A growing number of CEOs are turning to a Chief Transformation Officer (CTO) as a vital member of the executive team to lead a holistic transformation rather than relying exclusively on existing structures and roles. But what does a Chief Transformation Officer do, and how can they be successful? Read to find out: https://mck.co/3Rwzqjc #BusinessTransformation #ChiefTransformationOfficer #BusinessReinvention
McKinsey Transformation
Business Consulting and Services
Helping CEOs, Chief Transformation Officers, and senior leaders unlock the full potential of their organization
About us
McKinsey Transformation helps CEOs, Chief Transformation Officers (CTOs), and senior change leaders build a company for the future by designing and powering effective transformations for clients across all industries, sectors, and regions. We’ve developed a rock-solid method that improves performance, inspires talent, sets a new pace of working, and builds change that lasts.
- Website
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https://www.mckinsey.com/capabilities/transformation/our-insights
External link for McKinsey Transformation
- Industry
- Business Consulting and Services
- Company size
- 10,001+ employees
Updates
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TOMORROW: Leading companies are delivering outsized performance by simultaneously realizing growth ambitions and cost improvement. Join us on November 14 as Rebecca Doherty, Louisa Greco, and Sandra Sancier-Sultan discuss how transformation can also propel growth, including the healthy management practices that underpin profitable growth. If you'd like to request an invite: https://mck.co/3UMeIgk #Transformation #Growth #McKinsey #McKinseyWebcast
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"Communication is important, but it won't change the culture on its own. My view is you need to be very consistent—consistent expectations, consistent reinforcement. And use every opportunity possible for performance management." Rolls-Royce CEO Tufan Erginbilgic is taking a holistic approach to transformation, prioritizing sharp strategy execution and ensuring everyone understands their role in achieving shared goals. Read the full conversation: https://mck.co/4hCejXC #Transformation #BusinessReinvention #Strategy #CorporateCulture
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New-venture building is the top strategic move CEOs expect to make in the next 12 months, and an increasingly common way to boost growth in transformations. So what makes this such a transformative growth lever? More than 1,100 business leaders and C-suite executives gave their thoughts on why they’re prioritizing venture building for growth. Check out the findings in our fifth annual global survey: https://mck.co/4efWSt7 #NewVentureBuilding #LeapbyMcKinsey #Growth #GrowthStrategy
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TOMORROW: True enterprise transformation needs to move beyond episodic efficiency efforts or restructuring. Instead, it should aim to reprogram the organization’s very DNA. Join us for a discussion led by Kevin Carmody, Louisa Greco, and Rob Montgomery on how to achieve lasting transformation success by driving change across four pivotal workstreams. If you'd like to request an invite: https://lnkd.in/entRJbNm #Transformation #McKinsey #McKinseyWebcast
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"When I first took the job, many people, especially investors, said to me, 'Rolls-Royce has tried to restructure many times. How is this going to be different?' To me, this isn’t about restructuring. There’s a big difference between restructuring and transformation. Transformation, to my mind, is more ambitious. It’s taking the company from point A to point B, where getting to point B opens more potential for the company." - Tufan Erginbilgic, CEO at Rolls-Royce Read more about the iconic company's reinvention: https://lnkd.in/eD3jUe7K
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Thank you to all who joined us at the 2024 MT Forum! ✨
Back from two inspiring days in Middleburg, Virginia, where we hosted our annual Transformation Forum. We met with 80 business leaders from across sectors, each at different stages of transformation, to discuss the complexities and strategies essential for success. 4 important takeaways for us: 1) Step change in Holistic Impact: Financial outcomes are important but insufficient to deliver a true transformation. Disproportionate emphasis should be placed on customer outcomes, capabilities, organizational health, and ESG. 2) Greater focus on ’how, why and who’ rather than ’what’. Most institutions know what needs to be done or have a great plan but struggle with execution (’how’), bringing the organization along (’why’) and have the right transformation expertise (’who’) to deliver holistic impact. ’If you always do what you have always done, you always get what you always got’ (Henry Ford). 3) Linking Day-to-Day with Transformation: It's vital to establish an operating backbone that manages both transformation outcomes and daily business performance. 4) Mission Alignment: Linking transformation efforts to the organization's mission is critical. Effective communication of the 'why' motivates and aligns stakeholders, making overcommunication a strategic tool for success. Thank you to all attendees—your participation and engagement have left me feeling energized. And to my fellow McKinsey faculty for their fantastic insights and thoughtful preparation: Michael Bucy, Kevin Carmody, Chase Covington, Rachel Dixon, Michael Elliott, Greg Fern, Louisa Greco, Mark Hojnacki, Rajesh Krishnan, Mary Lass Stewart, Robin Ligon, Megan McConnell, Rob Montgomery, Preeya Mody, Michel Morenville, Ryan Nguyen, Sebastiano Pellizzer, David Pralong, Carolina Quiroz, Radhika Ray, Sriram Sekar, Dominic Skerritt, Pietro Sorrentino, Maxence Vancauwenberghe, and Michelle Wycoff.
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Leading companies are delivering outsized performance by simultaneously realizing growth ambitions and cost improvement. Join us on November 14 as Louisa Greco and Sandra Sancier-Sultan discuss how transformation can also propel growth, including the healthy management practices that underpin profitable growth. If you'd like to request an invite: https://lnkd.in/eQYynZa2 #Transformation #Growth #McKinsey #McKinseyWebcast
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TOMORROW: Successful transformations require individuals to shift their behaviors in day-to-day work, breaking old habits and adopting more effective ways of working together. Join Rajesh Krishnan, Matthew Schrimper, and Tiffany Vogel as they share best practices and examples of how leaders can align, execute, and renew their organizations to realize transformative performance aspirations. Register your interest here: https://lnkd.in/em_sxypr #BusinessTransformation #ChangeManagement
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True enterprise transformation needs to move beyond episodic efficiency efforts or restructuring. Instead, it should aim to reprogram the organization’s very DNA. Join us on October 30 as Kevin Carmody, Louisa Greco, and Rob Montgomery discuss their article on how to achieve lasting transformation success by driving change across four pivotal workstreams. If you'd like to request an invite: https://lnkd.in/entRJbNm #Transformation #McKinsey #McKinseyWebcast
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