Lenny Mendonca is a Director in the San Francisco office of McKinsey & Company, a global management consulting firm, where he leads the firm’s knowledge development efforts. Lenny is on the Shareholders' Council of McKinsey and oversees the McKinsey Global Institute and the firm's communications, which includes the McKinsey Quarterly.
Lenny has helped dozens of corporate, government, and nonprofit clients solve their most difficult management challenges. He has written and spoken extensively on globalization, corporate social responsibility, economic development, regulation, education, energy policy, health care, financial services, and corporate strategy.
Lenny is the Chairman Emeritus of the Bay Area Council and is Chairman of the Economic Institute of the Bay Area. He also serves on the board of The New America Foundation, Common Cause, the Bay Area Science and Innovation Consortium, and is a Trustee for the Committee for Economic Development. He serves on the board of ChildrenNow and The California Business for Educational Excellence Foundation. He received his MBA and certificate in public management from the Stanford Graduate School of Business. He holds an AB, magna cum laude, in economics from Harvard College.
Lenny lives on the Half Moon Bay coast, south of San Francisco, with his wife and two daughters, where he is the founder and owner of the Half Moon Bay Brewing Company.
We have all been witness to the tremendous contributions that business and markets have made in creating wealth over the last few decades, raising the standard of living for millions. This can be seen in the development of medicines, enhanced food production techniques, broad proliferation of communication technologies, and a host of other life-affirming advances. Yet, in the face of these accomplishments and a dramatic economic downturn, we are also keenly aware of inequities and promises that remain unmet.
In the wake of the financial crisis we are now confronted with evidence that confidence in business and markets has been profoundly shaken. This is seen in the tremendous destruction of wealth, a surge in government and regulatory activities, and heightened social and environmental challenges that are now in stark relief from Columbus to Copenhagen. Add to these developments those trends have been gaining momentum well before crisis—a growing talent shortage, the rise of Asia, climate change, demographic shifts, and others that I and my colleagues at the McKinsey Global Institute have been studying and you have the makings of a perfect storm.
This storm is the coming together of many events, and portends...