"When McKinsey Comes To Town": BOOK REVIEW by ex-McKinsey consultant & How evil is McKinsey? ⚡👿

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"When McKinsey Comes To Town": BOOK REVIEW by ex-McKinsey consultant & How evil is McKinsey? ⚡👿

Рет қаралды 1,815

Күн бұрын

In “When McKinsey Comes To Town: The Hidden Influence of the World's Most Powerful Consulting Firm”, New York Time journalists Walt Bogdanich and Michael Forsythe reveal the newest set of scandals produced by McKinsey & Company, the largest and most successful management consulting firm in the world.
As a former McKinsey consultant and project manager, I give my very own spin to this video review on their book “When McKinsey Comes To Town, in which the authors present the results from their meticulous analysis, suggesting that McKinsey was evil. On almost 300 pages, Bogdanich and Forsythe narrate story after story on how McKinsey served dubious clients in the private and public sectors around the world and how it supercharged their dodgy business models, which in all reported cases ultimately led to distrasous results.
In my “Halloween”-themed book review video, I first summarize the five worst accounts as given in the book in my personal “McKinsey Hall of Shame”. I then evaluate the book in terms of its strength and weaknesses, whereby I want to already stress that I consider it a must-read for every current and aspiring consultant as well as those interested to learn how top consulting firms such as McKinsey operate (though it must be stressed that, in my view, this book really only presents the absolute worst-case scenarios!). Eventually, I share my very personal reflections on the book’s claims on McKinsey’s work as well as address the question if, considering all these serious missteps, I would apply to and work for McKinsey again.
Make sure to watch the video until the end to get my satire at its best… 😉
📌 TABLE OF CONTENTS
00:00 - When McKinsey Comes To Town
01:17 - McKinsey's Hall Of Shame
04:13 - Evaluation of the book
08:54 - Personal reflections on McKinsey's work
12:19 - The Exorcist
#McKinsey #Newyorktimes #Consulting #ManagementConsulting #ConsultingLife #BCG #Bain
Activate closed captions by clicking on "CC" in the KZfaq window for the best viewing experience.
🎉 SHOW NOTES AND ADDITIONAL RESOURCES
You can order your book copy from here:
Germany (English edition): amzn.to/3TYhUmf
Germany (German translation “Schwarzbuch McKinsey: Die fragwürdigen Praktiken der weltweit führenden Unternehmensberatung”): amzn.to/3Wk1RkP
US: amzn.to/3f5g7Nz
UK: amzn.to/3zlscF6
To find my written review on amazon, search for a 5-star review published by “Jörg Leib” 😊 At the moment, it seems to appear only on the German amazon website; maybe it takes time to replicate on the other country websites, too.
Note: These are amazon affiliate links. In case you make a purchase through one of these links, I earn a small commission, while the price for you stays the same (just amazon loses a bit 😉 )
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💡 YOUR FEEDBACK, WISHES AND IDEAS
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❤️ ABOUT DR “JACK” JÖRG LEIB
Consulting is my passion. Prior to serving as an independent management consultant, for five years I worked as a project manager for the world's leading management consulting firm, McKinsey & Company. I entered McKinsey with a PhD from Imperial College London. YOUinConsulting builds on knowledge acquired by myself and others working at various consulting firms and presents my independent and personal views of the consulting industry.
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Пікірлер: 8

@NadeerKhan Жыл бұрын

Interesting discussion and thorough review of the book. Always some fun and facts I get from your discussions. Keep up the good work! :-)

@YOUinConsulting Жыл бұрын

Thank you for your constructive feedback, Nadeer! Aspiring to keep my work on fun & facts up, as you say 🚀😎

@indrajeetsen5738 10 ай бұрын

Thanks

@YOUinConsulting 10 ай бұрын

Most welcome. What are your thoughts on "evil McKinsey"?

@baccarani1507 Жыл бұрын

you did a balanced review, great work

@YOUinConsulting Жыл бұрын

Thank you! Trying to strike a gentle balance a on a tough subject... 😉

@Elcomendante64 Жыл бұрын

Read the book. Worked for EY. I found your review interesting especially since you worked there. I am sure the book is factually correct but it does focus on the negative outcomes. I am sure there were other outcomes elsewhere that were positive but the book is not a book on how to be a consultant. After reading the book I am amazed how many of the major negative events in the world McKenzie had a hand in: 2008 debt crisis, Enron, insurance companies conduct (USA medical insurance is a farce modeled on the Allstate example), immigration policies and so on. Are you confident that McKensey had as much positive outcomes as negative or do the negative ones have less impact? Do you have any examples of large scale positive outcomes. This might be a result of any consulting.

@YOUinConsulting Жыл бұрын

Hi T64, thank you very much for sharing your thoughtful reflections. I agree with you that the book appears lopsided, though the McKinsey hall of shame is impressive indeed (in the negative sense). Yes, I am confident that McKinsey's work has had many positive impacts as well (otherwise I would not have liked to work for it), though ultimately it is a machine whose purpose is determined by the client's mission. McKinsey can achieve almost any goal, but it also is a mercenary. In terms of prominent positive examples, of course most of them are confidential, too, but for instance google for the "McKinsey carbon abatement curve", which was a real game changer for the climate change discussions in politics & science.