Both a behind-the-scenes look at one of the most admired and secretive companies in the business world and a toolkit of problem-solving techniques without peer, "The McKinsey Way" is fascinating reading that empowers every business decision maker to become a better strategic player in any organization.
Table of Contents
Part I: The McKinsey Way of Thinking About Business Problems. Building the Solution. Developing an Approach. 80/20 and Other Rules to Live By. Part II: The McKinsey Way of Working to Solve Business Problems. Selling a Study. Assembling a Team. Managing Hierarchy. Doing Research. Conducting Interviews. Brainstorming. Part III: The McKinsey Way of Selling Solutions. Making Presentations. Displaying Data with Charts. Managing Internal Communications. Working with Clients. Part IV: Surving at McKinsey. Find Your Own Mentor. Surviving on the Road. Take These Things with You Wherever You Go. A Good Assistant Is a Lifeline. Recruiting McKinsey Style. If You Want a Life, Lay Down Some Rules. The Most Valuable Lesson. Memories of McKinsey.
About the Author
Ethan M. Rasiel joined McKinsey & Co.'s New York office in 1989 and worked there until 1992. While at "the firm", his clients included major companies in finance, telecommunications, computing, and consumer goods sectors. Before working at McKinsey, he worked as an equity fund manager at Mercury Asset Management in London. He has also worked as an investment banker. He has a bachelor's degree from Princeton University and an MBA from the Wharton School at the University of Pennsylvania.
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Reviews
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Highly recommended.
There are good reasons why McKinsey & Co is the world's highest priced management consultancy -- they hire a bunch of smart people, they work very hard for long hours and they use some very powerful (but pretty straightforward and logical) techniques to help them:
- structure problems,
- identify potential solutions and
- test those potential solutions to find the best alternatives
Rasiel doesn't give away all the firm's secrets but he gives the reader a running start on many of the more generally useful approaches that they use for logical thinking, problem structuring, interviewing clients, etc.
This book is not just for consultants but valuable for anyone who has complex business problems to solve.
If these logical thinking techniques are starting to work for you, the next book you should get is Barbara Minto's "The Pyramid Principle". Minto is more expensive and harder to read, though, so definitely start with Rasiel.
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