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 di...
239. CEO perspectives: Jim Fitterling, Chair and CEO of Dow Inc.
Innovation and transformation become critical imperatives for many organizations, especially as they grow larger and mature. The complex merger and series of spin-offs that Dow Inc. underwent with E. I. du Pont de Nemours and Company between 2017 and 2018 is among the more dramatic of such reinventions. The move to create a materials science company (Dow), an agricultural business (Corteva), and an industrial company (Dupont), remains a much-studied growth strategy case. In this episode, Dow Inc. Chair and CEO Jim Fitterling talks with McKinsey Senior Partner and Global Energy and Materials Practice leader John Warner about why the “merge-spin” made sense then and now, and about leading a global company with compassion in a rapidly changing world. Related insights How Dow reinvented itself Getting fit for growth: The leadership mindsets and behaviors that matter The Committed Innovator: A conversation with Neal Gutterson of Corteva The making of a megadeal: Howard Ungerleider on the merger of Dow and DuPont Top M&A trends in 2024: Blueprint for success in the next wave of deals How one approach to M&A is more likely to create value than all othersSupport the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information
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238. How leading CEOs excel at stakeholder engagement
The best leaders are masterful communicators. They advance the aspirations of their companies with compelling, singular narratives that inspire a wide range of internal and external stakeholders. In this episode, we’re joined by three CEO and stakeholder relations experts who share their research into how CEOs can foster deeper dialogues and more meaningful connections with their wide range of stakeholders. Blair Epstein is a partner in our Bay Area office and a leader in our CEO Excellence Practice. Julia McClatchy is a partner in our Philadelphia office and a leader in our Growth, Marketing, and Sales Practice, and Eric Sherman is an expert based in our New York office who co-leads our CEO communications work. Related Insights How the best CEOs build lasting stakeholder relationships The CEO’s essential checklist: Questions every chief executive should be able to answer CEO Excellence: The Six Mindsets That Distinquish the Best Leaders from the Rest The Journey of Leadership: How CEOs Learn to Lead From the Inside OutSupport the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information
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237. Adapting on the go: How Judy Marks leads Otis Worldwide Corporation through all manner of change
Judy Marks is one of the few dozen women who lead Fortune 500 companies. She joined Connecticut-based Otis Elevator in 2017 as President, and was appointed CEO in 2019. After leading the company’s 2020 spinoff to become an independent publicly traded company, she was appointed Chair as well. Additionally, Judy serves on the board of Caterpillar. In this episode McKinsey Senior Partner and North America Chair Eric Kutcher talks with Judy about how she thinks about geopolitical shifts, technological change, and leading 71,000 employees in more than 200 countries and territories around the globe. Related insights The art of 21st-century leadership: From succession planning to building a leadership factory A business of its times: Haier’s self-evolving organization Author Talks: IBM’s Ginni Rometty on leading with ‘good power’ Getting fit for growth: The leadership mindsets and behaviors that matter Opening doors for women leaders: An interview with Caroline Feeney CEO PerspectivesSupport the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information
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236. How corporate boards are responding to their changing role
Corporate boards face increasing complexity as factors such as technological and geopolitical change challenge the organizations they serve. At the same time, boards are expected to do more, including to serve as catalysts of value creation. In this episode we talk with three experts on board effectiveness about their research: Senior partners Frithjof Lund and Celia Huber lead McKinsey’s Board Services Practice, together with senior expert Nina Spielmann. Their recently published analysis, “Better together: Three ways to boost board–CEO collaboration,” looks at the ways boards can do more to help advance the corporations they steward. Related insights The rising complexity of board directorship Ready to board: Ascending new heights through CEO-board communicationSupport the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information
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235. Reimagining board communications
We discuss the role of technology in improving board communications, the challenges boards face in managing information, and how AI and cloud-based platforms can help streamline board meetings and improve decision-making.Our guests are Niamh Corbett, the Head of Americas for Board Intelligence, McKinsey senior partner Celia Huber, who leads our North American Board Services Practice, and actor, filmmaker, and entrepreneur Edward Norton, who is also the co-founder and head of strategy at Zeck—a cloud-based software platform designed specifically for boards. Related insights Better together: Three ways to boost board–CEO collaboration The rising complexity of board directorship Ready to board: Ascending new heights through CEO-board communication Zeck is software that reimagines the board meeting process to improve decision-making for boards, investors, and management teams. Board Intelligence provides management reporting software and a board portal that unlocks your business’s performance and governance.Support the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information
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.
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