A behind-the-scenes, revelatory history of McKinsey & Company, America's most influential and controversial business consulting firm, told by one of the nation's leading financial journalists.
Founded in 1926, McKinsey & Company has become one of the world's leading management consulting firms, helping to invent American business and shaping its course for decades. Ushering in the age of American industrial dominance, McKinsey remapped the power structure in the White House, helped create the bar code, revolutionized business schools, and introduced the idea of budgeting as a management tool.
McKinsey consultants have created the corporate behaviors that shaped our world - reinventing our idea of American capitalism and exporting it across the globe.
At the same time, however, McKinsey can also be associated with a list of striking failures. Its consultants were on the scene when General Motors drove itself into the ground, and they played a critical role in building the bomb known as Enron. Yet they are rarely blamed for the failures - at least not publicly.
McKinsey employees are trusted and distrusted , loved and despised. And far from prying eyes, they are doing behind-the-scenes work for the most powerful people in the world. In The Firm, star financial journalist Duff McDonald uncovers how these high-powered, high-priced business savants have ushered in waves of structural, financial, and technological shifts to the biggest and best American organizations. With unrivaled access to company documents and current and former employees, McDonald reveals the inner workings of what just might be the most influential private organization in America.
©2013 Duff McDonald (P)2013 Blackstone Audio, Inc.
I'd only recommend to other consultants or people interested in consulting. It is a 4 - 5 star book for people in the industry.
I have. His performance is appropriate with proper inflections and tone.
No, it's a comprehensive history with an opened ended conclusion.
Don't bother with this book if you are not interested in McKinsey or consulting. It will bore you to tears within a few pages. Otherwise, this is a detailed, well structured analysis of the "gold standard" in consulting firms. The author provides a history from the beginning of the firm through today. He is non-judgmental and focuses on the major directors of the firm. As a consultant, I enjoyed the book and its insight into McKinsey. I can see where it would bore anyone outside of the industry.
Although at time it got repetitive, the story seemed to repeat itself. Mckinsie, had relationships that it turned into engagement this some time went well and some time didnt. Overall the analysis of the few last years of the firm and how is addressing its current challenges are the most informative of the book.
For business students interested in entering the field of consultancy or others interested on the operation of corporations this is a must read. McKinsey and the many consultancies it spawned have had a large impact on global corporations
Engineer in St Louis, Missouri, United States
You bring in some dumb as dog-shit consultants that have zero experience, they tell you to fire your accounting, IT, and engineering departments. They tell you to move this activity to India. You then have a bunch of dumb as dog-shit cheap labor drones with fake credentials in your company.
In the 2000s you could hire 5 indian engineers for one American engineer. The scam would work if you could get 20 indians for one American, because the 5 produce total rubbish.
Good narration, but the story was weak. If you're aware of what management consulting actually entails, then you'll know of McKinsey, and this book will be utterly pointless.
This was my biggest issue - the narrator read this like it was a History Channel documentary on space travel. Way over-performed, but not in an engaging way. Very little personality came through.
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