When risks combine, the cumulative impact can have existential consequences. But leaders can prevent compounding risks from sneaking up on them by adapting risk processes to manage multiple threats. Source: McKinsey How CEOs can mitigate compounding risks

McKinsey spoke to Marijn van Diessen, chief commercial officer of STX, to discuss the necessity for guarantees of origin in the renewable energy market, particularly in the medium term. Source: McKinsey Guarantees of origin: Playing a vital role in decarbonization

Investments in the energy sector are projected to grow from $1.5 trillion today to between $2.0 and $3.2 trillion by 2040, representing growth of between 35 and 120 percent. Source: McKinsey Global Energy Perspective 2023: Energy value pools outlook

Fintechs are companies that rely primarily on technology and cloud services—and less so on physical locations—to provide financial services to customers. Source: McKinsey What is fintech?

Turbulent times have highlighted new fragilities in Europe’s economies. Addressing them could be the catalyst for a new wave of competitiveness and growth. Source: McKinsey Accelerating Europe: Competitiveness for a new era

Is your organization ready for AI implementation? Use this diagnostic tool by Wharton’s Scott Snyder to assess how you can stay ahead.…Read More Source: Knowledge @ Wharton What’s Your Company’s AI Readiness Quotient?

As individuals increasingly turn to chatbots for advice, a recent webinar offered by AI at Wharton explored the growing role of AI in mental health and wellbeing. …Read More Source: Knowledge @ Wharton AI and Wellbeing: Can Chatbots Play a Role?

Wharton’s Matthew Bidwell shares tips on how to elevate employee engagement and maximize the talent of your workforce.…Read More Source: Knowledge @ Wharton Motivation Up, Attrition Down: Employee Engagement

Hoping for a soft landing in 2024 won’t help us eliminate current risks or raise business performance and living standards longer term. But we can do both of those things if companies pursue the three-sided productivity opportunity. Source: McKinsey 2024 and beyond: Will it be economic stagnation or the advent of productivity-driven abundance?

More than half of employees say they’re disengaged at work—with implications for both morale and value creation. Do any of these behaviors seem familiar? Source: McKinsey Workers to organizations: We’re just not that into you