Inside the Strategy Room

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Inside the Strategy Room episodes

June 03, 2021 89. Untangling the often mysterious process of joining a corporate board

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Listen to the podcast (duration: 28:59) > The process of joining a public company’s board tends to be complex and confusing, especially for first-time directors. In this episode of the Inside the Strategy Room podcast, Celia Huber, who leads McKinsey’s board services work in North America, speaks with experts on board membership and governance from the executive search and leadership consulting firm Spencer Stuart, based in Chicago, and the independent investment management company Invesco, headquartered in Atlanta. Julie Daum, head of Spencer Stuart’s board practice in North America, and Sarah Beshar, a corporate lawyer who chairs the nomination and corporate governance committee on Invesco’s board, about the preparations and commitments that newcomers to board service should expect.
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29 min
May 20, 2021 88. Kevin Sneader on the eight trends that will define 2021–and beyond
Crises tend to give rise to remarkable innovations and insights. Today is just such a moment, raising challenges to many long-held beliefs about how companies should operate. In this episode, McKinsey’s global leader Kevin Sneader talks with senior partner Celia Huber about the eight trends that will shape the post-COVID-19 economy, which he writes about in his recent article, ‘The next normal arrives: Trends that will define 2021—and beyond’. Their conversation took place during a recent virtual event featuring conversations with business leaders around the world.
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24 min
May 17, 2021 87. Preparing for future growth: A conversation with Simon Pryce of Ultra Electronics

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Listen to the podcast (duration: 32:40) > As the former CEO of BBA Aviation and a senior executive at GKN, Simon Pryce has led organizations that grew rapidly through acquisitions. Now, as the CEO of Ultra Electronics, a British company that develops technology for defense and security industries, he is overseeing a corporate transformation that aims to position Ultra for future growth. In this episode of the Inside the Strategy Room podcast, he talks with Tanuja Randery, a partner in McKinsey’s Transformation Practice, about the company’s approach to innovation and how Ultra is building an adaptable workforce.
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33 min
May 12, 2021 86. The impact of COVID-19 on capital markets
The gaps in performance between different sectors, and the companies within those sectors, increased last year. A major reason is a small group of outperformers that already had massive stock valuations before the COVID-19 crisis and have pulled further ahead since. In this episode of the Inside the Strategy Room podcast, co-authors of a recent article discuss what the performance of capital markets during the pandemic indicates about future economic and investment trends. Tim Koller is a leader in McKinsey & Company’s corporate finance practice and the author of the best-selling book, Valuation. Peter Stumpner leads the corporate performance analytics group within the Strategy and Corporate Finance Practice. He is the co-author of another article on which this podcast is based, “The impact of COVID-19 on capital markets, one year in.”
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36 min
May 05, 2021 85. The Committed Innovator: Dometic’s Peter Kjellberg
An innovation strategy has to be backed with resources and patient follow-through, says Peter Kjellberg, the guest on this episode of the Committed Innovator series, part of our Inside the Strategy Room podcast. In a conversation with Erik Roth, who leads McKinsey & Company’s innovation work globally, the chief marketing officer for the Swedish maker of products for mobile and outdoor living and the home, describes how Dometic Group seized the recent rapid growth in food and beverage delivery to create new products for the industry and consumers.
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30 min
April 30, 2021 84. Managing in extreme uncertainty
In a time of crisis, especially one as deep and unique as the COVID-19 pandemic, uncertainty is extreme and information changes daily. Most organizations realized that they lack the tools to manage effectively in such conditions. In this episode, three McKinsey experts who are helping guide clients through the current crisis share the insights from their recent article, When nothing is normal: Managing in extreme uncertainty. Patrick Finn is a leader in McKinsey & Company’s Healthcare Systems and Services practice, serving management teams on topics ranging from corporate and business unit strategy to risk management and operations. Mihir Mysore is one of McKinsey & Company’s most experienced leaders on crisis response, helping large organizations manage operational risk, stabilize crisis situations, and build resilience. They are joined by Ophelia Usher, an expert on resilience, crisis preparedness, and crisis response and recovery.
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43 min
April 22, 2021 83. The role of boards in fostering resilience

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Listen to the podcast (duration: 36:43) > Boards of directors play a critical role in ensuring that management is well prepared for a wide range of potential shocks. In the fourth episode of our series on board perspectives around the most important issues facing organizations, this podcast looks at the role that boards play in building resilient companies. Frithjof Lund, who heads our board services work, leads a discussion with Gordon Orr, a non executive member of several companies’ boards and a McKinsey senior partner emeritus, and Martin Hirt, the global co-leader of McKinsey’s Strategy and Corporate Finance Practice. member of several companies’ boards and a McKinsey senior partner emeritus, and Martin Hirt, the global co-leader of McKinsey’s Strategy and Corporate Finance Practice.
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37 min
April 15, 2021 82. The workforce of the future

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Listen to the podcast (duration: 40:13) > A new report from the McKinsey Global Institute (MGI) indicates that up to 25 percent more workers than previously estimated may need to switch occupations. This episode of the Inside the Strategy Room podcast looks at how the pandemic crisis has permanently changed workplace conditions and skillsets needs, and how corporate leaders can prepare for this future. Susan Lund, an MGI leader and expert in global labor markets, is joined by her report co-author Sven Smit, co-chair of MGI, who helps leading companies develop strategies for growth. This is an edited transcript of the discussion.
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41 min
April 06, 2021 81. Collaborations between corporates and start-ups
Misconceptions abound about what corporations and start-ups should expect from their partnerships on innovation projects. Yet these collaborations are growing in importance as companies of all sizes try to rapidly respond to shifts in the marketplace, as our recent article highlights. In this episode of the Inside the Strategy Room podcast, Miao Wang, a leader in McKinsey’s innovation practice, is joined by Tawanda Sibanda, a partner with Leap by McKinsey, which helps established organizations build and scale new businesses, and Tobias Henz, who focuses on bringing corporates and start-ups together around digitization and data, to discuss ways to improve the odds of success of such partnerships.
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41 min
March 30, 2021 80. The CEO’s new technology agenda
In the past, top business leaders tended to delegate technology and IT priorities to specialists, but that is rapidly changing.

In this episode of the Inside the Strategy Room podcast, two McKinsey experts, who recently published an article on the topic, explain why technological investments must now be part of strategic planning at the highest corporate levels. Krish Krishnakanthan is a leader in McKinsey’s application maintenance and development work across North America, focusing on the high-tech and financial services sectors, and Gayatri Shenai helps clients drive transformative change at the intersection of strategy, digital, and operations.
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43 min

About Inside the Strategy Room

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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…