Discover the hidden potential of midsize companies

While they may not grab the spotlight like their larger counterparts, midcap companies are the unsung heroes of the business world. With their revenue ranging from $200 million to $2 billion, these midsize firms are the backbone of many economies, employing over 40 percent of the global workforce and contributing significantly to GDP. In emerging markets, they are even more crucial, driving up to half of the national GDP and fueling economic growth.

To unlock the full power of midcap companies, here are six essential strategies:

  1. Set ambitious goals to inspire your team
  2. Invest in talent proactively
  3. Foster a sense of ownership among leaders
  4. Prioritize initiatives rigorously
  5. Make decisions based on data and facts
  6. Use analytics and AI to outpace larger competitors

Source: McKinsey & Company