As part of Strategy execution, this presentation on was on how McKinsey & Company flourished throughout the years by Managing Knowledge and Learning diligently.
2. About the Case
Development of McKinsey & Company as a worldwide management
consulting firm since inception to approaching 2000s.
It talks about how McKinsey has developed robust learning and knowledge
management systems to equip its consultants across the globe.
Covers each dimension of the company's hierarchy--the local office, the
industry practice, and its competence center.
MD Rajat Gupta, has made the latest changes and is accountable to ensure
that they are sufficient to maintain the its knowledge development
process.
3. Founder’s
Legacy
• Highest standards of integrity, professional ethics and technical excellence
• Mission: Serving clients superbly well
Decade of
Doubt
• Commission on Firm Aims and Goals – T Shaped Consultants
• Completion from BCG, New MD Daniel, ‘Super Group’
Revival
& Renewal
• Centers of Competence- 15 Centers and 11 sectors
• Building Knowledge Infrastructure – Clientele Sector and Competence Center, Firm
Practice Information System (FPIS), Knowledge Resource Directory (KRD)
4. Managing Success
• Refining Knowledge Management
• Clientele and Professional Development Committee
• Client Impact
• Client Impact Committee with ET and CST people
• Developing multiple career Paths
• Path to practice- dedicated specialistsKnowledge Management on the Front
• Jeff Peters
• Assembled group of CDs and came up with a PD document
• Warwick Bay
• Extensive programs with European Telecom Systems
• Stephen Dull
• Came up with the Business Marketing Competence Centre
5. New MD, New Focus
Four Pronged Attack on Knowledge
debates
Capitalize long term investment on
Clientele Industry and Functional
capability groups
Get ideas from across levels and
locations: Practice Olympics
Six Special initiatives – multi-year
internal assignments
Expand the McKinsey Global Institute
Future Directions
Invest in technology and
maintain legacy
Leave the firm stronger than he
found it
6. Summary: With a strong blend of old and new strategies, McKinsey
and Co. laid strong emphasis on Knowledge Development and worked
relentlessly to better their services with learned consultants at a reliable
firm.
New Mission: To help clients make positive, lasting and
substantial improvements, in their performance, and to build a
great firm that attracts, develops, excites and retains
exceptional people