting-to-CEO pipeline

Consultants can make good CEOs—with some operational training first.

Fortune

Boards love CEO candidates with consulting experience—but there’s a catch

Fortune 500 companies are filled with CEOs who have consulting experience, but they also have other roles before they take the top job.

Fortune

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Mette Lykke took 3 major risks to become a CEO

Quitting her McKinsey job was the first step.

Fortune

Too Good To Go CEO's break came by quitting consulting without a plan

The Danish self-starter convinced her McKinsey colleagues to toss in the towel on their consultancy careers and launch a business together in 2007. Now she’s the CEO of the fastest-growing sustainable food app.

Fortune

The NFL’s Washington Commanders has a new CFO. Here’s his fall checklist

A high-stakes issues expert weighs in on what Craig Fischer must do inside the organization.

Fortune

Will generative A.I. be good for U.S. workers?

Yes, if it is managed right.

Fortune

Meet your new bartender: a teen

At least nine states in the U.S. have introduced bills to lower the alcohol service age since 2021.

Fortune

Unconventional luxury brand collaborations are everywhere. What is the appeal?

In 2017, Louis Vuitton caused a stir in the luxury industry by partnering with the New York skateboarding brand Supreme.

The Conversation

12 Million US Workers May Need To Switch Jobs By 2030 Due To AI: Study

By 2030, generative AI is projected to significantly disrupt the U.S. Workforce

Zenger

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Fortune

The winners and losers of the new A.I. job market, as predicted by McKinsey

Workers in customer-facing roles and low-wage positions are more likely to need to switch jobs.

Fortune

Generative A.I. will upend the workforce, McKinsey says, forcing 12 million job switches and automating away 30% of hours worked in the U.S. economy by 2030

It won’t cause long-term job losses, McKinsey says—instead it will lead to a wholesale redistribution of the workforce.

Investors Business Daily

What The Generative AI Boom Means For Your Job, The Economy And The S&P 500

The rapid adoption of generative AI points to a productivity boom in the near future. What does that mean for your job, the economy and the stock market?

Fortune

Your middle managers are more valuable than you might think

Despite the recent trend to flatten organizations, middle managers remain integral at top-performing companies.

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Fortune

Banks have used A.I. for decades—but now it’s going to take off like never before

A new wave of AI tools is poised to turbocharge innovation in finance—look for hyper-personalized credit cards before long.

Fortune

Demand for urban real estate will be challenged for the rest of the decade. Here’s how the world’s superstar cities are projected to fare

In just nine cities, $800 billion of office space could become obsolete by 2030. The reduced demand would have major impacts on urban stakeholders.

Fortune

Surprisingly, bosses are leading the resistance to the five-day office week

This small but mighty bunch actually has the influence to protect their home office life.

Fortune

These industries have the lowest office attendance rates

Office attendance has stabilized at 30% below pre-pandemic levels, according to a new McKinsey Global Institute report.

Fortune

What CFOs are saying about A.I. behind closed doors, according to McKinsey

Finance chiefs at some of the world's largest companies gathered to discuss what's top of mind for the second half of 2023.

Fortune

Citi CEO Jane Fraser: 'We must be proactive about embracing A.I.—it's an essential part of winning in the digital era'

Generative A.I. has the potential to revolutionize all functions across the banking industry, according to Fraser.

AAP

Grant funds clear runway for pollution-busting biofuels

Reducing emissions from flights is the aim of $30 million in grant funding with a recent report calling sustainable fuel the "only viable near-term option".

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