THE MCKINSEY WAY
BY ETHAN RASIEL
Using the Techniques of the World’s Top Strategic Consultants to Help You and Your Business
Contents
What’s it about?
A consistent level of discipline is the foundation for business success
A repeatable approach is the best foundation for solving business problems
Data analysis is a must in today’s business world
Communicate like you’re in charge, regardless of whether or not you are
Set yourself up to succeed
You’d be surprised how far you can get with a positive attitude
Final summary
Now read the book
Key takeaways
What’s it about?
McKinsey & Company has spent almost a hundred years perfecting the art of consulting. They are widely hailed as the top consultancy in the world. McKinsey only hires the best of each year’s graduating business school classes. Former employees have gone on to run Fortune 100 businesses, become famous authors, and advise senior government officials across the world. Perhaps their most notable endorsement is that McKinsey’s business strategies and problem-solving tactics are implemented by businesses the world over.
But understanding and properly utilizing their approaches to business problems is no easy feat. McKinsey associates are heralded as the best at what they do because they dedicate themselves to perfecting their trade. They work grueling hours to solve the issues their clients have hired them to fix. It’s an intense work ethic—so much so that around half of McKinsey associates move on from the firm after just two years.
Fortunately, you don’t need to give your life to McKinsey to learn and employ their proven methodologies. Once you have an understanding of the core concepts surrounding their approach, you can apply the tactics to your own business. At a high level, McKinsey’s core principles include a persistent focus on the big picture, measureable actions, and dedication to facts. These are tenets that can improve any operation, regardless of product or market. Approaching all your business problems with these in mind will help you plug potential revenue leaks and uncover new-found revenue streams.
A consistent level of discipline is the foundation for business success