Case Analysis: Mckinsey & Company- Managing Knowledge and Learning
Today McKinsey has over 7,500 consultants in 90 offices across 51 countries. They help solve strategic, organizational, operational and technological problems, for some of …show more content…
Client interests must be placed before those of the firm.
Engagements should only be undertaken when the value to the client was expected to exceed the firm's fees.
The firm's ownership should be restricted to active partners.
Firm members must be professionals trained and motivated to do outstanding work and make a permanent career with the firm.
2. How effective was Ron Daniel in leading McKinsey to respond to challenges identified in the Commission on Firm Aims and Goals? What contribution did Fred Gluck make to the required changes?
In the commission on Firm Aims and Goals, they issued several challenges which included McKinsey grew slowly in Europe and the U.S; neglect the development of technical and professional skills and lack in-deep industry knowledge. These challenges have made them lose both