A former finance minister makes the case for openness and discusses “de-risking.” Source: McKinsey The Brazilian experience in financing infrastructure

Industry leaders emphasize the importance of four management practices in a transformation. Source: McKinsey Change lessons from pharma and med tech

The acclaimed cellist explains how he chooses and works with partners and shares advice on honing one’s talent. Source: Ideacast 526: Yo-Yo Ma on Successful Creative Collaboration

Although survey respondents say the value of customer analytics is declining, our findings show these analytics clearly drive value. Focusing on three factors can help companies reap the benefits. Source: McKinsey Why customer analytics matter

Not all social technologies bring equal benefits. In a new survey, respondents say the most valuable tools make it easier for employees to collaborate—and could even transform the way organizations work. Source: McKinsey How social tools can reshape the organization

This paper examines liquidity management in banks in the context of the credit and liquidity crisis that began in 2007. Source: McKinsey Liquidity: Managing an undervalued resource in banking after the crisis of 2007-2008

This working paper illustrates some of the pitfalls companies have encountered in optimizing manufacturing footprint, and it outlines a more holistic approach that includes systematically identifying key uncertainties and flexibility factors and quantifying their impact. Source: McKinsey Incorporating risk and flexibility in manufacturing footprint decisions

This working paper highlights how probabilistic modeling can fail when used in the wrong way. It explains two different relevant definitions of the term probability, discusses some fundamental problems in dealing with uncertainty, and gives concrete examples how probabilistic modeling can be used well. Source: McKinsey Probabilistic modeling as an exploratory decision-making tool

While there are important lessons to be learned from the recent turmoil in credit and liquidity, the core message of this paper is that banks also have an opportunity to turn good risk management into a true competitive advantage. Source: McKinsey Turning risk management into a true competitive advantage: Lessons from the recent Read more about Turning risk management into a true competitive advantage: Lessons from the recent crisis[…]