SRINIVAS KANNAN

# Level 25, 242 Exhibition St, Melbourne, VIC Mobile +61 419462640 srinivas.kannan@team.telstra.com

Case Study - Mckinsey

Facts of the Case

Questions
1. How was this obscure little firm of accounting and engineering advisors able to grow into the worlds most prestigious consulting firm fifty years later? What was the unique source of competitive advantage developed by James O. McKinsey and later Marvin Bower? The company had experienced expansion into a global market and many changes in management and structure. Recruited experienced executives and professional consultants. The company was staffed by professionals with different levels of authority, and the consultants worked within a matrix arrangement with a professional core. All McKinsey managers participating in the development of the strategic plan and cascading the goals and objectives throughout the firm the positive impact of management by objectives Decentralizing the centers 15 centers[practice leadership ] James O Recruited experienced executives and trained them on an integrated approached he coined as the General SurveyOutline Undeviating sequence of analysis -goals, strategy, policies, organization, facilities, procedures & personnel Freestyle of training--synthesize data &independent thinking Marvin Bower Focused on issue of importance to top-level management People development is company's primary purposeprofessionals trained and motivated to do outstanding work Client benefits must be more important than those of 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? Daniel appoints one of firms partners to be the full-time director of training. Improve consultants skills and expertise. Created industry-based clientele sectors indifferent functions, and cut some geographic offices that remained the primary organizational entity. Leverage the firms functional expertise, especially for strategy and organization sectors. Fred Glucks contributions

Centers of Competence--created 15 Centers of Competence, which can help consultants and to ensure the renewal of the
intellectual resources for the firm. Knowledge Infrastructure-- knowledge management project Build a common database of knowledge accumulated from clients work and developed in the practice area hire a full time coordinator. create a career path for deep functional specialists..Create a Client Impact Committee

SRINIVAS KANNAN
# Level 25, 242 Exhibition St, Melbourne, VIC Mobile +61 419462640 srinivas.kannan@team.telstra.com 3. Judging by the evidence in the three mini-cases of front-line activities in the mid 1990s, how effective has the firm been in its two-decade long change process?

High level knowledge related to different fields, and also experiences and capabilities from worldwide, Efficiency to solve different kinds of problems from different counties. High-educated, full knowledge and enough experience employees participated to using an effective way to persuade
clients.

A more interdependent network, created and developed. Training new generation directors and new team workers, give them more opportunities to practice in daily operation. 4. What is your evaluation of Rajat Guptas four-pronged approach to knowledge development and application within
Mckinsey? As a senior partner, what specific advice would you give him? Capitalize on the firms long term investment supported by the Knowledge infrastructure Practice Olympics. Tapped both internal and external expertise to develop state-of-the-art formulations. Create pools of dedicated resources protected from daily pressures and clients demands, and focused on long-term research agendas.

Recommendation Mr. Guptas initiatives and MBO --- Helps growth but made it impossible to link the knowledge and expertise of the organization. High on cost Have to focus, not overlooking customer and market. Should using traditional communication methods to motivate employees and develop personal relationships.