Top down management has destroyed companies. This ridiculous view that the top can see everything doesn't work for a simple reason that most of the people at the top are naive to the technology etc at the bottom and the relationship between the company and the customer.

6:37 F4 key repeats the previous action. You could have used that after you copied the first rectangle to quickly create three more. Same for the copying down afterwards.

"here's an idea, how about you offshore all your work?" "Youll vastly reduce your costs and make record profits for a few years then of course the company will go broke, but by the time that happens youll be rich!"

Hey man, I want to edit 1 long form + 1 short form + make a thumbnail for you in absolutely FREE to prove my work. I will use custom animations/graphics, so that your audience will fully engage throughout the video. 1 chance is all I need 🤝

To me, McKinsey's hiring process looks like it assumes that human beings can not learn. Some are gifted, and that's what we want. Is that true?

Scientists informed this entire process but forgot it themselves along the way because all they communicate with are scientists. Stretch the process, add a lot more rigour and evidence, and the McKinsey process becomes the standard scientific process.

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I like your channel, but this was a really Bad summary if the scientific method. It has nothing to Do with 6sigma or let alone mckinsey..... thats why it works pretty well.

SIMPLE QUESTION: WHAT EXACTLY does the top 3 do that cannot be done internally? Like the VERY VERY specifics, someone tell me please. What is the name of that deliverable(s)?

😱😭

May be by the end of this year I would be able to talk to my Excel Sheet and it would do vlookup for me. Scary? Relieving?

This takes 20 sec in python? Why brother with the chatinterface?

Amazing

1-5 is okay. I will get started with my accounting studies! Thank you.

I learnt about top-managment approach, and I liked how you contrasted it to the top-down approach.

The roll-out process makes me curious.

Thank you for the conenction between accounting and consulting; I am getting acquainted with the industry.

U of Utah.

Here is an AI platform designed specifically to improve strategy consulting. It does about 75% of what a McKinsey, Bain, or BCG does in an extensive/expensive consulting engagement and does it in 90% less time. This will likely arm small to midsized consultants (and companies) with the data collection and analysis tools that the big houses (McKinsey, BCG, and Bain) have used and do it fast: kzfaq.info/get/bejne/iJ-FqM2TqcDDlIk.htmlsi=Qj7BasEBucdOMi2D

No longer the case today!

useful! thx

McKinsey employees are nothing but professional bullshitters. Never impressed by them corporate jargons

Playback 1.25x. Youre welcome

Love it 😊

Nice thank you 😊

Excellent interview, Tom has always had his finger on the pulse of these companies and is such a brilliant communicator

Wow I find this so fascinating. A friend's son started recently at McKinsey and I think he is on his way to some pretty amazing things in life and ultimately wants to end up in start ups in Silicon Valley - what a surprise right?! I think he will succeed - he's truly brilliant. I enjoyed this conversation so much. Thank you!

all I know is that management is the only consulting jig where you hire consultants with the least experience possible doing the actual thing you're hiring them to consult on. Look it's one thing if you're hiring them to take the blame for your plan to cut workers and pay to bump up the stock price, that's lame but that's actually understandable and everyone involved is getting what they expect... but actually hiring them to give real advice? I've no clue...

🎯 Key Takeaways for quick navigation: 00:00 📋 *Consulting Recruitment Insights* - Understanding the "why" behind wanting to pursue consulting, - The importance of motivation and commitment during the recruitment process. 01:11 🚀 *Simplifying the Consulting Entry Process* - The basic steps to entering consulting: securing and passing interviews, - Changes in recruitment over time, emphasizing diversity and digital interviews. 02:34 📈 *Challenges and Opportunities in Consulting Applications* - Increased competition in consulting applications versus industry growth, - The importance of demonstrating value to the firm in applications. 03:59 💡 *Developing a Consultant Mindset* - The key to passing interviews is learning to think like a consultant, - The pitfalls of memorization and the importance of analytical thinking skills. Made with HARPA AI

Quality content

Thanks for the content. Really inspiring.

Hi @strategyUn I’m starting as a strategy consultant soon and I’m nervous. Do you have any materials or books you would recommend I read ?

The greatest misconception for me was that this work is about working with successful entrepreneurs so you could learn a ton for yourself, while in reality you end up with corporate Bills and Joes who just want to get a good performance assessment so they could climb rheir corporate ladders further and pay off their mortgages. And in the process you build their case for repetetive restructing of departments while infusing "digital" and AI phrases to impress their bosses, not inventing new iPhone.. Yep, not that exciting as I naively expected..

it was super good and helpful video. Thank you a lot!

according to the graph, the revenue quadrupled in 5 years, not 4

excellent explanation for the book. quick and simple. Thank you.

We had McKinsey consultants restructure the dev delivery system in a company I worked at. They started off by laying off all British and American developers and moving everything offshore. All that remained were BA and Product Owners who would draw up spec and liase between the business and the devs. None of the McKinsey Consultants had ever worked in a dev team. The results were horrific. Dev times which had previously been a few weeks to do something started to become months. Worst part was the sheer level of technical debt that started to grow and was never addressed as the McKinsey consultants didn't know they had to deal with technical debt so didnt write it in to their processes. The company for the next few years made record profits due to the lowered wage bill. However now the company is screwed. The company is no longer a big player in its market as it is totally unable to develop new products etc.

🎯 Key Takeaways for quick navigation: 00:00 🎓 *Initial Consulting Scenario Introduction* - Introducing a hypothetical university scenario with a financial shortfall. - The problem: a $25 million shortfall at 'U of X' university. - Immediate solutions like increasing tuition or cutting costs are typical but not ideal. 01:09 🧐 *Consulting Approach to Problem-Solving* - Shifting from immediate solutions to a structured consulting approach. - Steps involve identifying the problem, forming hypotheses, and conducting analysis and research. - Aim to explore all possible options and find the most effective solutions. 02:04 📉 *Defining and Addressing the Financial Shortfall* - Detailed problem definition: U of X's budget shortfall and limited options. - Hypotheses: Exploring cost-cutting or revenue-increasing strategies. - Developing sub-hypotheses to guide further research and analysis. 03:41 🔍 *Deep Dive into Hypotheses Testing* - Example of testing a hypothesis: considering tuition hikes. - Methods include benchmarking, surveying students, and examining macroeconomic factors. - Illustrates the depth and complexity of analysis in consulting projects. 04:38 🔄 *Iterative Nature of the Consulting Process* - Describes the consulting process as iterative, involving both top-down and bottom-up approaches. - Initial steps: defining the problem and forming hypotheses. - Later stages involve constant refinement and alignment with emerging solutions. 05:36 📈 *Final Stages: Solution Communication and Implementation* - Final stage involves communicating solutions effectively. - Emphasizes the importance of backing solutions with rigorous analysis. - The process concludes by aligning findings with a persuasive, top-down communication strategy. Made with HARPA AI

You’re a blessing 🤩 thank you so much!!

Nothing wrong about having a very beautiful presentation, as long as function and content do what they are supposed to do efficiently.

Thank you for your insight. I am an MBA student at non Ivey school and want to get into consulting. What was your experience with working hours and work life balance? I have heard some consultants put in 80hr/week, is that true?

what font do you use in your slide?

As someone who transitioned from freelancing to working in a small team, I can relate to the challenges and the necessity to be Jack of all trades. Your point about the abundance of resources in a large consulting firm is interesting. With the advent of various AI tools, it suddenly feels as though I have a team ten times larger at my command, with tenfold the talent and resources. It's as if I now have access to data scientists, strategists, designers, and every kind of expert unferbthe sun that would have been unaffordable just a few years ago.

I am very motivated. I d worked at the bank/biggest bank in my country/ for 17 years and I left last year due to do different things which are more creative and more helpful to others. I started my own consulting firm last year. Honestly, I feel give up inside. But after watching your videos it gave me motivation. Thank you so much for your effort for us.

What aboiut OC&C???

I guess im the only one with a photographic memory

Thanks! more volume.

You work in consulting industry yet you are unable to go straight to the point ! the content of the video is quite painful just to make views !

Waste of time