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

66. The board’s role during crisis and beyond

Read more >    Listen to the podcast (duration: 40:30) >   McKinsey senior partner Celia Huber, who leads our board services work in North America, talks with three seasoned board directors about the role boards are playing in guiding their companies toward recovery from the COVID-19 crisis. Nora Aufreiter sits on the board of Scotiabank, supermarket operator Kroger, and real estate developer Cadillac Fairview, as well as a Toronto hospital. Peter Bisson is an independent ...

Nov 24, 202041 min

65. Budget planning for 2021

Read more >    Listen to the podcast (duration: 37:50) >   Budgeting for the coming calendar year entails unique challenges, given the uncertainty about the pandemic’s continuing impact. In this episode, Ankur Agrawal, Christian Grube, Matthew Maloney, and Ishaan Seth, all co-authors of the McKinsey.com article, “Memo to the CFO: A new approach to 2021 budgeting starts now,”discuss how CFOs and other business leaders should adapt their budget process for the uncertain time...

Nov 13, 202038 min

64. Building a great digital business

Read more >    Listen to the podcast (duration: 32:43) >   In recent months, many companies have rushed to build digital businesses to overcome pandemic-induced disruptions and address shifts in customer behavior. In this episode, we explore how to develop a digital offering quickly and effectively despite ongoing economic uncertainty. Support the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ See www.mckinsey.com/privacy-policy for privacy ...

Nov 03, 202033 min

63. Laxman Narasimhan, CEO of Reckitt Benckiser, on corporate purpose during a crisis

Read more >    Listen to the podcast (duration: 28:18) >   Senior partner Celia Huber speaks with Laxman Narasimhan, the CEO of Reckitt Benckiser. The UK-based global consumer-goods company focuses on products in health, hygiene, and nutrition categories, some of which saw massive demand spikes during the height of the pandemic. Before joining the company, Narasimhan held various senior roles at PepsiCo, most recently that of global chief commercial officer. He is also a f...

Oct 20, 202028 min

62. The Committed Innovator: Salesforce’s Simon Mulcahy

Read more >    Listen to the podcast (duration: 25:54) >   In this episode Simon Mulcahy, Salesforce’s executive vice president and chief innovation officer, discusses the ways the COVID-19 crisis has reshaped the sales function, and how Salesforce orchestrates innovation inside the company and with customers. Support the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ See www.mckinsey.com/privacy-policy for privacy information...

Oct 13, 202026 min

61. Purpose and the future for capitalism

Read more >    Listen to the podcast (duration: 30:24) >   We hear from two award-winning American economists about how capitalism and corporate purpose could evolve to more broadly benefit society, especially in this current time of crisis. Yuval Atsmon, a senior partner in our London office, spoke with professor Anne Case and Nobel prize winner, Angus Deaton, about their new book, ‘Deaths of Despair and the Future of Capitalism’. Their book, which has been short-listed f...

Sep 29, 202030 min

60. The Committed Innovator: Kellogg’s Nigel Hughes

Read more >    Listen to the podcast (duration: 30:15) >   Nigel Hughes, head of R&D and Innovation at Kellogg Company, speaks with Stacey Haas, who heads up McKinsey’s Consumer Innovation practice, and Erik Roth, who leads McKinsey’s innovation work globally. Hear Nigel’s perspective on the evolution of the CPG industry’s approach to innovation and how Kellogg itself is being solution-based and partnering with other organizations in its pursuit of growth Support the show:...

Sep 23, 202030 min

59. The CEO moment. Episode 2

Read more >    Listen to the podcast (duration: 13:52) >   Today we'll cover the two remaining shifts CEOs are making in this moment; embracing stakeholder capitalism and leveraging peer networks. Sharing their insights on this topic with us today are Carolyn Dewar who co-leads our CEO Excellence work, and Monica Murarka who is a senior expert and leader also of the McKinsey’s CEO Excellence work. We are also joined by Kurt Strovink, the leader of McKinsey’s global insuran...

Sep 23, 202014 min

58. The CEO moment. Episode 1

Read more >    Listen to the podcast (duration: 22:19) >   The COVID-19 crisis has put CEOs and the organizations they lead under great pressure. At the same time, it has provided a once-in-a-generation opportunity for chief executives to evolve the nature and impact of their role. The authors of a McKinsey Quarterly article, “The CEO moment: Leadership for a new era,” describe the shifts that top-performing CEOs have taken in how they lead—changes that have the potential ...

Sep 21, 202022 min

57. Why you need to keep changing your company’s business mix

Read more >    Listen to the podcast (duration: 24:15) >   One of the perennial questions corporate leaders ask is which businesses their company should be in.Our recent article, “Why you’ve got to put your portfolio on the move,” suggests that regularly changing the portfolio mix in response to market trends is the surest path to outperformance. During our European M&A conference in London, which took place earlier this year, two of the article’s authors discussed their r...

Sep 17, 202024 min

56. Corporate purpose, during crisis and beyond

Read more >    Listen to the podcast (duration: 27:59) >   In this episode we present a panel discussion on how companies are using corporate purpose to guide their response to the COVID-19 crisis and the nascent recovery. Bruce Simpson, a McKinsey senior partner and co-author of the recent article, “Demonstrating corporate purpose in the time of coronavirus,” talks with four senior executives who have firsthand experience of establishing and driving purpose in their organ...

Aug 27, 202028 min

55. Growth through a downturn

Read more >    Listen to the podcast (duration: 25:34) >   For many business leaders wrestling with the challenges of the coronavirus pandemic, growth may seem like a distant priority. However, once the health of employees is protected and the business is secured, many executives will quickly shift their focus to restarting the stalled growth engine. A recent McKinsey.com article reports that only one in ten companies manage to outperform on growth both during downturns an...

Jul 31, 202026 min

54. Innovation in a crisis

Read more >    Listen to the podcast (duration: 32:03) >   As companies focus on navigating through the COVID-19 pandemic, many are putting innovation on the back burner. But as two of McKinsey’s top experts on innovation explain, these organizations may miss out on rare opportunities to reinvent their businesses for the post-crisis era. We hear from Laura Furstenthal who leads our innovation practice in North America, serving clients in a range of industries on innovation...

Jul 10, 202032 min

53. Culture in M&A

Read more >    Listen to the podcast (duration: 15:38) >   Among the many factors companies weigh when embarking on mergers and acquisitions, culture is one that often gets short shrift. Yet it often plays a crucial role in a deal’s success or failure. In this episode Becky Kaetzler, a leader in McKinsey’s M&A practice, explains how to conduct cultural due diligence to help ensure a deal fulfills its goals. Support the show: https://www.linkedin.com/showcase/mckinsey-strat...

Jul 01, 202016 min

52. The Committed Innovator: Investor Kevin O’Leary

Read more >    Listen to the podcast (duration: 29:55) >   In this episode Erik Roth, who leads McKinsey’s global innovation practice, interviews Kevin O’Leary as part of our ongoing series on innovation. The Canadian entrepreneur, best known as one of the investors featured on the American reality TV series Shark Tank, shares his bets on innovation’s next frontier. Support the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ See www.mckinsey....

Jun 25, 202030 min

51. Choosing the right path to unlock the economy

In this episode we try to answer two urgent questions: how should governments approach the different possible paths to reopening their economies? And what is needed to spur businesses and consumers to start spending again? Two McKinsey senior partners who have been deeply involved in helping companies navigate the coronavirus pandemic discuss the current uncertainty and its impact on economic recovery. Penny Dash leads the healthcare systems and services practice in Western Europe while Sven Smi...

Jun 18, 202023 min

50. Transformation and resilience: An interview with Best Buy’s executive chairman Hubert Joly

Read more >    Listen to the podcast (duration: 43:54) >   Hubert Joly, the former CEO and now executive chairman of Best Buy, speaks with Becca Coggins, a leader in McKinsey’s global retail practice, about Best Buy’s organizational transformation and how the coronavirus pandemic is changing the key measures of performance.This interview was recorded at the 2020 Global Business Leaders Forum, which was held online. Support the show: https://www.linkedin.com/showcase/mckins...

Jun 15, 202044 min

49. Planning ahead of the crisis

Read more >    Listen to the podcast (duration: 31:54) >   The coronavirus outbreak is shaping up to be the biggest economic crisis since World War II. The challenges associated with the virus are much larger than companies are used to dealing with, and firms need to have an adaptable operating model that can withstand an extraordinary level of uncertainty. How can companies adjust their business recovery responses according to the shifting time-frames? Support the show: h...

Jun 12, 202032 min

48. Navigating unprecedented disruption

Read more >    Listen to the podcast (duration: 29:32) >   In early April we sat down with two leaders from the McKinsey Global Institute to discuss their perspectives on how the long-term, structural trends driving global disruption are now intersecting with the current economic and health crisis. Jonathan Woetzel is a senior partner and director of the McKinsey Global Institute. He joined us from his home in the Los Angeles area. Susan Lund is a partner and leads MGI’s r...

Jun 10, 202030 min

47. Making your business transformation stick

Read more >    Listen to the podcast (duration: 27:58) >   In this episode, McKinsey contributor Cam MacKellar talks with two senior partners, Chris Bradley and Wesley Walden, about their research on improving the results of business transformation efforts. Support the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ See www.mckinsey.com/privacy-policy for privacy information...

Jun 04, 202028 min

46. Protecting our lives and our livelihoods from coronavirus

Read more >    Listen to the podcast (duration: 30:21) >   The COVID crisis has dominated headlines - and our lives - and it’s still not clear when and how we will return to the world we knew. Many questions remain. How will communities, businesses, and governments continue to respond to the crisis and what are the range of possible scenarios for decision makers to consider?To offer some perspective on these questions we feature a recent conversation between Sven Smit and ...

Jun 01, 202030 min

45. The war on the coronavirus

Read more >    Listen to the podcast (duration: 41:24) >   McKinsey partner Yuval Atsmon talks with three top US Air Force and Navy leaders about what corporate executives can learn from the practices of military commanders. Michael Donley served as the 22nd secretary of the United States Air Force. He has 30 years of experience in the national security community, including service on the staffs of the United States Senate, White House, and Pentagon. Robert Kehleris a reti...

May 29, 202041 min

44. Four ways to assess projects and keep them on track

Read more >    Listen to the podcast (duration: 37:07) >   Biases can lead executives to misjudge project potential, ignore potential pitfalls, and leave failures to fester. In this episode, McKinsey partner Tim Koller and University of Sydney professor of business strategy Dan Lovallo speak with McKinsey Strategy & Corporate Finance communications director Sean Brown about how to bust common biases by avoiding snap judgements, eliciting strong arguments for and against pr...

May 27, 202037 min

43. CFO leadership in the COVID-19 crisis

Read more >    Listen to the podcast (duration: 22:12) >   As companies craft their responses to the COVID-19 crisis, CFOs are in the thick of the action. They need to make sure that their organizations weather the immediate business shocks while preparing them to emerge from the crisis in the best possible shape.In this episode of the Inside the Strategy Room podcast, Strategy and Corporate Finance communications director Sean Brown talks with three of McKinsey’s corporat...

May 15, 202022 min

42. Cash preservation in response to COVID-19

Read more >    Listen to the podcast (duration: 27:05) >   During the COVID-19 crisis, a core priority for many companies is preserving cash. In this episode, Strategy and Corporate Finance communications director Sean Brown talks with three of McKinsey’s corporate finance experts about the best ways to ensure liquidity now and manage cash and working capital as the business environment starts to stabilize. Kevin Carmody is one of the founders of McKinsey’s Transformation ...

May 08, 202027 min

41. COVID-19: Implications for business

Read more >    Listen to the podcast (duration: 18:30) >   In this episode we share excerpts from a webcast session on COVID-19’s implications for business resilience. It was recorded at the 2020 Global Business Leaders Forum, which had been scheduled to take place in New York in early April but was instead held online. In conversation with Strategy and Corporate Finance communications director Sean Brown, two McKinsey experts offer their perspectives on how businesses can...

Apr 10, 202019 min

40. COVID-19: How business leaders should plan ahead for the next stage

Read more >    Listen to the podcast (duration: 23:11) >   In early April 2020 we hosted our annual Global Business Leaders Forum. We held the Forum online and focused the first day on the COVID-19 pandemic and its impact on business. Martin Hirt, a senior partner in our Greater China Office and the global co-leader of the Strategy and Corporate Finance Practice, recently co-authored two articles on the crisis titled “Safeguarding our lives and our livelihoods: The imperat...

Apr 08, 202023 min

39. Why ESG is here to stay

Read more >    Listen to the podcast (duration: 25:34) >   Environmental, social, and governance(ESG) issues are playing an increasing role in companies’ decisions around mergers, acquisitions, and divestitures. But how do these factors link to corporate performance and deal potential? In this episode, two experts share their insights on navigating this fast-changing landscape. Sara Bernow, who leads McKinsey’s work in sustainable investing and co-leads the institutional i...

Apr 07, 202026 min

38. Getting a grip on revenue synergies

Read more >    Listen to the podcast (duration: 21:39) >   With the cost of money low and the competition for deals high, revenue synergies are playing a bigger part in the rationale for acquisitions.In this episode, three McKinsey experts discuss the challenges around capturing revenue synergies in mergers.In their conversation with Strategy & Corporate Finance communications director Sean Brown, partners Alex Liu and Nikolaus Raberger along with associate partner John Ch...

Apr 01, 202022 min

37. What sets the world’s best CEOs apart

Read more >    Listen to the podcast (duration: 33:05) >   McKinsey senior partners Carolyn Dewar and Scott Keller discuss the six dimensions that separate exceptional CEOs from the rest of the pack.They also provide guidance on how current and future leaders can join that elite group. Support the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ See www.mckinsey.com/privacy-policy for privacy information...

Mar 06, 202033 min