Inside the Strategy Room - podcast cover

Inside the Strategy Room

McKinsey & Companywww.mckinsey.com
We talk with McKinsey partners and corporate executives on the challenges they face creating lasting strategies in a fast-changing world. We also examine the different ways these executives approach these challenges and the new and innovative ways they think of creating a vision for their enterprises.

Episodes

186. Palo Alto Networks CFO, Dipak Golechha

Dipak Golechha is the Chief Financial Officer of Palo Alto Networks , a leading cybersecurity company. This episode features a conversation between Dipak and Eric Kutcher , our own CFO. Dipak and Eric discuss their experiences around the expanding CFO mandate, what it’s like to lead the finance function in a highly volatile business environment, and how they’re grappling with AI and other new technologies. Related Insights Eric's interview with Claire Bramley, CFO of Terradata. The new CFO manda...

Nov 30, 202335 min

185. How to succeed in China's changing economy

China’s economy and business landscape have been going through significant changes. We speak with three experts who will help us understand those shifts and how multinationals can adapt their strategies to succeed in China. Our guests are Franck Le Deu , a leader of our Life Sciences Practice in China, Joe Ngai , chairman of our offices in Greater China, and Junna Shi, a partner who advises Chinese government institutions on industrial development, regional economic planning, and integrated regi...

Nov 23, 202345 min

184. How to manage a successful CEO transition

Great CEOs know that the transition to their successor will define their legacy and cement the strength of what they’ve built. We speak with three McKinsey experts about how the best CEOs prepare for the final phase of their tenure. We're joined by Carolyn Dewar , a senior partner in our Bay Area office, Blair Epstein, a partner also based in San Fransisco, and Kurt Strovink , a senior partner in our New York office. Related Insights Sending it forward: Successfully transitioning out of the CEO ...

Nov 15, 202342 min

183. How mid-tenure CEOs find a new gear

The best CEOs find a new gear and sustain momentum and high performance after the heady first years in the job. We're joined by Kurt Strovink , a senior partner in our New York office, and Carolyn Dewar , a senior partner in our Bay Area office, to discuss the four ways CEOs can avoid complacency and create even more value in their mid-tenure. Related Insights Staying ahead: How the best CEOs continually improve performance CEO Excellence: The Six Mindsets That Distinguish the Best Leaders From ...

Nov 09, 202343 min

182. CEO alpha: How to cultivate great leaders for greater gains

For any company, having a CEO who makes effective, strategic decisions can help teams go far. CEOs who excel at this have what McKinsey senior partner Sacha Ghai calls “CEO alpha.” In today’s episode, Sacha speaks with Brian Vickery , a partner in our Boston office who hosts our Deal Volume podcast which is focused on private capital. During today’s discussion, they’ll cover a range of topics, including the implications of CEO Alpha for chief executives who are leading private equity portfolio c...

Nov 03, 202334 min

181. Navigating geopolitics with Dr Richard Haass

Dr Richard Haass shares his perspectives on how business leaders can navigate today’s complex geopolitical landscape. Richard is a veteran diplomat and respected scholar of international relations. He has deep experience in geopolitics. His diplomatic service includes counseling Colin Powell in talks in Afghanistan and three years as the US envoy on peace negotiations in Northern Ireland. Richard led the United States Council on Foreign Relations for twenty years and is now president emeritus. H...

Oct 27, 202332 min

180. Implementing transformations for the long-term

Many organizations embark on large-scale transformations, only to end with frustrated leaders and worse-than-expected long-term results. That doesn't have to be the case. Success is attainable and organizations that excel at implementation tend to outperform their peers financially. What sets these top performers apart? Olalla Montes , Nick Robson , and Nick Waugh join us to answer that question. Related Insights How to implement transformations for long-term impact Join our LinkedIn community o...

Oct 18, 202344 min

179. Hopper: Bringing fintech to travel booking

Hopper has acquired 100 million mobile users by offering consumer-friendly financial products and a gamified app experience, according to cofounder Frederic Lalonde. In this episode, Frederic takes us on a journey and explains how Hopper transformed from a company with the bulk of its initial revenue coming from airline ticket sales into a travel fintech business—selling algorithmically enabled financial products such as price-freezing capabilities and cancellation insurance. We’ll also discuss ...

Oct 11, 202323 min

178. How Major League Baseball built an innovation machine

Major League Baseball’s Chief Operating and Strategy Officer Chris Marinak speaks with McKinsey innovation leader Erik Roth about how the league is using fan feedback, experimentation, and data to change a game steeped in tradition and culture to reach the next generation of fans. This season, MLB implemented rules changes that fundamentally altered the pace and action of the game and continues to embrace innovation and technology to improve the game and the overall fan experience. Related Insig...

Oct 06, 202336 min

177. How ESG can enhance profitable growth

Many executives believe making growth sustainable and inclusive requires inscrutable trade-offs, forgoing revenue and profit for the sake of society and the planet. That is not always the case. Our new analysis indicates financially successful companies that integrate environmental, social, and corporate governance (ESG) priorities into their growth strategies outperform their peers—provided they also outperform on the fundamentals. The message is clear: not only can you do well while doing good...

Oct 03, 202337 min

176. Redefining the chief transformation officer's role

The role of chief transformation officer (CTO) is often linked with cost-cutting. In this episode, we discuss how this is a misleadingly narrow view and explain why and how CTOs should correct that misconception and redefine the role. Our guests are Kevin Carmody , a senior partner in our Chicago office, AD Bhatia , a partner in our New Jersey office, and Emily Rizzi, an associate partner based in our Pittsburgh office. Related insights Meet the newest member of the consumer C-suite: The chief t...

Sep 18, 202340 min

175. What's next in private markets?

We speak Brian Vickery and John Spivey , two authors of the 2023 McKinsey Global Private Markets Review . Brian and John join us to explore recent trends in private markets. They analyze why the markets have enjoyed strong tailwinds since the depths of the Global Financial Crisis and look at the origins of the recent slowdown. Will private markets continue to face headwinds? How did private market performance compare to public markets? That’s what we’re here to find out. Related insights McKinse...

Sep 13, 202346 min

174. Maximizing the impact of your investor relations

In this episode, we explore the core principles of a successful investor relations strategy. We're joined by Werner Rehm , a partner in our New Jersey office, Jay Gelb , a partner in our New York office, David Honigmann, a senior expert in our London office, and Karl Mahler , a senior adviser to McKinsey based in Zurich who brings over 30 years of experience as a healthcare executive, including as head of investor relations at Hoffmann-La Roche. We discuss why you should focus communication on t...

Sep 06, 202340 min

173. Rewired: Lessons from 200 large-scale digital and AI transformations

Our guest is Eric Lamarre , a senior partner in our Boston office and coauthor of the new book, Rewired: The McKinsey Guide to Outcompeting in the Age of Digital and AI . Eric and his coauthors, fellow senior partners Kate Smaje and Rodney Zemmel, based their book on the results of more than 200 large-scale digital transformations, creating a detailed guide for companies seeking to outcompete in the age of digital and AI. They’ve found that to increase the odds of long-term success in a digital ...

Aug 29, 202330 min

172. Taking an investor's perspective on your business

In this episode, we explore why and how business leaders, and CFOs in particular, should try to see their businesses as investors see them. We're joined by Chantal Lorbeer , a partner in our Munich office who advises global chemicals companies on their strategy, growth transformations, as well as their operating models and portfolio moves. Chantal co-leads our Strategy & Corporate Finance Practice in Germany was well as chemicals capital-markets perspective globally. Also joining us is Justi...

Aug 19, 202328 min

171. The Committed Innovator: How Shopify approaches innovation

In this latest episode in our Committed Innovator series Erik Roth speaks with Harley Finkelstein , an entrepreneur and innovator who is president of the multichannel commerce platform, Shopify . Their conversation is essential listening for anyone interested in learning how to create and build a business that scales. Harley and Erik speak about what it means to be an entrepreneur, why starting a side business makes sense, Shopify's company culture, and how the t-shirt business Harley started in...

Aug 18, 202333 min

170. Building a world-class digital finance function

The finance function and CFO's rope are evolving rapidly as digitization accelerates the pace of change amidst continuing economic and geopolitical volatility. Two expert colleagues join us to discuss how CFOs can help build world-class finance functions capable of withstanding external shocks and staying ahead of the competition. Bjørnar Jensen is a senior partner in our Zurich office, and Liz Fasciana, is a senior partner in our London office. Both work extensively with CFOs around the world. ...

Aug 13, 202330 min

169. Three essentials of successful corporate venture capital

In this episode we talk about corporate venture capital: Why should you do it? How should you do it? And what should you expect from it? Traditionally, established corporations have tended to view start-ups as undisciplined and naive, while start-ups might dismiss incumbents as stodgy and behind the times. It’s (mostly) not like that anymore, as both sides increasingly recognize each other’s strengths and the value of collaborating. In fact, large companies are now involved in about a third of a...

Aug 09, 202350 min

168. Geopolitical resilience: What it is, why companies need it, and how they can develop it

Today's episode focuses on how companies can manage risks and seize opportunities emerging from shifting geopolitical trends. We’ll talk about why organizations need to strategically invest in capabilities, people, processes, structures, and technology to navigate the risks arising from an evolving and fraught geopolitical landscape. Joining us is Ziad Haider , McKinsey's global director of geopolitical risk, Leo Geddes , a partner based in London who co-leads our geopolitics client service glob...

Aug 03, 202332 min

167. How to predict your competitor's next move

Joining us for this episode is John Horn, author of the new book Inside the Competitor's Mindset . John’s book analyzes how businesses can better understand their competitors and maximize the value of their competitive insights. He is a Professor of Practice in Economics at the Olin Business School at Washington University in St. Louis. We also have Emma Gibbs with us. Emma is a partner in our London office, and head of our Strategy and Corporate Finance Practice in the U.K., Ireland, and Israel...

Jul 21, 202338 min

166. Juvencio Maeztu, Deputy CEO and CFO of Ingka Group (IKEA)

Juvencio Maeztu is Deputy CEO and CFO of Ingka Group. Ingka Group is IKEA’s primary retail organization and represents roughly 90% of its global sales. Juvencio joined IKEA in 2001 and prior to starting his current role, he led IKEA India as CEO for over 6 years. Juvencio sat down with Sean Brown in London to discuss the company's triple bottom line: successfully meeting customer needs, achieving financial outperformance, and ensuring a sustainable environmental footprint. Join our LinkedIn comm...

Jul 13, 202324 min

165. Four steps to becoming a high-potential CEO candidate

The road to becoming CEO is a difficult ascent for even the most seasoned leaders. We discuss the four keys to making that journey a success with Carolyn Dewar and Vik Malhotra, two of the authors of the New York Times bestseller, CEO Excellence . Carolyn is a senior partner in our San Francisco office who founded and co-leads our CEO Excellence Practice. She works directly with Fortunate 100 client CEOs to help them maximize their effectiveness in the role. Vik is a senior partner in our New Yo...

Jul 07, 202341 min

164. Mauro Porcini, PepsiCo's senior vice president and chief design office

PepsiCo's design chief Mauro Porcini talks about the role of humanity and authenticity in driving innovation. In today’s episode, Mauro Porcini speaks with senior partner Erik Roth as part of our Committed Innovator series of discussions. Mauro is an enthusiastic innovator and design evangelist. He recently published The Human Side of Innovation: The Power of People in Love with People where he describes the power of design to drive sustainable and inclusive growth. He is passionate about unleas...

Jun 28, 202349 min

163. The strategy leader's evolving mandate

The chief strategy officer’s role has expanded significantly over the past decade. We look at what it takes to be a successful strategist today. In this episode we discuss the ways in which strategy leaders’ responsibilities have expanded significantly over the past decade, with many adding other functions to their roles. Sean is joined by Emma Gibbs, a partner in our London office who leads our Strategy and Corporate Finance Practice in the U.K., Ireland, and Israel. Emma serves institutions in...

Jun 23, 202341 min

162. Why today’s CFOs require ambidexterity

In today's episode, Teradata ’s chief financial officer, Claire Bramley , discusses the evolving role of finance leaders with McKinsey CFO, Eric Kutcher . Today, being a CFO requires harnessing the power of the “and” across many mandates: Playing offense and defense, leading the finance function, partnering with the broader C-suite, navigating short-term budget reallocation, and investing in strategic bets for the future, like investments in sustainability. Claire Bramley, CFO of Teradata, discu...

Jun 16, 202335 min

161. How programmatic M&A leads to long-term resilience

New research shows that programmatic M&A helps companies outperform peers more than ever, creating value and resilience, even during a pandemic. In this episode the authors of our recent research on M&A discuss their latest findings that programmatic M&A—doing many small and midsize deals—helps build resilience in addition to outperformance over peers. Jeff Rudnicki and Tobias Lundberg lead our M&A strategy work globally, and Patrick McCurdy is global co-lead of our M&A capab...

Jun 09, 202344 min

160. Voices of CEO Excellence: Merck's Ken Frazier. Episode 2.

In this second episode of our Voices of CEO Excellence interview with Ken Frazier, the former executive chairman and CEO of Merck candidly reflects on how he managed past crises. Frazier discusses his decision-making process around the litigation trial concerning Merck’s pain-relief drug Vioxx, and how his employees ensured that a potentially crippling cyber attack did not stop production of critical medicines. He also speaks about how his most important advisor, his wife Andrea, has kept him gr...

Jun 02, 202341 min

159. Voices of CEO Excellence: Merck’s Ken Frazier. Episode 1

As CEO of Merck, Ken Frazier gained the respect of his employees, shareholders, and the broader community - both through the company’s performance during his 11-year tenure and also through his handling of several tests of his leadership. Now Merck’s former executive chairman, he recently shared how his experience growing up during the Civil Rights Movement shaped his career, how he ensured that science stayed at the core of Merck’s mission, and how he sees business’s role in society. In this, t...

May 23, 202342 min

158. Seven mindsets and practices for new CFOs

Congratulations, you’re a new CFO—now hit the ground running with these seven key mindsets and practices that effective CFOs adopt from day one. Joining Sean for this episode is Andy West , the global co-leader of McKinsey's Strategy and Corporate Finance Practice, Ankur Agrawal , a partner based in our New York office who leads our CFO and Capital Markets Practice in the Americas, Christian Grube , a partner in our Munich office, and he leads our CFO and Capital Markets practice across Europe, ...

May 12, 202350 min

157. Two former Nike senior executives discuss retail growth strategies

What does purposeful growth look like in the retail sector? In this episode, McKinsey’s Brian Gregg speaks with two former senior executives at Nike, Christiana Shi and Stuart Hogue, about the strategies that enabled them to lead productive teams in the retail sector. The conversation touches on the importance of nurturing talent, building diverse teams, and identifying opportunities for individual and organizational growth. We are sharing today’s episode as part of an ongoing collaboration with...

May 05, 202323 min