The McKinsey Quarterly is the business journal of McKinsey & Company. First time here? Read our Quarterly Basics. Also note that:

Featured Article

Identifying the savings opportunities at investment banks
Financial Services, Banking, Identifying savings opportunities investment banks

August 2008

US investment banks are cutting costs by shrinking employment, but they can trim other types of spending without causing serious damage to their culture or morale.

Also New in Banking

Financial Services, Banking, growing opportunity investment banks in emerging markets
The growing opportunity for investment banks in emerging markets

August 2008

As gloom besets capital markets in the developed world, the prospects of emerging ones continue to shine.

Financial Services, Banking, How US banks attract middle-market customers
How US banks can attract middle-market customers

August 2008

Middle-market customers do tend to resist the hassle of forming new banking relationships. But banks that offer them the right products at the right time can change their minds.

Financial Services, Banking, Adapting lean customized bank processes
Adapting lean for customized bank processes

August 2008

Even steps that require customization and expert judgement can be streamlined effectively.

Editors' Choice

Health Care, Pharmaceuticals , better way to speed adoption of vaccines
A better way to speed the adoption of vaccines

August 2008

Mapping the way decision makers interact could hasten the introduction of vaccines.

Health Care, Hospitals, service strategies US hospitals
Service-line strategies for US hospitals

July 2008

All signs point to a more specialized future for US hospitals. But getting from here to there won’t be easy.

Financial Services, Banking, talent shortage European banks
A talent shortage for European banks

July 2008

A shortage of strong internal candidates for critical positions will force European banks to overhaul their talent-management efforts in order to stay competitive and ensure strong growth.

Information Technology, Networking, next step in open innovation
The next step in open innovation

June 2008

The creation of knowledge, products, and services by online communities of companies and consumers is still in its earliest stages. Who knows where it will lead?

Energy, Resources, Materials, Electric Power, regulation for European electric power
Next-generation regulation for European electric power

June 2008

The Performance-Based Rate model has helped both distributors and users of electricity, but for it to remain beneficial, significant changes must be made.

Strategy, Strategic Thinking, SCP Framework
Enduring ideas: The SCP Framework

July 2008

In one of a series of interactive presentations, McKinsey director emeritus John Stuckey comments on SCP, a framework that illustrates the influence of an industry's structure on the conduct and performance of industry players, and the effects of external shocks on all three.

Operations, Performance, capital projects for competitive advantage
Managing capital projects for competitive advantage

June 2008

Investment in capital projects is rising. First-rate contracting will help companies to get a significant leg up on their rivals.

Automotive, Strategy & Analysis, Can North American auto suppliers create value?
Can North American auto suppliers create value?

June 2008

The automakers have vastly more power than the North American companies that supply them. To create value, the suppliers must redress the balance.

Health Care, Strategy & Analysis, What consumers want in health care
What consumers want in health care

June 2008

Consumers are confused, concerned, and uncertain about their health insurance and financing needs. Companies should listen to them.

Recent Interviews

Information Technology, Management, interview with US Defense Department agency director
Boosting performance in public-sector IT: An interview with a US Defense Department agency director

July 2008

David Fisher talks about his experiences after he went from the private sector to the biggest organization in the US government.

Energy, Resources, Materials, Electric Power, interview Rocky Mountain Institute's Amory Lovins
Using energy more efficiently: An interview with the Rocky Mountain Institute's Amory Lovins

July 2008

Amory Lovins argues that market forces, not regulation, will play the key role in promoting more efficient energy consumption.

Recent Surveys

Information Technology, Management, web 2.0 enterprise survey
Building the Web 2.0 Enterprise: McKinsey Global Survey Results

July 2008

Companies are using more Web 2.0 tools and technologies than they were last year, sometimes for more complex business purposes, according to McKinsey’s second annual survey on Web 2.0. Companies that are satisfied with their use of these tools are starting to see changes throughout the enterprise.

Economic Studies, Productivity & Performance, hiring survey mckinsey
Economic and hiring outlook, Second Quarter 2008: A McKinsey Global Survey

June 2008

Executives say that their companies can’t raise prices to match inflation. Manufacturers— and executives in China—are the only exceptions.

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Supply Chain Risk

Supply chain risk is rising, but few companies are meeting their own expectations of how they should manage that risk.

In the News: China's Big Moment

Special Issue on ChinaAs Beijing hosts the 2008 Olympics, the eyes of the world are on China. To mark the occasion, The McKinsey Quarterly has published a collection of articles on the country and its global business prospects.

See all of our articles on China.

Special Collection

Public Sector, Management, lean production
Lean services

The lean approach is moving beyond manufacturing, to services of all kinds—insurance, hospitals, governments, airline maintenance, product development, IT, retailing, and publishing, to name just a few.

Case in Point

Rapid transformation of a sales force

August 2008

Taking a phased “university approach” to change helped one company transform its sales force—successfully—in 6 months rather than the usual 12 to 24.

On Climate Change

Operations, Supply Chain & Logistics , Climate change and supply-chain management
Climate change and supply chain management

July 2008

Top companies regard climate change as an opportunity to get closer to suppliers—effectively reducing both costs and carbon in their supply chains.

Economic Studies, Productivity & Performance, invest in energy efficiency
How the world should invest in energy efficiency

July 2008

A program that targets cost-effective opportunities in energy productivity could halve the growth in energy demand, cut emissions of greenhouse gases, and generate attractive returns.

More on climate change

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New in Finance

Corporate Finance, Performance, managing capital projects asia
Managing capital projects: Lessons from Asia

July 2008

Some Asian companies are better at executing capital projects than are rivals elsewhere. What lessons can others learn from them?

Organizing for value

July 2008

The division structure can mask big differences in the performance of smaller units. A finer-grained approach can better show where value comes from.

A better way to understand TRS

July 2008

Traditional methods of analyzing total returns to shareholders are flawed. There’s a better way.

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