Does McKinsey Partners destroy pretty much every company they touch? Mainly Boeing today, but other companies too. - James McNerney Oversaw Boeing 737 Max Development https://en.wikipedia.org/wiki/James_McNerney - Sundar Pichai with Google - Mckinsey opioid settlement - Countless other manufacturing companies.
Thanks. John Oliver missed Boeing on it, should have included. Boeing represented the pinnacle of American engineering, they destroyed it :(
Management consulting is overpaid and useless.
Not enough upvotes possible on this
It’s useful for its purpose. Its purpose is to make executives look good while avoiding blame when things go badly.
*Do
It is one company's name, so "does"
Consultants like McKinsey are only brought in once execs have completely lost faith in their own employees They're a symptom of a problem not the cause
I observed other patterns: 1. Executive who wants to attack other executive so they bring "impartial" consultants. 2. Executive originally from McKinsey brings there friends 3. True business problems I saw both good and bad outcomes from McKinsey for #2 and #3. #1 is typically unethical from my perspective.
This. I worked for a company in the pre-DotBomb 1 era. We purchased a content management system. Leadership then brought in a management consulting company, ostensibly to identify what business processes could be automated with this new tool. Since we were a content company, this basically meant everyone had to go through Office Space-style interviews explaining what they did to a bunch of note takers who would supposedly run us through a "rigorous business process reengineering phase" as we implemented the new system, assuming we continued to pay them to become experts in what we do so we could eventually have them tell us what we were doing wrong. In the end, they never gave us any advice, and we never implemented the system (not even sure if we ever paid for the system or if the PO got stuck in limbo), because we ran out of money and were sold for parts--after purchasing 800 Herman Miller Aeron chairs that never had butts sit in them because we were going to expand expand expand. The business model of MC companies may be absurd, but as you mentioned, the management that brings them in is worse. Our leadership clearly thought they could spend their way out of the red. I can't blame the consultants for wanting to milk that idiotic cow.
I once put snake oil into my car's gas tank hoping it would remove the carbon deposit. Consulting firms are the snake oil
Yup!
There is no shortcut and consultants like McKinsey basically are in the business of selling shortcuts because they are “better “ than their customers
The "get rich quick" scam for companies in America.
Wayfair is run by a bunch of ex-McKinsey consultants. That should tell you everything you need to know about McKinsey. They are insufferable. Makes you wonder what the source of their confidence is when they’ve been running a business that’s been unprofitable for over 20 years.
Probably their individual wealth and incomes
Because they run the world by having their buddies influence and join F100 boards and US Govt positions of power
I agree to a certain extent as a consultant myself, though I will say that many consultants can bring value and experience, but need time to see it through and execute on what was planned. I’m not a fan of the rigid management and cutthroat office politics, but the only time I’ve experienced something like that was with MRM; my current team has absolutely none of that. TC: 105K
Still hate pre director level pay…so exponentially low 🥲
The problem is that even when consultants do know what they're doing, the second the project is done and they're gone, the idiots at the company go back to fucking everything up and the work the consultants did goes up in smoke.
Watch John Oliver’s expose on McKinsey
In fact, do not trust anything John Oliver says or “exposes”. Mockery, derision and sarcasm is not how truth works, albeit it does make viewers feel good and morally and intellectually superior.
He backs up the sarcasm with data