McKinsey Growth Issues
This article highlights some of the recent struggles McKinsey has encountered while managing runaway growth. McKinsey consultants tend to deliberately work longer hours than needed. Extreme pressure to perform and manage their images ultimately means many consultants work longer hours than needed. There is an almost inherent belief that they should be proud in having worked so late at the office. This ultimately fosters a strong case of burn-out, disconnect from families and an inability to actually complete work within a reasonable amount of time. In a recent study for a mining company McKinsey undertook a painful study of heat curves and heat charts to estimate the correct amount of energy required. There’s nothing inherently wrong with this approach. Yet, the McKinsey analyses could not be understood. McKinsey, by its own admission, has struggled when it comes to advising clients where knowledge of technical issues is required. That’s okay; most of their competitors have this problem. However, their response to plug this gap is a little worrisome. We have seen several instances where McKinsey had partnered with technical specialists or taken an excessively technical approach to analyse issues. In a recent study for a mining company McKinsey undertook a painful…