Fortune favors the bold

The sheer number of ongoing global shocks—inflation, a pandemic, the invasion of Ukraine—has many organizations hunkering down and awaiting an end to the present volatility. Others, though, see a chance to act quickly and decisively, before others have committed to making moves. McKinsey global managing partner Bob Sternfels and coauthors share how the variance between leaders and also-rans is reflected in recent averages in shareholder returns.

Shareholder return averages hide considerable variance within sectors.

To read the article, see “Strategic courage in an age of volatility,” August 29, 2022.