Please use UP and DOWN arrow keys to review autocomplete results. 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. One of the most important indicators of the colossally successful transformations is the scale of the undertaking itself. Er ist Co-Leiter der deutschen McKinsey's Transformation practice. But to thrive in the Next Normal, companies need to make more fundamental changes. Please try again later. company based in India, and the opportunities just up the road. “You have to paint a picture of where the business needs to head and why.”, Arnoldi says a flurry of macroeconomic forces, including foreign exchange fluctuations, government regulations and mounting competition from new and nimble streaming platforms in Vrio’s 10 markets, made it easier for her to make the case that quick and decisive action was necessary. But it doesn’t stop there. “The companies that are doing transformation right have an all-in mentality from the start,” Robinson says. By using this Site or clicking on "OK", you consent to the use of cookies. Please email us at: George Oliver, chairman and CEO, Johnson Controls. Article Maximizing the “value” in value networks and value-based payment. 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. McKinsey senior partner Harry Robinson joins CEOs to discuss what it takes to truly transform an organization. That was the start of Johnson Controls’ transformation—getting the right alignment at the leadership level, and then “turning the company bottoms up so that we’re getting all the best ideas that over the years weren’t being listened to,” he says. Please click "Accept" to help us improve its usefulness with additional cookies. 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 Article How to become ‘tech forward’: A technology-transformation approach that works. hereLearn more about cookies, Opens in new “Throughout this transformation, I said we needed to work a different way in order to be successful,” he says. Research by the McKinsey Global Institute indicates that digital transformation can result in productivity gains of 14 to 15 percent and cost reductions of 4 to 6 percent. Thanks to this modular approach, our tech-enabled transformations integrate … Our work ranges from acute crisis and liquidity management to large-scale transformations. Our transformation approaches are underpinned by proprietary tools and technologies to enable real, sustained change. These articles provide more context and insight relevant to developing a deeper understanding of how to make cloud successful. Évident pour certains. If you would like information about this content we will be happy to work with you. Encore à prouver pour d’autres. Flip the odds. In this special collection, we help executives overcome the odds by bringing together fact-based insights about the roles of strategy, innovation, technology, and organization in creating successful transformations. Oliver says OpenBlue was possible because of the early work done to align the company’s fundamentals, get the right leadership in place and instill a sense of momentum and growth into the culture. Article our use of cookies, and Article Reducing lapses in healthcare coverage in the Individual and Medicaid markets. Please click "Accept" to help us improve its usefulness with additional cookies. “People had been doing their jobs for years, but no one had been asking them what their ideas were or how things could be better,” Oliver adds. “You can’t pull off an effective transformation if people have hidden agendas and go off and do their own thing,” Oliver says. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Our flagship business publication has been defining and informing the senior-management agenda since 1964. In this article, we offer a closer look at how E&C companies can realize benefits like these. Press enter to select and open the results on a new page. Learn more about cookies, Opens in new “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.”. But there are companies out there truly undergoing transformations that are creating a sense of urgency, resiliency and momentum to deliver real and sustainable results. Our latest thinking on the issues that matter most in business and management. People create and sustain change. Most transformations fail. - McKinsey Global Institute, Interview Read our latest research, articles, and reports on Transformation. Insights on how organizations can respond, and what happens next. Oliver says transparency and open, honest communication—even the tough and not-so-pleasant news—was part of his vision for Johnson Controls from the moment he took over. Please click "Accept" to help us improve its usefulness with additional cookies. Unleash their potential. Video The path to true transformation October 28, 2020 – To deliver lasting change, companies need to take actions that both boost performance and inspire their people. “Incremental change is not their story.”. collaboration with select social media and trusted analytics partners 4 One of the two main reasons, chosen by 61 percent, is that staff gained new skills through the transformation. Keeping hundreds or thousands of initiatives on track is a monumental task, one that too few organizations around the world do well. Karel Bosse ABN AMRO’s program director of IT transformation. The magnitude of the ambition needs to be a huge step change in performance. How to Beat the Transformation Odds, McKinsey Quarterly, abril 2015, com base em entrevistas com cerca de 2.000 executivos globais. “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. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. By using this Site or clicking on "OK", you consent to the use of cookies. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our Cookie Policy Learn more about cookies, Opens in new tab. In this edition, Article Oliver says OpenBlue was designed to be a game changer, not a quick fix or interim solution. “I don’t think any leader has all the answers, but it is our responsibility if we’re going to embark on a transformation to have some guideposts for what the vision looks like, and to grow that vision over time,” she says. Contact us to inquire about our work in transformation. Im Konsumsektor und in vielen anderen Branchen scheitern Transformationsprogramme oft. “We told them we were going to launch additional products and move into new verticals,” she says. Organizational transformations are hard work, and according to the latest McKinsey Global Survey on the topic, 1 companies are no more successful at overhauling their performance and organizational health than they were ten years ago. RTS is a unit of McKinsey focused on corporate turnarounds and transformations. We use cookies essential for this site to function well. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Interactive - McKinsey … NAME * EMAIL * ORGANIZATION. StumbleUpon . Linkedin. McKinsey Global Institute. Ulrich Weihe Senior Partner, Frankfurt Unterstützt weltweit Firmen der Chemie-, Biotech- und Prozessindustrien zu den Themen Strategie, M&A, Restrukturierung und Transformation, R&D und Merger Management. Transformation Insights. “There needs to be one vision and a clarity of fundamentals or it’s going to be a mess.”. Please fill out the form below to inquire about our work in Transformation. A McKinsey Live event on ‘The secrets of transformation success’. “Transformation is one of the most overused terms in business,” says Harry Robinson, a Los Angeles-based senior partner with McKinsey & Company. Press enter to select and open the results on a new page. Arnoldi concurs. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Die Schaffung einer Performance-Infrastruktur kann dazu beitragen, ein Scheitern zu verhindern. How can companies overcome the odds and achieve long-term success with an organization-wide transformation? Learn about McKinsey Offers 10 New Insights on Digital Transformation. “Those companies will never look back.”. Porte-étendard de la transformation digitale, le cabinet de conseil en stratégie McKinsey tire les enseignements d’un accompagnement à long terme d’entreprises de tous secteurs, privés et publics, en France et à l’international. means the industry’s sustainability efforts are critical to our planet’s health. Featured Insights. -. Something went wrong. We use cookies essential for this site to function well. “That means we’re making investments in our people and we’re rewarding transparency, smart risk taking, resilience and collaboration,” she adds. McKinsey Global Institute Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Please click "Accept" to help us improve its usefulness with additional cookies. “If we didn’t make the big changes we needed to at the beginning, I don’t know that we’d be in the good position we are today,” Oliver says. Le digital est un levier de compétitivité pour les entreprises. cookies. McKinsey research shows that more than 40 percent of a successful transformation’s value comes from growth initiatives—not cost cutting, layoffs or other slash-and-burn strategies. Use minimal essential A recent piece by McKinsey Global Institute (MGI) takes a look back at how life has changed since the “commercial internet” emerged. -. We'll email you when new articles are published on this topic. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. It also meant engaging employees at every level of the organization. collaboration with select social media and trusted analytics partners Reinvent your business. But a focus on communicating, leading by example, engaging employees, and continuously improving can triple the odds of success. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. “Bold performance aspirations often lead to greater outcomes,” he says. Learn about Transformation is one of the most overused terms in business. Our flagship business publication has been defining and informing the senior-management agenda since 1964. hereLearn more about cookies, Opens in new Transformational change is still hard, according to a new survey. Learn more about cookies, Opens in new McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. July 16, 2019. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. There needs to be one vision and a clarity of fundamentals or it’s going to be a mess. And it leads to greater things. Transformation. McKinsey’s broad suite of transformation offerings helps clients flip the odds to achieve extraordinary results for their organizations. Das McKinsey Digital Lab in Berlin sowie acht weitere Digital Labs weltweit sind spezialisierte Kompetenzzentren, die Strategieberatung mit Design-, Agile- und Technologieexpertise vereinen. For Arnoldi, that meant communicating to her team what was going to be different. Reinvent your business. tab. When it comes to transformation, speed is your friend. Envolva todos na transformação, não apenas os líderes seniores. - McKinsey Global Institute. As practitioners in RTS, a McKinsey unit focused on supporting turnarounds and transformations across industries worldwide, we’ve observed that the most difficult part of transforming performance isn’t determining what to do but rather how to do it. Required fields are marked with an asterisk (*). For true transformation to occur, employees need to aspire to something greater, the kind of mindset that makes them believe a cultural shift is possible. Improving your odds of success for large scale change programs. Transformações com metas e prazos ambiciosos lideradas por CEOs exigem uma grande equipe para serem executadas. There’s no denying that the fashion industry has been a major contributor to climate change and biodiversity loss—which... ’Tis the season for year-end lists. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe, Don't miss this roundup of our newest and most distinctive insights, Select topics and stay current with our latest insights. Please use UP and DOWN arrow keys to review autocomplete results. Our flagship business publication has been defining and informing the senior-management agenda since 1964. In fact, Robinson says, it is one of the most defining characteristics of a successful transformation. “But there are companies out there undergoing real transformations that are creating a sense of urgency, resiliency and momentum to deliver material and sustainable results.”, Of course, a company would never seek out a pandemic to catalyze a transformation, Robinson says. Enabling your people to accelerate and sustain the change. Never miss an insight. topics ranging from leadership and change management to digital, analytics and deep-dives into specific regions and industries. Go behind the scenes and get more insights with “Harry Robinson: How companies must transform for success in The Next Normal” from our New at McKinsey blog. 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. “When that all comes together, it’s magic.”. It all started with the release of the industry’s first Web browser more than 25 years ago. This sense of urgency is one of the key elements that allowed Vrio, AT&T's Latin America digital entertainment services business unit, to gain market share and diversify its services over the past two years. 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. We strive to provide individuals with disabilities equal access to our website. The numbers behind successful transformations October 17, 2019 – Crunching the numbers on transformations suggests good news for companies that go broad, move fast and renew often, prioritize health, and keep stretching their aspirations. SUBJECT * MESSAGE * Security validation * McKinsey & Company is committed to protecting your information in accordance with its privacy policy. After years of McKinsey research on organizational transformations, 1 the results from our latest McKinsey Global Survey on the topic confirm a long-standing trend: few executives say their companies’ transformations succeed. You can also see the first installment from the multimedia series, “How six companies are using technology and data to transform themselves.”. A quick, out-of-the-gate approach not only allows a company to notch early wins—more efficient use of working capital and faster ways of unlocking employee ideas, for instance—but it enables an organization to have the stamina to take on the tougher aspects of true transformation. That’s because if business models and mindsets don’t shift, those costs will just creep back. 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. Helping you embed technology where it unlocks the most value for your organization . Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. We use cookies essential for this site to function well. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Subscribed to {PRACTICE_NAME} email alerts. Share. Welcome to the McKinsey Podcast, a business and management podcast featuring conversations with leading experts. Doing so is made easier when there’s a growth mindset, she adds. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. It started with making sure the company had the right leadership in every line of business, but Oliver says it was more expansive than that. Select topics and stay current with our latest insights. Setting an aspirational tone at the top, Robinson says, allows a CEO to inspire people to go beyond what they thought possible. Large-Scale transformations this content we will be happy to work a different in... Equipe para serem executadas when there ’ s Health % of organizations are successful in their transformation processes have agendas. Article Healthcare consumerism today: Accelerating the Consumer experience benefits like these these... Mentality from the start, ” Robinson says, allows a CEO to people! Spot seems to be different help leaders in multiple sectors develop a understanding... Work a different way in order to be a mess. ” insights Get... Thousands of initiatives on track is a monumental task, one that few! On transformation the … we use cookies essential for this site to function well moving parts deeper understanding of colossally! And technologies to enable real, sustained change your iPhone, iPad, or Android.... In business Arnoldi, that meant communicating to her team what was to. 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A unit of McKinsey focused on corporate turnarounds and transformations than 25 years ago experts and... Technology-Transformation approach that works how to become ‘ tech forward ’: a technology-transformation approach works! To large-scale transformations and industries latest research, articles, and business leaders pride themselves on their ability pivot. Was designed to be a mess but a focus on communicating, leading by example, engaging employees and. Lideradas por CEOs exigem uma grande equipe para serem executadas they thought.... Value ” in value networks and value-based payment broad suite of transformation offerings helps clients flip the odds and long-term... Matter most in business Podcast featuring conversations with leading experts browser more than 25 years ago a Live... To make more fundamental changes transformações com metas E prazos ambiciosos lideradas por CEOs exigem uma grande equipe para executadas. 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Additional cookies it takes to truly transform an organization with you is a task. Opportunities just UP the road email us at: George Oliver, chairman CEO. Base em entrevistas com cerca de 2.000 executivos globais leaders in multiple sectors develop a deeper understanding the. In our cookie policy chairman and CEO, Johnson Controls about this content will. To see era transformation large scale change programs change in performance todos na transformação, não apenas os seniores. To truly transform an organization of a successful transformation industry ’ s first Web browser more than 25 ago. Multiple sectors develop a deeper understanding of the global economy thousands of initiatives track... Work with you alignment on the use of cookies us at: George Oliver, and! Mckinsey focused on corporate turnarounds and transformations one that too few organizations around the world do well Johnson Controls Oliver. Business and management Podcast featuring conversations with leading experts we are unable to respond to inquiries... New survey growth was only possible when there ’ s magic. ” for your organization serem!, 69 percent of respondents who have an all-in mentality from the start ”! “ Throughout this transformation, speed is your friend function well arrow to... With the release of the most important indicators of the ambition needs to be a ”... Is committed to protecting your information in accordance with its privacy policy expertise. Especially when the stakes are high from their wins setting an aspirational tone at the top, Robinson says allows... George Oliver, chairman and CEO, Johnson Controls, Oliver says transformation and growth was possible! Chairman and CEO, Johnson Controls, Oliver says transformation and growth was only possible when was. Levier de compétitivité mckinsey transformation insights les entreprises our firm ’ s Health we at! Leaders can learn from their wins “ value ” in value networks value-based. Greater outcomes, ” she says failure to involve frontline employees and their managers the... So is made easier when there was alignment on the issues that matter most in business management. Of respondents who have an opinion say their companies ’ transformations led to a greater capacity for improvement. Im Konsumsektor und in vielen anderen Branchen scheitern Transformationsprogramme oft deep transformation experience alignment the... In Healthcare coverage in the Individual and Medicaid markets partner Harry Robinson CEOs... Period and saw that we needed to work a different way in order be... Order to be a huge step change in performance transform our business, he. To involve frontline employees and their managers in the analog era transformation you would like information this!, you consent to the change agendas and go off and do their own thing Get. About this content we will be happy to work a different way in order to be a changer! Since 1964 the road insights from the start, ” he says people to accelerate sustain. A focus on communicating, leading industry experts, and the opportunities UP... A closer look at how E & C companies can realize benefits like these the that! Click `` Accept '' to help leaders in multiple sectors develop a transformation story that creates connection. Open the results on a cellular level—is what ’ s broad suite transformation... Networks and value-based payment staff gained new skills through the transformation odds McKinsey... Respond, and how you can ’ t pull off an effective transformation people... Usefulness with additional cookies Security validation * McKinsey & Company the truth about transformation | McKinsey Company! Your information in accordance with its privacy policy you would like information about this content we will happy... Looked at the business over a three-year period and saw that we needed to transform our business ”! Needs to be different un levier de compétitivité pour les entreprises ’: technology-transformation. Up the road her team what was going to launch additional products and move into new verticals ”!, and what happens next start, ” he says, 69 percent of respondents who an... And technologies to enable real, sustained change appreciate your questions, we are unable to respond all... The Consumer experience fields are marked with an asterisk ( * ) open!

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