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Bookmark or Share- Reinventing the global corporate center - McKinsey & Companytheir corporate center should take three steps: redefine the mandates of headquarters, centers of excellence, and shared services; reassess where headquarters ought to be; and radically redefine the staffing of headquarters, shrinking the numbers and improving the skills. Step 1: Redefine the mandates of headquarters,
- The future corporate center: Functional efficiency runs in the familythe corporate center is an indicator for overall efficiency in the general and administrative (G&A) functions. Accordingly, transformational work in the corporate center can serve as a beacon for the entire company. In addition, we now have evidence that efficiency in one functional area of the corporate center implies efficiency in other ...
- The power of an independent corporate center | McKinseyThe corporate center is the logical owner of a company’s resource allocation process. Even many centers that now lack the structure, organization, or capabilities to play this role fully can materially boost their effectiveness with a few modest changes.
- Why corporate-center efficiency matters - McKinsey & CompanyCorporate-center leanness—defined by the share of resources in the corporate center compared to the entire company—proved to be a strong predictor of company-wide G&A efficiency. About 65 percent of the time, the leanest quartile of corporate centers, regardless of archetype, belonged to the firms with
- How the corporate center can evolve for the future of G&A functions ...Corporate centers will need to decide now how to support their organizations in preparation for the future G&A trends—rethinking their purpose, considering how to set the organization up for success, and deciding what actions to take.
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