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The McKinsey Mind
Book

The McKinsey Mind

Understanding and Implementing the Problem-Solving Tools and Management Techniques of the World's Top Strategic Consulting Firm

McGraw-Hill, 2001 more...

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Editorial Rating

7

Qualities

  • Applicable

Recommendation

Throughout the 1990s, consultants were the kings of business and one firm, McKinsey & Co., reigned above all others. In The McKinsey Mind, Ethan M. Raisel and Paul N. Friga, former McKinsey & Co. consultants, describe the methods that the famed firm uses in improving the performance of its consultants. These techniques, which relate to problem solving, management and communications, combine to produce the equivalent of a basic MBA textbook. But unlike much of your grad-school reading, this one is right on target to address your real-life business executive. As such, getAbstract recommends this book not just for its McKinsey cachet, but for its applicable approaches to business.

Take-Aways

  • McKinsey & Co. relies on a fact-based method of problem solving and management.
  • McKinsey’s model for problem solving includes identification of a business need, problem analysis and presentation of a solution.
  • The critical first step is framing the business problem so it can be subjected to rigorous, fact-based analysis.

About the Authors

Ethan M. Rasiel  was a consultant in McKinsey & Co.’s New York office. Among his clients were major companies in finance, telecommunications, computing and consumer goods. Paul N. Friga worked for McKinsey in the Pittsburgh office. His projects related to international expansion, acquisition and strategic planning, education, water, and other industries. He is Acting Director at the North Carolina Knowledge Management Center at the University of North Carolina.


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