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4IR Capability Building
Article

4IR Capability Building

Opportunities and Solutions for Lasting Impact

McKinsey, 2021


Editorial Rating

8

Qualities

  • Applicable
  • Well Structured
  • Overview

Recommendation

The Fourth Industrial Revolution makes it imperative for companies to upskill and reskill their workforce. Capability building – teaching the skills to undertake new tasks – can’t be accomplished in a one-off training initiative, however. It touches on every aspect of working, including how to lead through transformation, uncertainty and change. This McKinsey report outlines four best practices companies can employ to initiate and sustain successful capability building. The authors’ conclusions are useful for leaders working on a comprehensive learning strategy in the midst of a digital transformation.

Take-Aways

  • The Fourth Industrial Revolution (4IR) requires organizations to adopt a holistic program of capability building.
  • Companies undergoing transformation face four key challenges.
  • Successful capacity building follows a four-step process.

About the Authors

Wim Gysegom and Roberto Migliorini work as partners in McKinsey’s London office, Sven Houthuys and Dado Misljencevic serve as associate partners in the Amsterdam office, Sid Khanna is associate partner in the Southern California office, and Mikael Robertson works as a senior partner in the Stockholm office.


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