The McKinsey Quarterly

The McKinsey Quarterly Newsletter
September 2007 | Member Edition



Editors’ Choice

STRATEGY | Putting strategy into strategic planning

Richard Rumelt, a giant in the field of strategic planning, explains why it often isn't strategic at all. He also sounds off on diversification, how companies can capitalize on a changing business environment, managing for share prices, and the role of the CEO. Read “Strategy’s strategist: An interview with Richard Rumelt.”

 

This Month’s Highlights

MARKETING | How companies can make the most of user-generated content
The success of online participatory media—video-sharing sites and corporate wikis alike—depends on the quality contributions of a small core of enthusiasts.


MARKETING | The evolving role of the CMO
Many chief marketers still have narrowly defined responsibilities that emphasize advertising, brand management, and market research. But to succeed today, they must spread their wings and assume a new role as “the customer’s voice.” (Premium)


ORGANIZATION | The link between profits and organizational performance
A McKinsey analysis of hundreds of global companies shows that efforts to address “soft” management issues—like talent, culture, and values—may have a direct financial payoff. (Premium)


OPERATIONS | Bringing best practice to China
The country is playing catch-up now, but practices, products, and processes developed there will eventually become the global standard.


FOOD & AGRICULTURE | Harvesting Latin America’s agribusiness opportunity
Argentina and Brazil are already agricultural giants, but the best local companies are far in advance of the rest. [Includes translations into Portuguese and Spanish]


FINANCIAL SERVICES | Bank branches that meet customer needs
Banks have spent huge sums redoing their branches, with no clear payback. They should put utility before aesthetics and devote more effort to managing visits from customers. (Premium)


Also New
Did You Miss These Top Articles?
Read some of our most popular articles from recent months:

In the News
Insights from the archive

Market turmoil
Do fundamentals—or emotions—drive the stock market?” (2005 Special Edition: Value and performance) reminds us that although emotions can drive its fluctuations, significant departures from intrinsic value are rare—and fairly short lived. (Premium) [Audio included]

Chart Focus

When to exit a failing venture
Businesspeople, no less than others, suffer from cognitive biases that can undermine their objectivity—particularly in potentially career-destroying decisions to exit foundering businesses or struggling projects.


McKinsey Classics
Articles of enduring interest

The war for talent
Nine years ago a team of McKinsey authors asserted that US companies would struggle with a severe and worsening shortage of executive talent for decades. “The war for talent” (1998 Number 3) offers enduring strategies for organizations willing to make the problem a top priority. (Normally premium, this article is available free of charge through September 12.)

New Articles in Audio

Download these audio files after clicking through to the articles, or view our full list of articles in audio. We add new audio files monthly.

Getting more out of offshoring the finance function

The granularity of growth (Premium)

Living with the limitations of success

Preempting hostile takeovers (Premium)

A quiet revolution in China’s capital markets

The state of the corporate board, 2007: A McKinsey Global Survey (Premium)


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