Book Reviews, Economics

Three Business Books To Start Your Summer

June 15, 2017 – McKinsey consultants have always liked to write. In fact, our founder, James O. McKinsey, was not only a business professor and trusted adviser to CEOs but also a prolific author. His first book was Budgetary Control, a seminal work on financial management, published in 1922. Ninety years and over 100 published books later, we’re delighted to announce the publication of three new books by McKinsey authors.

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Three business books to begin summer with

Digital@Scale, by Anand Swaminathan and Jürgen Meffert, senior partners in Digital McKinsey

Value in the next phase of the digital era will go to those companies that don't just try digital but also scale it. Digital@Scale examines what it takes for companies to break through the gravitational pull of their legacy organizations and capture the full value of digital. Digging into more than fifty detailed case studies and years of McKinsey experience and data, the authors, along with a group of expert contributors, show how companies can move beyond incremental change to transform the business where the greatest value is generated—at its core. The authors provide practical insights into the three pillars of digital transformations that successfully scale: reinventing the business model, building out a business architecture from the customer back into the organization, and establishing an 'amoeba' IT and organizational foundation that learns and evolves. This is the ideal guide for all leaders who recognize the power and promise of a digital transformation.

Leading Organizations: Ten Timeless Truths, by Scott Keller and Mary Meaney, senior partners in our Organization Practice

The two authors, both consultants with McKinsey, took stock of the most common questions they are asked by their clients in the areas of human capital, organization design, transformational change, and merger management. Containing the latest thinking on the most effective answers to those questions, this book offers leaders and senior managers support of their efforts to harness the full potential of their organizations.

This new book offers an accessible and practical new framework for addressing some of the most common issues facing leaders and senior managers today. Leading Organizations is anchored in a series of essays or short chapters using graphics, bullet points, and examples to illustrate the key messages and ensure a highly visual exploration of organizational design and management.

The One Hour China Book (2017 edition), by Jonathan Woetzel, director of McKinsey Global Institute and senior partner in Shanghai, and Jeffrey Towson, managing partner of Towson Capital and professor at Peking University

"One hour with this book will make you an expert on business in China." - Dick Gephardt, Majority-Minority Leader, U.S. House of Representatives, 1989-2002

“This book simplifies China in a very elegant and smart way. These distinguished authors tell you clearly what you most need to know right now.” - James McGregor, author of One Billion Customers: Lessons from the Front Lines of Doing Business in China

"For most people, the intellectual return on time spent reading this book is almost unrivaled." - ValueWalk

This is the China book for everyone - whether an expert or novice. It can be read in an hour and gives you most of what you need to know about China business today - and its increasing impact on the rest of the world.

This "speed-read" book is the distilled knowledge of two Peking University business professors with over 30 years of experience on the ground in China and the emerging markets. According to authors Jeffrey Towson and Jonathan Woetzel, "if we had the undivided attention of someone from Ohio, Brighton or Lima for just one hour, this little book is what we would say."

Author Jonathan Woetzel is a senior partner of McKinsey & Company. He opened McKinsey's Shanghai location in 1995 and has been resident since then. He currently the global leader of its Cities Special Initiative and the Asia-based Director of the McKinsey Global Institute. He has led many of the Firm’s most significant projects in China including the first major international listing of a Chinese company and the development of the economic plans for the cities of Shanghai, Wuhan, Shenzhen, Xian and Harbin among others. He co-chairs the Urban China Initiative along with Tsinghua University and Columbia University to catalyze the next stage of China’s urbanization.

Author Jeffrey Towson is a private equity investor, professor and best-selling author. His area of expertise is developing economy investing and cross-border strategies – primarily US-China deals in healthcare and consumer products. He was previously Head of Direct Investments for Middle East North Africa and Asia Pacific for Prince Alwaleed, nicknamed by Time magazine the “Arabian Warren Buffett” and arguably the world’s first private global investor.