As companies strive to create value from AI, generative AI, and other rapidly evolving technologies, enterprise tech officers will make fundamental shifts in the way they operate. Source: McKinsey A new dawn for the technology officer

The global beauty industry continued to grow in 2023, but the dynamics driving sector growth are shifting. A new analysis shows some emerging bright spots and how players can compete. Source: McKinsey The beauty boom and beyond: Can the industry maintain its growth?

Global capability centers (GCCs) are rapidly evolving beyond their traditional roles as execution centers, becoming increasingly important as enterprise innovation hubs. Source: McKinsey Innovation hubs: How GCCs are shaping the future of business

Nancy Lieberman joins the show to discuss the business of women’s sports and how we can harness the growth to lift other women up.…Read More Source: Knowledge @ Wharton Nancy Lieberman: Harnessing the Momentum of Women’s Sports to Propel Growth Across Business Sectors

Research co-authored by Wharton’s Amy Wang Huber introduces a new metric to measure the risk-bearing capacity of foreign exchange market intermediaries and the implications for asset prices.…Read More Source: Knowledge @ Wharton How Carry Trade Exposure Impacts Asset Price Movements

A new study weighs the positive and negative impacts of LLMs based on the exposure of tasks to the technology and their potential to be transformed by AI.…Read More Source: Knowledge @ Wharton How Large Language Models Could Impact Jobs

Wharton’s Zhenling Jiang breaks down the value of referred customers and the psychological motivation behind referrals.…Read More Source: Knowledge @ Wharton The Trick to Boosting Customer Referrals

Generative artificial intelligence is here to stay, and that means employees and managers need to think even more carefully about how to make the most effective use of it. Accenture’s H. James Wilson, global managing director of technology research and thought leadership, and Paul R. Daugherty, chief technology and innovation officer, argue that we Read more about The AI Skills You Should Be Building Now[…]

Government finance leaders can apply private sector best practices to rejuvenate government budgeting processes in an uncertain and dynamic operating environment. Source: McKinsey Deploying private sector best practices to government budgeting

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win. Source: McKinsey The Read more about The McKinsey Crossword: Look Both Ways | No. 197[…]