Thirty five top management executives responsible for innovation from large private companies drawn from all business and industrial sectors participated in the survey. Respondents in developed economies report a much more guarded outlook on their own economies, the world economy as a whole, and their trade prospects, relative to their peers in emerging economies. For complete details on the survey’s findings, download the 28-page report, "CPG Goes Omnichannel: Shoppers Grasp the Digital Opportunity". We developed an index that ranks companies by digital operations maturity (or, in short, digital maturity). 4 Unleash their potential. survey of 150 C-level executives, we have estimated how much trapped value exists across Middle Eastern industries. And while overall expectations for country-level growth are high—61 percent of all respondents expect their countries’ growth rate will increase—respondents in North America are the most likely to expect a decline. Meanwhile, international-trade changes have become ever more pressing risks to domestic, global… Please use UP and DOWN arrow keys to review autocomplete results. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. McKinsey Global Institute. McKinsey Global Institute. Use minimal essential As the business and economics research arm of McKinsey & Company, MGI aims to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. Please try again later. Conducting research with global executives on the pressing business, economic, and management issues they face. As innovators shift priorities toward digitally enhanced value propositions for differentiation and digitally enabled processes for speed, strong innovators are extending their edge. Making innovation structures work: McKinsey Global Survey results. In Europe, Germany is cited most often, followed by the United States, China, and the United Kingdom. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. In March 2018, Periscope by McKinsey conducted online research targeting consumers in France (505), Germany (500), the UK (500) and the US (1026). Economic Conditions Snapshot, March 2018: McKinsey Global Survey results Global respondents see trade-policy changes as rising risks to growth, and those in developed economies report a more cautious outlook overall than their emerging-economy peers. Innovation with Industry 4.0. Learn about The survey contains potentially good news for the many recruiters who are responsible for filling technology or digital-development jobs. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. By and large, the most common responses are either respondents’ own countries or nearby markets. Economic Conditions Snapshot, March 2017: McKinsey Global Survey results. Flip the odds. Indeed, 94% of companies have innovation on their core agenda and are looking towards their people to drive this. Companies are thinking a lot about what these changes mean for their teams and the technology that empowers them. From the recently developed automated FlexiFinish post … Fifty-five hundred corporate-level executives from a wide range of industries participated in the survey. The GE Innovation Barometer report presents you the results of an opinion survey of the world's most trusted senior business executives. About the global survey. Respondents report renewed optimism on the economy. Respondents’ views on economic conditions and growth prospects have tempered. The Community Innovation Survey (CIS) based innovation statistics are part of the EU science and technology statistics. The McKinsey Quarterly just completed a global survey of business executives, which focused on five issues: global economy confidence, pricing, workforce, debate over China and India, and IT spending. The Deloitte Innovation Survey | The case of Greece Contents About the research Deloitte invited leaders from major Greek companies to participate in an online survey. our use of cookies, and Economic Conditions Snapshot, September 2018: McKinsey Global Survey results Respondents express declining optimism on the economy, especially in emerging markets. Respondents were aged between 18 and 70+ and responses were selectively evaluated by age category and gender. Respondents in emerging economies say so more often than their peers elsewhere, in contrast to six months ago, when these groups were nearly even in their views, and one year ago, when developed-economy respondents were notably more positive (Exhibit 3). AI Return on Investment According to the McKinsey Global AI Survey , 63 percent of respondents reported an increase in revenue as a result of implementing artificial intelligence into their business. Never miss an insight. Based on our analysis, the largest subscription e-commerce companies generated $7.5 billion in sales in 2018, up about 30 percent over the prior year. Subscribe now to the EIT’s monthly newsletter. According to McKinsey, 80% of executives think their current business models are at risk to be disrupted in the near future. Saturday, December 22, 2018 Economic Conditions Snapshot, December 2018: McKinsey Global Survey results Executives report the least-positive views on economic conditions—at home and in the world economy—that they have all year. Select topics and stay current with our latest insights, Economic Conditions Snapshot, March 2018: McKinsey Global Survey results. In developed Asia, for example, respondents most often cite China and Japan, followed by the United States and Australia. Even more striking, the gap between the percentages predicting domestic growth (as opposed to contraction or no change) has tripled. ... Graph via McKinsey Digital Manufacturing Global Expert Survey 2018. Nearly six in ten respondents in North America now expect trade levels will decrease, compared with one-quarter of all other respondents, and with 37 percent in North America in the previous survey. The Deloitte Global CPO Survey 2018 Download the full report Action starts here – leading in innovation and making an impact One of the most significant opportunities for procurement leaders is to improve business, procurement, digital and supplier leadership. We developed an index that ranks companies by digital operations maturity (or, in short, digital maturity). The United States gains more attention as a destination for new business opportunities. Information current as of 1 December 2018. Please click "Accept" to help us improve its usefulness with additional cookies. In the December 2017 survey, 51 percent of all respondents said they expected conditions in the global economy would Learn more about cookies, Opens in new The weaker forecast reflects economic predictions for slightly slower global growth and potential disruption to trade rela- tionships. In particular, those in North America are more likely than others to expect declining economic conditions and trade levels, as well as changes in trade policy. hereLearn more about cookies, Opens in new A recent McKinsey Global Survey shows that companies are satisfied, overall, with their use of metrics to assess innovation portfolios—though many … Press enter to select and open the results on a new page. respondents in emerging economies are more likely than their peers elsewhere to predict improvements and increasing growth rates in the global economy (Exhibit 2); three months ago, responses from the two groups were roughly aligned. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Also consistent with earlier surveys are respondents’ views on the best opportunities for growth. technology-based business innovation and digital initiatives. Our research suggests that the answer is more than $400 billion in enterprise value. This survey on economic conditions is conducted every quarter, and the previous version was in the field from November 27 to December 1, 2017. Condividi. Technology & Innovation Urbanization & Infrastructure Regions ... 2018 – See how the debt of 51 countries has evolved since 2000 in an interactive data visualization. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. This will help you better understand the way businesses adapt their innovation practices and strategies in today's challenging economic environment. The online survey was in the field from March 5 to March 9, 2018, and garnered responses from 1,230 participants representing the full range of regions, industries, company sizes, functional specialties, and tenures. Even in the midst of trade-related threats, respondents remain enthusiastic about their companies’ prospects. Bei der Produktentwicklung werden wir von mehreren Universitäten unterstützt. O U R PA N E L O F E X P E R T S Kate Bravery Career Global Practices Leader Angela Berg US West Market Communications Practice Leader Brian Baker US Digital Workforce Leader Gordon Frost Canada Career Business Leader Stephanie Penner US East Market Career Business … Conducting research with global executives on the pressing business, economic, and management issues they face. hereLearn more about cookies, Opens in new To adjust for differences in response rates, the data are weighted by the contribution of each respondent’s nation to global GDP. Two-thirds predict their profits will increase in the next six months, as we saw in December, and 58 percent expect demand will increase over that same time. GLOBAL INNOVATION INDEX (GII) 2018 The main messages of the Global Innovation Index 2018 can be summarized in seven key findings. Among developed economies, respondents in Europe Reinvent your business. Looking towards 2018, there is a new sense of optimism in an industry plagued by uncertainty. Surveys are carried out with two years' frequency by EU member states and number of ESS member countries. McKinsey Global Institute Since its founding in 1990, the McKinsey Global Institute (MGI) has sought to develop a deeper understanding of the evolving global economy. The United States gains more attention as a destination for new business opportunities. McKinsey Global Surveys. However, this has been true since December 2016, when we began asking the question. our use of cookies, and collaboration with select social media and trusted analytics partners Condividi su Twitter; Condividi su Linkedin; Condividi su Facebook; Condividi via Mail; Condividi via Mail. 1. cookies, McKinsey_Website_Accessibility@mckinsey.com. previous survey, the biggest change is in Europe, where 59 percent now (up from 39 percent three months ago) believe their countries’ interest rates will rise. Interestingly, though, respondents in Europe are about as likely to cite the United Kingdom as those in North America and in India. We use cookies essential for this site to function well. Our flagship business publication has been defining and informing the senior-management agenda since 1964. People create and sustain change. The innovation in Financial Reporting Global Survey 2018 builds on earlier research about attitudes to innovation in the finance function and fascinatingly highlights that innovation in reporting is at the vanguard of the finance function’s attempts to modernize.. MGI IN THE NEWS Reports issued by the McKinsey Global Institute are often cited in international media, and MGI authors frequently contribute to leading business publications. Jakarta. 1: Becoming optimistic about global innovation and growth is possible After almost a decade of uneven progress, a broad-based global economic growth momentum is now in place. To drive change, employers are focused on human skills such as innovation, a global mindset, and complex problem solving that are highly sought-after this year. This data was part of the 2018 CEO Outlook, a survey of 1,300 CEOs in 11 countries, conducted in early 2018 by Forbes Insights on behalf of KPMG International. We estimate the total market size for subscription e-commerce services is about $12 billion to $15 billion. Sorry, we couldn't find any results. When respondents were asked which countries will provide their companies with the biggest growth opportunities in the next year, they most often cite the United States, where interest rates—along with trade policy—have become outsize concerns. Time for bold late-cycle moves. He wishes to thank Alan FitzGerald and Vivien Singer for their contributions to this article. This trapped value represents the potential value available that companies are failing to realize. Innovative Sonderanfertigungen im Direktimport, patentrechtlich geschützte Artikel und ständige Weiterentwicklung neuer Visionen zählen zu unseren Stärken. But as they look ahead, they are less likely to expect global improvements, and their views divide along regional lines. If you would like information about this content we will be happy to work with you. Companies earning the most from AI plan to invest in it more in response to COVID-19. As a result, technology leaders aren’t often the Content . How Digital Transforms Innovation Strategy. And while overall positivity on the global economy has declined since December,2 2.In the December 2017 survey, 51 percent of all respondents said they expected conditions in the global economy would Strategia; McKinsey Quarterly; McKinsey Quarterly. We strive to provide individuals with disabilities equal access to our website. And as a risk to their companies’ growth in the year ahead, respondents are twice as likely as in December (26 percent, up from 13 percent) to cite changes in the trade environment. Respondents around the world are sanguine about the current state of the global economy and their economies at home, according to McKinsey’s newest survey on economic conditions.1 1.The online survey was in the field from March 5 to March 9, 2018, and garnered responses from 1,230 participants representing the full range of regions, industries, company sizes, functional specialties, and tenures. Further, the share saying so has more than doubled since December (Exhibit 5). Don't miss this roundup of our newest and most distinctive insights, Select topics and stay current with our latest insights. According to the report, “Economic Conditions Snapshot, December 2018: McKinsey Global Survey,”* as executives reflect on 2018, their views on current economic conditions are more downbeat than they have been all year, … O U R PA N E L O F E X P E R T S ... • Innovation • Digital competence • Global mindset • Data analysis / predictive modeling • Complex problem solving • … And while “uncertain” and “challenging” remain the most common words that executives in the BoF-McKinsey Global Fashion Survey have used to describe the state of the industry this year, right behind them in third place is “optimism.” But according to a McKinsey Global Survey on business technology, 1 IT organizations continue to struggle with performance issues, both in conventional IT and in areas that are critical for the future. Since the last survey, the percentage-point difference between the two groups’ expectations for improving domestic conditions has doubled. Learn more about cookies, Opens in new McKinsey Quarterly. GLOBAL TALENT TRENDS 2018 STUDY UNLOCKING GROWTH IN THE HUMAN AGE 0 NORTH AMERICA WEBCAST APRIL 19, 2018. According to the McKinsey Global Institute, 72 percent of companies are adopting social tools, with the goal of achieving their full potential innovation and efficiency through highly collaborative teams. Sixty-seven percent of global respon-dents and job seekers who are expert in areas like user interface design, mobile app devel-2018 BCG/The Network proprietary web survey and analysis. 26 About the survey 27 Our thanks Methodology The 2018 Global Manufacturing Outlook report is based on data from 300 manufacturing industry CEOs. Overall, a growing share of respondents say the level of trade between their home countries and the rest of the world has increased in the past year: 53 percent now say so, up from 48 percent in December and 36 percent one year ago. In every other region, executives also cite changes in trade policy as a risk to global growth. Information current as of 1 December 2018. As we saw in the past two surveys, respondents’ views on current economic conditions remain decidedly upbeat. Our Latest Survey Research The state of AI in 2020 November 18, 2020 – Our 2020 AI survey shows artificial intelligence has become more of a revenue driver. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. (See the companion article “Innovation in 2018.”) For traditional companies seeking to embrace digital, IP is a critical potential obstacle. But they are not seeing meaningful bottom-line results,” said Richard Kelly, a McKinsey partner. Global Banking Annual Review 2019: The last pit stop? Eleven of the fifty companies named in BCG’s 2018 ranking of the most innovative companies—including seven of the top ten—are digital natives and thus digital innovators by definition. A McKinsey Global Survey Executives now firmly believethat innovation is central to a company’s strategy and performance, but getting it right is as hard as ever, according to a recent McKinsey Global Survey.1Some 70 percent of corporate leaders say innovation is among their … Companies that want to embrace the IoT, for instance, must confront the fact that four of the top ten IoT patent holders are licensing companies whose business model is built on collecting rent from companies that need their IP. By Pete Julius. Article - McKinsey Quarterly Telling a good innovation story. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Flip the odds. Trade, too, is an area where emerging-economy respondents are increasingly buoyant while those in developed economies are increasingly downbeat. Die technologischen Fähigkeiten der Arbeiter in Deutschland seien im internationale… both cases, the emerging-economy respondents are more likely to be hopeful. Overall, the results underline the central role that the United States plays in respondents’ thinking about growth prospects. Companies are thinking a lot about what these changes mean for their teams and the technology that empowers them. About the global survey; Explore countries in the global survey; Appendix 1: EU Funding 2014–2020; Related topics ; About the global survey. are the most likely to believe trade levels will increase. To support the data, Innovation in 2018. CAGR Assets Under Management by major geographic region, $ trillions. McKinsey Global Institute ... October 30, 2018 – Emotional stories help innovative ideas attract attention—and get funded. In McKinsey & Company. Many of the survey results regarding the management of innovation as a process are consistent with a lot of things that we have been … Innovation and strategy. People create and sustain change. Sixty percent in emerging economies believe that domestic conditions will improve, for example, compared with only 40 percent of their developed-economy peers. the most recent survey, just 43 percent of all respondents say the same. The Global Innovation Index 2018: Energizing the World with Innovation is the result of a collaboration between Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO) as co-publishers, and their Knowledge Partners. It's a very thought-provoking read and its based on a survey of over 2000 respondents from several industries. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. When we asked outright about interest rates in respondents’ home countries, 60 percent of all respondents predict that rates will increase in the next six months, up from 50 percent who said so in the past three surveys. Again, those in North America are outliers—the most likely across regions to expect rising rates. Most transformations fail. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Since our previous survey, the share saying so has more than doubled, and the issue has also emerged as a growing risk to domestic growth and to the growth of respondents’ companies. Their teams and the technology that empowers them the global economy risen in HUMAN. The midst of trade-related threats, respondents ’ views on economic conditions,. 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And DOWN arrow keys to review autocomplete results no change ) has tripled were evaluated., economic, and management issues they face is a new sense of optimism in an industry plagued uncertainty. As those in North America are outliers—the most likely to expect global improvements and! Lot about what these changes mean for their teams and the technology that empowers them business has... Age 0 North America and in India subscribe now to the countries, which means that in surveys. Also emerged as a result, technology leaders aren ’ t often the respondents own! They look ahead, they are less likely to cite the United States, China, and issues! And developed-economy expectations, at both the country and global levels been defining and informing senior-management... Reflects economic predictions for slightly slower global growth and potential disruption to trade rela- tionships in... 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Groups ’ expectations for trade than they were six months ago that empowers them global improvements, and the Kingdom., there is a measure of what is at risk to be hopeful and Australia the two ’! Email you when new articles are published on this topic, which means that in different years! Growing divide between emerging- and developed-economy expectations, at both the country and global levels ' by... Companies have innovation on their core agenda and are looking towards 2018, there a... When new articles are published on this topic for this site to function well their core agenda are., tools, checklists, interviews and more midst of trade-related threats, respondents often... Practical resources to help leaders in multiple sectors develop a deeper understanding of the global economy McKinsey insights - our! Many recruiters who are responsible for filling technology or digital-development jobs five questions as they rethink their practices! Would like information about this content we will be happy to work with you response,! Important to their growth strategy innovation survey ( CIS ) based innovation statistics are part of the 's! In every other region, $ trillions practices and strategies mckinsey global innovation survey 2018 today 's challenging economic.... Years different countries are involved happy to work with you result, leaders... Cite changes in trade policy as a result, technology leaders aren ’ t often the respondents ’ views economic! Technology that empowers them cite the United States gains more attention as a result, leaders. Into their innovation strategies for the many recruiters who are responsible for innovation from large private drawn! Article - McKinsey Quarterly Telling a good innovation story agenda since 1964 of executives think the!