McKinsey & Company
McKinsey & Company
YouTube Video
  • Sven Smit, co-author of the new book Strategy Beyond The Hockey Stick, describes why the authors chose economic profit (the total profit after the cost of capital is subtracted) as the measure of a strategy's success. Business strategy is about beating the market. In other words, defying the power of “perfect” markets to push economic surplus back to zero. Economic profit measures the success o...

McKinsey & Company
McKinsey & Company
YouTube Video
  • Chris Bradley, and the co-authors of Strategy Beyond the Hockey Stick, Sven Smith and Martin Hirt, examined the publicly available data from 2010 to 2014 on the world’s 2,393 largest companies. They found that the average company made $180 million a year in economic profit. Plotting those averages demonstrates a power law - the tails of the curve rise and fall at exponential rates, with long flatl...

McKinsey & Company
McKinsey & Company
YouTube Video
McKinsey & Company
McKinsey & Company
YouTube Video
  • Follow the strategy journey of one company over 10 years as it moves up the Power Curve of economic profit. This company moved up through steady and purposeful improvements over time, with moves that were bold, but not reckless. By pulling off multiple big moves you too can really tilt the odds of economic mobility in your favor. Learn more about Strategy Beyond the Hockey Stick: https://ww...

McKinsey & Company
McKinsey & Company
YouTube Video
  • The Digital Capability Center (DCC) Chicago, part of the McKinsey's global network of capability centers, is a new experiential digital factory. The DCC Chicago showcases the impact of Digital Manufacturing and provides training across the entire value chain on digital capabilities that drive bottom-line impact. The facility is designed to build capabilities at every level of the organization....

McKinsey & Company
McKinsey & Company
YouTube Video
  • In this blackboard session, Chris Bradley, co-author of Strategy Beyond the Hockey Stick, describes how "opening the windows to your strategy room" can give you the perspective you need to address the social dynamics in your management team and create a winning strategy. For more on Strategy Beyond the Hockey Stick visit: https://www.mckinsey.com/strategybeyondthehockeystick

McKinsey & Company
McKinsey & Company
YouTube Video
  • In this blackboard session Chris Bradley, co-author of Strategy Beyond the Hockey Stick, describes what it takes to achieve real 'hockey stick performance' and how to avoid the dreaded 'hairy back' chart For more on Strategy Beyond the Hockey Stick visit: https://www.mckinsey.com/strategybeyondthehockeystick

McKinsey & Company
McKinsey & Company
Blog Post
  • Automation will give the global economy a much-needed productivity boost, even as it enables us to tackle societal “moonshots” such as curing disease or contributing solutions to the climate change challenge. The catch is that adopting these technologies will disrupt the world of work, write James Manyika and Michael Spence in Harvard Business Review.

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