Wharton’s Benjamin Lockwood explains why state-run lotteries are so compelling to consumers, even when they know the odds are stacked against winning.…Read More Source: Knowledge @ Wharton Why Do People Play the Lottery?
Circle president Heath Tarbert discusses how stablecoins could potentially revolutionize global payment systems in this special series on the “Future of Finance.”…Read More Source: Knowledge @ Wharton Could Stablecoins and CBDCs Be the Future of Money? | Heath Tarbert
Amid great economic, political, and technological change, it can feel impossible to predict what might happen next. Nick Foster, a futurist and designer who has worked at Google X, Sony, and elsewhere, says that most of us struggle because we tend to fall into one pattern of thinking about the future. A better approach Read more about How to Bring More Rigor to Your Long-Term Thinking[…]
New market entrants have cut automotive time to market in half. Established players need to speed up, or they risk being left behind. Source: McKinsey Automotive product development: Accelerating to new horizons
Harvard University CIO Klara Jelinkova describes the “soft power” needed to make sure that IT is delivering value. Source: McKinsey The ‘octopus CIO’: Strategic technology leadership at Harvard
A new study by MIT and McKinsey finds that AI investments in operations are paying back faster than ever, but leading organizations are pulling away from the rest. Source: McKinsey Mind the gap: How operations leaders are pulling ahead using AI
While negotiating carve-out deals, buyers and sellers should consider the operational risk—and price it in the valuation. Source: McKinsey Operations: The alpha factor in private equity carve-out deals
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: Mickey Mouse Operation | No. 246[…]
US state departments of transportation are setting capital priorities against a backdrop where bankable plans—with the best returns on investment—are increasingly important for project funding. Source: McKinsey The case for a clear ROI framework for state transportation projects
Innovative risk transfer strategies can help banks optimize capital, unlock new revenue streams, and foster new partnerships with private investors. But the business also brings risks. Source: McKinsey Risk transfer: A growing strategic imperative for banks