{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Case 5 - Case 5-5 McKinsey Company Managing Knowledge and...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Case 5-5: McKinsey & Company: Managing Knowledge and Learning MD-Managing Director -> “knowledge is the lifeblood of McKinsey” The Founders’ Legacy - founded in 1926 by James MyKinsey as the firm of “accounting and engineering advisors” - 1932: Marvin Brower was hired and became manager of the the recently opened New York office - in 1937 Brower outlined his vision: - adhering to the highest standards of integrity - professional ethics and technical excellence - able to attract and develop young men of outstanding qualifications - committed to continually raising its stature and influence - firm dedicated to the mission of serving its clients superbly well - New Engagement Guide: every assignment should bring something more than revenues, f.i. experience or prestige - was elected Managing Partner in 1950; major changes that turned McKinsey into an elite consulting firm unable to meet the demand for its services A Decade of Doubt - almost overnight McKinsey’s reservoir of internal self-confidence began to turn to self- doubt and self-criticism Commission on firm aims and goals - 1971: commission on firm aims and goals concluded the firm had been growing too fast -> one central proposal was that the firm had to recommit itself to the continuous development of its members -> emphasis should be placed on the development of what it termed “T-Shaped” consultants: those who supplement a broad generalist perspective with an in-depth industry or functional specialty Practice development initiative - Ron Daniel became Managing Director in 1976 -> appointed one of the firm’s most respected and productive senior partners as McKinsey’s first full-time director of training - also believed some structural changes were necessary: created industry-based Clientele Sectors in consumer products, banking, etc. cutting across geographic offices that remained
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern