How ‘mega’ leaders keep profits high — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
How ‘mega’ leaders keep profits high
A recent McKinsey study of the world’s most profitable megacorporations finds that their achievements are made possible by some shared
outlooks and practices. leadership In some measure, they all: —Adapted from “Strategy in an Era of Global Giants: The world’s biggest companies are learning to manage complexity,” Lowell L. Bryan and Michele Zanini, Explore new ways to build on their people’s talents and skills. Example: GE Capital grew because of the financial insights of executives in GE’s appliance-making divisions. Shed activities that pull them away from core competencies. Example: CitiGroup sold its insurance activities to MetLife. Monitor some extremely simple metrics. Example: profit per employee, which can serve as a barometer for overall corporate health. McKinsey Quarterly.