Fri.May 03, 2024

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The Rise of Collaboration Spaces

Office Space

How we view the traditional office space has changed dramatically over the past several years – particularly post-pandemic. If you’ve been paying attention to trends in the business world, you’ve likely been made aware of the term “collaboration spaces.” As we transition toward more flexible working schedules and hybrid work, this term will continue to be more common.

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Impact Family Wellness Shakes Off the Weight of Paperwork

The Receptionist

The average American’s medical debt is significant: as of 2023, we collectively owe over $140 billion to medical providers, hospitals, insurance companies, labs, and more. This pervasive problem often prevents people from getting necessary medical care whether they have insurance or not. In 2019, Monica McKitterick, a nurse practitioner, decided to forgo the complications associated with insurance by opening Impact Family Wellness , a direct primary care provider located near Austin, Texas.

Insurance 130
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Gen AI talent: Your next flight risk

McKensey

Active users of gen AI are high value and in demand—and in many cases, poised to quit. New research reveals how to attract them, keep them engaged, and motivate them to stay put.

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How I Learned to Safely Taper off Psychiatric Drugs, and You Can Too

Mad in America

I t was May 21 st , 2019, when I woke up in a strange hotel-like room drenched in sweat, fully clothed with a winter jacket on and feeling absolutely terrible. Next to me on the nightstand were six plates of food wrapped in cellophane and above me stood a massive, muscular Nigerian man named Henry who explained to me that I was at a drug rehab in Thailand and that I had slept for 48 hours.

Learning 119
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Why so many bad bosses still rise to the top

McKensey

Narcissism. Overconfidence. Low EQ. Why do we persist in selecting for leadership traits that hamper organizational progress—and leave the right potential leaders in the wrong roles?

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Prioritising Employee Mental Health: A Win-Win for Businesses and Individuals

Work in Confidence

Mental health awareness In today’s fast-paced and competitive business world, the focus is often on productivity, profit margins and growth. However, what can, and often does get overlooked is the mental health and wellbeing of employees. Ignoring this aspect can have significant repercussions, not just for the individuals involved but also for their organisations.

Reporting 111
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Digital twins: Capturing value from renewable hydrogen megaprojects

McKensey

Hydrogen developers could use digital twins to improve the economic viability of renewable projects and meet increasing demand. Here, we illustrate how, using renewable hydrogen as an example.

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Thomas Dohmke on improving engineering experience using generative AI

McKensey

Thomas Dohmke, CEO of GitHub, discusses the impact generative AI will have on software development, the evolution of the developer’s role, and the opportunity to accelerate innovation.

Software 124
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How to figure out what motivates you at work

Work Life

There are days when you go to work and you get things done because it’s your job to do so. But hopefully there are also days when you look forward to aspects of your job because the work you’re doing is exciting and meaningful. These two modes reflect the difference between what psychologists call extrinsic and intrinsic motivation. Extrinsic motivation is when there are outside forces influencing what you do.

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Why flow matters most in highly complex manufacturing

McKensey

To meet escalating demand for the latest advanced products, companies need a better way to handle the interactions and uncertainties of increasingly complex manufacturing.

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Laerdal Medical Offices – Bengaluru

Office Snapshots

This 26,000 square-foot Bangalore office is located in the most sought after areas in the city – Trinity circle, MG road. The office is spread across three floors of a recently constructed iconic contemporary building in the area. The beautiful green panoramic views as seen from the office space resonate with Bangalore city’s nickname – The garden city.

Finance 84
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From start-up to centaur: Leadership lessons on scaling

McKensey

This playbook for founder CEOs on scaling from start-up to standout and beyond borrows lessons from the global B2B software-as-a-service industry.

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Danone Offices – Kyiv

Office Snapshots

This year, Danone celebrates its 100th anniversary and has marked the occasion with the renovation of its Kyiv office. ZIKZAK Architects were enlisted for the interior design update. Designers based the office concept on the rich history of the brand, company values, and the diverse product lines of the brand. From the existing space of 1869 m2 for 150 employees, the goal was to create a more open and visually spacious environment for the same number of people.

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Gen AI in customer care: Early successes and challenges

McKensey

The contact center emerged as an early use case for generative AI—with varied success. Organizations can learn from early adopters and think about their adoption strategies across three horizons.

Learning 110
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How leaders are already using generative AI at work

Work Life

Many leaders are beginning to do the serious work of making generative AI’s vast potential a reality. Deloitte’s quarterly State of GenAI in the Enterprise survey, which connected with nearly 2,000 director to c-suite level respondents to explore the current landscape of GenAI adoption, shows that organizations who report “high” or “very high” GenAI expertise are quickly moving past the infatuation stage, and starting to implement the technology across their workforces.

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Anant Bhalla on the convergence of insurance, asset management

McKensey

The former CEO of American Equity Investment Life reflects on his career path, Brookfield’s acquisition of AEL, and his predictions for the insurance industry.

Insurance 124
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Jobs report shows falling unemployment rate for Black workers

Work Life

One of the most notable findings from the jobs report released this morning is that job creation has finally slowed down, with employers adding 175,000 jobs in April. The shift comes after a period of steady job growth and low unemployment, exceeding the expectations of economists who had warned that the labor market would eventually cool off. The unemployment rate has now remained under 4% for 27 months, a streak that the U.S. economy has not seen in over 50 years.

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What is deep learning?

McKensey

Deep learning is a type of machine learning that is more capable, autonomous, and accurate than traditional machine learning.

Learning 145
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How first-time CEOs can conquer the 5 types of imposter syndrome

Work Life

Too many first-time CEOs are obsessed by their own, somewhat paranoid, perception that stops them from being able to do the job well: lack of experience, knowledge, credibility, etc. Research for NerdWallet in 2022 showed that 78% of business leaders experience workplace imposter syndrome, causing 59% to consider leaving their role.This obsession is baggage and a distraction.

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What is machine learning?

McKensey

Machine learning is a form of artificial intelligence that is able to learn without explicit programming by a human.

Learning 133
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6 strategies that can help you land that promotion

Work Life

You’ve been in your company for a while, and you’re a consistent high performer. You’ve received glowing reviews for every performance appraisal you’ve had. Yet quarter after quarter, your job title and salary stays the same. You ask yourself, Just how am I supposed to land a promotion at work? The thing is, while excelling at your job is foundational, it’s only one factor.

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Author Talks: The magic of unmuting yourself

McKensey

Do you tend to speak up or play it safe? Author Elaine Lin Hering shares how you can build the confidence to find—and use—the voice you’ve learned to bury.

Learning 119
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Fifty Shades of Days by Alec Stanza

Mad in America

triggers are slashing my mind I process the memories of one strange summer ; Where was I ? How long did I wander ? I walked a lot nowhere and everywhere, until I collapsed What was I looking for ? I found nothing but I was found lying no longer down to earth; to the ER it is – and then they gave me meds to shut up, to shut down my wonder and my wander. then later on, in the ambulance a police squad escorts me, hands tied and barely alive, thinking I’m dead, off to the psych ward, they said

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What’s the future of AI?

McKensey

AI is here to stay. To outcompete in the future, organizations and individuals alike need to get familiar fast. This series of McKinsey Explainers dives deep into the seven technologies that are already shaping the years to come.

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These Top 10 Celebrity Franchise Owners Are Winning Outside the Limelight, Too

Success

While celebrities might rake in millions from their “day jobs,” they’re also boosting their net worth through smart investments, endorsement deals and entrepreneurship. And, when it comes to creating wealth, diversifying financial portfolios and expanding their business, franchises emerge as a powerful asset, drawing high-profile figures like athletes, actors, singers and other celebrities into this profitable business model.

Food 63
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A microscope on small businesses: Spotting opportunities to boost productivity

McKensey

MSMEs are vital for growth and jobs, but struggle with productivity. The route to higher productivity lies in creating a win-win economic fabric for all companies.

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12 Essential Tips Every Solo Traveler Needs to Know

Success

Solo travel can be a fantastic way to broaden your horizons. It means you can choose when and where you go, when to take a break or when to follow an adventure without consulting anyone else. Still, it can have a few downsides, like being responsible for every decision and solving every problem without input from others. Keep reading for our best solo travel tips, whether you’re learning how to travel solo for the first time or you’re a seasoned traveler. 1.

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Creating a European AI unicorn: Interview with Arthur Mensch, CEO of Mistral AI

McKensey

Arthur Mensch, CEO and cofounder of Paris-based Mistral AI, discusses his company’s large language models, its open-source strategy, and how AI will change the workplace.

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Oxford rents poised to surge as office and lab space dwindles

Workplace Insight

Oxford’s thriving science and technology sector is facing a potential hurdle: a critical shortage of office and laboratory space. According to a new report by property consultancy Vail Williams , this scarcity could send rents spiralling upwards in the coming year. The report paints a concerning picture. The city, it suggests, has just about enough Grade A office and lab space to meet demand from life sciences and biotech companies for the next year.

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Stand and deliver: Three imperatives for civil servants

McKensey

Today’s governments face increasing obstacles to achieving their primary mission: serving the public. Refreshed management approaches and new technologies can help.

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How to deal with Employees taking too many Smoke Breaks?

Wellness 360

Managing the challenge of employees taking too many smoke breaks in the workplace requires a balance between respecting individual habits and maintaining overall productivity and well-being. While breaks are crucial for employee health and morale, excessive smoke breaks can not only disrupt workflow but also pose health risks to both smokers and non-smokers.

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Trade’s trajectory: A conversation with Yuvraj Narayan

McKensey

DP World’s Yuvraj Narayan discusses the challenges and opportunities that port operators are seeing and how the nature of trade could evolve over time.

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Mr. Cooper Group’s Kelly Ann Doherty on the Importance of Flexibility at Work

Great Place to Work

The chief administrative officer for the No. 44 company on the Fortune Best Workplaces in Financial Services & Insurance™ List in 2023 shares her insights. What are the ways companies can increase flexible work options for employees? The COVID pandemic revealed how flexible many companies can be with workplace location and telecommuting. However, there are other ways companies can embrace flexibility — especially around scheduling.

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Faster, smarter, bolder: How midtenure CFOs shift into a higher gear

McKensey

Former finance leaders offer advice on how CFOs can go from good to great in the middle years of their tenure.

Finance 101
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Employee Wellness: It's Time for Spring Cleaning

Workplace Wellness

Spring has officially sprung! You know what that means? The weather is getting warmer, the days are getting longer and it’s time to do some spring cleaning. After a long, cold winter it’s time to refresh your home, which surprisingly, can be a great refresher for you, too. But spring cleaning is something we often put off as it can feel like a daunting task.

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Evolving federal R&D to meet the challenges of tomorrow

McKensey

Maximizing the value of R&D expenditures will require taking a broader, portfolio-level perspective and accepting a certain level of risk—and failure—in the process.

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Overcome the 4 barriers to building a “for all” culture

Work Life

In today’s workplace, equity for all should not be relegated to the mantra of the month or treated as a “nice to have” for organizations. A recent Great Place To Work study shows that companies that build a “for all” or “innovation by all” culture generated 5.5 more revenue growth compared to less-inclusive peers. The “for all” culture also leads to greater numbers of high-quality ideas and faster implementation.