New research makes it increasingly clear that companies with more diverse workforces perform better financially.
Content: Article | Authors: Dennis Layton, Sara Prince, Vivian Hunt | Source: McKinsey Quarterly | Subjects: Best Practices, Human Resources, Organizational Behavior, Women in Business
Downsizing all parts of a company equally may seem fair, but it doesn’t make sense. Targeted cuts and capability-building efforts do.
Content: Article | Authors: Dennis Layton, Risto Penttinen, Suzanne Heywood | Source: McKinsey Quarterly | Subject: Management
Companies should start any cost-cutting initiative by thinking through whether they could restructure the business to take advantage of current and projected marketplace trends (for instance, by exiting relatively low-profit or low-growth businesses) or to mitigate threats, such as consolidating competitors. An important part of the analysis is to understand a company’s financial situation and the range of potential outcomes under a number of different … [ Read more ]
Content: Quotation | Authors: Dennis Layton, Risto Penttinen, Suzanne Heywood | Source: McKinsey Quarterly | Subject: Management