This is the 24th podcast for the power sector corporate strategy study we will soon release as part of our Executive Program.
In an update meeting with the CFO of EE who sits on the board of EI, he mentioned that McKinsey has been appointed by EE to conduct a “visioning refresher” workshop to help the EE board think through their options.
The CFO stressed that the work does not overlap with our own since McKinsey is focused on EE’s broader issues and the investment in EI is just one thing they will briefly discuss. McKinsey is doing a lot of work at EE so this is not really all that surprising.
In this podcast, I discuss the likely impact on our study, how a boutique firm should respond and how a boutique firm should not respond.
The problem is that most boutique firms panic and overreact. The presence of an ego and a lack of realistic thinking forces most boutiques to behave irrationally, which ends up hurting them.
A reaction is needed but certainly not in the way most companies would react.