The McKinsey Quarterly

The McKinsey Quarterly Newsletter
August 2008



New from the Quarterly in August 2008

STRATEGY | Building the Web 2.0 Enterprise: McKinsey Global Survey Results

Only 21 percent of the executives responding to a recent McKinsey survey expressed satisfaction with the way their companies use Web 2.0 tools. But the companies of the satisfied respondents use them successfully not just inside the enterprise, to establish two-way communication with employees, but also outside it, to let customers and suppliers participate in the development of products and to form external networks tapping widely dispersed knowledge. Read “Building the Web 2.0 Enterprise: McKinsey Global Survey Results” to learn more about companies that use these tools successfully and what distinguishes them from the rest.

 

Also new this month

ECONOMIC STUDIES | How the world should invest in energy efficiency
Consuming energy more efficiently will not only stretch finite natural resources and slow the increase in carbon emissions but also give businesses and consumers opportunities to earn a 17 percent average internal rate of return.


ORGANIZATION | A talent shortage for European banks
European banks are finding it harder to snare the best people. Their top executives will have to live talent management, not just discuss it.


OPERATIONS | Climate change and supply chain management
Many companies that claim to regard climate change as an important issue ignore it when they buy inputs and supplies. Yet forward-looking consumer goods and high-tech businesses are using greener supply chains as an opportunity to cut costs.


New in Finance

CORPORATE FINANCE | A better way to understand TRS
Traditional ways of analyzing total returns to shareholders are flawed. A better one can encourage more appropriate comparisons and performance goals.


CORPORATE FINANCE | Organizing for value
Success in one unit can mask failure in others. The answer? Organize to make decisions at a more granular level.


CORPORATE FINANCE | Managing capital projects: Lessons from Asia
Capital managers in Asia—the probable location of more than half the world’s capital investments in coming years—have adopted some practices that their counterparts elsewhere might learn and use.


New in Health Care

HEALTH CARE | Service-line strategies for US hospitals
Hospitals can no longer be all things to all patients. They could compete more effectively with focused competitors by building world-class skills in just a few clinical areas.


HEALTH CARE | A better way to speed the adoption of vaccines
A business tool that identifies relationships among decision makers could help countries introduce vaccines more quickly.


New on China

STRATEGY | Meeting the challenges of China’s growing cities
Galloping urbanization in China is inevitable. A McKinsey Global Institute study shows how the country can shape it to use resources efficiently and minimize urban problems.


STRATEGY | A growth strategy for a Chinese state-owned enterprise: An interview with ChemChina's president
Ren Jianxin explains how domestic acquisitions helped prepare the way for overseas ones.


ORGANIZATION | How to address China's growing talent shortage
For domestic and foreign companies alike, the imbalance between business opportunities in China and qualified executives to manage them will get a lot worse before it gets better.


ENERGY, RESOURCES, MATERIALS | Cleaner energy for China: An interview with the chairman of ENN Group
In a country with a major pollution problem, a privately held company is trying to develop a part of the solution.


See more articles on China


Visit our Chinese-language Web site

Interviews

From internal service provider to strategic partner: An interview with the head of Global Business Services at P&G


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


Enduring ideas

The SCP Framework
In one of a series of interactive presentations, McKinsey director emeritus John Stuckey comments on the SCP framework, which illuminates the influence of an industry’s structure on the conduct and performance of the companies in it, as well as the effects of external shocks on all three.


Chart Focus

Is your company the natural owner of its businesses?
The most important thing in managing a portfolio of businesses is the difference an owner can make to them, not their absolute level of returns.


New Podcasts

Download and listen to these conversations on topics of recent McKinsey Quarterly articles.

Investing the Gulf’s oil profits windfalls


The Evolution of the Solar Power Industry


Globalization in Aerospace


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