573: How to thrive in the ecosystem economy (with Venkat Atluri)

573: How to thrive in the ecosystem economy (with Venkat Atluri)

Welcome to an episode with a Senior Partner and the global leader in the Tech and Telecommunication practice at McKinsey and Company, Venkat Atluri.

In this episode, we defined the emerging ecosystem economy and how most successful companies navigate and thrive in this new world.

Venkat Atluri is a thought leader at McKinsey, a prolific author, and a sought-after speaker at industry events. He collaborates with top executives, boards, and investors to create value through end-to-end performance transformation, programmatic M&A, and new business building from scale-up to IPOs. He is keenly focused on the future of technology, with special emphasis on the cross-sector opportunities at the intersection of new technologies and emerging business models. He serves clients in the high-tech, media and telecommunications, advanced industries, and consumer sectors. He has a passion for advising venture capital and private equity investors.

Venkat is a leading expert on vast and emerging opportunities created by the network connectivity of devices, systems, platforms, and people that are powered by software and hardware. He draws on this expertise to guide clients through the design and deployment of network and ecosystem-based businesses across sectors.

He has held many leadership positions throughout his tenure at the firm. He co-founded and led McKinsey's IoT (Internet of Things) Practice. He also created a group that aims to incubate new analytic and digital assets, develop innovative client offerings, and build alliances and partnerships with innovators. He previously spearheaded digital, analytics, and tech-enabled transformations for clients in advanced industries, and also led the firm's global efforts in the Technology, Media & Telecommunications Practice to help clients fast-track and sustain transformational impact through leadership alignment, execution support, capability-building, and leadership development via a distinctive set of assets and exceptional digital-learning programs.

Prior to joining McKinsey, Venkat held global operating leadership roles overseeing large businesses and functions, with a focus on product development, management, and deployment.

Outside of McKinsey, Venkat serves on the board of 1871, a world-leading not-for-profit start-up incubator. He is the current chairman of the board and a founding member of Current Water, a not-for-profit that seeks sustainable solutions to water challenges through innovation and collaboration for developing and deploying the tools, practices, and technologies to promote sustainable blue economy growth.

Get Venkat's new book here:

The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders. Venkat Atluri and Miklós Dietz

Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

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528: Discuss your analytic skills, sample answer (Case Interview & Management Consulting classics)

528: Discuss your analytic skills, sample answer (Case Interview & Management Consulting classics)

For this episode, let's revisit a Case Interview & Management Consulting classic where we look at each of the typical McKinsey/BCG FIT/PEI questions and provide a typical answer. Note, that while replicating this approach and standard will help you, we caution you that the main test of fit is in handling the cross-examination of your answer. Most candidates tend to be unprepared for that and we urge you to be very aware this will happen and to practice this interrogation style. You can never memorize your way out of these interrogations questions, since you cannot predict the actual question and, therefore, prepare for them. At least 20% of clients ignore this advice at their peril. The reality is that McKinsey will rarely ask this question directly. They will ask a simple question, not referring to leadership, but expect you to always draw out leadership, analytic, teamwork and "can-do" attributes. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

28 Marras 20229min

527: Sample answer for "Talk about a leadership example" (Case Interview & Management Consulting classics)

527: Sample answer for "Talk about a leadership example" (Case Interview & Management Consulting classics)

For this episode, let's revisit a Case Interview & Management Consulting classic where we look at each of the typical McKinsey/BCG FIT/PEI questions and provide a typical answer. Note, that while replicating this approach and standard will help you, we caution you that the main test of fit is in handling the cross-examination of your answer. Most candidates tend to be unprepared for that and we urge you to be very aware this will happen and to practice this interrogation style. You can never memorize your way out of these interrogations questions, since you cannot predict the actual question and, therefore, prepare for them. At least 20% of clients ignore this advice at their peril.  Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

23 Marras 202221min

526: Sample answer for "Please elaborate on a weakness" (Case Interview & Management Consulting classics)

526: Sample answer for "Please elaborate on a weakness" (Case Interview & Management Consulting classics)

For this episode, let's revisit a Case Interview & Management Consulting classic where we look at each of the typical McKinsey/BCG FIT/PEI questions and provide a typical answer. Note, that while replicating this approach and standard will help you, we caution you that the main test of fit is in handling the cross-examination of your answer. Most candidates tend to be unprepared for that and we urge you to be very aware this will happen and to practice this interrogation style. You can never memorize your way out of these interrogations questions, since you cannot predict the actual question and, therefore, prepare for them. At least 20% of clients ignore this advice at their peril.  Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

21 Marras 202212min

525: Sample answer for "Talk me through your resume" (Case Interview & Management Consulting classics)

525: Sample answer for "Talk me through your resume" (Case Interview & Management Consulting classics)

For this episode, let's revisit a Case Interview & Management Consulting classic where we look at each of the typical McKinsey/BCG FIT/PEI questions and provide a typical answer. Note, that while replicating this approach and standard will help you, we caution you that the main test of fit is in handling the cross-examination of your answer. Most candidates tend to be unprepared for that and we urge you to be very aware this will happen and to practice this interrogation style. You can never memorize your way out of these interrogations questions, since you cannot predict the actual question and, therefore, prepare for them. At least 20% of clients ignore this advice at their peril.  Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

16 Marras 202214min

524: Sample answer for "Why are you interested in this office?" (Case Interview & Management Consulting classics)

524: Sample answer for "Why are you interested in this office?" (Case Interview & Management Consulting classics)

For this episode, let's revisit a Case Interview & Management Consulting classic where we look at each of the typical McKinsey/BCG FIT/PEI questions and provide a typical answer. Note, that while replicating this approach and standard will help you, we caution you that the main test of fit is in handling the cross-examination of your answer. Most candidates tend to be unprepared for that and we urge you to be very aware this will happen and to practice this interrogation style. You can never memorize your way out of these interrogations questions, since you cannot predict the actual question and, therefore, prepare for them. At least 20% of clients ignore this advice at their peril.  Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

14 Marras 202211min

523: The principles of change management (with Gaurav Gupta)

523: The principles of change management (with Gaurav Gupta)

Welcome to an episode with Gaurav Gupta, the Director at change management and strategy execution firm Kotter. Get Gaurav's book here: https://amzn.to/3ApxT5J The level of complexity and the pace at which things are changing in modern society requires leaders and organizations to be more reactive to change. Companies can no longer depend on a linear, methodical, deliberate approach to change. Instead, the key is to rely on a more agile, organic approach where employees are engaged and motivated to participate. As Gaurav mentioned in this episode, "The more organizations, individuals, teams, and leaders can start to frame change as an opportunity, the more people are going to run towards it because there are changes we embrace." In this episode, we discussed the level of change that organizations face today and how they can effectively manage, adapt, and embrace the shifts required in the business. We discussed the kind of leader who thrives in situations where the organization goes through a fast-paced change. Gaurav Gupta worked with clients in industries as diverse as food and beverage, oil and energy, healthcare, chemicals, and finance. Gaurav draws on his extensive global (having worked in over 10 countries) and diverse functional experience in collaborating with business leaders to develop and implement effective transformation efforts. Prior to joining Kotter, Gaurav led the operations for the European office of Stroud International, a management and operations consulting firm. Gaurav combines his passion for international development and education by serving as an executive board member for a non-profit, Medic to Medic, that sponsors medical students in Uganda and Malawi. Gaurav holds a Bachelor of Arts in Physics from Middlebury College and a Master of Science in Aerospace Engineering from Cornell University. Get Gaurav's book here: Change: How Organizations Achieve Hard-to-Imagine Results in Uncertain and Volatile Times. John P. Kotter, Vanessa Akhtar, Gaurav Gupta. https://amzn.to/3ApxT5J Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

9 Marras 202250min

522: The act of wellness (with Ashley Menzies Babatunde)

522: The act of wellness (with Ashley Menzies Babatunde)

Welcome to an episode with an attorney and the host of the No Straight Path Podcast, Ashley Menzies Babatunde. The pressure of keeping up with today's competitive world is undeniably haunting. Most people spend a considerable amount of time at work and struggle to maintain their wellness and wellbeing. Many people are unhappy because they try to achieve too many things in life and lose track of the simple things that truly matter. In this episode, we speak about the gravity of maintaining wellness, prioritizing the time for taking care of yourself, finding your purpose, and living a life with a sense of completeness. We discussed how we can create a healthier and happier society while being successful in our careers and life. Ashley Menzies Babatunde was born and raised in Los Angeles, California. Ashley is a litigation associate in O'Melveny's Los Angeles office. Her practice focuses on Health Care and White Collar Defense & Corporate Investigations. Ashley is a storyteller, optimist, professional heart-warmer, and hopeful romantic. She is passionate about the intersection of humanity and career. She has realized that her achievements or her failures do not define her. Instead, she is defined by the human qualities that have allowed her to achieve success and overcome challenges. Check out Ashley's podcast: No Straight Path aims to humanize success from the millennial perspective. The world often sees the shiny resumes, highlights shared on social media, and job titles associated with a person's LinkedIn profile. We rarely see the story behind it. And when we do, it's often in a memoir towards the end of someone's journey. The podcast aims to delve into the story behind the success with a closer to real-time approach. Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

7 Marras 202246min

521: Redefining risk: How to build a career through bold actions (with Christie Hunter Arscott)

521: Redefining risk: How to build a career through bold actions (with Christie Hunter Arscott)

Welcome to an episode with an award-winning advisor, speaker, and author, Christie Hunter Arscott. Get Christie's book here: https://amzn.to/3Qia05S Most of the time, the word risk is associated with fear and uncertainty. We tend to struggle with harnessing the power of risk-taking. But the first bold step sheds light on that. As Christie mentioned in this episode, "An intentional and strategic risk, even when the output is not what you desired, still can propel you further than if you made the consistent choice to play it safe." In this episode, we discussed the power of intentional risk-taking in building one's career. We spoke about how to encourage women to take chances on themselves to face intentional, intelligent, and strategic risks. Christie Hunter Arscott is a leading expert on how we can harness the power of intentional risk-taking to create more dynamic and vibrant careers and organizations. A Rhodes Scholar, Christie has been named by Thinkers50 as one of the top management thinkers likely to shape the future of business. Christie was also selected for the biannual Thinkers50 Talent Award shortlist of the top global thought leaders in the field of talent management. Christie's research and writing have been featured across international publications, including Harvard Business Review, Forbes, Fortune, European Business Review, TIME, Fast Company, Business Insider, and more. Her article "Why So Many Thirtysomething Women Are Leaving Your Company" was selected for the Harvard Business Review collection of the top articles on diversity. Christie has spoken worldwide to organizations and institutions, including the World Economic Forum, Harvard Business School, the University of Oxford, and the Global Women's Forum for the Economy and Society. Her corporate clients include Bacardi, Deloitte, PWC, HSBC, and more. Christie holds a Bachelor's degree in Political Science from Brown University, a certificate of Distinction in General Management from Stanford University's Graduate School of Business and two Master's degrees with a focus on gender research from the University of Oxford. She currently serves on the Women's Leadership Board of the Women and Public Policy Program at Harvard Kennedy School. Get Christie's book here: Begin Boldly: How Women Can Reimagine Risk, Embrace Uncertainty, and Launch a Brilliant Career. Christie Hunter Arscott. https://amzn.to/3Qia05S Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

2 Marras 202251min

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