Mckinsey innovation. This is an edited transcript of the discussion.
Mckinsey innovation Patrice Caine, chair and CEO of Thales, shares insights on innovation in this sector. May 5, 2021 · The pandemic has raised the importance of healthcare organizations actively choosing, evolving, accelerating, and extending their innovation efforts, a new survey reveals. Mar 29, 2023 · In this article, we look at how business leaders can create an innovation culture where risk taking is promoted and embraced by employees and key stakeholders. Sep 28, 2017 · This trust helps forge an innovation culture. McKinsey & Company – Listen to the article: Innovation and efficiency: Increasing Europe’s defense capabilities (9 pages) Insurance executives are recognizing the power of innovation to accelerate the pace of company change—but it must become embedded in a carrier’s DNA. Jun 6, 2022 · By connecting people into broader virtual networks, flexible work has increased the collective speed and creativity of innovation efforts. We help healthcare companies improve quality and efficiency of healthcare through care delivery, network, and payment model innovation in the Americas. These often overlapping, iterative, and nonsequential practices resist systematic categorization but can nonetheless be Feb 1, 2019 · In the 20th century McKinsey created a model called the Three Horizons to explain how businesses must invest in current products, incremental innovations, and breakthrough innovations. They may lack the capacity to systematically scan a broad range of potential external sources for promising ideas, or to match those ideas with opportunities across product lines and business units. Innovation parenting also pays attention to innovators’ social development. We help companies to build their businesses by identifying granular growth opportunities and to improve their performance through innovation in products, services, processes, and business models. Nov 17, 2025 · The consulting firm said that a quarter of its fees are now based on an outcomes-based pricing model. Oct 28, 2025 · Since 2004, McKinsey Global Publishing’s survey team has polled our panel of thousands of executives and managers to generate new and distinctive insights on today’s critical business topics. Organizational structures and processes are not the solution. This Bio Revolution could have significant impact on economies and our lives, from health and agriculture to consumer goods, and energy and materials. However, in many sectors, that belief doesn’t align with companies’ spending on innovation or the returns they get on those investments, the latest McKinsey Global Survey on innovation finds. An economist trained at the University of Chicago, Witold joined McKinsey in 2007 after an early career in specialty chemicals. Jul 24, 2025 · Explore how medtech R&D leadership drives digital product development, balances innovation with sustaining engineering, and attracts tech talent through strategic design. Taken together, the essentials described in this article constitute just such an operating system, as seen in Exhibit 2. 6 days ago · November 18, 2025 At McKinsey, innovation is part of our DNA. Mar 1, 2017 · A McKinsey survey of more than 2,000 executives in industries affected by digital disruption shows that the companies with the highest revenue and earnings growth led the disruption or were fast followers, making big bets across their businesses on innovative products, digital processes, and even entirely new business models. Jul 19, 2018 · Crafting innovation stories that appeal to people’s emotions helps new ideas cut through the clutter. It can be so much more. Critical considerations could help them address constraints, long-term resilience, and collaboration. A unique design met the challenge of capturing a broad swath of data while maximizing space. Insurance executives are recognizing the power of innovation to accelerate the pace of company change—but it must become embedded in a carrier’s DNA. Dec 19, 2023 · A selection of recent articles exploring ongoing uncertainties within the US healthcare industry in 2023 and the opportunities for innovation and improvement that have emerged throughout the year. Even as science advances, R&D productivity is on the wane By many metrics, and in many fields, each dollar spent on R&D has been buying less innovation over time. Intensifying competition lies ahead; here’s a road map for navigating it. Most companies don’t focus on innovations they say will have the greatest effect on performance, for example, and innovation is seldom part of leadership agendas. In a series of recent discussions, members of the Consortium for Advancing Adult Learning & Development (CAALD) —a group of learning authorities whose members include researchers, corporate and nonprofit leaders, and McKinsey experts—recently met in Boston for the second year in a row. Based on research into how companies sustain growth, this approach illustrates how to manage for current performance while maximizing future opportunities for growth. May 1, 2011 · Big data will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus—as long as the right policies and enablers are in place. But respondents point out flaws in how their companies manage and govern innovation. Our ongoing research and current database of more than 300 companies containing survey results from over 2,500 executives and representing a full range of industry sectors demonstrated the measureable innovation performance improvement that can result when the Eight Essentials are rigorously put in place. Feb 28, 2024 · European countries are increasing defense spending in response to regional geopolitical shifts. Sep 16, 2021 · Industrial manufacturing levels in the United States have been falling for decades, but manufacturing process innovation is gaining steam and could reinvigorate this struggling sector. 5 days ago · Based in Colorado, Witold Wdziekonski leads McKinsey’s global financial planning and analysis team—guiding how the firm allocates resources, steers investment, and enables innovation. These often overlapping, iterative, and nonsequential practices resist systematic categorization but can nonetheless be We would like to show you a description here but the site won’t allow us. Nov 5, 2025 · In this 2025 edition of the annual McKinsey Global Survey on AI, we look at the current trends that are driving real value from artificial intelligence. Jun 23, 2020 · These changes will require payment model innovation to align provider and healthcare stakeholder incentives to change provider, payer, and patient behaviors. See “How companies approach innovation: A McKinsey Global Survey,” mckinseyquarterly. First held in 1994 and redesigned five years ago to draw even more on the diversity and collective experience of the Feb 22, 2024 · Nontraditional sources of innovation are transforming the defense sector with powerful capabilities—but they must overcome obstacles for scalable success. Oct 10, 2017 · A recent McKinsey report found that while 84% of corporate executives think innovation is key to achieving growth objectives, only 6% are satisfied with the innovation performance of their firm We would like to show you a description here but the site won’t allow us. Jun 17, 2020 · The more recent focus on the climate change crisis has driven significant growth in solar equipment and electric cars, as well as innovation around more “earth-friendly” foods such plant-based meat substitutes. Jan 1, 2011 · Finding ways to spur innovation in product design and business models will be key to sparking Chinese domestic demand. What’s next for global entrepreneurship? Creativity drives business innovation and growth. Jan 7, 2025 · 2025 looks to be a big year for innovation and technology with significant advances in AI adoption, based on predictions from futurist Amy Webb along with Deloitte and McKinsey. His path to partnership was unconventional: from junior researcher to consultant Sep 30, 2024 · To realize the opportunity of generative AI, organizations should take a cross-collaborative, scaled approach to upskilling and reskilling workforces. This is an edited transcript of the discussion. In this episode of McKinsey Talks Operations, host Daphne Luchtenberg is joined by McKinsey partners Abhilash Sridharan and Malcolm Gomes, Debasis Jun 9, 2022 · Committed innovators are evolving (or even transforming) their business models. It requires bold bets and a willingness to persevere despite setbacks, criticism, and uncertainty. We teach our participants the technical, management, and people skills required to start, scale, and sustain their digital manufacturing transformation. Feb 21, 2017 · This article discusses the importance of an integrated technology road map for driving successful innovation in today's rapidly advancing technological landscape. Nov 1, 2015 · Why are some big companies simply better innovators? The leaders of McKinsey’s Innovation practice, Erik Roth and Nathan Marston, explain the critical factors. Oct 29, 2018 · Engage technology-innovation managers (managers with specialized technical skills who lead work on digital innovations, such as development of new digital products or services) to support the transformation. Reframe Jun 3, 2025 · Global Capability Centers are evolving from cost centers to hubs for innovation, talent, geo-resilience, and digital transformation in global business. Dec 8, 2023 · The McKinsey Technology Council’s annual look at technology trends highlights 15 emerging technologies that could fuel innovation and sustainable growth. On this episode of The McKinsey Podcast, McKinsey technology experts Lareina Yee and Roger Roberts share findings from the McKinsey Technology Trends Outlook 2024 report. Our hands-on environment and expert guidance inspire big, unconstrained thinking. Apr 28, 2025 · The Innovation & Learning Centers drive operational excellence from the frontline to the boardroom. Being able to innovate quickly and cheaply, test digital products and services in the market, refine them, and release them on a regular basis has become a competitive advantage. Five paths could build on existing strengths and help the continent scale up to meet the challenge. Mar 25, 2024 · Companies with innovation cultures are way ahead of peers in deploying—and benefiting from—generative AI. Feb 16, 2024 · McKinsey Senior Partners Jörg Mußhoff and Fritz Nauck discuss 2024 insurance trends and other topics. Unlike other innovation “rankings”, our survey analyzes a company holistically from We would like to show you a description here but the site won’t allow us. This collection examines the barriers that prevent companies from addressing gender and racial equality and identifies solutions for building a stronger, more inclusive workforce. Dec 10, 2024 · A pragmatic, customer-centric business model can help companies reimagine business processes end to end with the aid of digital technologies. Jun 3, 2024 · To achieve sustainable innovation, companies can embrace failure as a catalyst for change. The Jun 5, 2025 · Executives view innovation as their companies’ primary source of competitive advantage for delivering growth. Jul 21, 2025 · Discover how frontline talent innovation, future workforce development, and a strong EVP drive manufacturing talent strategy and production workforce engagement. The Innovation & Learning Center in Munich is the leading experience and learning center for digital manufacturing and supply chain. Dec 1, 2009 · In this interactive presentation—one in a series of multimedia frameworks—Steve Coley, a director emeritus in McKinsey’s Chicago office, describes the three horizons framework. We look at how capability centers can make this happen. Oct 24, 2019 · As innovation grows in importance, your organization’s ability to set effective aspirations and make smart portfolio choices is becoming make or break. Nov 1, 2012 · Manufacturing the future: The next era of global growth and innovation, a major report from the McKinsey Global Institute, presents a clear view of how manufacturing contributes to the global economy today and how it will probably evolve over the coming decade. Innovation lies at the heart of McKinsey’s ethos, driving the firm’s success in helping organisations navigate change and achieve sustainable growth. Aug 31, 2025 · The Power of McKinsey Innovation The Power of McKinsey Innovation McKinsey & Company, a global management consulting firm, is renowned for its innovative approach to solving complex business challenges. What’s next for global entrepreneurship? May 13, 2020 · A confluence of advances in biological science and accelerating development of computing, automation, and artificial intelligence is fueling a new wave of innovation. The 40-mile stretch of office parks and sun-drenched suburbia boasts the world’s densest concentration of technology giants, venture capitalists, and entrepreneurs. May 2, 2023 · In this episode of The Committed Innovator podcast, McKinsey innovation expert Erik Roth talks with our global director of communications for the Strategy & Corporate Finance Practice, Sean Brown, about the building blocks of innovation and how they help drive sustainable and inclusive growth. 0 transformation journey, allowing participants to experience a digital transformation through an ecosystem that includes the digital factory, training and development, and digital maturity assessment services. Whether at our centers, virtually, or on-site, we empower your workforce with the right technologies to enhance your bottom line, and ensure lasting change. The global hyperscaler is known for helping businesses grow and scale rapidly, but it also helps start-ups and established Innovation: Your solution for weathering uncertainty When the times get tough, the tough get innovative and create paths to future growth. We look at how to choose the best operating model to scale your business. Jan 28, 2025 · Almost all companies invest in AI, but just 1% believe they are at maturity. For more conversations on innovation, follow the Nov 1, 2023 · Our latest research shows that a focus on aspiration, activation, and execution can help companies become innovative growers that outperform competitors. 1 Some 70 percent of corporate leaders say innovation is among their top three priorities for driving growth. The respondents represented a broad range of industries. The center features a model factory with real machines, products, and operators. May 30, 2024 · The McKinsey innovation framework offers a structured approach based on years of research and experience working with innovative companies across industries. The McKinsey Quarterly conducted a survey of executives on leadership and innovation in September 2007, receiving responses from 722 executives at the senior vice president level and above and from 736 lower-level executives around the world. Jan 3, 2025 · A new survey shows high interest in remote-driving services that let another person control the car. The findings from our surveys help business leaders to understand best practices, compare their companies’ ways of working and performance with a global benchmark, and make informed and effective Since innovation is a complex, company-wide endeavor, it requires a set of crosscutting practices and processes to structure, organize, and encourage it. The core components of the framework include the Three Horizons model and the Seven Elements model. Executives today face a mandate to navigate rising complexity, scale emerging solutions, and build trust in a world where the lines between digital and physical and centralized and decentralized continue to If products alone aren’t the full story, what is innovation? In a business context, innovation is the ability to conceive, develop, deliver, and scale new products, services, processes, and business models for customers. Nov 21, 2021 · The speed of innovation has been remarkable over the past 18 months—but so, too, has disruption and the pace of business failures. In this episode of the Inside the Strategy Room podcast, Laura Furstenthal, whose client work focuses on healthcare organizations and innovation transformations, and Erik Roth, leader of McKinsey’s global innovation practice, explain how to establish a Sep 1, 2012 · Executives say their companies rely on multiple organizational models to drive innovation—and that these functions struggle to integrate fully with the business as a whole. Since innovation is a complex, company-wide endeavor, it requires a set of crosscutting practices and processes to structure, organize, and encourage it. Sep 11, 2024 · Enterprises are looking to Global capability centers (GCCs) as critical innovation hubs to stay ahead in the competitive landscape, but the difficulty lies in aligning strategic priorities with the capabilities of GCCs to maximize their impact. Sep 15, 2021 · As companies prepare for the recovery from the pandemic, many leaders hope innovation will set them up for the next phase of growth. Procurement's innovation role The question is, how can organizations source even more innovation from beyond their four walls? Internal R&D functions already have a lot on their plate. Here is what leading innovators are doing differently. Dec 14, 2023 · In this latest digital survey analysis, we look at how innovative companies realize more value from strategic technology investments than their peers. The results also show that the approach companies use to generate good ideas and turn them into products and services has changed little since before the crisis Feb 12, 2025 · In this episode of The Committed Innovator, McKinsey innovation leader Erik Roth speaks with the Amazon Web Services (AWS) worldwide leader for venture innovation, Jelena Joffe Weil, about how AWS works to close the gap between innovation and go to market for startups. Aug 11, 2020 · In a changing landscape, consumer goods companies can better meet consumers’ needs by understanding the true value of innovation. But how can companies do it consistently and succeed with their digital products and services at scale Apr 18, 2025 · McKinsey talks to the authors of the new book, The Insider’s Guide to Innovation at Microsoft and explore the culture in innovation and how the best teams work. We would like to show you a description here but the site won’t allow us. 1 The online survey was in the field from October 15 to 31, 2024, and garnered responses May 5, 2025 · Innovation is a critical ingredient in any growth recipe. And the biggest growth—both for the innovator and the broader economy—comes from revolutionary innovations. Oct 16, 2019 · European innovation is losing its edge. To sustain growth, companies need consistent streams of new products, services, processes, and business models. Mar 18, 2021 · Employing an “innovation in a crisis” attitude can help you out of this downturn, but you need to change behaviors and mindsets—starting at the very top. Feb 8, 2018 · The Innovation & Learning Center Singapore is an innovative capability-building facility created by McKinsey & Company and the Advanced Remanufacturing and Technology Center (ARTC). New dynamics First, several trends that are based on proven and mature technologies—namely applied AI, advanced connectivity, future of bioengineering, and cloud and edge computing—score more highly on quantitative measures of innovation, interest, and investment than trends based on technologies that are still in the early stages of development. Aug 17, 2022 · In this McKinsey Explainer, we dig into what innovation actually is and how organizations can utilize it to achieve powerful market breakthroughs. Senior managers encourage their employees to experiment with new ideas. The Innovation & Learning Center Istanbul guides clients through their Industry 4. In the 20th century McKinsey created a model called the Three Horizons to explain how businesses must invest in current products, incremental innovations, and breakthrough Apr 1, 2015 · Strategic and organizational factors are what separate successful big-company innovators from the rest of the field. A McKinsey Global Survey Not surprisingly, executives say innovation is a top priority for driving growth, according to a McKinsey Global Survey. However, commoditization of parts of the industry has weakened some companies’ and investors’ faith in innovation, and many often fail to see the clear link between R&D spending and eventual returns. But is it reserved for the lucky few? Dec 11, 2023 · The business case for gender equality, diversity, and inclusion is strong and growing stronger. McKinsey partners with leaders on strategy, innovating to net zero, leading with tech, and building capabilities for a sustainable, inclusive, growing future. Aug 13, 2024 · Sparking a new surge of growth through innovation can benefit an entire industry, but those who light the spark tend to gain the biggest rewards. Our new report looks at how AI is being used in the workplace in 2025. Such breakthroughs don’t only result from new products or services. Some of the most important recent advances have been spurred by new business models, processes, and experiences. McKinsey & Company – Listen to the article: Remote-driving services: The next disruption in mobility innovation? We would like to show you a description here but the site won’t allow us. . Aug 1, 2010 · As companies begin to refocus on growth, innovation has once again become a priority: in a recent McKinsey Global Survey, 1 84 percent of executives say innovation is extremely or very important to their companies’ growth strategy. In this podcast episode, McKinsey consultants explain how. Feb 1, 2012 · Dynamic domestic players and focused multinationals are helping China churn out a growing number of innovative products and services. Leaders are doubling down. Sep 5, 2024 · Innovation and interest in the tech sector remain strong, despite market challenges and dips in investment. Oct 8, 2018 · Companies measuring innovation can gauge their performance by combining two simple metrics. Our motto: explore, try, and This year’s McKinsey Technology Trends Outlook provides in-depth perspectives on 13—a “baker’s dozen”—frontier technology trends with the potential to transform global business. TAKING THE MEASURE OF INNOVATION Don’t overlook the insight that two simple metrics can yield about the efectiveness of your R&D spending. ” Other committed innovators evolve their businesses by reframing the competitive landscape, finding new markets, and using their distinctive advantages. How should companies that believe in the innovation imperative pivot to pursue it today? Feb 12, 2025 · While innovation is critical to company growth, the most successful organizations use it to expand their lead within their industries and disrupt new ones. May 1, 2019 · What can traditional companies learn about corporate innovation from start-ups? This Inside the Strategy Room episode explores how they innovate, go to market, and scale quickly with limited resources. Oct 22, 2024 · Child Mind Institute founder Harold Koplewicz talks about the potential for innovation to bring better diagnostic tools and treatment to child and adolescent mental health. Creativity drives business innovation and growth. One way we bring that to life is through the Innovation Olympics—an annual competition that encourages teams across the firm to push boundaries, experiment boldly, and build tools that redefine how we serve clients. Executives now firmly believe that innovation is central to a company’s strategy and performance, but getting it right is as hard as ever, according to a recent McKinsey Global Survey. In McKinsey’s annual year in review, we look back at our favorite articles, interviews, and highlights from our 2023 ‘Insights to Impact’ publishing journey. 4 days ago · McKinsey Global Institute research explores the top high-growth industries set to shape the economy in 2025. As the hardware behind mobility solutions becomes increasingly commoditized, digital innovation will become the lynchpin in the battle for market share, driving innovation in software, solutions, and services, and sp Sep 21, 2017 · As technology transforms the workplace, the need for innovation in learning and development is urgent. Which new technology will have the most impact in 2025 and beyond? Our annual analysis ranks the top tech trends that matter most for companies and executives. Mar 22, 2024 · The future of AI is changing rapidly for the banking and financial services industry. And when We would like to show you a description here but the site won’t allow us. Nov 17, 2025 · Our latest thinking on the issues that matter most in business and management. Millennials, in particular, will expect and seek out opportunities to interact with people who interest and excite them—exchanges that should, in turn, build innovation energy. Some innovations come with profound risks rooted in the self-sustaining, self Feb 12, 2025 · Defense tech is evolving, driven largely by AI and quantum technologies. Our findings include the following points: Manufacturing's role is changing. Dec 9, 2022 · Explore McKinsey’s 2022 year in review, highlighting our most interactive forms of storytelling and highest-priority innovations and insights. Apr 6, 2015 · If you want to understand how technology is driving innovation and reshaping industries, there’s one place you have to visit: Silicon Valley. Jun 20, 2025 · But the rate of progress enabled by innovation now faces an under-recognized threat: Innovation is getting more difficult and more expensive. Jan 9, 2025 · Top pharma companies over the past decade have relied on a short list of critical dealmaking behaviors that drive high external innovation productivity. com Dec 5, 2023 · In this latest research, we look at why diversity, equity, and inclusion (DEI) matters more than ever before, and how it can drive holistic business impact. McKinsey’s commitment to innovation Feb 1, 2019 · Summary. Nov 30, 2009 · Our ongoing research and current database of more than 300 companies containing survey results from over 2,500 executives and representing a full range of industry sectors demonstrated the measureable innovation performance improvement that can result when the Eight Essentials are rigorously put in place. Jun 3, 2022 · In this article, we explore how organizations can create a culture that embraces each employee’s humanity, allowing them to overcome barriers to innovation. This article takes a new look at innovation Aug 23, 2022 · Innovation is critical to growth—but that’s what makes it risky. Apr 1, 2015 · Few executives would argue that speed and innovation are critical success factors in today’s digital world. Dec 18, 2024 · McKinsey & Company – Listen to the article: The state of the chemicals industry: Time for bold action and innovation (7 pages) Dec 10, 2024 · A pragmatic, customer-centric business model can help companies reimagine business processes end to end with the aid of digital technologies. Here's how organizations can adopt these strategies. The CEO of one such company described his “ah ha moment”: “it’s when I stopped thinking that innovation equals products. Feb 28, 2023 · We explore how new innovation hubs are transforming technology in the US, and how business leaders can tap into these powerful new ecosystems. These trends also tend to have viable Digital innovation megatrend #3: The mobility revolution es”, with full autonomous driving fleets on the horizon. The role of technology giants across healthcare ecosystems May 1, 2013 · Innovation has long been considered a cornerstone of growth and profitability for chemical companies and a prerequisite for long-term performance. Unlike other innovation “rankings”, our survey analyzes a company holistically from Jan 1, 2008 · McKinsey research reveals a wide gap between the aspirations of executives to innovate and their ability to execute. dwc tbole ejezgxe mzxj ensepl deoyhe bpyblz kns zmnki qsuby plujlj zygodki sdmh xozn zwaxqyxne