By using this Site or clicking on "OK", you consent to the use of cookies. Facebook. Taking a more holistic and expansive approach to transformation increases the chances that an organization will, in fact, see significant and sustainable improvement in the years ahead. Restrukturierung & Transformation McKinsey's Transformation practice verhilft Klienten zu einer schnellen, deutlichen Leistungssteigerung und bietet zudem das gesamte Servicespektrum für Unternehmen mit Liquiditätsengpässen oder drohender Insolvenz Digg. We use cookies essential for this site to function well. Our transformation approaches are underpinned by proprietary tools and technologies to enable real, sustained change. McKinsey Global Institute. NAME * EMAIL * ORGANIZATION. Please email us at: George Oliver, chairman and CEO, Johnson Controls. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. hereLearn more about cookies, Opens in new Learn about our use of cookies, and collaboration with select social media and trusted analytics partners here Learn more about cookies, Opens in new tab. Unleash their potential. Insights from the McKinsey 2019 Consumer Social Determinants of Health Survey. McKinsey’s research on more than 80 large-scale transformations shows that companies that conduct a comprehensive “full potential” analysis and set transformation targets that nearly doubled trailing earnings were more likely to realize outsized total return to shareholders gains. The magnitude of the ambition needs to be a huge step change in performance. These are extraordinary times, and inevitably they have required some companies to lean into these challenges by slashing costs, reducing headcount and halting investments to conserve cash. Arnoldi made sure she shared at every turn her vision of the company as the leading pay TV provider in South America with employees, customers and investors. Read our latest research, articles, and reports on Transformation. Transformation Insights. our use of cookies, and There needs to be one vision and a clarity of fundamentals or it’s going to be a mess. “You create a performance and growth culture when everyone is clear on how value is created and what their role is in creating that value, how they are accountable for making the company better and stronger,” he says. 4 One of the two main reasons, chosen by 61 percent, is that staff gained new skills through the transformation. “But it’s here now, and the organizations going all-in on transformation can change the odds in their favor and will accelerate out of this crisis,” he adds. 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. Digital upends old models. Something went wrong. In fact, Robinson says, it is one of the most defining characteristics of a successful transformation. Business leaders pride themselves on their ability to pivot and course-correct in times of crisis and economic turmoil. “And we were specific, saying that we’re going to transform our business to be over 60 percent digital by the end of 2020 and over 80 percent digital by the end of 2023.”. Please click "Accept" to help us improve its usefulness with additional cookies. “Incremental change is not their story.” Contact us to inquire about our work in transformation. You can’t pull off an effective transformation if people have hidden agendas and go off and do their own thing. Learn about The good news is that there are companies doing this kind of transformation successfully, and business leaders can learn from their wins. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. 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. Improving your odds of success for large scale change programs. It all started with the release of the industry’s first Web browser more than 25 years ago. In this edition, Article But to thrive in the Next Normal, companies need to make more fundamental changes. Article Healthcare consumerism today: Accelerating the consumer experience. Twitter. Article Five trends shaping the future of Medicaid. Article The … -. People create and sustain change. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Please use UP and DOWN arrow keys to review autocomplete results. 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