Tera is a senior fellow at the McKinsey Center for Government, working closely with the McKinsey Global Institute. She leads McKinsey’s research on government and business productivity, bringing together deep expertise and more than two decades of experience in economics, public policy, innovation, and leadership, as well as ten years of experience as a management consultant focusing on corporate and business-unit strategy.
Tera is a frequent author, panelist, and speaker on topics ranging from economic and innovation policy and industrial strategy to technology adoption and government performance transformations. She also serves as a trustee of the United Kingdom’s Productivity Leadership Group, a member of the National Institute of Economic and Social Research council of management, and a member of the ScaleUp Institute evidence committee. She was previously on the board of Innovate UK, the United Kingdom’s national innovation agency, and a member of the States of Jersey fiscal policy panel. In 2019, Tera was appointed Commander of the Order of the British Empire (CBE) for services to economic policy.
Published work
“Solving the United Kingdom’s productivity puzzle in a digital age,” McKinsey & Company, September 2018
“A smarter approach to cost reduction in the public sector,” McKinsey & Company, June 2018
Delivering for citizens: How to triple the success rate of government transformations, McKinsey & Company, May 2018
“Transforming a 150-year-old government agency: A CEO story,” McKinsey & Company, April 2018
“Improving outcomes with better government productivity,” McKinsey & Company, March 2018
“How smarter purchasing can improve public-sector performance,” McKinsey & Company, March 2018
“How governments can be more effective by reallocating their resources,” McKinsey & Company, March 2018
“Improving the effectiveness of tax collection: $30 in additional revenue for every $1 spent?,” McKinsey & Company, February 2018
“Accelerating the diffusion of technology-enabled business practices,” McKinsey Quarterly, February 2018
“Mitigating risk in IT megaprojects,” McKinsey & Company, January 2018
“How the public sector fits in the productivity puzzle,” McKinsey & Company, January 2018
How artificial intelligence can deliver real value to companies, McKinsey & Company, June 2017
“The opportunity in government productivity,” McKinsey & Company, April 2017
Past experience
UK Department for Business, Innovation and Skills; UK Government Economic Service
Director general; deputy head
UK Department for Transport
Chief economist; director, transport analysis and economics
UK Department of Energy & Climate Change
Chief energy economist
Bank of Finland
Financial analyst
Finnish Real Estate Bank
Consultant
Education
INSEAD
MBA
Aalto University (Helsinki University of Technology)
MSc, industrial economics