Capability-building in the workforce
McKinsey & Company
This article discusses the importance of making ‘purposeful investments’ in people, arguing that providing robust upskilling opportunities for employees is essential if leaders wish to succeed in a fast-changing world.
Not only does it build a strategic advantage for companies, it also greatly improves employees’ wellbeing. Learning must be prioritised and thought of as a continuous process; doing so will help organisations stay adaptable in the face of rapid change, and ultimately provide valuable long-term returns on investment.
Latest executive moves
BoardEx provides a monthly rundown and analysis of CEO changes across major markets.
Moves this month include:
- UnitedHealth Group. David Wichmann unexpectedly announced his departure from the company and was replaced by Sir Andrew Witty, the former CEO of GlaxoSmithKline.
- Intel Corp. Outgoing CEO Bob Swan was replaced by VMWare CEO Pat Gelsinger.
- CVS Health. Karen Lynch became the newest female CEO of an S&P 500 company, bringing the total number up to 31.
How to navigate the top five AI trends in business
Although many businesses are increasing investment in AI, it can be difficult to achieve valuable ROI without the tools to leverage the technology appropriately. This report by PwC makes predictions about the key applications for AI in 2021 (see below) informed by a survey of more than 1,000 executives (including over 200 CEOs) at companies that are using AI.