McKinsey finds a small number of firms contribute the majority of productivity growth in a country. Their findings suggest analysts focus on the power of the few more than the broad swath, on value creation more than efficiency, and on reallocation of resources to leading businesses.
The power of one: How standout firms grow national productivity
McKinsey & Company
Research
94 Pages
Key Takeaways
Few firms lead productivity: Roughly 5% of companies generated nearly 80% of productivity growth in advanced economies.
Bold moves matter: Transformational strategies—not small tweaks—fuel standout productivity gains.
U.S. benefits from dynamism: Higher ratio of standout firms vs. stragglers gives the U.S. a productivity edge.
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