Inefficient business processes are more than just a time drag. They can put a strain on a company’s profitability, hamper its ability to meet consumer demand and make it harder for employees to do their jobs. Without proper management, small issues that go undetected can mushroom into real p...
As you write your business plan, think of it as a flexible road map built to adjust to your business journey. That doesn't mean you should only do surface-level research, however. Another common mistake many entrepreneurs make is doing minimal research before writing their business plan. "Yo...
While 7 percent may seem like a small number, even at a medium-size organization that can mean hundreds of employees.Learn more about McKinsey’s Transformation Practice.How do transformation leaders achieve their goals?The most successful transformations turn ideas into detailed business plans with ...
A business plan can span a dozen or more pages because it presents the big picture, as complete as possible, to reassure others to invest in you. Investment can mean a few different things – usually financial, but also as partners or employees. The sections that can take a lot of rese...
Small Business Back Small Business Find more customers, win their business, and keep them happy with tools that help you work smarter, not harder.Explore small business solutions Starter Suite Pro Suite Marketing Sales Service Commerce Productivity with Slack Small Business Pricing Data Back Data Brin...
The AI writing assistant for anyone with work to do Get Grammarly What is a gerund, and what is its function? A gerund (pronounced JER-und) is a verb that ends in -ing and acts as a noun. By that, we mean that a verb—the word that describes the action happening, like biking,...
Yes, there were loans back then, and yes, interest was charged on them. Rates varied depending on whether you were borrowing grain or silver. Cowrie shells were used as a form of money in China by 1200 BCE. Coinage was introduced in the first millennium BCE. King Croesus of Lydia, which...
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19 crisis that sets them up for ongoing success. During a McKinsey Live webinar, senior partners Hortense de la Boutetière and Martin Hirt explained the current global economic conditions, the trends emerging from the crisis, and what they mean for ...
Don’t just learn about the companies and accounts you’re pursuing. Learn about the people within them, and make sure your marketing speaks to them. Yes, business decisions tend to be more rational and logical in nature, but that doesn’t mean your content and tone should be rob...