|More from: | McKinsey |||
The most important component of good management is ensuring “diversity of mind,” says the CEO of the world’s largest asset manager.
Since cofounding BlackRock in the late 1980s, Larry Fink has led the company to become the world’s largest asset manager, with more than $6 trillion assets under management and 13,000 employees globally. A background in risk management gives him a unique perspective on the risks and rewards related to talent.
“Firms fail when you have groupthink. You generally have groupthink
About | McKinsey |
McKinsey is a global management consulting firm that serves a broad mix of private, public and social sector institutions. We help our clients make significant and lasting improvements to their performance and realize their most important goals. With nearly a century of experience, we’ve built a firm uniquely equipped to this task.
Our work is founded on a rigorous understanding of every client’s institutional context, sector dynamics, and macroeconomic environment. For this reason, we invest more than $600 million of our firm’s resources annually in knowledge development, learning and capability building. We study markets, trends, and emerging best practices, in every industry and region, locally and globally. Our investment in knowledge also helps advance the practice of management. We publish our findings extensively, and we engage with leading thinkers on the most pressing issues facing our clients and society.