Making the Leap: McKinsey's new business-building venture Leap launches globally

Leap by McKinsey works with organizations to build innovative new businesses from scratch. As a Senior Partner and Global Leader of Leap, Ari Libarikian…

| December 11, 2019

Leap by McKinsey works with organizations to build innovative new businesses from scratch. As a Senior Partner and Global Leader of Leap, Ari Libarikian helps some of the world's leading companies to find new value at the intersection of business, design, and technology. In his work co-leading Leap along with his colleague Ralf Dreischmeier, Libarikian helps organizations to develop holistic, well-structured approaches to business building, creating strong digital businesses by combining the experimental nature of start-ups with the operational excellence of corporations. He sat down with Consulting to discuss the recent global launch of Leap by McKinsey.

Consulting: How did Leap by McKinsey go from concept to reality?

Libarikian: McKinsey & Company has always focused on how to drive huge and significant impact for clients over time. I think in the last six or seven years that there's been a realization among our clients that building new businesses is required for long-term success. If you look at the largest companies in the world today and you compare it to the same list from 20 years ago, every company on the list today is either a startup or a large incumbent that has regenerated or reinvented itself through business building. This element of reinventing yourself by building new things and scaling them is becoming a key ingredient to long-term success. We started noticing this as clients started asking us about how do they best execute on this new strategy. Do they build something new or do they focus on the core business? We actually started years ago as part of our digital transformation; we started to hire a variety of profiles—from designers to data scientists to engineers to market research specialists—all of these new skill sets that we felt we needed to bring together with our classic consultants to help clients start up and build a business. We've been doing this now for five or six years and it's been ramping up pretty rapidly, and we've recently pulled it together into this practice called Leap by McKinsey. I lead it along with my fellow senior partner Ralf Dreischmeier and our role is to bring the best of McKinsey to our clients to help them build businesses.  

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