If you’re not in the tech industry, developing your own software may seem like an adjacency too far. But it’s just one of the things you may need to do today to execute a successful digital transformation.

In this episode, we’re joined by senior partners Rodney Zemmel and Kate Smaje who co-lead McKinsey Digital. We were also joined by Laura LaBerge, a senior expert in our Stamford office, who until recently was the director of capabilities in our Digital Strategy Practice. We recorded this episode with Rodney, Kate, and Laura in 2022. They discussed the findings from their research including why most organizations achieve less than one-third of the impact they expected from digital investments. We talked about what companies can learn from the best digital performers about how to beat the odds today.

Mckinsey.com article: Three new mandates for capturing a digital transformation’s full value

Join our LinkedIn community of more than 87,000 members and follow us on Twitter at @McKStrategy. 

Explore more Inside the Strategy Room episode transcripts on McKinsey.com

If you’re not in the tech industry, developing your own software may seem like an adjacency too far. But it’s just one of the things you may need to do today to execute a successful digital transformation.
In this episode, we’re joined by senior partners Rodney Zemmel and Kate Smaje who co-lead McKinsey Digital. We were also joined by Laura LaBerge, a senior expert in our Stamford office, who until recently was the director of capabilities in our Digital Strategy Practice. We recorded this episode with Rodney, Kate, and Laura in 2022. They discussed the findings from their research including why most organizations achieve less than one-third of the impact they expected from digital investments. We talked about what companies can learn from the best digital performers about how to beat the odds today.
Mckinsey.com article: <a href="https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/three-new-mandates-for-capturing-a-digital-transformations-full-value">Three new mandates for capturing a digital transformation’s full value</a>
Join our <a href="https://www.linkedin.com/showcase/mckinsey-strategy-&amp;-corporate-finance/?viewAsMember=true">LinkedIn community</a> of more than 87,000 members and follow us on Twitter at <a href="https://twitter.com/McKStrategy">@McKStrategy</a>. 
Explore more Inside the Strategy Room <a href="https://www.mckinsey.com/itsr">episode transcripts on McKinsey.com</a>

We talk with McKinsey partners and corporate executives on the challenges they face creating lasting strategies in a fast-changing world. We also examine the different ways these executives approach these challenges and the new and innovative ways they think of creating a vision for their enterprises.

What does it take to survive in a world of constant change? More than ever, enterprises need to create strategies that can meet current needs but also adapt to future demand. A regular series of interviews with McKinsey partners and corporate executives.

Inside the Strategy Room

We all know the world is moving faster. We also know that as upheaval becomes the norm, vast business opportunities will be within the grasp of the extraordinary few.  But it takes bold people and courageous approaches to seize those opportunities and create value.

In each episode of our weekly podcast, we sit down with the world’s highest-performing CEOs, CFOs, innovators, and McKinsey experts and discuss how they build the courage, clarity, conviction, and cohesion that allows their businesses to win by moving faster than the world around them. 

We all know the world is moving faster. We also know that as upheaval becomes the norm, vast business opportunities will be within the grasp of the extraordinary few.  But it takes bold people and courageous approaches to seize those opportunities and create value.
In each episode of our weekly podcast, we sit down with the world’s highest-performing CEOs, CFOs, innovators, and McKinsey experts and discuss how they build the courage, clarity, conviction, and cohesion that allows their businesses to win by moving faster than the world around them.

What can companies learn from the best digital performers about how to beat the odds today?

149. Capturing value in digital transformations

Midcap companies have vast opportunities to increase their performance and scale if they reinvent how they work. 

Midsize companies don’t dominate the headlines and investor attention the way large corporations do, but they represent more than 40 percent of the global workforce and account for approximately one-third of most economies’ GDP. 

However, the productivity of small and midsize businesses is only half that of large companies, and lower in emerging economies. These businesses have vast opportunities to increase their performance and scale.

In this episode, we discuss how midcaps can seize the opportunity to transform themselves and reach a significantly higher level of performance.

Joining us are Zakir Gaibi, a senior partner in McKinsey’s Johannesburg office, Mauricio Janauskas a senior partner in the Santiago office, and Kedar Naik is a partner in the Brussels office. You can read their article Unleashing the power of midcap companies on McKinsey.com

Join the McKinsey Transformation community on LinkedIn.

Midcap companies have vast opportunities to increase their performance and scale if they reinvent how they work.  Midsize companies don’t dominate the headlines and investor attention the way large corporations do, but they represent more than 40 percent of the global workforce and account for approximately one-third of most economies’ GDP. However, the productivity of small and midsize businesses is only half that of large companies, and lower in emerging economies. These businesses have vast opportunities to increase their performance and scale.
In this episode, we discuss how midcaps can seize the opportunity to transform themselves and reach a significantly higher level of performance.
Joining us are <a href="https://www.linkedin.com/in/zakgaibi/">Zakir Gaibi</a>, a senior partner in McKinsey’s Johannesburg office, <a href="https://www.mckinsey.com/our-people/mauricio-janauskas">Mauricio Janauskas</a> a senior partner in the Santiago office, and <a href="https://www.linkedin.com/in/naikkedar/">Kedar Naik </a>is a partner in the Brussels office. You can read their article <a href="https://www.linkedin.com/showcase/mckinsey-transformation/">Unleashing the power of midcap companies</a> on McKinsey.com
Join <a href="https://www.linkedin.com/showcase/mckinsey-transformation/">the McKinsey Transformation community</a> on LinkedIn.

204. The transformation imperative for midcap companies

Generative AI poses both risks and opportunities. Ida Kristensen and Oliver Bevan join us to discuss how we can mitigate the former while moving to capture the latter from day one.

Ida Kristensen is a senior partner in our New York office. She coleads the Risk & Resilience Practice and advises leading financial institutions on cybersecurity, strategies for risk management, regulatory compliance, and operational improvement.

Oliver Bevan is a partner in our Chicago office and a leader in our Risk and Resilience and Technology Practices. He leads our client work at the intersection of technology and risk, focusing on generative AI, data privacy, third party management, and trust and safety.

Ida and Oliver’s article, Implementing generative AI with speed and safety is available on McKinsey.com

Related reading:

The economic potential of generative AI: The next productivity frontier

A generative AI reset: Rewiring to turn potential into value in 2024

Generative AI poses both risks and opportunities. Ida Kristensen and Oliver Bevan join us to discuss how we can mitigate the former while moving to capture the latter from day one.
<a href="https://www.mckinsey.com/our-people/ida-kristensen">Ida Kristensen</a> is a senior partner in our New York office. She coleads the Risk &amp; Resilience Practice and advises leading financial institutions on cybersecurity, strategies for risk management, regulatory compliance, and operational improvement.
<a href="https://www.linkedin.com/in/oliver-bevan-86102844/">Oliver Bevan</a> is a partner in our Chicago office and a leader in our Risk and Resilience and Technology Practices. He leads our client work at the intersection of technology and risk, focusing on generative AI, data privacy, third party management, and trust and safety.
Ida and Oliver’s article, <a href="https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/implementing-generative-ai-with-speed-and-safety">Implementing generative AI with speed and safety</a> is available on McKinsey.com
<hr>
Related reading:
<a href="https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier">The economic potential of generative AI: The next productivity frontier</a>
<a href="https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/a-generative-ai-reset-rewiring-to-turn-potential-into-value-in-2024">A generative AI reset: Rewiring to turn potential into value in 2024</a>

203. Managing the risks around generative AI

M&A dealmakers have been on a wild ride. From the pandemic-fueled rout in 2020 to 2021’s record-breaking recovery, followed by a steep decline in 2023, the global M&A market has offered something of a masterclass in volatility. In this episode, we are joined by senior partners Jake Henry, Mieke Van Oostende, and Andy West to discuss the trends in the global M&A environment in 2024 and what they mean for business leaders. Jake and Mieke recently published a report on McKinsey.com, Top M&A trends in 2024: Blueprint for success in the next wave of deals, which forms the basis for our discussion.

The report also includes a compendium of articles analyzing deal activity in the chemicals, tech media and telecom, life sciences, financial services, consumer goods, and transport and logistics industries in 2023. 

M&amp;A dealmakers have been on a wild ride. From the pandemic-fueled rout in 2020 to 2021’s record-breaking recovery, followed by a steep decline in 2023, the global M&amp;A market has offered something of a masterclass in volatility. In this episode, we are joined by senior partners <a href="https://www.mckinsey.com/our-people/jake-henry">Jake Henry</a>, <a href="https://www.mckinsey.com/our-people/mieke-van-oostende">Mieke Van Oostende</a>, and <a href="https://www.mckinsey.com/our-people/andy-west">Andy West</a> to discuss the trends in the global M&amp;A environment in 2024 and what they mean for business leaders. Jake and Mieke recently published a report on McKinsey.com, <a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/top-m-and-a-trends-in-2024-blueprint-for-success-in-the-next-wave-of-deals">Top M&amp;A trends in 2024: Blueprint for success in the next wave of deals,</a> which forms the basis for our discussion.
The report also includes a compendium of articles analyzing deal activity in the <a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/chemicals-success-through-timely-tailored-action">chemicals</a>, <a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/thoughtful-m-and-a-strategies-are-key-to-growth-in-tech-media-and-telecom">tech media and telecom</a>, <a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/life-sciences-m-and-a-shows-new-signs-of-life">life sciences</a>, <a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/rebound-of-financial-services-m-and-a-focus-on-growth-and-capabilities">financial services</a>, <a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/consumer-goods-a-changing-landscape-for-successful-m-and-a">consumer goods</a>, and <a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/the-shifting-sands-of-m-and-a-in-transportation-and-logistics">transport and logistics</a> industries in 2023.

149. Capturing value in digital transformations

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