143: Jim Hemerling, BCG. Co-author of "Beyond Great: Nine Strategies for Thriving in an Era of Social Tension, Economic Nationalism, and Technological Revolution"

143: Jim Hemerling, BCG. Co-author of "Beyond Great: Nine Strategies for Thriving in an Era of Social Tension, Economic Nationalism, and Technological Revolution"

Jim Hemerling is Senior Partner at Boston Consulting Group’s San Francisco office and a leader in the firm’s People & Organization and Transformation Practices. He has been the leader of BCG Greater China and is a Fellow of the BCG Henderson Institute. His work with clients and his research focuses on holistic human-centric approaches to organizational transformation. Jim is a co-author of BCG's new book - Beyond Great: Nine Strategies for Thriving in an Era of Social Tension, Economic Nationalism, and Technological Revolution.

Global companies remain hamstrung by organizational forms that leave them mired in bureaucracy and slow to respond to changing needs. To grow in the volatility of the 21st century, firms must go beyond the familiar matrix structure and reconfigure themselves in more flexible ways. COVID-19 and its myriad effects on ways of working will force leaders to rethink how they build teams and acquire, upskill, and retain talent.

Hemerling and his colleagues launched a study of dozens of global companies to determine successful leadership strategies and found that, though seemingly obvious, the best leaders put people and their needs first, rather than regarding them as resources to exploit.

Hemerling and coauthors write about these topics in Beyond Great: Nine Strategies for Thriving in an Era of Social Tension, Economic Nationalism, and Technological Revolution (October 6, PublicAffairs). BCG’s first major book in years, it will redefine strategy in the post-COVID era.

Extending their research far beyond the expected Silicon Valley players, Hemerling and his coauthors at BCG looked at over fifty companies and interviewed hundreds of CEOs across sectors and geographies.

The trends:

  • By 2030, companies around the world will have some eight-five million skilled jobs unfilled—a gap that will exact a severe economic toll;
  • In a 2018 BCG survey of 366,000 people from two hundred countries, ranked “good work-life balance” as much more important than “financial compensation”
  • Over 40 percent of hiring managers anticipated that nontraditional educational criteria—like a coding “boot camp”—would soon be just as good a credential as a college degree when evaluating candidates.

For incumbents to thrive amidst these challenges, they must deploy new strategies that touch every part of their business, from value propositions and global supply chains to leadership and social responsibility goals. A huge part of this is leadership and the future of work—how to retain employees, attract top talent, and navigate tension when global forces are changing attitudes about work and life.

Examples of innovative leadership:

  • Deemphasizing hierarchy encourages employees to take ownership of projects and propel them forward without bothering to seek approval from bosses;
  • Exploiting the gray area of informal conversations that typically take place between colleagues allows employees to break free from their daily work and innovate;
  • Gamifying candidate screening and identifying talent via online competitions and hackathons to appeal to a new generation.

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Episoder(499)

108: McKinsey's Tim Koller, coauthor of Valuation, leader of McKinsey Corporate Finance  practice

108: McKinsey's Tim Koller, coauthor of Valuation, leader of McKinsey Corporate Finance practice

Conversation with Tim Koller, a core leader of McKinsey & Company’s Corporate Finance Practice. “WHAT is the most influential contemporary book about the world economy? An obvious choice is Capital in the Twenty­ First Century, a 696­ page analysis of inequality by Thomas Piketty, a French economist. There is another candidate: Valuation, an 825­page manual on corporate finance and shareholder value. Some 700,000 copies of it encumber the bookshelves of MBA students, investors and chief executives around the globe…The sixth edition of Valuation, published last year, a quarter of a century after the first, is a reminder of why shareholder value is still the most powerful idea in business and why many criticisms thrown at it are unfair.” – The Economist “A 'how-to' guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies.” ―New York Times “The book's clarity and comprehensive coverage make it one of the best practitioners' guides to valuation.” ―Financial Times

11 Jul 20201h 1min

107: Consulting workshop best practices

107: Consulting workshop best practices

Get access to free training episodes: https://www.firmsconsulting.com/promo SUBSCRIBE TO FIRMSCONSULTING'S YOUTUBE CHANNEL http://bit.ly/Firmsconsultingsubscribe CONNECT WITH FIRMSCONSULTING ON SOCIAL MEDIA https://www.youtube.com/user/firmsconsulting https://www.instagram.com/firmsconsulting/ https://www.linkedin.com/company/firmsconsulting/ https://www.facebook.com/Firmsconsulting/ https://twitter.com/firmsconsulting https://www.pinterest.com/firmsconsulting/

9 Jun 20209min

106: Overall goal of every consulting interaction

106: Overall goal of every consulting interaction

Get access to free training episodes: https://www.firmsconsulting.com/promo SUBSCRIBE TO FIRMSCONSULTING'S YOUTUBE CHANNEL http://bit.ly/Firmsconsultingsubscribe CONNECT WITH FIRMSCONSULTING ON SOCIAL MEDIA https://www.youtube.com/user/firmsconsulting https://www.instagram.com/firmsconsulting/ https://www.linkedin.com/company/firmsconsulting/ https://www.facebook.com/Firmsconsulting/ https://twitter.com/firmsconsulting https://www.pinterest.com/firmsconsulting/

2 Jun 20208min

105: Advanced predictive problem solving (Turquoise Eyes: A Novel about Problem Solving & Critical Thinking)

105: Advanced predictive problem solving (Turquoise Eyes: A Novel about Problem Solving & Critical Thinking)

Turquoise Eyes started off the groundbreaking new genre developed by FIRMSconsulting that combines compelling narrative while teaching problem solving and critical thinking skills. Set after a bank begins implementing a new retail banking strategy, we follow Teresa García Ramírez de Arroyo, a director-general in the Mexican government, who has received some disturbing news. A whistleblower has emailed Teresa with troubling news about a mistake in the loan default calculations and reserve ratios. The numbers do not add up.   The Turquoise Eyes: A Novel about Problem Solving & Critical Thinking is available on Amazon.   Buy a copy by midnight EST June 10 2020 and receive 1-month complimentary access to the accompanying video course.   BUY THE BOOK HERE: https://amzn.to/3bzVa6g   To celebrate the launch week for Turquoise Eyes: A Novel about Problem Solving & Critical Thinking, until midnight EST June 10 2020 only, we offer this purchase gift to customers as our way of showing that we're truly thankful that you chose FIRMSconsulting. This is the 1st episode of the accompanying program. To Claim Your Complimentary 1 Month Access to the Accompanying Program:   1) BUY THE BOOK HERE: https://amzn.to/3bzVa6g 2) Reply to this email by midnight EST June 10 2020 with the following: Your Name Your receipt for the book (Kindle, paperback or hardcover) A Mention of Your Review for the above book If you've left a Review, please include a link - we'd love to read it and sincerely appreciate it. Even if you haven't left an Amazon review but only left Goodreads review, your training program 1 month access will still be sent to you! While we cannot require Amazon review to take advantage of our free gift to you, we would certainly appreciate your feedback and it will be a great way to support the book and FC. YOU CAN LEAVE A REVIEW FOR AMAZON HERE: https://amzn.to/3bzVa6g AND HERE FOR GOODREADS: https://www.goodreads.com/book/show/53252396-turquoise-eyes We look forward to hearing from you! Kris CEO, FIRMSconsulting   P.S. Please help us get the word out by sharing the purchase link with friends, family, and colleagues. This purchase gift is limited to the launch week only. Your friends can reach out to us about claiming their launch purchase gift at support@firmsconsulting.com. Thank you in advance!! Some links above are affiliate links. As an Amazon Associate we earn from qualifying purchases. Video version of this episode: https://youtu.be/xQqufjwFm9E

26 Mai 202029min

104: How to resign from your job the right way

104: How to resign from your job the right way

How can you resign from your job with dignity, compassion, and grace, without burning any bridges with your employer? Here we share simple principles to help you leave your role in a way that leaves a positive impression with your superiors, colleagues, and organization. Do you have a story about resigning? Tell us more with a comment below. ---------- Get access to free training episodes: https://www.firmsconsulting.com/promo SUBSCRIBE TO FIRMSCONSULTING'S YOUTUBE CHANNEL NOW http://bit.ly/Firmsconsultingsubscribe CONNECT WITH FIRMSCONSULTING ON SOCIAL MEDIA https://www.youtube.com/user/firmsconsulting https://www.instagram.com/firmsconsulting/ https://www.linkedin.com/company/firmsconsulting/ https://www.facebook.com/Firmsconsulting/ https://twitter.com/firmsconsulting https://www.pinterest.com/firmsconsulting/ This video is all about how to resign, how to resign from a job, resignation, how to quit, quitting a job, quit a job, leaving on good terms, career, business career, career growth. #howtoresign #howtoresignfromajob #resignation

9 Mai 202018min

103: The secretive world of Samsung, the South Korean tech giant. Geoffrey Cain

103: The secretive world of Samsung, the South Korean tech giant. Geoffrey Cain

Strategy Skills Podcast 103: The secretive world of Samsung, the South Korean Tech Giant. With Geoffrey Cain Access advanced training episodes: http://www.firmsconsulting.com/promo An explosive expose of Samsung, one of the biggest and most secretive companies in the world, as the Korean juggernaut battles Apple and Sony to dominate the world of technology. Seen for decades in tech circles as a fast follower rather than an innovation leader, Samsung today has grown to become a market leader in the United States and around the globe. They have captured one quarter of the smartphone market and have been pushing the envelope on every front. In SAMSUNG RISING: The Inside Story of the South Korean Giant that Set Out to Beat Apple and Conquer Tech, Geoffrey Cain offers a penetrating look behind the curtains of the biggest company nobody in America knows. Forty years ago, Samsung was a rickety Korean agricultural conglomerate that produced sugar, paper, and fertilizer, located in a backward country with a third-world economy. However, with the rise of the PC revolution, Chairman Lee Byung-chul began a bold experiment: to make Samsung a major supplier of computer chips. The multimillion-dollar plan was incredibly risky but Lee, wowed by a young Steve Jobs, who sat down with the Chairman to offer his advice, became obsessed with creating a tech empire. In SAMSUNG RISING, readers follow behind the scenes as the company fought its way to the top of tech. Today, Samsung employs over 300,000 people (compared to Apple’s 80,000 and Google’s 48,000). The company’s revenues have grown more than forty times from that of 1987 and make up more than 20 percent of South Korea’s exports. It is also one of Apple’s chief suppliers of technology critical to the iPhone, while its own Galaxy phone outsells the iPhone. Yet their disastrous recall of the Galaxy Note 7, with numerous reports of phones spontaneously bursting into flames, reveals the dangers of the company’s headlong attempt to overtake Apple at any cost.

15 Apr 20201h 30min

102: Current crisis = golden opportunity to transform your life

102: Current crisis = golden opportunity to transform your life

Our clients are often facing crises and catastrophes somewhere in the world. From virus outbreaks to earthquakes, wildfire evacuations and more. And they write to us about their immediate plans to manage the situation. What we find is that they almost always take actions that damage their careers and hurt their lives. They let external factors, the media narrative and their social network influence them to make poor choices that handicap their lives. Often severely. They don't realize that the biggest, fastest and most sustainable way to transform one’s life and career is to leverage a crisis. Don't run from a crisis. Run into a crisis. This is a short episode released on Strategy Skills iTunes channel and YouTube which includes an overview of the full program we released for FC Insiders (StrategyTraining.com/Strategy Training apps). The full program: https://www.strategytraining.com/how-to-manage-a-crises

19 Mar 20207min

101: Interview with McKinsey partner Peter Dahlström on the source of competitive advantage in the digital era

101: Interview with McKinsey partner Peter Dahlström on the source of competitive advantage in the digital era

This is #101 episode of the Strategy Skills podcast. In this episode we interview senior partner at McKinsey & Company Peter Dahlström on the source of competitive advantage in the digital era.  Peter Dahlström leads McKinsey’s client and firm communications. As the global leader for McKinsey Digital’s B2C team, he serves leading institutions in the telecommunications, high-tech, media, and fast-moving consumer-goods industries. Peter is a co-author of FAST TIMES: How Digital Winners Set Direction, Learn, and Adapt.  Access free training episodes from our paid advanced strategy training programs here (opt-in for free to get access): https://www.FIRMSconsulting.com

28 Feb 202058min

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