McKinsey on Finance, Number 81

Too many companies equate strategy with hitting financial goals. They underestimate the difficulty—and the value—of the real thing.

Decarbonization will reshape the economy, opening new markets and imperiling others. Now is the moment for companies to spot green growth opportunities and move boldly to take advantage.

Research shows there is a 50-50 chance that companies pursuing large M&A deals will outperform industry peers. Here are the four actions executives can take to increase those odds.

Worries about failure, criticism, and career impact hold back many people from embracing innovation. Here’s how to create a culture that accounts for the human side of innovation.

They can take five actions to improve objective-setting, performance measurement, and cultural factors associated with successful innovation projects.

Leaders need to recognize herd mentality when it happens—and explore the contrarian view to help break the spell.

Weighted average and median P/E ratios rarely diverge significantly—and when they do, the gap soon closes.