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In this episode of The Committed Innovator, we talk with John McDonald, the founder and CEO of Mercer Street Hospitality, which owns Lure Fishbar in New York City and Chicago, among other restaurants and bars. McDonald spoke with McKinsey Senior Partner and innovation leader Erik Roth about maintaining success and equilibrium in the notoriously difficult hospitality industry.
Related insights:
What’s on the menu? Revenue growth techniques for restaurants
Cooking up extraordinary growth for restaurants during a downturn
Taking fear out of innovation
How to take the measure of innovation
Fielding high-performing innovation teams
Explore our collection of Committed Innovator episode transcripts on McKinsey.com: Strategic Growth & Innovation
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McKinsey innovation leader Erik Roth speaks with Jelena Joffe Weil, the founder and worldwide leader of the Venture Innovation program at AWS, Amazon’s cloud computing arm, about how AWS works to close the gap between innovation and go to market for start-ups and large enterprises. The global hyperscaler is known for helping businesses grow and scale rapidly, but it also helps start-ups and established enterprises find each other to engage in open, or collaborative, innovation.
Related insights:
Driving innovation with generative AI
Taking fear out of innovation
How to take the measure of innovation
Fielding high-performing innovation teams
Explore our collection of Committed Innovator episode transcripts on McKinsey.com: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/inside-the-strategy-room-podcast/strategic-growth-and-innovation
Discover our latest insights and join more than 92,000 influential professionals who are part of our LinkedIn community: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance
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In this episodeâŻofâŻThe Committed Innovator,âŻMcKinsey innovation leader Erik Roth speaks with the founder, president, and medical director of the Child Mind Institute in New York City, Dr. Harold Koplewicz. At a time of increasing concerns globally about child and adolescent mental health, the institute is working to use advanced imaging technologies and AI to help revolutionize diagnosis and treatment of psychiatric illness, and psychological and learning disorders.
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McKinsey innovation leader Erik Roth speaks with Shiprocket cofounder and CEO Saahil Goel about how he built his e-commerce logistics company into a highly successful platform that is helping launch new entrepreneurs all over India.
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Rapid technological innovation heightens opportunity for investors. Serial entrepreneur and investor Wes Nichols shares the factors he looks for in but choosing the right start-ups and entrepreneurs to back. Nichols is best known for starting MarketShare, the marketing resource allocation software solution. Today he is a partner at March Capital, the growth-stage venture capital firm that focuses on enterprise technology companies.
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Innovation in online gaming requires keeping up with a broad mix of changes, including digital advances, audience desires, and artistic trends. In this episode of The Committed Innovator podcast, McKinsey innovation expert Erik Roth talks with Mihir Vaidya, the chief strategy officer of Electronic Arts, about these unique aspects of innovating in the gaming industry.
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Innovation in a not-for-profit context involves measuring success in terms of returns on mission, rather than returns to shareholders. In this episode of The Committed Innovator podcast, McKinsey innovation expert Erik Roth talks with Sajit Joseph, the chief innovation officer of the American Red Cross, about how the 142-year-old institution began and carries out its innovation journey.
Explore other episodes of The Committed Innovator: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/inside-the-strategy-room-podcast/innovationSee www.mckinsey.com/privacy-policy for privacy information
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In this episode of The Committed Innovator, Major League Baseballâs Chief Operating and Strategy Officer Chris Marinak speaks with McKinsey innovation leader Erik Roth about how the league is using fan feedback, experimentation, and data to change a game steeped in tradition and culture to reach the next generation of fans. This season, MLB implemented rules changes that fundamentally altered the pace and action of the game and continues to embrace innovation and technology to improve the game and the overall fan experience.
https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/inside-the-strategy-room-podcast/innovation
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The e-commerce platformâs president, Harley Finkelstein, talks about the changing online retailing landscape.
Even e-commerce platforms that help disrupt retail need to keep innovating. In this episode of The Committed Innovator podcast, McKinsey innovation expert Erik Roth talks with Shopify president Harley Finkelstein about how his company keeps the creativity flowing.See www.mckinsey.com/privacy-policy for privacy information
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PepsiCo design chief Mauro Porcini talks about the role of humanity and authenticity in driving innovation.
Innovation requires commitment. In this episode of The Committed Innovator podcast, McKinsey innovation expert Erik Roth talks with PepsiCo senior vice president and chief design officer Mauro Porcini about how design thinking can help create that commitment and free people to innovate.
Mauro's recently published book, The Human Side of Innovation: The Power of People in Love with People describes the power of design to drive sustainable and inclusive growth by unleashing peopleâs natural innovative tendencies.See www.mckinsey.com/privacy-policy for privacy information
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Successful innovators tend to follow certain practices. In this episode of The Committed Innovator podcast, McKinsey innovation expert Erik Roth talks with our global Strategy & Corporate Finance Practice communications director, Sean Brown, about the building blocks of innovation and how they help drive sustainable and inclusive growth.
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Corporate innovators often turn to Israel and its vibrant start-up ecosystem to meet their goals. In this episode of The Committed Innovator podcast, we continue our series on Israel, talking with innovators from three large organizations about how they approach their relations with start-ups. Roi Bar-Kat is head of Intel Capital in Israel, Neta-Li Meiri is chief of global tech innovation for the Israeli food company Strauss Group, and David Schwartz is vice president of tech innovation for PepsiCo Labs. They spoke with innovation leader and McKinsey senior partner Erik Roth about the intersection of corporate innovation and start-up lead innovation, and how the two functions can support each other.
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Israelâs start-up ecosystem is already a powerhouseâhow can the country continue to scale it up? This episode of The Committed Innovator podcast is the second in a series on Israelâs vibrant start-up scene, and a continuation of McKinsey innovation leader Erik Rothâs conversation with Avi Hasson and Chemi Peres. Hasson leads a not-for-profit, Startup Nation Central, that promotes Israelâs start-up sector, while Peres leads a venture capital firm, Pitango, and a not-for-profit, The Peres Center for Peace and Innovation, that promotes peace and innovation which was started by Chemiâs father, Shimon Peres, the former prime minister of Israel.
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Two leaders of the worldâs third-largest start-up ecosystem discuss how the tiny Middle Eastern country grows and supports a culture of innovation
Despite its small domestic market, Israel has managed to build a vibrant start-up scene that competes with those of much larger countries. In this episode of The Committed Innovator podcast, two leaders of Israelâs innovation culture, Avi Hasson and Chemi Peres, talk with McKinseyâs innovation leader Erik Roth in this first in a series of episodes on innovation in Israel. Hasson leads a not-for-profit, Startup Nation Central, that promotes Israelâs start-up sector, while Peres leads a venture capital firm, Pitango, and a not-for-profit, The Peres Center for Peace and Innovation, that promotes peace and innovation which was started by Chemiâs father, Shimon Peres, the former prime minister of Israel.See www.mckinsey.com/privacy-policy for privacy information
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Listen to the podcast (duration: 26:47) > Singapore-based DBS Bank is known for having transformed itself from a local bank to a global leader and winner of multiple âbest bankâ titles. The bank has continued its evolution by focusing on digital transformation and building new digital products. DBSâs group head of strategy and planning is Han Kwee Juan. In this episode of the Committed Innovator podcast, Kwee Juan talks with McKinseyâs innovation leader Erik Roth about building a company culture that enables and promotes innovation.See www.mckinsey.com/privacy-policy for privacy information
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Listen to the podcast (duration: 27:13) > Pradyumna Agrawal is managing director for blockchain and venture building at Temasek, and as such is very active in searching out new use cases for blockchain and forming partnerships that can help bring products for this to market. InâŻthis episodeâŻof the Committed Innovator podcast, Prady talks with McKinseyâs innovation leader Erik Roth about how he approaches his work bringing blockchain-based companies to market.See www.mckinsey.com/privacy-policy for privacy information
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Listen to the podcast (duration: 30:33) > Disruptive food start-ups have increasingly grabbed headlines and the attention of large consumer packaged goods (CPG) companies. The plant-based keto snack company Keho is continuing this trend by offering its savory âreal foodâ bites to a health-conscious market that includes athletes at one end of a spectrum, and people looking to resolve health problems with diet change on the other. Keho founder and McKinsey adviser Tekla Back has long been a food and keto enthusiast, and started the company after leaving her role at PepsiCo as senior vice president for corporate strategy, where she helped lead the companyâs transition to healthier products.See www.mckinsey.com/privacy-policy for privacy information
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Listen to the podcast (duration: 49:49) > Companies looking to bring breakthrough innovations to life need the right organizational structures and incentives in place. In his book Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries (St. Martinâs Press, March 2019), Safi Bahcall, a former biotech CEO who now helps organizations innovate, explains what that requires. In this episode, he talks with Erik Roth, leader of McKinseyâs innovation work globally, about why some great ideas changed the world and others failed to take off.See www.mckinsey.com/privacy-policy for privacy information
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Listen to the podcast (duration: 30:02) > The COVID-19 pandemic forced the National Basketball Association (NBA) to develop new ways to engage with fans. Amy Brooks is the NBAâs first chief innovation officer. She oversees innovation initiatives across four leaguesâthe NBA, the Womenâs National Basketball Association (WNBA), the NBA G League (minor league), and the esports NBA 2K Leagueâand has used the difficulties of the pandemic as an opportunity to experiment. In this episode of our Committed Innovator series, she shares with McKinseyâs innovation leader Erik Roth her organizationâs numerous new projects that have spurred growth despite unprecedented constraints around live games.See www.mckinsey.com/privacy-policy for privacy information
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Listen to the podcast (duration: 33:21) > As the global leader of GS Accelerate, Goldman Sachsâ internal incubator that identifies, invests in, and develops new businesses, Tanya Baker has been instrumental in helping the financial services giant establish sustainable innovation capabilities. In this episode of the Committed Innovator series, Baker shares her experience evolving the program and fostering entrepreneurial ventures within the firm. Tanya spoke with Erik Roth, who leads McKinseyâs innovation work globally.See www.mckinsey.com/privacy-policy for privacy information
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