Michael Gill

Michael Gill

Michael Gill is a counsellor with global advisory firm Dragoman and was previously CEO of the Financial Review Group and chairman of AAP.

Alarms must be going off in the world’s financial districts, because it’s now clear that digital disruption is imminent. You can tell, because advice is flowing like the water over Victoria Falls. McKinsey has published the first of a three-part starter that says about 30 per cent of typical bank

Culture is frequently a topic of conversation when it comes to digital disruption. Often this has been an excuse for what we might call the My Lai principle: we must destroy the village in order to save it. Boards and CEOs reach readily for consultants. Consultants often come up with

You would think that a sharp rise in engagement from CEOs would correlate with greater certainty, focus and skin-in-the game behaviour around digital priorities. But it appears not. A new McKinsey piece on the management view of digital strategy suggests that the wheels are spinning, but not much rubber has

The enigmatic digital concerns of news publishers have emerged for financiers. They face the stress of deciding which of their established operations are sustainable in the market of digital consumers. They have to act to head off new competition. And they have to maintain profitability (and, incidentally, their bonuses). Unlike

I mentioned Alibaba recently to the chairman of a large company. He had not heard of it, and showed no interest when I explained what it does — until I mentioned that it might shortly establish a new record for IPO value. He was very excited, though the point I

If you were wondering what enormous strategic threat the Chinese administration is cooking up to unleash on the world, wonder no longer. It’s retail. Having mused previously in this space about the fertility of China’s virgin field of retail brands, we now have some interesting evidence. Guess who is China’s

We all know that the impact of digital transactions has been most profound in retail. And media. No doubt about it. Right? Wrong. The most profound impact is in manufacturing and wholesaling, which have far greater penetration than either retail or services. According to the US Census Bureau, manufacturing e-commerce

In an otherwise neat summary of the challenges in managing digital transition, McKinsey & Co. appears to miss a quite fundamental point. McKinsey assumes, as many do, that the primary forces are about marketing and that the choices are in a way linear. In fact, the heart of the challenge

New York Times

The leaking of a New York Times review of digital progress analysis is something of an eye-opener. Mostly because a solid commercial foundation is absent from what should be a critical communication. Given the early impact of digital media on what were once uncontestable media bastions — such as the

Anyone who has been there will know this, but the data in Alibaba’s IPO documentation seems to confirm that the commercial impact of online transactions might be profound in China. Despite the astonishing pace of change since Deng Xiao Ping first braved the potential of market-based economics, China has nothing