Monthly Highlights, July 2024

Monthly Highlights, July 2024

Generative AI (gen AI) has the potential to profoundly alter our professional and personal lives, says Silicon Valley pioneer Reid Hoffman, who chatted with McKinsey’s Lareina Yee for a new episode of the At the Edge podcast. In this month’s featured story, Hoffman explains why he envisions the technology as not only a tool for individual tasks but also one that enhances collective team effectiveness, optimizes workflows, and facilitates decision making within organizations. Other highlights in this month’s issue include the following topics:

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the nine trends defining the global consumer market

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why leaders should strive to lead from the “inside out”

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the state of labor markets in advanced economies

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how leading companies build distinctive capabilities

Editor's choice

Gen AI: A cognitive industrial revolution

Silicon Valley pioneer Reid Hoffman explains why we should view generative AI as a “steam engine of the mind” that promises to profoundly alter our professional and personal lives.

Tune in

THIS MONTH's HIGHLIGHTS

A cheerful group of senior friends strolling down a European sidewalk, engaged in conversation and carrying shopping bags.

State of the Consumer 2024: What’s now and what’s next

Amid massive shifts in the consumer landscape, companies can’t afford to rely on yesterday’s consumer insights. Here are nine trends that merit close attention.
Delve into the 9 trends

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The ‘inside out’ leadership journey: How personal growth creates the path to success

In a new book, four McKinsey senior partners show why leaders must connect with themselves first before they can inspire and empower their organizations.
Embrace the human side of leadership

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Help wanted: Charting the challenge of tight labor markets in advanced economies

For almost two decades, labor markets across advanced economies have tightened—and the trend is set to continue. This article provides a data-driven look via charts to understand the implications.
Grow the supply-side pie

A soft blue backdrop frames a dynamic, three-dimensional display of swirling colors. The shape initially appears as a small, blue form in the upper left corner, but gradually grows in size and incorporates shades of purple and orange as it engulfs the entire screen.

Building a superpower: What can we learn from the Magnificent Seven?

A distinctive capability can lift a company’s performance. But it’s not easy to build one. Here’s a guide to how today’s stock market favorites have created enduring competitive advantages.
Build enduring capabilities

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What it takes to create a winning transformation

Successful organizations move a transformation from ambition to action. Here’s what it takes.
Get your briefing

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Keep calm and allocate capital: Six process improvements

The most effective resource allocation processes are radically simple.
Turn strategy into action

ALSO New

The ups and downs of global productivity

Banking on interest rates: A playbook for the new era of volatility

Digital transformation: Health systems’ investment priorities

Managing the risks around generative AI

Bias Busters: Next in line? A structured approach to succession planning

Rescuing the decade: A dual agenda for the consumer goods industry

Delivering services to the public—digitally—with Jennifer Pahlka

Decarbonizing logistics: Charting the path ahead

From ripples to waves: The transformational power of tokenizing assets

Harnessing analytics and AI to shape the future of mobility retail

When failure is an option: Fostering organizational innovation and learning

Out Now

What to read next: McKinsey’s 2024 annual book recommendations

Looking for your next book? Each year, McKinsey seeks out the best books in business, technology, workplace culture, and more. Here’s our 2024 list, recommended by CEOs, founders, editors in chief, and other global leaders.

Dive in

Special features

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McKinsey Explainers

Find direct answers to complex questions, backed by McKinsey’s expert insights.
Learn more

McKinsey Themes

Browse our essential reading on the topics that matter.
Get up to speed

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McKinsey on Books

Explore this month’s best-selling business books prepared exclusively for McKinsey Publishing by Circana.
See the lists

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McKinsey Chart of the Day

See our daily chart that helps explain a changing world—as we strive for sustainable, inclusive growth.
Dive in

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McKinsey Classics

To learn how to shift your mindset in service of stronger, more purposeful leadership, read Johanne Lavoie’s 2014 classic, “Lead at your best.”
Rewind

The CEO Shortlist

Four of our best new ideas for the C-suite.
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—Edited by Eleni Kostopoulos, managing editor, New York

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