SETTING THE CONTEXT: WHAT’S POSSIBLE, WHAT MATTERS, WHAT’S AHEAD
Three Things That Change Everything
Elizabeth Stephenson, Partner, McKinsey Global Institute
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Elizabeth Stephenson is a Principal in McKinsey & Company's Strategy Practice, where she serves clients on long-term strategy and strategic growth topics. She co-founded and now helps lead McKinsey's Global Forces service-line, McKinsey's center focused on emerging future trends and scenarios. In this role, she has worked with a wide range of corporate and institutional clients, helping evaluate how the shifting global economic, social, and technological landscape is likely to affect both the opportunities and risks those clients are likely to face in the future.
McKinsey and Company partner Elizabeth Stephenson warns that institutions such as the internet and the financial system have become more complicated, thus making them more precarious. "More than two decades of 'Great Moderation' have motivated a set of structural shifts that have increased system complexity -- and also dramatically increased our exposure to risk and volatility," she says.