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Mc Kinsey

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McKinsey was founded in 1926 by Professor James (“Mac”) McKinsey as a ‘accounting and engineering advisory’ company. In 1932, Marvin Bower was joined at McKinsey and his vision was one focused on issues of importance o top-level management, adhering to the highest standards of integrity, professional ethics and technical excellence, able to attract and develop young men of outstanding qualifications, and committed to continually raising its stature and influence. And his mission was to make the firm served its clients superbly well.
For few years after founded, McKinsey’s growth engine seems to stall for many reason like economic turmoil of the oil crisis and appearance of new focused competitors like Boston Consulting Group (BCG). To solve this problem the committee had result and recommendations. One of the recommendations was to reduce MGM ratio from 7 to 1 and became “T shape” consultant, a firm that supplemented a broad generalist perspective with an in-depth industry or functional specialty. When Ron Daniel has become a Managing director for McKinsey, he faced aggressive challenge from its competitors and McKinsey began to losing its clients. His first move was to more develop its employee skill as a consultant. He also made industry based clientele sectors and leveraging the firm’s functional expertise. He assembled working groups to develop knowledge in two areas, strategy and organization.
Fred Gluck wanted to bring an equally stimulating intellectual to McKinsey. He created 15 centers of competence and the role is to help develop consultants and to ensure the continued renewal of the firm. Gluck launched a Knowledge Management project to build a common database of recommendation of clients named Firm Practice Information system (FPIS) and a “yellow-pages” of McKinsey named The Knowledge Resource Directory. And make company more like “I-shaped” than

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