Great CEOs know that the transition to their successor will define their legacy and cement the strength of what they’ve built. We speak with three McKinsey experts about how the best CEOs prepare for the final phase of their tenure. We're joined by Carolyn Dewar, a senior partner in our Bay Area office, Blair Epstein, a partner also based in San Fransisco, and Kurt Strovink, a senior partner in our New York office. 

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The CEO Journey

Join our LinkedIn community of more than 91,000 members and follow us on X at @McKStrategy. 

Explore our collection of Inside the Strategy Room episode transcripts on McKinsey.com.

Great CEOs know that the transition to their successor will define their legacy and cement the strength of what they’ve built. We speak with three McKinsey experts about how the best CEOs prepare for the final phase of their tenure. We're joined by <a href="https://www.mckinsey.com/our-people/carolyn-dewar">Carolyn Dewar</a>, a senior partner in our Bay Area office, <a href="https://www.mckinsey.com/our-people/blair-epstein">Blair Epstein,</a> a partner also based in San Fransisco, and <a href="https://www.mckinsey.com/our-people/kurt-strovink">Kurt Strovink</a>, a senior partner in our New York office. 
<hr>
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<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/sending-it-forward-successfully-transitioning-out-of-the-ceo-role">Sending it forward: Successfully transitioning out of the CEO role</a>
<a href="https://www.mckinsey.com/featured-insights/mckinsey-on-books/ceo-excellence">CEO Excellence: The Six Mindsets That Distinguish the Best Leaders From the Rest </a> 
<a href="https://pages.mckinsey.com/CEO-Excellence-Collection.html">The CEO Journey</a>
Join our <a href="https://www.linkedin.com/showcase/mckinsey-strategy-&amp;-corporate-finance/?viewAsMember=true">LinkedIn community</a> of more than 91,000 members and follow us on X at <a href="https://twitter.com/McKStrategy">@McKStrategy</a>. 
Explore our collection of 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

The world is moving faster, and 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 interview the world’s highest-performing CEOs, CFOs, innovators, and McKinsey experts and discuss how they build the courage, clarity, conviction, and cohesion that allow their businesses to win by moving faster than the world around them. 

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

184. How to manage a successful CEO transition

Generative AI is reshaping the way investors evaluate opportunities and replacing much of the manual work involved in completing an outside-in diligence. Firms that adapt the fastest during this transition have the most to gain. To discuss how the deployment of gen AI in diligence can give organizations an investment edge and explore the shift from traditional diligence to AI-enabled, outside-in analysis we’re joined by David Pralong, a senior partner and the global leader of our Transformation Practice,  William Bundy, a partner in our Washington D.C office, Chase Covington, a partner based in our New York office, and Laura Borton, a consultant also based in our New York office.

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Generative AI is reshaping the way investors evaluate opportunities and replacing much of the manual work involved in completing an outside-in diligence. Firms that adapt the fastest during this transition have the most to gain. To discuss how the deployment of gen AI in diligence can give organizations an investment edge and explore the shift from traditional diligence to AI-enabled, outside-in analysis we&rsquo;re joined by <a href="https://www.mckinsey.com/our-people/david-pralong">David Pralong</a>, a senior partner and the global leader of our Transformation Practice,&nbsp; William Bundy, a partner in our Washington D.C office, <a href="https://www.mckinsey.com/our-people/chase-covington">Chase Covington</a>, a partner based in our New York office, and Laura Borton, a consultant also based in our New York office.
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301. Using generative AI to conduct outside-in diligence

Generative and agentic AI are moving rapidly from experimentation to enterprise-wide transformation—but many CEOs are still grappling with what this really means for their business.

In this episode, McKinsey experts Tanguy Catlin, Sandra Durth, Lari Hämäläinen, and Antoine Montard examine why AI is being viewed as a true general-purpose technology, on par with past breakthroughs like electricity and the internet, and what that implies for competition, investment, and long-term value creation. 

We discuss the importance of thinking across strategy, technology, and organization to maximize the value from AI—and why focusing on productivity alone may not be enough to win.

We also unpack the practical challenges leaders face and how to address them including redesigning workflows and operating models, managing large-scale workforce transitions, and building the skills and organizational capabilities needed to capture AI’s full potential.

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Generative and agentic AI are moving rapidly from experimentation to enterprise-wide transformation&mdash;but many CEOs are still grappling with what this really means for their business.
In this episode, McKinsey experts <a href="https://www.mckinsey.com/our-people/tanguy-catlin">Tanguy Catlin</a>, <a href="https://www.mckinsey.com/our-people/sandra-durth">Sandra Durth</a>, <a href="https://www.mckinsey.com/our-people/lari-hamalainen">Lari H&auml;m&auml;l&auml;inen</a>, and <a href="https://www.linkedin.com/in/antoine-montard/">Antoine Montard</a> examine why AI is being viewed as a true general-purpose technology, on par with past breakthroughs like electricity and the internet, and what that implies for competition, investment, and long-term value creation.&nbsp; We discuss the importance of thinking across strategy, technology, and organization to maximize the value from AI&mdash;and why focusing on productivity alone may not be enough to win.
We also unpack the practical challenges leaders face and how to address them including redesigning workflows and operating models, managing large-scale workforce transitions, and building the skills and organizational capabilities needed to capture AI&rsquo;s full potential.
Related insights&nbsp; 
<a href="https://www.mckinsey.com/quarterly/the-five-fifty/five-fifty-the-agentic-ai-opportunity">The agentic AI opportunity</a>
<a href="https://www.mckinsey.com/capabilities/mckinsey-technology/our-insights/building-the-foundations-for-agentic-ai-at-scale">Building the foundations for agentic AI at scale</a>
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<a href="https://mitsloan.mit.edu/press/new-mit-sloan-research-suggests-ai-more-likely-to-complement-not-replace-human-workers">New MIT Sloan research suggests that AI is more likely to complement, not replace, human workers</a>

300. The CEO’s agenda for thriving in the agentic age

For new CEOs, engaging stakeholders is one of the most important—and most challenging—parts of the job. In this episode, Carolyn Dewar, Blair Epstein, and Eric Sherman discuss how CEOs can build a strong stakeholder strategy from day one.

Drawing on research and their work with leaders across industries, they explore why stakeholder engagement matters so much, the unique challenges new CEOs face, and how leaders can best balance competing priorities across investors, employees, customers, regulators, and communities. They also discuss practical ways to create a clear narrative, strengthen communication, and build leverage through the top team.

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Nail your firsts: A new CEO’s guide to stakeholder impact

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For new CEOs, engaging stakeholders is one of the most important&mdash;and most challenging&mdash;parts of the job. In this episode, <a href="https://www.mckinsey.com/our-people/carolyn-dewar">Carolyn Dewar</a>, <a href="https://www.mckinsey.com/our-people/blair-epstein">Blair Epstein</a>, and <a href="https://www.linkedin.com/in/eric-sherman-2aa66930/">Eric Sherman</a> discuss how CEOs can build a strong stakeholder strategy from day one.
Drawing on research and their work with leaders across industries, they explore why stakeholder engagement matters so much, the unique challenges new CEOs face, and how leaders can best balance competing priorities across investors, employees, customers, regulators, and communities. They also discuss practical ways to create a clear narrative, strengthen communication, and build leverage through the top team.
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<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/nail-your-firsts-a-new-ceos-guide-to-stakeholder-impact">Nail your firsts: A new CEO&rsquo;s guide to stakeholder impact</a>
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-the-best-ceos-build-lasting-stakeholder-relationships">How the best CEOs build lasting stakeholder relationships</a>
<a href="https://www.linkedin.com/pulse/your-best-day-wont-define-you-ceoyour-ndj7c/">Your best day won&rsquo;t define you as CEO&mdash;your worst one will</a>
<a href="https://www.mckinsey.com/featured-insights/mckinsey-on-books/ceo-for-all-seasons">A CEO For All Seasons: Mastering the Cycles of Leadership</a>
<a href="https://www.mckinsey.com/featured-insights/mckinsey-on-books/ceo-excellence">CEO Excellence: The Six Mindsets That Distinguish the Best Leaders From the Rest</a>
<a href="https://bit.ly/429GQgx">The Strategic CEO newsletter on LinkedIn</a>

184. How to manage a successful CEO transition

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