This week, we’re joined by Scott Herren, Executive Vice President and Chief Financial Officer of Cisco Systems, and Eric Kutcher, Senior Partner and Chair of McKinsey & Company, North America. They discuss the rationale for Cisco's recent acquisition, the role of CFOs in driving change within a company, the impact of AI on finance, and the current geopolitical and economic climate. 

Related insights:

The Seasons of the CFO

Palo Alto Networks CFO on AI, cybersecurity, and the finance leader’s mandate

Data, analytics, and decisions: An interview with Teradata’s CFO

This week, we’re joined by <a href="https://newsroom.cisco.com/c/r/newsroom/en/us/executives/r-scott-herren.html#:~:text=R.,billion%20and%20approximately%2090%2C000%20employees.">Scott Herren</a>, Executive Vice President and Chief Financial Officer of Cisco Systems, and <a href="https://www.mckinsey.com/our-people/eric-kutcher">Eric Kutcher</a>, Senior Partner and Chair of McKinsey &amp; Company, North America. They discuss the rationale for Cisco's recent acquisition, the role of CFOs in driving change within a company, the impact of AI on finance, and the current geopolitical and economic climate. Related insights:
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-four-seasons-of-the-cfo">The Seasons of the CFO</a>
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/palo-alto-networks-cfo-on-ai-cybersecurity-and-the-finance-leaders-mandate">Palo Alto Networks CFO on AI, cybersecurity, and the finance leader’s mandate</a>
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/data-analytics-and-decisions-an-interview-with-teradatas-cfo">Data, analytics, and decisions: An interview with Teradata’s CFO</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;

218. Cisco Systems CFO on M&A, geopolitics, and the emerging AI opportunity

Today’s disruption has created a critical ‘Strategy Moment’ for organizations navigating a fundamentally changing basis of competitive advantage. Carolyn Dewar, Marcus Jacob and Laura LaBerge join us to debunk four strategy myths and unpack how long-held assumptions are being rewritten to shape foundational strategic choices for a future-focused reality. They also discuss where AI amplifies the challenge—and creates opportunity—and how to determine if your AI investment is pointed in the right strategic direction.  

Related insights

Strategy and Value: The Four Foundations That Drive Long-Term Performance

Strategy’s biggest blind spot: Erosion of competitive advantage

Why accelerated resource allocation matters in the age of AI

How to maximize competitive advantage

How top economic performers lean into their competitive advantage to guide their strategy

CEO Excellence

A CEO for All Seasons: Mastering the Cycles of Leadership

Today&rsquo;s disruption has created a critical &lsquo;Strategy Moment&rsquo; for organizations navigating a fundamentally changing basis of competitive advantage. <a href="https://links.mckinsey.com/NDczLVpZRS01MjIAAAGj5j6QqgfEjcfIPkH-tBYyiVYCK10EVHMEKmbOGGj5Nd8QJyPqBxDUFvEUtxsI1gxI4jtRxOo=">Carolyn Dewar</a>, <a href="https://www.mckinsey.com/our-people/marcus-jacob">Marcus Jacob</a> and <a href="https://links.mckinsey.com/NDczLVpZRS01MjIAAAGj5j6QqkavkZgHZXycs9NBppMgDKguGAtVq89j_mg0iv080TFcjODZ5yq4NuP9a4A_8LkC1MY=">Laura LaBerge</a> join us to debunk four strategy myths and unpack how long-held assumptions are being rewritten to shape foundational strategic choices for a future-focused reality. They also discuss where AI amplifies the challenge&mdash;and creates opportunity&mdash;and how to determine if your AI investment is pointed in the right strategic direction. &nbsp;
Related insights
<a href="https://www.mckinsey.com/featured-insights/mckinsey-on-books/strategy-and-value">Strategy and Value: The Four Foundations That Drive Long-Term Performance</a>
<a href="https://prod.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/strategys-biggest-blind-spot-erosion-of-competitive-advantage">Strategy&rsquo;s biggest blind spot: Erosion of competitive advantage</a>
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/why-accelerated-resource-allocation-matters-in-the-age-of-ai">Why accelerated resource allocation matters in the age of AI</a>
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-to-maximize-competitive-advantage">How to maximize competitive advantage</a>
<a href="https://prod.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-top-economic-performers-lean-into-their-competitive-advantage-to-guide-their-strategy">How top economic performers lean into their competitive advantage to guide their strategy</a>
<a href="https://www.mckinsey.com/featured-insights/mckinsey-on-books/ceo-excellence">CEO Excellence</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>

327. Four strategy myths holding your company back 

As we enter the fourth quarter, we look to where M&A stands and how dealmakers can finish strong. We also explore how AI is rewriting the traditional M&A playbook: success no longer comes from scale alone, but from building intelligent platforms and capabilities that compound over time to drive growth. Benjamin Houssard, Kameron Kordestani, Alex Liu, and Tobias Lundberg walk through how to leverage AI to turn a series of transactions into a self-reinforcing growth engine.

Related insights

2026 M&A trends: Navigating a rapidly rebounding market

Technology M&A: AI enters its industrial phase

Five steps to strengthen M&A capabilities, no matter the starting point

Gen AI in M&A: From theory to practice to high performance

Advanced industries: Geopolitics, economics, and technology drive M&A

Culture in M&A

Using M&A to launch a transformation

As we enter the fourth quarter, we look to where M&amp;A stands and how dealmakers can finish strong. We also explore how AI is rewriting the traditional M&amp;A playbook: success no longer comes from scale alone, but from building intelligent platforms and capabilities that compound over time to drive growth. <a href="https://www.mckinsey.com/our-people/benjamin-houssard?cid=cl4c-cml&amp;sid=%7b%7blead.SFDC%20Id:default=CL4C%7d%7d">Benjamin Houssard</a>, <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fkameronkordestani%2F&amp;data=05%7C02%7CClare_Kitada-SYDN%40external.mckinsey.com%7C1185d76734c84e6ba02a08df1f06e638%7Ccc8936bc93824fff87cb6f55999549e7%7C0%7C0%7C639263786669490784%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=U6lvMeK4p%2FIbHkg%2BxvXK7o6iErUkoOrlYSpEoP47zaM%3D&amp;reserved=0">Kameron Kordestani</a>, <a href="https://www.mckinsey.com/our-people/alex-liu?cid=cl4c-cml&amp;sid=%7b%7blead.SFDC%20Id:default=CL4C%7d%7d">Alex Liu</a>, and <a href="https://www.mckinsey.com/our-people/tobias-lundberg">Tobias Lundberg</a> walk through how to leverage AI to turn a series of transactions into a self-reinforcing growth engine.
Related insights
<a href="https://prod.mckinsey.com/capabilities/m-and-a/our-insights/top-m-and-a-trends">2026 M&amp;A trends: Navigating a rapidly rebounding market</a>
<a href="https://prod.mckinsey.com/capabilities/m-and-a/our-insights/technology-m-and-a-ai-enters-its-industrial-phase">Technology M&amp;A: AI enters its industrial phase</a>
<a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/five-steps-to-strengthen-m-and-a-capabilities-no-matter-the-starting-point">Five steps to strengthen M&amp;A capabilities, no matter the starting point</a>
<a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/gen-ai-in-m-and-a-from-theory-to-practice-to-high-performance">Gen AI in M&amp;A: From theory to practice to high performance</a>
<a href="https://prod.mckinsey.com/capabilities/m-and-a/our-insights/advanced-industries-geopolitics-economics-and-technology-drive-m-and-a">Advanced industries: Geopolitics, economics, and technology drive M&amp;A</a>
<a href="https://omny.fm/shows/inside-the-strategy-room/in-conversation-culture-in-m-a">Culture in M&amp;A</a>
<a href="https://omny.fm/shows/inside-the-strategy-room/192-using-m-a-to-launch-a-transformation">Using M&amp;A to launch a transformation</a>

326. M&A heading into Q4: How AI is reshaping value creation

As AI models become increasingly sophisticated, organizations and their leaders need to maintain awareness of the opportunities and challenges each new model can present. Specifically, the newest Frontier Lab LLMs are able to chain together and exploit vulnerabilities in even the most sophisticated organizations. Charlie Lewis and Marie-Claude Nadeau join us to discuss the threats posed by these models and how organizations can stay ahead of rapidly emerging cybersecurity challenges while also realizing their benefits.


Related insights

McKinsey Technology Trends Outlook 2026

Cybersecurity and trustworthy systems

The speed problem: How frontier AI exposes weakness in enterprise cybersecurity

Quantum is almost here: Are you and your systems ready?

Deploying agentic AI with safety and security: A playbook for technology leaders

As AI models become increasingly sophisticated, organizations and their leaders need to maintain awareness of the opportunities and challenges each new model can present. Specifically, the newest Frontier Lab LLMs are able to chain together and exploit vulnerabilities in even the most sophisticated organizations. <a href="https://www.mckinsey.com/our-people/charlie-lewis">Charlie Lewis</a> and <a href="https://www.mckinsey.com/our-people/marie-claude-nadeau">Marie-Claude Nadeau</a> join us to discuss the threats posed by these models and how organizations can stay ahead of rapidly emerging cybersecurity challenges while also realizing their benefits.
 Related insights
<a href="https://www.mckinsey.com/capabilities/tech-and-ai/our-insights/the-top-trends-in-tech">McKinsey Technology Trends Outlook 2026</a>
<a href="https://www.mckinsey.com/capabilities/tech-and-ai/our-insights/the-top-trends-in-tech#cybersecurity-and-trustworthy-systems">Cybersecurity and trustworthy systems</a>
<a href="https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/the-speed-problem-how-frontier-ai-exposes-weakness-in-enterprise-cybersecurity">The speed problem: How frontier AI exposes weakness in enterprise cybersecurity</a>
<a href="https://prod.mckinsey.com/capabilities/risk-and-resilience/our-insights/quantum-is-almost-here-are-you-and-your-systems-ready">Quantum is almost here: Are you and your systems ready?</a>
<a href="https://prod.mckinsey.com/capabilities/risk-and-resilience/our-insights/deploying-agentic-ai-with-safety-and-security-a-playbook-for-technology-leaders">Deploying agentic AI with safety and security: A playbook for technology leaders</a>

218. Cisco Systems CFO on M&A, geopolitics, and the emerging AI opportunity

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