Though the banking industry has had its best period since 2007, banks still need to acknowledge recent structural and macroeconomic shifts and look for ways to evolve with markets. On this episode of The McKinsey Podcast, McKinsey senior partner Alex Edlich and partner Reinhard Höll join editorial director Roberta Fusaro to discuss the findings of McKinsey’s Global Banking Annual Review. They outline the new challenges banks are facing and suggest how leaders can address those challenges. See www.mckinsey.com/privacy-policy for privacy information ..read more

What is a geek? What geek norms are associated with success?  Andrew McAfee will answer these questions and more. He’s a principal research scientist at the MIT Sloan School of Management and author of the new book, The Geek Way: The Radical Mindset that Drives Extraordinary Results. This is a guest episode from McKinsey’s Forward Thinking podcast, with co-host and McKinsey partner Michael Chui. See www.mckinsey.com/privacy-policy for privacy information ..read more

Across the United States, consumers are continuing to spend, but they’re not opening their wallets too wide. Joining us are McKinsey partners Colleen Baum and Tamara Charm who say retailers that offer personalized promotions, same-day delivery, and “buy now, pay later” plans are more likely to capture cautious consumers’ holiday spending. Learn more about US consumers’ holiday shopping behaviors and expectations on this guest episode of the McKinsey on Consumer and Retail podcast, hosted by Monica Toriello.  See www.mckinsey.com/privacy-policy for privacy information ..read more

We’ve all heard lots about cloud technology, but, according to new McKinsey research, only 20 to 30 percent of industries are using it regularly and at scale. On today’s episode of The McKinsey Podcast, McKinsey senior partners Mark Gu and James Kaplan share findings from the report, “In search of cloud value: Can generative AI transform cloud ROI?” They talk about why cloud technology is essential in business, what’s holding companies back from getting the most value from their cloud programs, and the steps they can take to improve their cloud capabilities. But first—did you realize that six ..read more

If productivity is down in your organization, it may be a sign that at least some employees are unmotivated and unhappy—and that other employees are feeding on that dissatisfaction, further eroding productivity and creating attrition. On this episode of The McKinsey Podcast, McKinsey senior partner Aaron De Smet and partner Angelika Reich talk about McKinsey’s latest research on employee productivity and their perspectives on a few types of workers, ranging from those who bring fellow employees down to those who raise them up. Theme music produced, composed, and performed by Joy Ngiaw. See www ..read more

“Revenge travel.” It’s what a lot of people are doing these days–hitting the runways in big numbers to make up for time lost during the pandemic. McKinsey recently partnered with Skift, a leading travel industry news site, to write a report about travel in the age of AI. McKinsey partners Alex Cosmas and Vik Krishnan the research which drew from interviews with a range of travel executives.   Theme music produced, composed, and performed by Joy Ngiaw. See www.mckinsey.com/privacy-policy for privacy information See www.mckinsey.com/privacy-policy for privacy information ..read more

Hybrid work has roiled the real estate market—and it’s here to stay, according to new research from the McKinsey Global Institute. On this episode of The McKinsey Podcast, McKinsey senior partners Aditya Sanghvi and Jonathan Woetzel chat with global editorial director Lucia Rahilly about how the persistence of the pivot to working from home has transformed the places we work, live, shop, and socialize—and about the unique opportunity hybrid presents to rethink real estate for our changing future. See www.mckinsey.com/privacy-policy for privacy information ..read more

When times get tough, marketing budgets are among the first ones cut. But such cutbacks can be shortsighted. On this edition of The McKinsey Podcast, McKinsey senior partner Kelsey Robinson chats with cohost and editorial director Roberta Fusaro about why chief marketing officers should instead be empowered to adopt an investor mindset—that is, focus on eliminating inefficient spending and reinvesting it in high-growth marketing activities. By taking a full-funnel approach to their marketing strategies, companies are more likely to weather any economic storm that may come their way.   Als ..read more

As companies struggle to understand the implications and applications of generative AI, one thing seems clear: AI and its future iterations are not going anywhere. On this episode of The McKinsey Podcast, senior partner Kweilin Ellingrud and partner Saurabh Sanghvi share findings from McKinsey’s latest report on gen AI with editorial director Roberta Fusaro and explain why companies must pivot to embrace the technology itself and the deep and lasting changes it may create. Individual and organizational adaptability will be critical. Also on this episode, the advent of gen AI has many people th ..read more

The stakes are high when it comes to tackling the unprecedented mental health issues facing today’s teens. In this episode of The McKinsey Podcast, global editorial director Lucia Rahilly speaks with McKinsey partner and coleader of the McKinsey Health Institute Erica Coe and the founding president and medical director of the Child Mind Institute, Harold Koplewicz, about what the struggle means for society at large. Then, Maggie Smith, author of You Could Make This Place Beautiful (Atria/One Signal Publishers, April 2023), shares how grief can be transformative, in an interview excer ..read more