Summary of The McKinsey Way

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Rating

7 Overall

8 Applicability

7 Innovation

5 Style


Recommendation

Ethan M. Raisel describes the problem-solving process used by McKinsey & Company, a well-known corporate consulting firm. The book offers easily digested tips. The insightful section on conducting interviews and the tips on building teamwork are particularly useful. However, because the author and other McKinsey consultants are prohibited by confidentiality agreements from discussing the specifics of their cases, the book lacks real-world examples of the firm’s problem-solving approaches. getAbstract recommends this book to managers seeking useful information and problem solving techniques.

In this summary, you will learn

  • What techniques McKinsey consultants use to solve problems;
  • Why McKinsey prefers to market, rather than sell, its service; and
  • Why interviews are an essential source of information for problem solvers.
 

About the Author

Ethan M. Raisel worked for McKinsey & Company from 1989 to 1992. His clients at McKinsey included major financial, telecommunications, technology, and consumer goods companies. He has a bachelor’s degree from Princeton and a master’s of business administration from Wharton. He lives in Chapel Hill, North Carolina.

 

Summary

Thinking Like a Consultant
Companies worldwide hire McKinsey & Company, a well-known corporate consulting firm, for its problem-solving expertise. McKinsey experts credit the firm’s success to the use of its proven guidelines for problem solving. Those guidelines include techniques...

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