by Consultant's Mind | Consulting
Recently read The Firm: The Story of McKinsey, by Duff McDonald (affiliate link). Before I do a write up, please find a 16 min video by CNBC which highlights some of the strengths (reputation, history, alumni, 17,000 over-achiever consultants), and controversies...
by Consultant's Mind | Consulting
Good strategy is rare Richard Rumelt, UCLA professor, argues that good strategy is rare. He outlines the 4 common ways that companies often fool themselves into a bad strategy in a McKinsey Quarterly article here. Based on his book Good Strategy Bad Strategy: The...
by Consultant's Mind | Consulting
What do McKinsey presentations looks like? Please find links to 30+ McKinsey presentations which are publicly available online. Many of these are from conferences, or governmental / non-profit organizations clients who have chosen to make them available online. Yes,...
by Consultant's Mind | Consulting
McKinsey’s advice McKinsey, in a 2011 article entitled Have you Tested Your Strategy Lately here, makes the very valid point that executives and leaders too often treat strategy as a ” procedural exercise or set of frameworks”, rather than a way of...
by Consultant's Mind | Learning
The global asset management business is huge There are lots of billionaires and lots of people like you and me who have our wealth with pensions, 401K, and in stock/bond mutual funds. With the incredibly loose monetary policy (read: printing money), it is no surprise...
by Consultant's Mind | Learning
McKinsey & Co published a very authoritative 148 page study (404 error as of 01/23) arguing a fairly simple (perhaps obvious) fact; the number of people freelancing is larger than you might think (20%+) and growing quickly. For those who already do...
by Consultant's Mind | Consulting
What do McKinsey presentations looks like? Please find links to 20+ McKinsey presentations which are publicly available online. Many of these are from conferences, or governmental / non-profit organizations clients who have chosen to make them available online. Yes,...
by Consultant's Mind | Consulting
McKinsey & Company do great work. On this blog, I have written about their leader, culture, high-visibility assignments at the CIA, and Department of Corrections. Overall, have enormous respect for the work they do, and the way they have built their practice. So,...
by Consultant's Mind | Learning
McKinsey 120 page report on the digitization of America Some critics might argue the two main arguments are a bit obvious: 1) digitization drives productivity and 2) those gains are shared uneven across industries, companies, and people. It is a story of the digital...
by Consultant's Mind | Consulting
McKinsey & Company is a premiere management consulting firm with a long legacy of influential alumni, thought-provoking research, top-shelf billing rates, and legions of ivy-league smarties. They get called in to solve difficult problems – everything from...
by Consultant's Mind | Consulting
Routine work is going away It always has been. Technology as old as the wheel, letter typeset, and the cotton gin have freed people from mundane and repetitive tasks. The market has a wonderful way of arbitraging work (thank you Adam Smith) to the least expensive...
by Consultant's Mind | Consulting
For those interested in management consulting – Dominic Barton is a name you will recognize – the managing partner at McKinsey & Company. Basically the chief of the chief consulting firm. This interview with him is a 1,500 word read, but worth it...
by Consultant's Mind | Consulting
If there is any question that management consultants are hired to do difficult projects, look at this – McKinsey & Company will help the CIA reorganize and restructure here. Apparently, the plan is for the CIA to go from a functional structure (with separate...
by Consultant's Mind | Consulting
Design is popular. It’s not surprising that McKinsey & Company bought a design company. Many consulting firms are branching out with acquisitions in areas which were once considered non-core. Deloitte has picked up a few digital agencies. Accenture bought...
by Consultant's Mind | Consulting
UVA Darden is a strong business school known for its case study method. Like Harvard, UVA uses this method to teach everything from finance to ethics. Over the course of 2 years, the students have more than 600 cases. Yes, it’s rigorous. Darden is known for...
by Consultant's Mind | Consulting
I have never worked at McKinsey. Yet, I have 10+ credible reference points and 10,000 words of interview-worthy comments written by previous employees. Is this an ebook that you purchase for 99cents on Kindle? No. It’s on Quora, and it is free. What is it like...
by Consultant's Mind | Consulting
Management consulting is changing Don’t take my word for it. There is a recent a Harvard Business Review podcast interview with Clayton Christensen of the Innovator’s Dilemma fame (affiliate link) and Dominic Barton (global managing director of McKinsey)....
by Consultant's Mind | Consulting
With the recent publication of The Firm: The Story of McKinsey and Its Secret Influence on Business (affiliate link) by Duff McDonald, McKinsey has been in the news a lot. As a disclaimer, I have not read the book, but even the reviews have some juicy facts: CEO...
