In today’s ever-shifting economic and geopolitical climate, business leaders face several organizational shifts that have significant implications for structures, processes, and people.
A recently launched McKinsey report addresses ten of the most pressing organizational shifts. ‘The State of Organizations 2023’ report uses data from a survey of more than 2,500 business leaders around the world, and seeks to support leadership teams and CEOs in their quest to adapt to these shifts and identify the opportunities they might bring.
Through research and conversations with business leaders and their teams, McKinsey’s report pinpointed the most pertinent organizational shifts, which can be challenging but also harbingers of opportunity. These shifts range from acquiring the resilience to bounce forward out of serial crises to identifying opportunities to make meaningful progress on diversity, equity, and inclusion, both in their organizations and in their communities and broader society.
Not only does the McKinsey report dive into the ten most important organizational shifts, but it also shares inspiring stories and best practices from beacons – organizations that have been able to adapt to recent economic and operational disruptions and forge a new path. The spotlighted companies are diverse in their outlook and geographies, but share common qualities, such as an unwavering commitment to their people and the ability to be able to transform in the face of challenges.
Offering an integrated approach to achieving organizational change at scale, the report concludes with a series of steps that leaders can consider if they want to unlock the most value from their organizations. The steps comprise developing a clear perspective that is appropriate for the organization, cultivating talent, investing in leadership, and adapting – at scale – to changing circumstances, and to new opportunities and challenges.
McKinsey’s research shows a direct link between an organization’s health and its financial performance. The companies that can unlock the opportunities offered by organizational shifts can perform consistently better than – and overtake – the competition.
Read more about how to tackle the ten most significant organizational shifts and access McKinsey’s ‘The State of Organizations 2023’ report here: https://mck.co/3LXKbac