3.73/5
Author: Ethan Rasiel, Paul N. Friga
Publication Date: Oct 17, 2001
Formats: PDF,Hardcover,Kindle,Audible Audiobook,Digital,MP3 CD,Paperback
Rating: 3.73/5 out of 1702
Publisher: McGraw-Hill Education
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The groundbreaking follow-up to the international
bestsellera hands-on guide to putting McKinsey techniques to
work in your organization
McKinsey & Company is the most
respected and most secretive consulting firm in the world, and business
readers just can't seem to get enough of all things McKinsey. Now, hot
on the heels of his acclaimed international bestseller The McKinsey
Way, Ethan Rasiel brings readers a powerful new guide to putting
McKinsey concepts and skills into actionThe McKinsey
Mind. While the first book used case studies and anecdotes from
former and current McKinseyites to describe how "the firm" solves the
thorniest business problems of their A-list clients, The McKinsey
Mind goes a giant step further. It explains, step-by-step, how to
use McKinsey tools, techniques and strategies to solve an array of core
business problems and to make any business venture more successful.
Designed to work as a stand-alone guide or together with The
McKinsey Way, The McKinsey Mind follows the same critically
acclaimed style and format as its predecessor. In this book authors
Rasiel and Friga expand upon the lessons found in The McKinsey
Way with real-world examples, parables, and easy-to-do exercises
designed to get readers up and running.
May 16, 2009
I have a Master's Degree in industrial-organizational psychology and am working on a Ph.D. I say this so you will know where I am coming from in this review. This book is filled with jargon that appears to be unique to the McKinsey firm. Much of the book seems to be an advertisement for the firm, indicating that anyone who works for this firm is a superhero in the business world, and only the absolute best of the best (reminiscent of Top Gun) would ever be chosen. I do believe that there is I have a Master's Degree in industrial-organizational psychology and am working on a Ph.D. I say this so you will know where I am coming from in this review. This book is filled with jargon that appears to be unique to the McKinsey firm. Much of the book seems to be an advertisement for the firm, indicating that anyone who works for this firm is a superhero in the business world, and only the absolute best of the best (reminiscent of Top Gun) would ever be chosen. I do believe that there is wisdom to be gained, but the book is pretty vague about the "how" which makes lessons difficult to apply to the real world. I guess the only thing one can do is be the very best business school graduate and go work there. Of course if you do that you can expect to work 90 hours per week because, according to the author, this is the culture of the firm. ...moreNov 15, 2012
This book (which I keep calling "the Minkey Mind" after Peter Seller's character in the Pink Panther) is an illuminating view into the brainwashing and McKinsey-speak that many of America's CEOs and consultants spout without much forethought. While McKinsey's "scientific" approach to problem-solving (break it down into pieces, come up with a hypothesis, test your assumptions) can sound yawningly trite, there are a few McKinseyisms that are worth being aware of. One is MECE ("mee-cee"), for This book (which I keep calling "the Minkey Mind" after Peter Seller's character in the Pink Panther) is an illuminating view into the brainwashing and McKinsey-speak that many of America's CEOs and consultants spout without much forethought. While McKinsey's "scientific" approach to problem-solving (break it down into pieces, come up with a hypothesis, test your assumptions) can sound yawningly trite, there are a few McKinseyisms that are worth being aware of. One is MECE ("mee-cee"), for Mutually Exclusive, Collectively Exhaustive, a way of looking at a problem or issue in terms of the ensemble of sub-issues that must be resolved. Another is the McKinsey interview style for data-gathering, and a third is the McKinsey presentation style ("buy-in" as they put it), which emphasizes conclusions first, supporting evidence second, hypotheses third. The importance of charts and tables and an emphasis on "data" is also a big deal in McKinseyland.Apr 22, 2011
Worth reading. Especially if you are in consulting. I like the beginning of the book especially, and will be turning back to some of those pages for reference.Aug 23, 2018
A superficial overview of a superficial process. This is a kind of dated overview of the 1990s McKinsey management consultant, still used by big dumb companies to some extent. There's a bit of obfuscation through special terminology (MECE: Mutually-Exclusive, Collectively Exhaustive, etc.), but really it boils down to "find smart people with limited experience, have them express their thoughts in falsifiable ways (as hypotheses in a scientific sense), then gather data to confirm or falsify those A superficial overview of a superficial process. This is a kind of dated overview of the 1990s McKinsey management consultant, still used by big dumb companies to some extent. There's a bit of obfuscation through special terminology (MECE: Mutually-Exclusive, Collectively Exhaustive, etc.), but really it boils down to "find smart people with limited experience, have them express their thoughts in falsifiable ways (as hypotheses in a scientific sense), then gather data to confirm or falsify those hypotheses." Also the "inductive" presentation format where you present conclusions first, then data and theories, and where you pre-sell ("pre-wire") the conclusions individually with stakeholders before the meeting itself. Lots of unwritten stuff which doesn't apply outside of McKinsey (use the brand to sell a 22yo as an expert, the value of an outsider to justify an already-obvious-to-insiders course of action to risk averse politicians within an organization). ...moreAug 04, 2018
These are the notes that I took when reading the book:Aug 01, 2011
Having been a consultant at some point or rather, this book is just the very epitome of what a consultant really is: Someone who 'cons' you out a big, fat fee, and then proceeds to 'insult' you by telling you exactly what you already know.October 8, 2016
A great follow-up after McKinsey Way but a different take - it shows you how to apply the skills learned to career outside McKinsey. I think the authors do a good job trying to make the McK ways ...Full ReviewDec 28, 2011
Interesting but ultimately doesn't really add that much more to the author's previous book "The McKinsey Way".Jan 10, 2017
Lost interest after 30 pages in.Jun 27, 2016
Good overview to some of McKinsey's techniques and perspectives. Interesting book gave me a few things to think about, but it's a fairly superficial treatment.Oct 12, 2018
DoneJan 24, 2015
Acting as a consultant is new in my world and this book nailed it for me. Overall, the book described analysis, presenting, and managing (self, teams, and clients), there were a few gems there that will help me with framing the issue, focus my communication, create buy in, and definitely help in managing the client, both expectation and buy in. Yes, the book contains consulting jargon--but know that much of that jargon is not just for McKinsey-ites, they are words used in many every day Acting as a consultant is new in my world and this book nailed it for me. Overall, the book described analysis, presenting, and managing (self, teams, and clients), there were a few gems there that will help me with framing the issue, focus my communication, create buy in, and definitely help in managing the client, both expectation and buy in. Yes, the book contains consulting jargon--but know that much of that jargon is not just for McKinsey-ites, they are words used in many every day consulting interactions. I'd recommend you reading it and challenging yourself to not learn at least ONE good tip in helping you in your role as a consultant. ...moreJan 25, 2015
The McKinsey Mind is a great resource for creating a framework in one's own company for addressing any issue, be it an integration project, staving off a threat, or starting a new venture. There are some areas in the book where it varies in quality and depth, likely because there might be some proprietary information involved. An example of this involves research and knowledge management, were the text reads more like an ad for how much data, research, and content that McKinsey possess, than how The McKinsey Mind is a great resource for creating a framework in one's own company for addressing any issue, be it an integration project, staving off a threat, or starting a new venture. There are some areas in the book where it varies in quality and depth, likely because there might be some proprietary information involved. An example of this involves research and knowledge management, were the text reads more like an ad for how much data, research, and content that McKinsey possess, than how one might go about developing their own in-house, especially for a small company.Feb 12, 2019
Better than the McKinsey Way. At least, this book provides a good consulting framework for problem solving process.Sep 03, 2014
The book The McKinsey Mind by Ethan and Paul is a master-piece for professional seeking structured approach to problem solving. The book could broadly be divided into three chapters- Analyzing, Presenting and Managing. The authors have further divided this book into several chapters for each of these sections.Mar 01, 2017
A great book for anyone who is interested in knowing more about consulting companies, especially McKinsey & company. The content of this book is useful even for normal companies or personal businesses. It will help you to structure your thinking and give you a road map to help you in evaluating the feasibility of your business / idea.Oct 14, 2019
Insightful, practical and succinct. Lots of value in this book.Nov 05, 2017
GoodJan 07, 2018
Interesting book about McKinsey's methods. Practical tools for use in consulting / consultative sales. Does not make you want to work for "the Firm"Aug 11, 2019
After reading the McKinsey Way - the Mind was a terrible thing to waste such a disappointmentMar 29, 2019
Interesting read. The book highlights the importance of smaller/often unnoticed factors and situations of corporate life, also providing with ways to handle the situation properly.Jan 09, 2018
The book outlines certain principles. At first glance, I thought those are quite common sense. But again, I was told that management consultants consistently work in a manner which is quite “common sense†while others tend to forget at time.Mar 03, 2018
This book shows McKinsey’s approach to break down business challenges, analyze them, generate action plans to solve them. Those skills, marked as McKinsey way, are applicable to more than high-income consultants, but general employees, managers, executives. They are common “best practicesâ€. The author nicely put them together. Those knowledge by themselves are MECE - Mutually Exclusive, Collectively Exhaustive. Among them, MECE principle might be the most important take-away from the book, This book shows McKinsey’s approach to break down business challenges, analyze them, generate action plans to solve them. Those skills, marked as McKinsey way, are applicable to more than high-income consultants, but general employees, managers, executives. They are common “best practicesâ€. The author nicely put them together. Those knowledge by themselves are MECE - Mutually Exclusive, Collectively Exhaustive. Among them, MECE principle might be the most important take-away from the book, followed by Mckinsey's problem-solving model.Mar 22, 2019
Introducing you progressively into the McKinsey world, this book is not a manifesto pro McKinsey as some people had anticipated. Conversely, McKinsey is used as an example of best practices from which useful business processes, techniques and management practices can be transferred -with different degrees of success- to the life of any average manufacturing or service company.Jul 04, 2018
I had high hopes starting this book as a tech talk I watched referenced this firm and a book called the Pyramid Principle as a corner stone of her leadership process. This book is not a substitute for the other which is hard to find a copy of these days. It goes over various argumentative structures at a high level with some examples and quotations but it's just so high level so consistently that unless all of these concepts are new to you, they won't add to your current understanding of I had high hopes starting this book as a tech talk I watched referenced this firm and a book called the Pyramid Principle as a corner stone of her leadership process. This book is not a substitute for the other which is hard to find a copy of these days. It goes over various argumentative structures at a high level with some examples and quotations but it's just so high level so consistently that unless all of these concepts are new to you, they won't add to your current understanding of breaking down problems. I had also hoped to learn more about the mindset of a consultant, and this gives some insight but I truly hope most consultants aren't as superficial as this book leads me to believe. The first section on MECE and issue trees is solid but the rest is so high level that you could summarize in 50 pages over the 175 it tries to fill out. ...moreTake your time and choose the perfect book.
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