Personal Learnings← McKinsey  Library

McKinsey · Ideas & Institutions

The new arenas of competition

TIER 4   Fri, 1 Nov 2024 08:24:30 +0000

Emerging ideas for leaders ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   
  
|  | |  |  |  |  |  |   
---  
| **Share this email** |  |  |   
---|---|---|---  
  
| ************  
---  
  
|  |  |  |  |  Share this email on **LinkedIn**     
---  
|   
---  
|  |  Share this email on **X**     
---  
|   
---  
|  |  Share this email on **Facebook**     
---  
|   
---  
  
|  |  |  |   
---  
  
---  
  
|  | OUR BEST NEW IDEAS FOR THE C-SUITE  
  
---  
  
|  |   
---  
  
|  |   
---  
  
|  |  |  |  |  |  | Curated by Alex Panas, global leader of industries, & Axel Karlsson, global leader of functional practices and growth platforms  
---  
  
|  |  | Welcome to the latest edition of the _CEO Shortlist_ , a biweekly newsletter of our best ideas for the C-suite. This week, we feature our latest research on leadership and the emerging industries that will define dynamic growth in the coming years. We appreciate the opportunity to connect and hope you find our perspectives novel and insightful. Please let us know what you think! You can reach us at Alex_Panas@McKinsey.com and Axel_Karlsson@McKinsey.com. Thank you.  
  
---  
  
|  | —Alex and Axel  
  
---  
  
|  |   
---  
  
|  |   
---  
  
|  |   
---  
  
|  |  | **Ten years ago,** CEOs and top teams typically focused on four or five critical issues at any one point in time. Today, it’s eight or ten. In this fragmented landscape, leading a global organization takes a new kind of focus. Our latest research highlights two important ways CEOs can level up. First, recognize that the personal attributes and best practices of leadership are distinctly different from what they used to be. Second, build a deep bench of talented leaders, using new leadership development approaches to shape, develop, and mentor the next generation of managers.   
  
---  
  
|  |   
---  
  
|  | **Certain industries create more value** and have a greater impact than others. We call these outperforming industries _arenas of competition_. A new report from the McKinsey Global Institute identifies 18 future arenas that could reshape the global economy between now and 2040, including AI software and services, future air mobility, drugs for obesity, and robotics. All told, they could generate up to $6 trillion in profits. These fast-growth industries are also defined by high dynamism, meaning market share within them changes hands to an outsize degree. This spells opportunity for modern, focused leadership teams.  
  
---  
  
|  | We hope you find these ideas inspiring and helpful. See you next time with more McKinsey ideas for the CEO and others in the C-suite.  
  
---  
  
|  |  |   
---  
  
|  |  |  |  |   
---  
| **Follow our thinking** |  |  |  |   
---|---|---  
  
|  |  |  |  | **McKinsey Insights** \- Get our latest thinking on your iPhone, iPad, or Android.  
---  
|  |  |   |   
---|---|---  
  
|  |  |   
---  
  
|  | **Share these insights  
**  
---  
  
|  | **Did you enjoy this newsletter?**  Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here.  
---  
  
|  |  |  | This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy.  
---  
|  | You received this email because you subscribed to The CEO Shortlist newsletter.  
---  
|  | Manage subscriptions | Unsubscribe  
---  
|  | Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007  
---