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McKinsey
McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and largest of the " Big Three" management consultancies (MBB), the world's three largest strategy consulting firms by revenue. The firm mainly focuses on the finances and operations of their clients. Under the leadership of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—transformed corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has a notoriously competitive hiring process, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McKinsey Script Mark 2019
McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and largest of the " Big Three" management consultancies (MBB), the world's three largest strategy consulting firms by revenue. The firm mainly focuses on the finances and operations of their clients. Under the leadership of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—transformed corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has a notoriously competitive hiring proces ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McKinsey
McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and largest of the " Big Three" management consultancies (MBB), the world's three largest strategy consulting firms by revenue. The firm mainly focuses on the finances and operations of their clients. Under the leadership of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—transformed corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has a notoriously competitive hiring process, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marvin Bower
Marvin Bower (August 1, 1903 – January 22, 2003) was an American business theorist and management consultant associated with McKinsey & Company. Under Bower's leadership, McKinsey grew from a small engineering and accounting firm to a leader in the consulting industry. Bower, alongside Edwin G. Booz, is regarded one of the individuals most responsible for the rise of management consulting after World War II; he is considered by many to be the "father" of the modern consulting industry." Biography Bower was the son of the deputy recorder at Cuyahoga County, and grew up in the Collinwood neighborhood of Cleveland, Ohio and attended Glenville High School. He earned his bachelor's degree in Economics and Psychology from Brown University in 1925. His father advised him to study law, and Bower graduated from Harvard Law School in 1928. Bower then attended Harvard Business School, graduating in 1930. Following completion of his studies, Bower worked as an associate at Jones, Day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Three (management Consultancies)
The Big Three or MBB refers to the name colloquially given to the three large strategy consulting firms. They are considered to be the most prestigious firms in the management consulting industry. In terms of employees, McKinsey & Company is the largest and leads by revenue; followed by Boston Consulting Group and Bain & Company. The firms The three consulting firms widely regarded as constituting the Big Three or MBB are McKinsey & Company, Bain & Company and Boston Consulting Group. These three firms are among the world's largest strategy consulting firms by revenue. Their latest publicly available data is summarized in the table below: McKinsey & Company This firm was founded in Chicago by James O. McKinsey in 1926. The firm has grown significantly since then, establishing 104 offices located in 60 countries as of 2014. McKinsey & Company has been voted number one in "The Best Consulting Firms: Prestige" list of the Vault.com career intelligence website consecutively fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McKinsey Quarterly
The ''McKinsey Quarterly'' is a business magazine focused on management and organizational theory. It is written primarily by McKinsey McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ... consultants and alumni, with some guest authors. It also publishes research from the McKinsey Global Institute, which was founded in 1990 and conducts original research on economic issues. The magazine is published quarterly and has one special issue each year. McKinsey clients are given early access to upcoming issues. McKinsey & Company provides two awards each year for articles that had the greatest impact on management based on the assessment of a panel of judges from the business community. The magazine was founded in 1964. It was initially an internal document at McKinsey & Company shared with co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bob Sternfels
Robert Sternfels is an American businessman who has been the managing partner of McKinsey & Company since July 2021. Early life and education After growing up in Lodi, California, Sternfels studied history and economics at Stanford University, where he was a member of the NCAA Division I varsity water polo team. He went on to further study at Worcester College, Oxford as a Rhodes Scholar. While originally intending to read international law, he ended up studying towards an undergraduate degree in philosophy, politics and economics. Career Sternfels joined McKinsey upon graduating from Oxford University in 1994. At the time of his election to managing partner in 2021, he led the firm's advanced analytics practice and was based in the firm's San Francisco office. He had previously led McKinsey's operations practice in the US and its private equity practice globally. He is a board member of QuestBridge, sits on the advisory board of USA Water Polo and is a trustee of the Rhodes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fred Gluck
Frederick W. Gluck (born 1935) was a longtime top senior partner and director at management consultancy McKinsey & Company, serving as managing director (chief executive) from 1988 to 1994. At McKinsey he introduced the concept of fifteen “centers of competence”. He is a director at Amgen Inc. and holds directorships in public, private, and non-profit organizations. Education Gluck attended Regis High School (New York City), Regis High School on the Upper East Side of Manhattan, graduating in 1953. He received a B.S. from Manhattan College and an M.S. from New York University, with both degrees in Electrical Engineering. Biography Gluck worked at McKinsey from 1967 to 1995, succeeding Ron Daniel (businessman), Ron Daniel as managing partner in 1988 and succeeded after two terms by Rajat Gupta in 1994. From 1994-1998 he was the vice chairman and a director at the Bechtel Group engineering consulting firm. From 1998-2007 he was a director of Hospital Corporation of America, H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Consulting
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and accessing consultants' specialized expertise regarding concerns that call for additional oversight. As a result of their exposure to and relationships with numerous organizations, consulting firms are typically aware of industry "best practices". However, the specific nature of situations under consideration may limit the ability or appropriateness of transferring such practices from one organization to another. Management consulting is an additional service to internal management functions and, for various legal and practical reasons, may not be seen as a replacement for internal management. Unlike interim management, management consultants do not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Consulting
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and accessing consultants' specialized expertise regarding concerns that call for additional oversight. As a result of their exposure to and relationships with numerous organizations, consulting firms are typically aware of industry "best practices". However, the specific nature of situations under consideration may limit the ability or appropriateness of transferring such practices from one organization to another. Management consulting is an additional service to internal management functions and, for various legal and practical reasons, may not be seen as a replacement for internal management. Unlike interim management, management consultants do not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Chicago
The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the best universities in the world and it is among the most selective in the United States. The university is composed of an undergraduate college and five graduate research divisions, which contain all of the university's graduate programs and interdisciplinary committees. Chicago has eight professional schools: the Law School, the Booth School of Business, the Pritzker School of Medicine, the Crown Family School of Social Work, Policy, and Practice, the Harris School of Public Policy, the Divinity School, the Graham School of Continuing Liberal and Professional Studies, and the Pritzker School of Molecular Engineering. The university has additional campuses and centers in London, Paris, Beijing, Delhi, and Hong Kong, as well as in downtown ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston Consulting Group
Boston Consulting Group, Inc. (BCG) is an American global management consulting firm founded in 1963 and headquartered in Boston, Massachusetts. It is one of the Big Three (or MBB, the world’s three largest management consulting firms by revenue) along with Bain & Company and McKinsey & Company. Since 2021, the consultancy has been led by the German executive Christoph Schweizer. History The firm was founded in 1963 part of The Boston Safe Deposit and Trust Company. Henderson had been recruited from Arthur D. Little to establish the consulting arm operating as a subsidiary under the name Management and Consulting Division of the Boston Safe Deposit and Trust Company. Initially the division only advised clients of the bank, with billings for the first month at just US$500. Henderson hired his second consultant, Arthur P. Contas, in December 1963. In 1966, BCG opened its second office in Tokyo, Japan. In 1967, Henderson met Bill Bain and offered him a role at the firm. Bai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enron
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. ''Fortune'' named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal. Enron has become synonymous with willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in the enac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
