McKinsey & Company launches Talent Wins

Dominic Barton, global managing partner emeritus of McKinsey & Company

Talent Wins is the result of hundreds of conversations with business and government leaders from around the world who believe the competitive advantage for organisations will lie in how they recruit, develop, and deploy talent.

“Leaders at talent-driven companies are as focused on their people as they are on strategy and finance. They make talent considerations an integral part of every major strategic decision and ensure that their own focus on talent is woven into the fabric of the entire company,” said Barton.

In Vietnam, Barton discussed his perspectives on the country’s dynamic market – one that will enable local organisations and their workforce to become more fluid in adapting to the agile and technologically-driven environment of the 21^st century.

“Companies in Vietnam must realise that managing talent is incremental. Alignment at the top; continuous effort to develop talent; a commitment to link talent and strategy; creation of an agile corporate structure – all these, when built one upon the other, will trigger a multiplier effect that can exponentially increase value to the organisation and the economy,” said Barton.

At an exclusive gathering today with senior leaders from the country’s leading companies, Barton, who has spent decades helping top business leaders define and execute their strategies, discussed trends in Vietnam’s digital transformation and the need for companies to focus on talent to remain competitive.

“Rapid advances in digital technologies will change the nature of our work – people will need to perform activities that are complementary to the work that machines do. This will have to go hand-in-hand with a concerted reskilling effort which McKinsey’s research has found could affect up to 4.4 million people in Vietnam by 2030. Businesses and governments alike will need to rise to the challenge and take advantage of the opportunities, prioritising embedding new digital skills to support a workforce transition of this scale,” said Barton.

McKinsey & Company is a global management consulting firm deeply committed to helping institutions in the private, public, and social sectors achieve lasting success. For over eight decades, the firm’s primary objective has been to serve as clients' most trusted external advisor. With consultants in more than 100 offices in 60 countries, across industries and functions, the company brings unparalleled expertise to clients anywhere in the world. McKinsey & Company work closely with teams at all levels of an organisation to shape winning strategies, mobilise for change, build capabilities, and drive successful execution.