2. 1. Introduction
2. The McKinsey Way of Thinking
1. Building the solution
2. Developing the approach
3. 80:20 and other rules
3. The Mckinsey Way of Working to Solve Business
Problems
4. The Mckinsey Way of Selling Solutions
5. Surviving at Mckinsey
6. Life after McKinsey
7. Growth Model of Mckinsey.
3. McKinsey & Company was founded in Chicago in
1926 by James O. ("Mac") McKinsey, an
accounting professor at the University of
Chicago, Booth School of Business, who
pioneered budgeting as a management tool.
84 offices in 89 countries
100 of the top 150 organizations
90% of governments have consulted them
The Mckinsey Way book is writthen by Ethan M
Rasiel
4. Firm’s problem solving process has
three attributes
Fact based
Rigidly structured
Hypothesis driven
5. The problem is not always the problem
Don’t reinvent the wheel
Frameworks - focus their thinking on the
drivers of the problem
Trust and Verify
Don’t make your facts fit your solution
Make sure your solution fits your client
Finite resources everywhere
Toll guarding the bridge – understand politics
6. 80:20 rule is all about data and analysis
Find the key drivers – drill to the core of the
problem – focus and ignore
Make a chart everyday – review learning
gained
Look at the big picture
Just say ‘I don’t know’
Don’t accept I have no idea - Probe
7. 1. McKinsey does not sell; it markets
2. Be careful what you promise: Structuring an
engagement
3. Team Morale – never blame, self pity
4. Practice development
5. Make your boss look good
6. Manage hierarchy
7. Listen, Guide, Paraphrase
8. Make interviewee feel reassured
9. Write a Thank you note always
10. Brainstorming
8. 1. Structured presentations
2. Internal Communications – keep info flowing
3. Confidentiality
4. Working with clients – keep them on our side
5. Deal with hostility
6. Engage client
7. Be rigorous about implementation
8. Review Projects and learning
9. Contribute to the databases
9. Find a mentor
Respect people
Respect the support staff
Recruiting style: Analytical, Judgment, Ethical, Fit
with Firm, Academic track record, Above average IQ
10. Valuable lessons
Preserve your integrity
Be humble
Be Objective
Politics STARTS with YOU
Professionalism
Rigorous standard of information
Relentless drive for excellence NOT perfection
Power of Team Thinking
11. MAKE YOUR BOSS LOOK GOOD
ASSEMBLING A TEAM
DON’T ACCEPT “I HAVE NO IDEA
LOOK AT THE BIG PICTURE
MAKE A CHART EVERY DAY
MAKE SURE YOUR SOLUTION FITS
YOUR CLIENT
DON’T REINVENT THE WHEEL
12. The McKinsey model argues that businesses should
develop their growth strategies based on:
Operational skills
Privileged assets
Growth skills
Special relationships
13.
14. Existing products to existing customers
Existing products to new customers
New products and services
New delivery approaches
New geographies
New industry structure
New competitive arenas
15. The mckinsey way book by Ethan M Rasiel.
The mckinsey growth strategies, from
http//:www.tutor2u.commckinseygrowthstategies.
The mckinsey way from The MBA dairy of Ethan
M Rasiel.