Fwd: December 2007 Newsletter

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View on the Web: http://www.mckinseyquarterly.com/newsletters/2007_12.htm The McKinsey Quarterly Newsletter December 2007 | Member Edition Editors' Choice ECONOMIC STUDIES | The world's new financial power brokers Even if interest rates rise and oil prices fall, the petroleum-exporting countries, Asia's central banks, hedge funds, and private-equity firms will continue to grow in wealth and importance. Their impact on the capital markets disturbs some investors and policy makers, but " The world's new financial power brokers" argues that the benefits of liquidity, new ideas, and diversification outweigh the dangers.   This Month's Highlights GOVERNANCE | Crafting a message that sticks: An interview with Chip Heath The keys to effective communication—make it simple, make it concrete, make it surprising. STRATEGY | Assessing the impact of societal issues: A McKinsey Global Survey Business executives now worry more about global warming than even consumers do. ECONOMIC STUDIES | Serving aging baby boomers US baby boomers have rewritten the rules at every stage of their lives—and will rewrite the rules of retirement too. Businesses that help will be rewarded. [Audio included] (Premium) FINANCIAL SERVICES | Best practices for bad loans Companies that offer credit can reduce their write-offs significantly by applying the same marketing expertise they use in selling credit to collect from debtors. (Premium) RETAIL | How half the world shops: Apparel in Brazil, China, and India Although incomes are rising in all of these huge markets, multinational retailers face different challenges serving each of them. HEALTH CARE | Addressing Africa's health workforce crisis Addressing Africa's health workforce crisis is a formidable task. Yet McKinsey's experience in the region suggests ways to make headway. TRANSPORTATION | Upgrading India's energy and transportation networks: An interview with a leading infrastructure builder G. M. Rao, whose company is active in airports, power, and roads, says that infrastructure problems and a languishing rural economy threaten the country's growth rates. Also New MARKETING | Marketing with user-generated content ORGANIZATION | What shapes careers: A McKinsey Global Survey ECONOMIC STUDIES | Putting a roof over India: An interview with the country's biggest developer HEALTH CARE | A better hospital experience (Premium) FINANCIAL SERVICES | New frontiers in treasury management at banks HEALTH CARE | Building Japan's generic-drug market Recently Updated How companies approach innovation: A McKinsey Global Survey Originally released in October, this survey has now been updated with content from an in-depth discussion among participants. To see the new material, go directly to the "Respondents' discussion" section. (Premium) Chart Focus The earnings guidance fallacy Frequent earnings guidance doesn't raise market valuations; it apparently has no significant relationship with them—regardless of the year, industry, or size of a company. McKinsey Classics Articles of enduring interest The global transition " Getting to global" (November 1999) argues that while some companies learn to use intangible assets and mobile capital to address global markets, others will find that the physical-distribution networks, regulatory barriers, and privileged relationships that used to confer durable competitive advantages are now the shackles of geography. (Premium) New Articles in Audio Download these audio files after clicking through to the articles, or view our full list of articles in audio. How to improve strategic planning (Premium) Building the civilized workplace How to choose between growth and ROIC The 21st-century organization (Premium) Market fundamentals: 2000 versus 2007 (Premium)

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