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The McKinsey Way: Using the Techniques of the World's Top Strategic Consultants to Help You and Your Business [Hardcover]

Ethan M. Rasiel
3.0 out of 5 stars  See all reviews (40 customer reviews)
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Book Description

1 Mar 1999 0070534489 978-0070534483 First Printing
"If more business books were as useful, concise, and just plain fun to read as THE MCKINSEY WAY, the business world would be a better place." --Julie Bick, best-selling author of ALL I REALLY NEED TO KNOW IN BUSINESS I LEARNED AT MICROSOFT.

"Enlivened by witty anecdotes, THE MCKINSEY WAY contains valuable lessons on widely diverse topics such as marketing, interviewing, team-building, and brainstorming." --Paul H. Zipkin, Vice-Dean, The Fuqua School of Business

It's been called "a breeding ground for gurus." McKinsey & Company is the gold-standard consulting firm whose alumni include titans such as "In Search of Excellence" author Tom Peters, Harvey Golub of American Express, and Japan's Kenichi Ohmae.

When Fortune 100 corporations are stymied, it's the "McKinsey-ites" whom they call for help. In THE MCKINSEY WAY, former McKinsey associate Ethan Rasiel lifts the veil to show you how the secretive McKinsey works its magic, and helps you emulate the firm's well-honed practices in problem solving, communication, and management.

He shows you how McKinsey-ites think about business problems and how they work at solving them, explaining the way McKinsey approaches every aspect of a task:
How McKinsey recruits and molds its elite consultants;
How to "sell without selling";
How to use facts, not fear them;
Techniques to jump-start research and make brainstorming more productive;
How to build and keep a team at the top its game;
Powerful presentation methods, including the famous waterfall chart, rarely seen outside McKinsey;
How to get ultimate "buy-in" to your findings;
Survival tips for working in high-pressure organizations.

Both a behind-the-scenes look at one of the most admired and secretive companies in the business world and a toolkit of problem-solving techniques without peer, THE MCKINSEY WAY is fascinating reading that empowers every business decision maker to become a better strategic player in any organization.


Frequently Bought Together

The McKinsey Way: Using the Techniques of the World's Top Strategic Consultants to Help You and Your Business + The McKinsey Mind - Understanding and Implementing the Problem-Solving Tools and Management Techniques of the World's Top Strategic Consulting Firm + The Pyramid Principle:Logic in Writing and Thinking
Price For All Three: £52.87

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Product details

  • Hardcover: 187 pages
  • Publisher: McGraw-Hill Professional; First Printing edition (1 Mar 1999)
  • Language: English
  • ISBN-10: 0070534489
  • ISBN-13: 978-0070534483
  • Product Dimensions: 16.2 x 2.1 x 23.6 cm
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (40 customer reviews)
  • Amazon Bestsellers Rank: 76,893 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Product Description

Amazon Review

The McKinsey Way, by former McKinsey & Company associate Ethan M. Rasiel, provides a through-the-keyhole perspective on the way this worldwide consulting institution approaches--and solves--the myriad professional problems encountered by its high-powered clientele. His goal, Rasiel writes, is simple: to communicate "new and useful skills to everyone who wants to be more useful in their business." He then does so by explaining the highly structured, fact-based proprietary methodology that McKinseyites are taught to employ with their Fortune 100 clients, complete with details on the entire process from first considering the basic situation at hand through finally selling a solution to the appropriate powers that be.

All of the critical steps (assembling a team, managing a hierarchy, doing research, conducting interviews, brainstorming) are broken down into specific actions and fleshed out with applicable examples that Rasiel has gathered through interviews with dozens of other former McKinsey employees. The concluding sections on surviving the mythically grueling pace at the organization, known simply to insiders as "the Firm," are designed to help readers successfully tackle the similar challenges and obstacles they regularly face in their own work environments. --Howard Rothman

Book Description

"If more business books were as useful, concise, and just plain fun to read as THE MCKINSEY WAY, the business world would be a better place." --Julie Bick, best-selling author of ALL I REALLY NEED TO KNOW IN BUSINESS I LEARNED AT MICROSOFT.

"Enlivened by witty anecdotes, THE MCKINSEY WAY contains valuable lessons on widely diverse topics such as marketing, interviewing, team-building, and brainstorming." --Paul H. Zipkin, Vice-Dean, The Fuqua School of Business

It's been called "a breeding ground for gurus." McKinsey & Company is the gold-standard consulting firm whose alumni include titans such as "In Search of Excellence" author Tom Peters, Harvey Golub of American Express, and Japan's Kenichi Ohmae.

When Fortune 100 corporations are stymied, it's the "McKinsey-ites" whom they call for help. In THE MCKINSEY WAY, former McKinsey associate Ethan Rasiel lifts the veil to show you how the secretive McKinsey works its magic, and helps you emulate the firm's well-honed practices in problem solving, communication, and management.

He shows you how McKinsey-ites think about business problems and how they work at solving them, explaining the way McKinsey approaches every aspect of a task:
How McKinsey recruits and molds its elite consultants;
How to "sell without selling";
How to use facts, not fear them;
Techniques to jump-start research and make brainstorming more productive;
How to build and keep a team at the top its game;
Powerful presentation methods, including the famous waterfall chart, rarely seen outside McKinsey;
How to get ultimate "buy-in" to your findings;
Survival tips for working in high-pressure organizations.

Both a behind-the-scenes look at one of the most admired and secretive companies in the business world and a toolkit of problem-solving techniques without peer, THE MCKINSEY WAY is fascinating reading that empowers every business decision maker to become a better strategic player in any organization.


Inside This Book (Learn More)
First Sentence
Like all things McKinsey, the Firm's problem-solving process has three major attributes. Read the first page
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Concordance
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews

Most Helpful Customer Reviews
19 of 19 people found the following review helpful
1.0 out of 5 stars Just awful 25 Aug 1999
By A Customer
Format:Hardcover
If I could have given it a zero, I would have. I've worked for McKinsey for the past twelve years, and I was stunned at the lack of insight in this book. Even the few observations the author got right are out of date, as the Firm has changed quite a bit in the past few years and this author left McKinsey quite a while ago. I can't imagine how he ever sold this one to a publisher. Vaporware.
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6 of 6 people found the following review helpful
By A Customer
Format:Hardcover
This book is a shameful exploitation of the McKinsey name. The title would give the impression that you would receive at least a couple nuggets of wisdom. Unfortunately the information presented is less than an Introduction to Management course from a local university and not much more than common sense. SAVE YOUR MONEY!!
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4 of 4 people found the following review helpful
By A Customer
Format:Hardcover
Nothing special in this book -- I would be more than happy to send my copy to anyone that wants it.
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3 of 3 people found the following review helpful
By A Customer
Format:Hardcover
When you see the name McKinsey in the title and the author promises he'll tell you how the world's most prestigious consulting firm does it, you expect a lot. But unfortunately this book does not deliver. As so many other Amazon reader/reviewers said, save your money. There are so many other good management books that provide far more advice and practical information.
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22 of 25 people found the following review helpful
Format:Hardcover
McKinsey & Company is a world-famous strategic consulting company, also known as "The Firm". Ethan Rasiel worked at McKinsey & Co. for several years and provides a quick, clear introduction into management consulting firm's problem solving methods. "I wrote this book with the goal of communicating new and useful skills to everyone who wants to be more efficient and effective in business. ... In addition, this book will give any executive woho works with management consultants, whether McKinsey or elsewhere, some insight into how these strange beings think."

The book is split up into five parts. In Part I, Ethan Rasiel explains the McKinsey-way of thinking about business problems. The author explains that the solution of the problem needs to be fact-based (facts are friendly), rigidly structured (MECE = mutually exclusive), and hypothesis-driven (solve the problem at the first meeting - the initial hypothesis). In addition, the author explains how McKinsey-ites approach business problems and apply the McKinsey problem-solving process to maximum effect. There is also a short introduction into a number of rules which McKinsey-consultants use for problem-solving purposes: the 80/20-rule, find the key drivers, the elevator test - sell in 30 seconds, make a chart every day, look at the big picture, say "I don't know", and don't accept "I have no idea".

In Part II, the author introduces the McKinsey-way of working to solve business problems. The author explains the selling process at McKinsey (the Firm does not sell, it markets), how to structure an engagement, and assembling of a team....

In Part III, the author, and the McKinsey-way of selling solutions. This part discusses the way McKinsey makes presentations, which is one of the strongest parts of McKinsey according to the author, displays data with charts (read Gene Zelazny (1985), 'Say it with Charts'), and the way to work with clients.

In Part IV, Rasiel gives some lessons how "McKinsey-ites" have learned for coping with the stresses of life at the Firm, and in Part V, the author recounts the lessons he learned at McKinsey and shares memories of various ex-McKinsey-ites. Both Part IV and V are 'a waste of paper' in comparison to the first three parts, but gives a little insight into what goes on behind the scenes at McKinsey & Co.

Yes, I can understand that some readers are disappointed by this book as it gives just an introduction into management consultancy (and McKinsey & Co). The author introduces the various problem-solving methods and tools, but does not discuss them in great detail. For more details on these methods and tools you will have to read some other literature. The book uses simple US-English. Read more ›

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1 of 1 people found the following review helpful
By Mobi
Format:Hardcover
Recently I read this book. I thought of writing down the salient points so that I do not forget.

Building the solution

Fact based
Rigidly structured
Hypothesis driven

The problem is not always the problem.

Don't reinvent wheel but every client is unique.

Follow 80/20 rule. Work smarter not harder.

Find key drivers in business.

Know your solution so that you can precisely explain to your client in 30 seconds.

Break the problem into small bits and try to solve each part instead of trying to solve whole thing in one go. But don't lose focus from big picture.

Say "I don't know" if necessary.

A little team bonding goes a long way. Make your boss look good.

When you go for an interview, be prepared. During an interview, listen and guide.

Display data with charts.

A good business message will have - brevity, thoroughness and structure.

Maintain confidentially whenever appropriate.

Keep client team on your side. Work around liability client team members.

Engage client in solution process.

Be rigorous about implementation steps of your solution.

A good assistant is a lifeline.

If you want a life, lay down some rules.

Finally, I'd recommend that you also read the book "The Management Consultant" which is an even better and more detailed book.
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1 of 1 people found the following review helpful
3.0 out of 5 stars Scratching the surface 25 April 2011
By Melvin
Format:Hardcover|Amazon Verified Purchase
This book scratches the surface. It's not bad but the author touches some good topics without going into depth. One gets the feeling that he didn't make the cut at McKinsey and therefore only worked there for three years. A book about McKinsey's approach and methods could be great. This is just okay.
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1 of 1 people found the following review helpful
3.0 out of 5 stars It should have been so much more 4 Mar 2008
Format:Hardcover
As a strategy consultant I found small portions of this book quite interesting to see how McKinsey runs through its analytical framework, however as a whole it is very vague and uninformative.

The last couple of chapters in particular are focused more on boosting Mckinsey-ites egos then giving strategic insight from one of the worlds largest consultancies.

I would recommend this book to people thinking about getting into the industry but apart from that as an 'Idiots guide', however there are many more insightful and educational books out there.

On the positive side it is very easy to read so I guess I didnt waste too much of my life
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Most Recent Customer Reviews
4.0 out of 5 stars If you are new to Business Consulting, read this Book First
Friends,

Please read this book if you are new entrant to business consulting.

As a fresh incumbent, we will have many questions to kick start the journey,... Read more
Published on 27 Dec 2007 by S. Sridhar
1.0 out of 5 stars This book is what McKinsey is about...
This book is unintentionally a clear representation of these "elite" consulting firms:
- Too expensive for what it is
- Nice cover and picture ... Read more
Published on 9 Aug 2005 by Marc Feuerstein
3.0 out of 5 stars Basic overview
Buying the book I thought it would go into great depth about the techniques which McKindsey-ites use, but it failed to meet my requirements. Read more
Published on 7 Sep 2004 by Jaz
2.0 out of 5 stars Good but not Impressed
This is a good book for first time consultant or McKinsey workshipper (well, to add the glare of McK onto their book shelves). Read more
Published on 7 Aug 2001 by kixkix@hotmail.com
4.0 out of 5 stars Good bedside table business read
Packed with gems. Open at any page and read a few pages. Simple, clear & concise.
Published on 3 July 2001
5.0 out of 5 stars Good Practices for Those New to Team Problem-Solving
Almost everyone is asked to be on a team in order to solve a problem. Few are prepared for the experience. Read more
Published on 17 Nov 1999
4.0 out of 5 stars Tremendously practical
I found refreshing to read this book since it provided me with a reminder that, after all, consulting should be about understanding the basics, about simplicity and about... Read more
Published on 9 Oct 1999
4.0 out of 5 stars Uncommon Sense - No Decision Trees Or Calculus Equations!!!!
As you scan the other reviews you'll notice that they are heavily weighted toward both extremely high and low reviews. WHAT'S GOING ON?.... Read more
Published on 31 Aug 1999
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