Sears' Seven Decades of Self-Destruction

Sears’ bankruptcy filing last year sparked torrents of criticism for its current leaders. But the problems that brought down this former Fortune 500 stalwart date way back to the Eisenhower era. Here’s what leaders can learn from an icon’s slow-motion collapse. Sears’ Seven Decades of Self-Destruction

 

After a long winning streak, Netflix’s vulnerabilities are becoming clearer

At just under 150 million subscribers, Netflix is the biggest subscription service on the planet. But even the Death Star had vulnerabilities. Later this year, Disney and WarnerMedia, hellbent on building their own direct-to-consumer video businesses, are expected to launch rival streaming services. Apple is introducing its own streaming offering, while Amazon and Hulu look to continue growing their own streaming services. Meanwhile, Netflix’s costs continue to escalate as the […]

 

 

Globalization, robots, and universal basic income: Jason Furman on the future of work

President Obama’s top economic adviser explains which policies could help workers succeed in an era of globalization and automation. As globalization and automation dramatically change the way we work, what policies could best alleviate the transition? McKinsey spoke with Jason Furman, professor of the practice of economic policy at the John F. Kennedy School of Government at Harvard University and former chairman of President Obama’s Council of Economic Advisers, about […]

 

How Netflix Expanded to 190 Countries in 7 Years

Netflix’s global growth is a big factor in the company’s success. By 2017 it was operating in over 190 countries, and today close to 73 million of its some 130 million subscribers are outside the U.S. In the second quarter of 2018, its international streaming revenues exceeded domestic streaming revenues for the first time. This is a remarkable achievement for a company that was only in the U.S. before 2010, […]

 

The Art of Larry Gagosian’s Empire

The famously bullish art dealer built an empire spanning 16 locations around the globe by never saying no to his artists’ ambitions. With an estimated $1 billion in annual sales, does Larry Gagosian have anything to conquer? The Art of Larry Gagosian’s Empire  

 

Beyond the Holacracy Hype

It was a Thursday afternoon in Las Vegas. Five employees were camped out in a team room at Zappos, the largest company so far to implement holacracy—a form of self-management that confers decision power on fluid teams, or “circles,” and roles rather than individuals. On this particular day, in May 2015, the circle charged with overseeing holacracy’s adoption was questioning the method’s effectiveness. Beyond the Holacracy Hype  

 

 

 

7 Steps to Bring Values to the Center of Your Organization

Are the values of your organization living, breathing principles that all company leaders and employees uphold? Or are they just words on a piece of paper? Your organization’s values – when consistently put into action – define the culture. When all members of the organization live the core values, the organization projects a brand of integrity to employees and the outside world 7 Steps to Bring Values to the Center […]