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 | Monthly Highlights, July 2022 | As humans, we each have a unique living, breathing set of capabilities. We also have an innate set of fears: in the workplace, this can translate to fear of criticism, fear of uncertainty, and fear of harming one’s career. Organizations that prioritize and strengthen employee development not only enable their workers to realize their full career potential but also foster an organizational culture of innovation. This month, our featured stories look at how work experience contributes to almost half of the value of human capital—that is, the collective knowledge, attributes, skills, experience, and health of the workforce—as well as why the culture and employee experience of innovation correlate highly with an organization’s overall success at innovating. Other highlights in this month’s issue include the following topics:- Silicon Valley’s Marc Andreessen on tech trends such as artificial intelligence, crypto, and Web3
- the emergence of the metaverse and its value creation potential
- the latest on inflation and an analysis of the world economy
- how public- and private-sector organizations can achieve resilience and be ready to withstand shocks
| | Editor’s choice |
| | |  | | Human capital represents two-thirds of wealth for the average individual—and work experience contributes almost half of that value. | | | | | | | Worries about failure, criticism, and career impact hold back many people from embracing innovation. Here's how to create a culture that accounts for the human side of innovation. | | | | In the first episode of the new The Quarterly Interview: Provocations to Ponder series, Silicon Valley's Marc Andreessen tackles tech trends like artificial intelligence, crypto, and Web3—and why incumbents still have a tough time competing with digital start-ups. Join the conversation | | | | | With its potential to generate up to $5 trillion in value by 2030, the metaverse is too big for companies to ignore. Enter the metaverse | | | | | Central banks move against inflation; US industry expands while China's economy contracts amid COVID-19 measures; supply challenges persist. Get updated | | | | | | Resilience should be seen as the ability to deal with adversity, withstand shocks, and continuously adapt and accelerate as disruptions and crises arise over time. Withstand shocks | | | | | The executive chairman of global technology services company Wipro wants to promote cultural change at the 77-year-old organization by institutionalizing five habits in the workplace. Transform the mindset | | | | | Revolutionary innovations, brilliant ideas, and climate imperatives will change everything—except the fundamentals of finance and economics. Take a step back | | | | | Last year marked a pivotal moment for McKinsey, which set a long-term aspiration to help shape and accelerate a new era of growth that is both sustainable and inclusive. Download the full report | | | | | Discover our latest interviews with authors of books on business and beyond. Smarten up | | | | | McKinsey senior colleagues share their formative early-career experiences to help you navigate yours. Watch the latest episode | | | | | | Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Play on | | | | | Basic trends and responses in bank risk can reveal the future of the risk function throughout big business. Read our 2016 classic “The future of bank risk management.” Rewind | | | | | Read a sample of our Leading Off newsletter, and sign up for it or any of our 40+ free email subscriptions. Subscribe | | | | | — Curated by Eleni Kostopoulos, a digital publishing manager in McKinsey’s New York office | McKinsey Insights - Get our latest
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