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McKinsey Quarterly articles archive
December 2009
The new look of strategy
Is the global economy passing through a basically conventional—albeit severe—economic cycle, or did the downturn initiate fundamental, long-term changes in consumption patterns, risk taking, and globalization? And if it did, how should companies respond? These three articles present management approaches, tools, and ideas that executives can use to understand and prepare for a murky and possibly difficult future.
The use and abuse of scenarios
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Navigating the new normal: A conversation with four chief strategy officers [includes video]
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Dynamic management: Better decisions in uncertain times(Premium membership required)
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November 2009
Leadership lessons for hard times
McKinsey interviews with 14 CEOs and chairmen of US corporations uncovered a few broad principles that can help top executives and directors develop robust strategies and inspire employees, customers, and investors.
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Also on Leadership
McKinsey conversations with global leaders: Jeroen van der Veer of Shell.
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McKinsey conversations with global leaders: Dan Vasella of Novartis. Read more...
McKinsey conversations with global leaders: John Chambers of Cisco.
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July 2009
New challenges for Asia’s governments
Big government hasn’t returned to Asia—it never left. But here as elsewhere, the state must transform its capacity and performance.
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Government ownership: Why this time it should work
State ownership of businesses used to dampen their productivity, waste resources, and distort competition. Yet a McKinsey alumnus argues that the results may well be different now.
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Management lessons from the financial crisis: A conversation with Lowell Bryan and Richard Rumelt
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Setting strategy in the new era: A conversation with Lowell Bryan and Richard Rumelt
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June 2009
What's next? Ten questions for CFOs
As companies prepare for recovery, here are ten questions we think all CFOs should be asking themselves and their executive colleagues. Readers weighed in with even more.
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Is China recession proof?
In this video roundtable, four members of McKinsey's Council on China Business Economists discuss the resiliency of the world's fastest-growing economy.
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China's 'sticky floor'
Is China's economic progress built on the labor of women who have little chance of rising up in management? A video interview with two economists explores this perspective.
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China's green opportunity
Aggressive deployment of technologies that are already technically feasible could reduce China's demand for imported oil by 30 to 40 percent beyond the goals it is already aiming for.
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May 2009
A Chinese view of governance and the financial crisis: An interview with ICBC’s chairman
Jiang Jianqing discusses the need for balance within an effective governance model and how the global economic crisis will alter China’s financial-services industry.
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The crisis: Timing strategic moves
Timing is key as companies weigh whether to make strategic investments now or wait for clear signs of recovery.
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Economic Conditions Snapshot, March 2009: McKinsey Global Survey Results
Although executives foresee an ongoing economic upheaval, for the second survey in a row the percentage who think it’s getting worse hasn’t increased.
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Strategic planning: Three tips for 2009
Even in these tumultuous times, strategic planning doesn’t have to be an exercise in anxiety—or futility.
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The new normal
The business landscape has changed fundamentally; tomorrow’s environment will be different, but no less rich in possibilities for those who are prepared.
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March 2009
A better way to fix the banks
The problem of how to price toxic assets stopped the Paulson plan and will vex its successors. Here’s a way out.
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The CFO’s role in navigating the downturn
Cash is king again. All systems and decisions must be geared to preserving it while companies make explicit trade-offs for their longer-term strategic goals.
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Economic Conditions Snapshot, February 2009: McKinsey Global Survey Results
Although executives know the economy’s in bad shape, for the first time in months they don’t see it getting much worse.
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Seven ways China might surprise us in 2009
The country could yet again change the way the world sees it. Here’s a shortlist of realistic possibilities from a McKinsey director in Shanghai. See what others think of these scenarios, then share some of your own.
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What’s new with the Chinese consumer
Ten million new ones enter the market each year, and the hundreds of millions already there are evolving rapidly. Ongoing McKinsey research examines these trends.
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December 2008
Strategic responses to the crisis
In the coming days, McKinsey & Company will explore in a series of articles by our consultants and outside contributors the managerial implications of the global financial crisis. Today we focus on strategic responses, including how to address uncertainty and structural shocks, rethinking marketing, and how global executives surveyed by the Quarterly are coping.
Leading through uncertainty
Strategy in a ‘structural break’
The downturn’s new rules for marketers
A fresh look at strategy under uncertainty: An interview
McKinsey Global Survey Results: Economic conditions snapshot, November 2008
September 2008
Google’s view on the future of business: An interview with CEO Eric Schmidt
In a compelling video interview, Google CEO Eric Schmidt reflects on the coming transformation of strategy, competition, business models, and management. This piece is just one example of the wide range of new content we are now posting on the reengineered
mckinseyquarterly.com, including video, audio, and interactive
exhibits, as well as more contributions from outside McKinsey, including letters from readers. Our redesigned site also makes it easier than ever to find content, particularly on specific regions and big ideas.
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What China can learn from Japan on cleaning up the environment
Another country’s experience provides an excellent road map for anyone who wants to gauge how China could deal with its environmental problems. Guest commentary by Bill Emmott, former managing editor of The Economist.
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Economic and hiring outlook, third quarter 2008: A McKinsey Global Survey
In a survey conducted just before the US bailout of financial firms, executives around the world say that their longer-term inflation fears have eased. They also indicate that a mix of higher prices and productivity improvements will help many companies cope, despite gloomy expectations for national economies.
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Managing IT in a downturn: Beyond cost cutting
Looking to slash your IT costs? Consider the possibility that targeted investments might generate savings and revenues exceeding what you could save through cost cutting.
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July 2008
Meeting the challenges of China's growing cities
The McKinsey Global Institute projects that China's cities will grow rapidly over the next few decades, to as many as a billion people by 2030. Urban planners will have to make wise decisions today to ensure their residents will have access to enough energy, water, and services.
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Cleaner energy for China: An interview with the chairman of ENN Group
The founder of a leading natural-gas distributor in China discusses his plans to help China’s pollution problem by investing in clean coal-gasification technology.
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How to address China's growing talent shortage
The imbalance between business opportunities in China and qualified executives to manage them will get worse--a lot worse--before it gets better.
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How corporate China is evolving
China’s business landscape is evolving beyond the traditional categorization of state-owned enterprises, joint ventures between Chinese and foreign concerns, and wholly owned foreign operations.
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June 2008
The cost of going global for China’s high-tech companies
Chinese technology companies are competing successfully on their home turf. Global markets may be another story, at least in the short run.
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Reassessing China’s state-owned enterprises
For many years, the West has viewed China’s state-owned enterprises in black or white. But these companies, like China itself, are diverse. Many of them would make better partners for multinationals than some of their private-sector counterparts. Openness, not ownership, is the key.
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A global road map for China’s automakers
The impressive domestic inroads of Chery, Geely, and other domestic automakers in China are fueling global aspirations. Yet significant shortcomings, including insufficient quality- and talent-management approaches, as well as a lack of strategic focus, could hinder the realization of the industry’s significant global potential.
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May 2008
How Chinese companies can succeed abroad
Chinese companies are on the threshold of becoming truly global. A few—fewer than might be suspected from the headlines—have already passed through the door by moving to acquire resources, talent, intellectual property, and customers beyond China’s borders. More will follow as the successes accumulate.
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Integrating purchasing in M&A: An interview with Lenovo's chief procurement officer
When Lenovo bought IBM's PC division, chief purchasing officer Qiao Song faced a daunting postmerger task: integrate the two companies' procurement functions while helping the company grow from a Chinese powerhouse into a global one.
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Selling China's cars to the world: An interview with Chery's CEO
Chairman and CEO Yin Tongyao explains how he sees the looming energy crisis as an opportunity to sell Chery’s small and midmarket cars in mature markets.
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March 2008
Making talent a strategic priority
The War for Talent never ended. Executives must constantly rethink the way their companies plan to attract, motivate, and retain employees.
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Running a winning M&A shop
Picking up the pace of M&A requires big changes in a companys processes and organizationeven if the deals are smaller.
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Whats next for exchanges
The exchanges are riding high right now. They should use the proceeds of current good fortune to prepare for an intensely competitive future.
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February 2008
Long-term trends in the global capital markets
Several current trends will continue to influence the world’s financial markets long after the present bout of turbulence ends.
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Seizing China’s pharma opportunity
China’s pharmaceutical market is growing by upward of 20 percent a year, but global drug companies still must capture its full potential.
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What’s in store for global banking
Banking around the world may now be passing through a major cyclical correction, but McKinsey research suggests that the industry’s revenues and profits will double by 2016.
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