McKinsey 1. Based on the information provided in the case‚ what kind of organizational structure does McKinsey use and why? How is it connected to its mentality type (type of company within the Bartlett & Ghoshal typology)? Company has strongly embedded “One firm” structure‚ which relates to clients‚ employees and profits. They emphasise the individual consultant development‚ so called I-shaped consultants. It is team-based organisation with team-led sectors and segments. McKinsey’s have
Premium Corporation Firm Management consulting
Although the Practice Olympics was only one of several initiatives he had championed‚ Gupta wondered if it was enough‚ particularly in light of his often stated belief that “knowledge is the lifeblood of McKinsey.” Founded in 1926 by University of Chicago professor‚ James (“Mac”) McKinsey‚ the firm of “accounting and engineering advisors” that bore his name grew rapidly. Soon Mac began recruiting experienced executives‚ and training them in the integrated approach he called his General Survey
Premium Knowledge management Knowledge Management consulting
McKinsey & Company: Managing Knowledge and Learning Group 2 – Section A Aditya Dave 11P005 Anand Jhunjhunwala 11P009 Pragati Sangal 11P031 Pratikshit Pandey 11P032 Saurabh Bhandari 11P041 1. What was McKinsey’s unique source of competitive advantage developed by James O. McKinsey and later by Marvin Bower? James O. McKinsey * Recruited experienced executives and trained them on an integrated approach which he called the General Survey outline * Sequence
Premium Marketing Knowledge management Management
McKinsey Matrix (The GE multi factoral) With the help of McKinsey and Company‚ a leading consulting group‚ the General Electric Company (GE) developed a popular business portfolio analysis tool called the GE Multifactor Portfolio Matrix. This tool helps managers develop organizational strategy that is based primarily on market attractiveness and business strengths. Industry attractiveness might be determined by such factors as the rate of industry growth‚ the number of competitors in an industry
Premium Strategic management
Chapter 12 McKinsey 7S Ch12. McKinsey 7S • • • • • • • • Short Description Background Strategic Rationale & Implications Strengths & Advantages Weaknesses & Limitations Process for Applying Technique Case Study: Kenya Airways FAROUT Business and Competitive Analysis. By C. Fleisher & B. Bensoussan. FT Press 2007. All Rights Reserved. Ch12.2 Ch12. McKinsey 7S Short Description • The McKinsey 7S model is a diagnostic management tool used to test the strength of the strategic degree
Premium Strategic management Management Strategy
McKinsey 7S Model This model was developed in the 1980’s by Robert Waterman‚ Tom Peters and Julien Philips whilst working for McKinsey and originally presented in their article " Structure is not Organisation". To quote them: "Intellectually all managers and consultants know that much more goes on in the process of organizing than the charts‚ boxes‚ dotted lines‚ position descriptions‚ and matrices can possibly depict. But all too often we behave as though we didn’t know it - if we want change
Premium Organization Management
A New Focus for McKinsey Rajat Gupta‚ a 20-year veteran committed to decide to put emphasis on knowledge development‚ launched a four-pronged attack to help McKinsey to build up their long tern capital. First‚ he capitalized the firm’s long tern investment by creating come new channels and forums for knowledge development and organizational learning. Second‚ he created a Practice Olympic to encourage regional offices to extend ideas that grew out of client engagement. Third‚ he assigned senior
Premium Learning 21st century Knowledge management
------------------------------------------------- Case Study Review on McKinsey & Company: Managing Knowledge and Learning. Harvard Business School. Article 9-396-357. Rev. January 4‚ 2000 ------------------------------------------------- Knowledge is fundamentally a cognitive phenomenon (Geisler‚ 2007.p. 467) which is embedded in the intellectual capital: the human and structural capital (Bercerra-Fernandez‚ Gonzales and Rajiv Sabherwal‚ 2002‚ p.3) of organizations. The acquisition or to be
Premium Knowledge management Management Management consulting
since its architecture will determine the path that the company will go through to reach their goals. Many ways to do this kind of analysis exist and are used world widely‚ but the ones that are able to give the best results are‚ in my opinion‚ McKinsey 7s model and Galbraith`s Star model. Both models are useful because they describe very important organisational elements and recognise the interaction between them. Both also require organisations to use a chosen strategy to inform structure decisions
Premium Organization Strategic management
Strategy is a plan developed by a firm to achieve sustained competitive advantage and successfully compete in the market. What does a well-aligned strategy mean in 7s McKinsey model? In general‚ a sound strategy is the one that’s clearly articulated‚ is long-term‚ helps to achieve competitive advantage and is reinforced by strong vision‚ mission and values. But it’s hard to tell if such strategy is well-aligned with other elements when analyzed alone. So the key in 7s model is not to look at your
Premium Management Organization Sociology