| Monthly Highlights, October 2022 |
Recent seismic events in Europe—including Russia’s invasion of Ukraine and the subsequent energy and cost-of-living crisis—underscore the importance of building long-term resilience in the region. But unless Europe addresses its technology gap, the region will be vulnerable across all sectors on growth and competitiveness, as well as security and strategic strength, write senior partners Sven Smit, Magnus Tyreman, Jan Mischke, and coauthors in a new report from the McKinsey Global Institute. This month, our featured story looks at the erosion of Europe’s corporate and technological competitiveness, describes the root causes, and proposes actions that can turn this challenge into a high-stakes opportunity. Other highlights in this month’s issue include the following topics:
- venture capitalist Bill Gurley on the promise and perils facing start-ups in the current economic environment
- what an extended period of high interest rates means for US companies
- why organizations should make geopolitical resilience a strategic priority
- the role of the chief information officer in combatting climate change
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| Editor’s choice |
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| Even amid war in Europe and the energy and cost of living crisis that has resulted, the region needs to pay attention to its slow-motion corporate and technology crisis. |
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| In the second episode of our series The Quarterly Interview: Provocations to Ponder, venture capitalist Bill Gurley explains the promise and perils facing start-ups at a moment of economic uncertainty and reveals why hybrid work may be the most interesting technology of all. Be ambitious |
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| The US economy continues to throw off mixed signals. But one thing is becoming clear: executives should prepare for an extended period of higher interest rates. Get primed |
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| Organizations need to strategically invest in capabilities, people, processes, structures, and technology to navigate the risks arising from an evolving and fraught geopolitical landscape. Create resilience |
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| Research shows that the most impact on IT-generated emissions can be found in unexpected places. Take action now |
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| Asian Americans often face invisible challenges at work. Organizations can maximize more of this group’s potential by acknowledging its diversity. Debunk the myths |
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| An estimated $600 billion worth of food is lost during or just after harvest. Can manufacturers and grocers do anything about it? Definitely—and it will be good for business, people, and the planet. Enable lasting change |
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| McKinsey is taking action to create a more inclusive economy through its work with clients and in local communities. Look closer |
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| A new book explores what could be the key to America’s future economic growth: its industrial manufacturing base. #TitaniumEconomyBook. Preorder now |
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| McKinsey senior colleagues share their formative early-career experiences to help you navigate yours. Watch the latest episode |
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| Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Play now |
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| There is an antidote to massive HR systems and questionnaire overload: understanding the HR function’s strategic goal. Read our classic article, “Getting beyond bureaucracy in human resources.” Rewind |
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| — Curated by Eleni Kostopoulos, a digital publishing manager in McKinsey’s New York office |
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