Inside the Strategy Room

Many executives believe making growthsustainable and inclusive [https://www.mckinsey.com/featured-insights/sustainable-inclusive-growth/our-future-lives-and-livelihoods-sustainable-and-inclusive-and-growing]requires inscrutable trade-offs, forgoing revenue and profit for the sake of society and the planet. That is not always the case. Our new analysis indicates financially successful companies that integrate environmental, social, and corporate governance (ESG) priorities into their growth strategies outperform their peers—provided they also outperform on the fundamentals. The message is clear: not only can you do well while doing good—you can do better. Our guests are Rebecca Doherty [https://www.mckinsey.com/our-people/rebecca-doherty], Claudia Kampel [https://www.linkedin.com/in/claudia-kampel-85497aa2/en?originalSubdomain=de], and Werner Rehm [https://www.mckinsey.com/our-people/werner-rehm]. Related insights: The triple play: Growth, profit and sustainability [https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-triple-play-growth-profit-and-sustainability] Five ways that ESG creates value [https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/five-ways-that-esg-creates-value] * Join ourLinkedIn community [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/?viewAsMember=true]of more than 90,000 members and follow us on X at@McKStrategy [https://twitter.com/McKStrategy]. Explore our collection of Inside the Strategy Roomepisode transcripts on McKinsey.com [https://www.mckinsey.com/itsr] Join 90,000 other members of our LinkedIn community: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/] See www.mckinsey.com/privacy-policy [https://www.mckinsey.com/privacy-policy] for privacy information

The role of chief transformation officer (CTO) is often linked with cost-cutting. In this episode, we discuss how this is a misleadingly narrow view and explain why and how CTOs should correct that misconception and redefine the role. Our guests are Kevin Carmody [https://www.mckinsey.com/our-people/kevin-carmody], a senior partner in our Chicago office, AD Bhatia [https://www.mckinsey.com/~/media/mckinsey/email/rethink/2023/08/2023-08-02c.html], a partner in our New Jersey office, and Emily Rizzi, an associate partner based in our Pittsburgh office. Related insights * Meet the newest member of the consumer C-suite: The chief transformation officer [https://www.mckinsey.com/capabilities/transformation/our-insights/meet-the-newest-member-of-the-consumer-csuite-the-chief-transformation-officer?cid=other-eml-mtg-mip-mck&hlkid=7cc34f0f1b7d40c0a595b7e44b1e0d78&hctky=1926&hdpid=6343684f-ef15-4a20-b4db-7807ba7d90ef] * How companies can transform with workers’ insights [https://www.mckinsey.com/~/media/mckinsey/email/rethink/2023/08/2023-08-02c.html] Join ourLinkedIn community [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/?viewAsMember=true]of more than 90,000 members and follow us on X at@McKStrategy [https://twitter.com/McKStrategy]. Explore our collection of Inside the Strategy Roomepisode transcripts on McKinsey.com [https://www.mckinsey.com/itsr] Join 90,000 other members of our LinkedIn community: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/] See www.mckinsey.com/privacy-policy [https://www.mckinsey.com/privacy-policy] for privacy information

We speakBrian Vickery [https://www.mckinsey.com/our-people/brian-vickery] and John Spivey [https://www.mckinsey.com/~/media/mckinsey/email/rethink/2023/07/2023-07-05d.html], two authors of the 2023 McKinsey Global Private Markets Review [https://www.mckinsey.com/industries/private-equity-and-principal-investors/our-insights/mckinseys-private-markets-annual-review]. Brian and John join us to explore recent trends in private markets. They analyze why the markets have enjoyed strong tailwinds since the depths of the Global Financial Crisis and look at the origins of the recent slowdown. Will private markets continue to face headwinds? How did private market performance compare to public markets? That’s what we’re here to find out. Related insights * McKinsey Global Private Markets Review: Private markets turn down the volume [https://www.mckinsey.com/industries/private-equity-and-principal-investors/our-insights/mckinseys-private-markets-annual-review] * Follow Brian's new podcast, Deal Volume [https://podcasts.apple.com/gb/podcast/deal-volume/id1687547933]Join ourLinkedIn community [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/?viewAsMember=true]of more than 90,000 members and follow us on X at@McKStrategy [https://twitter.com/McKStrategy]. Explore our collection of Inside the Strategy Roomepisode transcripts on McKinsey.com [https://www.mckinsey.com/itsr] Join 90,000 other members of our LinkedIn community: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/] See www.mckinsey.com/privacy-policy [https://www.mckinsey.com/privacy-policy] for privacy information

In this episode, we explore the core principles of a successful investor relations strategy. We're joined by Werner Rehm [https://www.mckinsey.com/our-people/werner-rehm], a partner in our New Jersey office, Jay Gelb [https://www.mckinsey.com/our-people/jay-gelb], a partner in our New York office, David Honigmann, a senior expert in our London office, and Karl Mahler [https://www.linkedin.com/in/karl-mahler-984ba5170/?originalSubdomain=ch], a senior adviser to McKinsey based in Zurich who brings over 30 years of experience as a healthcare executive, including as head of investor relations at Hoffmann-La Roche. We discuss why you should focus communication on the large intrinsic investors that matter the most, how to communicate with those intrinsic investors, and how to take a one-story approach that ensures communication is consistent across all groups. Related insights: Should you start issuing EPS guidance again? [https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/should-you-start-issuing-eps-guidance-again] A better investor story for insurers [https://www.mckinsey.com/industries/financial-services/our-insights/insurance-blog/a-better-investor-story-for-insurers] Valuation: Measuring and Managing the Value of Companies, 7th edition [https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/valuation-measuring-and-managing-the-value-of-companies] Join ourLinkedIn community [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/?viewAsMember=true]of more than 90,000 members and follow us on X at@McKStrategy [https://twitter.com/McKStrategy]. Explore our collection of Inside the Strategy Roomepisode transcripts on McKinsey.com [https://www.mckinsey.com/itsr] Join 90,000 other members of our LinkedIn community: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/] See www.mckinsey.com/privacy-policy [https://www.mckinsey.com/privacy-policy] for privacy information

Our guest is Eric Lamarre [https://www.mckinsey.com/our-people/eric-lamarre], a senior partner in our Boston office and coauthor of the new book, Rewired: The McKinsey Guide to Outcompeting in the Age of Digital and AI [https://www.mckinsey.com/featured-insights/mckinsey-on-books/rewired]. Eric and his coauthors, fellow senior partners Kate Smaje [https://www.mckinsey.com/our-people/kate-smaje] and Rodney Zemmel, [https://www.mckinsey.com/our-people/rodney-zemmel]based their book on the results of more than 200 large-scale digital transformations, creating a detailed guide for companies seeking to outcompete in the age of digital and AI. They’ve found that to increase the odds of long-term success in a digital transformation, the C-suite must make fundamental changes to the company’s talent, operating model, technology and data capabilities. In this episode, we speak to Eric about those changes and discuss how executives can leverage them to ensure that their digital transformation is a success. Related insights: Rewired: The McKinsey guide to outcompeting in the age of digital and AI [https://www.mckinsey.com/featured-insights/mckinsey-on-books/rewired] The Wall Street Journal article mentioned by Eric: It’s Time to Get Rid of the IT Department [https://www.wsj.com/articles/get-rid-of-the-it-department-11637605133] Rewired for value: Digital and AI transformations that work [https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/rewired-for-value-digital-and-ai-transformations-that-work] Rewired to outcompete [https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/rewired-to-outcompete] Join ourLinkedIn community [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/?viewAsMember=true]of more than 90,000 members and follow us on Twitter at@McKStrategy [https://twitter.com/McKStrategy]. Explore our collection of Inside the Strategy Roomepisode transcripts on McKinsey.com [https://www.mckinsey.com/itsr] Join 90,000 other members of our LinkedIn community: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/ [https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/] See www.mckinsey.com/privacy-policy [https://www.mckinsey.com/privacy-policy] for privacy information