What’s next for pharma innovation in China

Three prominent Chinese executives discuss the progress of local companies in drug innovation and the evolving regulatory environment.
What’s next for pharma innovation in China

Biopharma valuations—onward and upward?

Companies focused on biopharma have done well in capital markets. A closer look at performance helps explain why.
Biopharma valuations—onward and upward?

The future of mobility in India: Challenges and opportunities for the auto component industry

The Indian automotive industry has started to experience the effects of the global disruption. Electrification is of particular importance, and might significantly impact auto component manufacturers.
The future of mobility in India: Challenges and opportunities for the auto component industry

Tackling infrastructure’s digital frontier

Once at the forefront of innovation, construction now lags behind in the adoption of new technologies. But the industry is at a tipping point. We spoke with executives from Atkins, Siemens, and RIB Software at GII 2017 about how they’re embracing the disruptive potential of digitization.
Tackling infrastructure’s digital frontier

The case against corporate short termism

Despite strong pressures to focus on the short term, it is possible to manage for the long term and reap considerable rewards, write Tim Koller, James Manyika, and Sree Ramaswamy in Milken Institute Review.
The case against corporate short termism

Economic Conditions Snapshot, September 2017: McKinsey Global Survey results

At the country level, economic optimism has reached a six-year high in our latest survey. Globally, concerns over geopolitics and asset bubbles are on the rise.
Economic Conditions Snapshot, September 2017: McKinsey Global Survey results

The Project Management Tool You’ve Probably Never Heard Of

Don’t Confuse Digital With Digitization

Deepening capital markets in the Philippines

Establishing pro-market policies, along with supportive rules and institutions, should increase the flow of money to companies and public projects that can benefit society.
Deepening capital markets in the Philippines

China's renewable energy revolution

China is at the center of a global energy transformation, which is being driven by technological change and the falling cost of renewables, write Jonathan Woetzel and Jiang Kejun in Project Syndicate.
China's renewable energy revolution

Five management strategies for getting the most from AI

A survey by the McKinsey Global Institute of 3,000 C-level executives across 10 countries and 14 sectors identified five fundamental strategies for how to get the most out of AI’s potential, write Jacques Bughin and Eric Hazan in MIT Sloan Management Review.
Five management strategies for getting the most from AI

Don’t burn the ships: Sail for a new world of manufacturing performance

While there’s no going back to a predigital, pretechnology age, much of what manufacturers already know will still be of great value as they transform their performance.
Don’t burn the ships: Sail for a new world of manufacturing performance

What it takes to be successful: Three hallmarks of a healthy oil and gas organization

As oil and gas companies navigate a ‘new normal,’ embedding three hallmarks of organizational health will be key to success.
What it takes to be successful: Three hallmarks of a healthy oil and gas organization

Global reinsurance: Fit for the future?

There are many opportunities for the reinsurance industry to maintain and increase its relevance, as new risks grow in importance and global macroeconomic conditions become more complex.
Global reinsurance: Fit for the future?

Creating an innovation culture

Corning’s Silicon Valley technology chief shares how to stay creative over the long haul, drawing on 40 years of experience.
Creating an innovation culture

How to Recognize a Strategic Priority When You See One

Turning Strategy Into Results

Manufacturing quality today: Higher quality output, lower cost of quality

Good quality doesn’t have to mean higher costs—in fact, it often means lower recall and warranty costs as a culture of quality takes hold.
Manufacturing quality today: Higher quality output, lower cost of quality

Leading Analytics Teams in Changing Times

The future of customer-led retail-banking distribution

Customers are leading the way toward next-generation retail-banking distribution strategies.
The future of customer-led retail-banking distribution

What’s sparking electric-vehicle adoption in the truck industry?

Commercial fleets could go electric rapidly. Understanding total cost of ownership and focusing on specific cases is critical.
What’s sparking electric-vehicle adoption in the truck industry?

Building smart and affordable real estate

The global real estate market is changing. Standardization, prefabrication, and smart technology are gaining traction as rising populations confront the need for affordable housing and livable, sustainable cities. Senior partner Subbu Narayanswamy discussed these evolutions and more at GII 2017 with leaders from Arup, Barcelona Housing Systems, and the Centre for Liveable Cities.
Building smart and affordable real estate

Discussions in digital: Moving B2B companies into the digital world

Digital has changed how B2B leaders meet customer demands, but not in all the expected ways.
Discussions in digital: Moving B2B companies into the digital world

Same lean song, different transformation tempo

Transformation isn’t new to manufacturers—but sustained transformation is rare. It’s even harder at today’s fast pace, which calls for a different transformation approach. 
Same lean song, different transformation tempo

As European banks retreat from the world stage China is stepping up

As European banks retreat, China is leading something of a changing of the guard in global finance, write Susan Lund and Eckart Windhagen in Harvard Business Review.
As European banks retreat from the world stage China is stepping up

Banking landscape shifts as Chinese groups globalise

European and U.S. banks are refocusing domestically while emerging market rivals expand abroad, write Susan Lund and Jonathan Woetzel in Financial Times.
Banking landscape shifts as Chinese groups globalise

How a large established company built a digital culture

How one large Malaysian business put customer focus, agile work methods, and design thinking at the core of its digital transformation.
How a large established company built a digital culture

McKinsey Quarterly 2017 Number 3: Overview and full issue

This issue of the Quarterly, available here as a PDF download, explores how digitization will shape global industries, discusses how to make better decisions, provides an action plan for workplace automation, and suggests ways for companies to improve HR.
McKinsey Quarterly 2017 Number 3: Overview and full issue

How to improve student educational outcomes: New insights from data analytics

By applying advanced analytics and machine learning, we have identified factors that play a critical role in student achievement.
How to improve student educational outcomes: New insights from data analytics

Manufacturing network strategy in a world of unprecedented change

A best-seller from two decades ago proves surprisingly relevant for today’s manufacturing-footprint questions.
Manufacturing network strategy in a world of unprecedented change

Savvy and sophisticated: Meet China’s evolving car buyers

Our 2017 survey of Chinese auto consumers shows they’re demanding more from carmakers. How can companies keep up with shifts in this must-win market?
Savvy and sophisticated: Meet China’s evolving car buyers

An analytical approach to maximizing reservoir production

Producing assets have significant subsurface optimization potential. We take a deeper look at what it takes to unlock this value.
An analytical approach to maximizing reservoir production

Learning innovation in the digital age

As the workplace changes, so must education and training. Exciting experiments are under way—but are they enough?
Learning innovation in the digital age

Five Fifty: Evaluate this

Want better performance from your employees? Drop the annual review process and its ill-fitting stack-and-rank ratings approach.
Five Fifty: Evaluate this

What drives student performance in Latin America?

Our analysis of OECD PISA results from the region offers five findings on student mindsets, teaching practices, technology, instructional hours, and early childhood education.
What drives student performance in Latin America?

The future of customer-led retail-banking distribution

Customers are leading the way toward next-generation retail-banking distribution strategies.
The future of customer-led retail-banking distribution

What’s sparking electric-vehicle adoption in the truck industry?

Commercial fleets could go electric rapidly. Understanding total cost of ownership and focusing on specific cases is critical.
What’s sparking electric-vehicle adoption in the truck industry?

Building smart and affordable real estate

The global real estate market is changing. Standardization, prefabrication, and smart technology are gaining traction as rising populations confront the need for affordable housing and livable, sustainable cities. Senior partner Subbu Narayanswamy discussed these evolutions and more at GII 2017 with leaders from Arup, Barcelona Housing Systems, and the Centre for Liveable Cities.
Building smart and affordable real estate

Discussions in digital: Moving B2B companies into the digital world

Digital has changed how B2B leaders meet customer demands, but not in all the expected ways.
Discussions in digital: Moving B2B companies into the digital world

The Case Against Agility

Same lean song, different transformation tempo

Transformation isn’t new to manufacturers—but sustained transformation is rare. It’s even harder at today’s fast pace, which calls for a different transformation approach. 
Same lean song, different transformation tempo

As European banks retreat from the world stage China is stepping up

As European banks retreat, China is leading something of a changing of the guard in global finance, write Susan Lund and Eckart Windhagen in Harvard Business Review.
As European banks retreat from the world stage China is stepping up

A Tribute to Our Readers

Today and tomorrow, we are offering open access to all of the articles, reports, videos, blogs, and essays we have published on our site. We do this as a show of appreciation for our readers, both old and new, without whom MIT SMR would not exist. There’s over 30 years’ worth of material on the site, so I encourage you to explore!

If you’re not quite sure where to start, here are a few recommendations:

Reshaping Business With Artificial Intelligence

Disruption from artificial intelligence (AI) is here, but many company leaders aren’t sure what to expect from AI or how it fits into their business model. Yet with change coming at breakneck speed, the time to identify your company’s AI strategy is now. MIT Sloan Management Review has partnered with The Boston Consulting Group to provide baseline information on the strategies used by companies leading in AI, the prospects for its growth, and the steps executives need to take to develop a strategy for their business.

What CEOs Get Wrong About Vision and How to Get It Right

Many executives don’t understand how to craft a compelling vision for change that will gain widespread commitment within their organizations. Leaders should start by asking themselves: What will people see, hear, and feel once the changes have been achieved?

All Platforms Are Not Equal

The emergence of a handful of high-profile virtual monopolies built on digital platforms has directed a huge amount of attention to the network effects such platforms fuel. But not all platforms are equally powerful. There is a reason why Airbnb is a better business than Uber.

The Jobs That Artificial Intelligence Will Create

Research suggests there will be three new categories of AI-driven business and technology jobs: trainers, explainers, and sustainers. Humans in these roles will complement the tasks performed by cognitive technology, ensuring that the work of machines is both effective and responsible — that it is fair, transparent, and auditable.

Please enjoy our site on Sept. 26 and 27; we welcome your feedback.

A Tribute to Our Readers

Banking landscape shifts as Chinese groups globalise

European and U.S. banks refocus domestically while EM rivals expand abroad, write Susan Lund and Jonathan Woetzel in Financial Times.
Banking landscape shifts as Chinese groups globalise

Safeguard Your Organization’s IoT Initiatives

How a large established company built a digital culture

How one large Malaysian business put customer focus, agile work methods, and design thinking at the core of its digital transformation.
How a large established company built a digital culture

McKinsey Quarterly 2017 Number 3: Overview and full issue

This issue of the Quarterly, available here as a PDF download, explores how digitization will shape global industries, discusses how to make better decisions, provides an action plan for workplace automation, and suggests ways for companies to improve HR.
McKinsey Quarterly 2017 Number 3: Overview and full issue

How to improve student educational outcomes: New insights from data analytics

By applying advanced analytics and machine learning, we have identified factors that play a critical role in student achievement.
How to improve student educational outcomes: New insights from data analytics

Manufacturing network strategy in a world of unprecedented change

A best-seller from two decades ago proves surprisingly relevant for today’s manufacturing-footprint questions.
Manufacturing network strategy in a world of unprecedented change

Which Rules Are Worth Breaking?

Savvy and sophisticated: Meet China’s evolving car buyers

Our 2017 survey of Chinese auto consumers shows they’re demanding more from carmakers. How can companies keep up with shifts in this must-win market?
Savvy and sophisticated: Meet China’s evolving car buyers

An analytical approach to maximizing reservoir production

Producing assets have significant surface optimization potential. We take a deeper look at what it takes to unlock this value.
An analytical approach to maximizing reservoir production

Learning innovation in the digital age

As the workplace changes, so must education and training. Exciting experiments are under way—but are they enough?
Learning innovation in the digital age

Five Fifty: Evaluate this

Want better performance from your employees? Drop the annual review process and its ill-fitting stack-and-rank ratings approach.
Five Fifty: Evaluate this

What drives student performance in Latin America?

Our analysis of OECD PISA results from the region offers five findings on student mindsets, teaching practices, technology, instructional hours, and early childhood education.
What drives student performance in Latin America?

Webinar 9/21: Using Visualization to Connect Humans and Analytics in Supply Chain Decision-Making

On Thursday, September 21 at 2 p.m. EDT / 11 a.m. PDT, Matthias Winkenbach, research scientist at the MIT Center for Transportation & Logistics, will discuss the ways companies and researchers can harness interactive visualization and augmented reality technology to change the way we access, understand, and utilize complex systems and logistics data.

In supply chains and other large systems, the complexity of decision-making is becoming increasingly problematic. To manage the process, we need sophisticated analytics — but we must still engage the human element for best outcomes. Now, there are exciting advances in visualization and human-machine interfaces that are allowing humans and machines to get to better decisions together.

Register to watch live or receive the on-demand recording.

In this webinar, you will learn:

• How to choose the right mix of automated analysis and interactive visualization to get to better decisions in your organization
• The importance of systematic use of data visualization as part of a corporate decision-making culture
• The three main design principles for visually augmented analytics applications in supply chain management
• What the future might hold in light of new technologies such as augmented and virtual reality, and some possible use cases

Join us for the live event, or register to receive the on-demand recording.

Webinar 9/21: Using Visualization to Connect Humans and Analytics in Supply Chain Decision-Making

How the Internet of Things will reshape future production systems

Rich data, ubiquitous connectivity, and real-time communication are changing the way companies work. For leaders, that transformation will extend much further than the machines on the factory floor.
How the Internet of Things will reshape future production systems

Five Management Strategies for Getting the Most from AI

How a digital factory can transform company culture

Companies are beginning to use digital factories as incubators of more agile ways of working, often filtering the best attributes of the factory culture back to the larger organization.
How a digital factory can transform company culture

Key Result Areas vs Key Performance Indicators

Why KRAs (Key Result Areas) Are Crucial to Business Development The entire world markets tend to be joining together and competition is pressing the bounds of efficiency and cost, putting an emphasis on the target on end results. This really is one of many factors the Key Result Areas system performs an important role in […]
Key Result Areas vs Key Performance Indicators

Digital Disruption Is a People Problem

Moving Beyond the Silicon Valley State of Mind

Five ways to unlock win–win value from IT-services sourcing relationships

IT purchasers and providers can achieve win–win outcomes by altering their sourcing routines. Here’s how they can be more strategic about the principles and practices they follow.
Five ways to unlock win–win value from IT-services sourcing relationships

All Platforms Are Not Equal

The Philippines growth dialogues: Doris Ho and Suraj Moraje

In the first installment of a new series, two Filipino leaders discuss the country’s future economy and society.
The Philippines growth dialogues: Doris Ho and Suraj Moraje

Seven rules for spinning analytics straw into golden results

While IoT-enabled advanced analytics could be worth trillions to manufacturers, turning insights into outcomes requires more than just the right technology.
Seven rules for spinning analytics straw into golden results

What Southeast Asia needs to become a major player in artificial intelligence

For artificial intelligence to take hold in Southeast Asia, the region needs more defined business use cases, better data ecosystems, and more concerted talent-development efforts.
What Southeast Asia needs to become a major player in artificial intelligence

Navigating risks in project finance

When it comes to infrastructure and capital projects, managing risks and incentives correctly can be a major enabler for opening up new funding streams and creating bankable project pipelines. McKinsey senior partner Roberto Fantoni sat down with leaders from Macquarie, Arup, HSBC Singapore, and MTR Corporation at GII 2017 to discuss the challenges at stake and the opportunities to overcome them.
Navigating risks in project finance

The road to artificial intelligence in mobility—smart moves required

Is AI all hype? No. But automotive OEMs need to take five steps to overcome challenges and position themselves to succeed.
The road to artificial intelligence in mobility—smart moves required

Memo to the CEO: Are you the source of workplace dysfunction?

Rudeness and bullying are rife, says Stanford professor Bob Sutton. Wise leaders figure out how to fix their teams and organizations; and they start by taking a long look in the mirror.
Memo to the CEO: Are you the source of workplace dysfunction?

The art of project leadership: Delivering the world’s largest projects

Four mind-sets and eight leadership practices distinguish successful leaders of ultralarge projects.
The art of project leadership: Delivering the world’s largest projects

Change Management Drivers and Metrics for Management Reporting

Change Management Reporting and Planning     Speak to practically anybody regarding change and it instantly brings up emotions of stress or discomfort. We prefer to get relaxed within our practices. We grow at rate that can feel good since we’re in charge. Flourishing when out of hand is a lot harder prospect; it will […]
Change Management Drivers and Metrics for Management Reporting

Urban commercial transport and the future of mobility

Commercial traffic clogs city streets, contributes to pollution, and drives up the cost of doing business. But there are many ways to do better.
Urban commercial transport and the future of mobility

Digitization: The next stop for the apparel-sourcing caravan

Stepping up digital efforts in purchasing could help apparel companies transform. A survey of sourcing executives highlights trends and opportunities.
Digitization: The next stop for the apparel-sourcing caravan

What Drives Performance Evaluations?

Performance Evaluations Factors That Matter     A whole lot is published now about businesses adjusting the performance management plans. These businesses who have left the traditional overall performance assessments have gained a solid reputation. But, the overpowering vast majority are maintaining certain type of analysis of performance. There are numerous causes of doing that. […]
What Drives Performance Evaluations?

Rewiring contracts for collaboration

Too many construction projects are traditionally founded on risk, not collaboration—a root cause of the sector’s low productivity. At the 2017 GII Summit, McKinsey partner Michael Della Rocca joined leaders from Atkins, Bentley Systems, and King Abdullah Economic City to discuss how relational contracting and shared incentives can create better outcomes for infrastructure and capital projects.
Rewiring contracts for collaboration

Six Reasons Why Companies Should Start Sharing Their Long-Term Thinking With Investors

Additive manufacturing: A long-term game changer for manufacturers

To get the most out of additive manufacturing, companies need to think beyond prototyping and understand what the technology means for production.
Additive manufacturing: A long-term game changer for manufacturers

What it really takes to capture the value of APIs

APIs are the connective tissue in today’s ecosystems. For companies who know how to implement them, they can cut costs, improve efficiency, and help the bottom line.
What it really takes to capture the value of APIs

Getting ready for the future of work

Artificial intelligence is poised to disrupt the workplace. What will the company of the future look like—and how will people keep up?
Getting ready for the future of work

12 Essential Innovation Insights

Why Design Thinking in Business Needs a Rethink

Creating Better Innovation Measurement Practices

Impact investing finds its place in India

The country’s market for purpose-driven finance could grow to $6 billion to $8 billion in 2025. What’s shaping the landscape?
Impact investing finds its place in India

Financial globalization hits a more stable, inclusive stride

After the global financial crisis, a number of countries stepped back from the world stage, choosing to instead focus on domestic capital while being more selective about foreign investments.
Financial globalization hits a more stable, inclusive stride

Linking Performance Metrics to Strategy: Tips, Examples, Templates

How to Link Performance Metrics to Business Strategy     Performance kpis are worthless except if they are associated with the organization’s existing critical success factors, the balanced scorecard perspectives, and also the organization’s strategy and goals. A company could be more successful when it has invested time determining and communicating the perspective, objective, and […]
Linking Performance Metrics to Strategy: Tips, Examples, Templates

How to Plan Business Growth and Stability

Numerous company directors and managers find time totally busy coping with the problems and issues that are happening now, instead of looking at what’s essential to make sure the success and ultimate achievement of business. The expertise and energy is consumed in analyzing and getting tactical functional decisions while this business overall might be going […]
How to Plan Business Growth and Stability

Use Excel Dashboard to Start KPI Reporting in 6 Months

Excel Dashboards, Balanced Scorecards and KPI Reporting Templates     The team must promote the usage of current in house programs for collecting data and reporting of performance kpis not less than the very first 6 months. A lot may be achieved with regular programs like Microsoft Excel. There’s frequently no reason to get customized […]
Use Excel Dashboard to Start KPI Reporting in 6 Months

The growth imperative for medical-device companies

Recent valuations have been driven by high expectations of growth. Can your company deliver?
The growth imperative for medical-device companies

A new reality for the Russian consumer industry

The country’s economy is showing signs of recovery, but many consumers are still hesitant to spend. Here’s how companies can win in this evolving market.
A new reality for the Russian consumer industry

Who’s Building the Infrastructure for Lifelong Learning?

How to Become a Game-Changing Leader

KPIs and Balanced Scorecard Reporting for Management

Balanced Scorecard Reporting KPIs Management     The revolutionary work of Kaplan and Norton delivered to management’s particular attention that overall performance required to be assessed in more strategic way. They created 4 viewpoints or perspectives for the organization. The new focus on strategy mapping refers to the significance of employee fulfillment and also the […]
KPIs and Balanced Scorecard Reporting for Management

Automation, robotics, and the factory of the future

Cheaper, more capable, and more flexible technologies are accelerating the growth of fully automated production facilities. The key challenge for companies will be deciding how best to harness their power.
Automation, robotics, and the factory of the future

Human + machine: A new era of automation in manufacturing

New technologies are opening a new era in automation for manufacturers—one in which humans and machines will increasingly work side by side.
Human + machine: A new era of automation in manufacturing

The New Frontier of Price Optimization

Negotiating With Chinese Investors

Financial globalization 2.0

Signs of greater resilience and increased stability are everywhere. Actions taken over the last ten years therefore imply less fragility when the next crisis hits, as it surely will, write Susan Lund and Hans-Helmot Kotz in Project Syndicate.
Financial globalization 2.0

Organizational health: A fast track to performance improvement

Working on health works. It’s good for your people and for your bottom line.
Organizational health: A fast track to performance improvement

Has a Customer Already Developed Your Next Product?

Characteristics of KPIs in Effective KPI Management System

What are KPIs?     KPIs stand for metrics aiming for those elements of company overall performance that would be the most essential for present and long term achievement in the business. KPIs are seldom new to the business. They’ve possibly not already been acknowledged or had been someplace unfamiliar to present management teams. Characteristics […]
Characteristics of KPIs in Effective KPI Management System

The Trouble With Corporate Compliance Programs

The automotive revolution is speeding up

How fast is disruption reshaping the personal-mobility landscape, and what will new value pools look like as the ecosystem evolves?
The automotive revolution is speeding up

Data sharing and open banking

The potential benefits of open banking include improved customer experience, new revenue streams, and a sustainable service model for underserved markets.
Data sharing and open banking

Monetizing data: A new source of value in payments

Payments providers are already adept at generating customer insights from data. Now, leading firms are using advanced analytics to monetize the data itself.
Monetizing data: A new source of value in payments

Why investors are flooding private markets

As investors and asset managers shift away from weakened public markets, private markets are seeing immense growth, which, in turn, is changing the very definition of “performance.”
Why investors are flooding private markets

Putting lifelong learning on the CEO agenda

In an open letter to business leaders, a Harvard Business School professor and a learning engineer at the Chan Zuckerberg Initiative present an emphatic case to make learning a corporate priority.
Putting lifelong learning on the CEO agenda

Key Performance Indicators (KPIs) vs Key Results Indicators (KRIs)

KPIs vs KRIs     Many businesses will work with incorrect kpis, a lot of that are improperly termed KPIs. Really several businesses truly keep track of the true key performance indicators. The main reason is the fact that really several businesses, business frontrunners, accounting firms, and experts have indeed explored what a KPI really […]
Key Performance Indicators (KPIs) vs Key Results Indicators (KRIs)

Mobile financial services in Africa: Winning the battle for the customer

To compete in Africa’s diverse mobile money markets, banks must offer distinctive mobile and digital services not only in payments and deposits, but across the spectrum of financial services.
Mobile financial services in Africa: Winning the battle for the customer

Why Your Company Needs More Collaboration