Productivity at the core: How COOs deliver strategy
Mckinsey and Company
JULY 17, 2025
percent in the decade between 2012 and 2022. Recent McKinsey research shows that prioritizing talent investment over labor cost cutting more than doubles the likelihood of achieving outsize gains in productivity and total shareholder returns  (Exhibit 3). percent annually between 1997 and 2002 to 1.6
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