New data shows that operating model maturity is directly correlated with strong business performance outcomes. Source: McKinsey The bottom-line benefit of the product operating model

Health systems may face a challenging year ahead, with increasing competition from nontraditional players, workforce shortages, and demands for new capabilities. However, these challenges also present opportunities for leaders to focus on resilience, find efficiencies, and take a multilever approach to growth. Source: McKinsey 2024 health systems outlook: A host of challenges ahead

Generative AI has the potential to widen the racial economic gap in the United States by $43 billion each year. But deployed thoughtfully, it could actually remove barriers to Black economic mobility. Source: McKinsey The impact of generative AI on Black communities

Kara Hurst, Chief Sustainability Officer at Amazon, talks about scaling Amazon’s sustainability initiatives, including increasing its focus on nature-based solutions to benefit communities. Source: McKinsey Amazon: On operating more sustainably for customers and communities

The US healthcare industry faces continued uncertainty in 2024, but healthcare leaders can seize opportunities for innovation and improvement. Building resilient and agile organizations will be crucial for success in this challenging environment. Source: McKinsey Healthcare’s next chapter: What’s ahead for the US healthcare industry

To sustain Europe’s future growth, energy transition, and quality of life, the region must become more innovative, more competitive, and invest in technology and artificial intelligence to do this. Source: McKinsey Creating a more competitive Europe: A call to action

Advanced-industries companies that enter adjacent markets with the right approach can outgrow and outperform their peers. Source: McKinsey How to reignite growth through adjacencies

As shifting customer preferences, innovative business models, and new entrants transform commercial vehicle sales, OEMs must change with the times. Source: McKinsey Roadwork ahead! Commercial vehicles face new go-to-market challenges

Anne Finucane, former vice chair of Bank of America and current chair of Rubicon Carbon, shares her take on how financial institutions are addressing climate change and where carbon credits fit in. Source: McKinsey Anne Finucane on carbon credits, nature, and the path to net zero

From CEO mindsets to employee development to decoding Gen Z, here’s a curated list of five big ideas that resonated with Five Fifty readers this year. Source: McKinsey High five: Scrolling through 2023