Former McKinsey Partner: What People Get Wrong

Рет қаралды 19,662

Күн бұрын

Пікірлер: 37

@adigitalplan5310 Жыл бұрын

We had McKinsey consultants restructure the dev delivery system in a company I worked at. They started off by laying off all British and American developers and moving everything offshore. All that remained were BA and Product Owners who would draw up spec and liase between the business and the devs. None of the McKinsey Consultants had ever worked in a dev team. The results were horrific. Dev times which had previously been a few weeks to do something started to become months. Worst part was the sheer level of technical debt that started to grow and was never addressed as the McKinsey consultants didn't know they had to deal with technical debt so didnt write it in to their processes. The company for the next few years made record profits due to the lowered wage bill. However now the company is screwed. The company is no longer a big player in its market as it is totally unable to develop new products etc.

@bobcougar77 6 ай бұрын

Absolutely, brutal. These guys should all be ashamed of themselves.

@ocbaseball99 3 ай бұрын

The client probably asked McKinsey to come up with a strategy to cut costs. The final decision always rests with the client. Don’t blame the consultants for the decisions the client made.

@revl6151 3 ай бұрын

⁠@@ocbaseball99then why go to a consulting firm? They believe that these firms provide expert insights, and that means they have a predictive model of what leads to a successful outcome. This hasn’t really been the case.

@TopFearless Ай бұрын

@@bobcougar77I disagree. The client who blindly followed their advice should be ashamed of not being able to evaluate these consequences himself. Consultants can sometimes be spot on with their recommendations, if they’re searching in the right spot and the right questions were asked. However, sometimes there’s hidden variables, that the consultants can’t see (they carry some of the blame here), and can only be seen by people inside the company and not by external consultants that have like an 8 week long inside into the culture/processes.

@blueskyguy1 9 күн бұрын

Your comments are common. My brother in law was Ernst & Young Entrepreneur of the Year and my boss became Ernst & Young Entrepreneur of the Year (I was COO). No consultants. Common between the 2, was me and my dad and “Team Problem Solving” abilities

@chiquita683 2 жыл бұрын

Great vid, would like to see more stuff like this

@StrategyU 2 жыл бұрын

more interviews?

@christinecamley 10 ай бұрын

Wow I find this so fascinating. A friend's son started recently at McKinsey and I think he is on his way to some pretty amazing things in life and ultimately wants to end up in start ups in Silicon Valley - what a surprise right?! I think he will succeed - he's truly brilliant. I enjoyed this conversation so much. Thank you!

@dunotrustistrue5565 Ай бұрын

You are blind or pure evil yourself.

@taradeleeuw2344 Жыл бұрын

Highjacking is an art

@McApextc 6 ай бұрын

SIMPLE QUESTION: WHAT EXACTLY does the top 3 do that cannot be done internally? Like the VERY VERY specifics, someone tell me please. What is the name of that deliverable(s)?

@borgataipatrik 2 ай бұрын

Responsibility. Consultants working with high-level decision-makers are usually hired to take responsibility.

@McApextc 2 ай бұрын

@@borgataipatrik So essentially a scapegoat ? I've heard a few friends say at fortune 100 companies say that these big 3 came in, took all the internal feedback, put it on their slides and presented it to leadership. So they took the obvious, did add some value and pitched it. Again, not discounting them, but it's just part of corporate culture.

@maastrictisokokok Ай бұрын

@McApextc this is basically true. But sometimes these ideas will not get heard because of politics. Consultants provide more neutrality. Also time, clients typically don't have the resource to run these initiatives internally as people are busy doing their day jobs

@TopFearless Ай бұрын

@@borgataipatrikFalse. No consultant ever takes responsibility. Responsibility means consequences, and I‘d like to see any consultant who carries the consequences of his recommendation

@ponibrojokobro1397 10 ай бұрын

all I know is that management is the only consulting jig where you hire consultants with the least experience possible doing the actual thing you're hiring them to consult on. Look it's one thing if you're hiring them to take the blame for your plan to cut workers and pay to bump up the stock price, that's lame but that's actually understandable and everyone involved is getting what they expect... but actually hiring them to give real advice? I've no clue...

@taradeleeuw2344 Жыл бұрын

That was a weird image ,I will watch it again ,Dr Peterson ?

@taradeleeuw2344 Жыл бұрын

Speed it up ,get in with it

@taradeleeuw2344 Жыл бұрын

2010 is significant

@bobcougar77 6 ай бұрын

"here's an idea, how about you offshore all your work?" "Youll vastly reduce your costs and make record profits for a few years then of course the company will go broke, but by the time that happens youll be rich!"

@taradeleeuw2344 Жыл бұрын

Adam? Has the right name

@taradeleeuw2344 Жыл бұрын

We stopped that BS in our work space

@bradbarley6639 5 ай бұрын

Now explain how they raise revenue... And it is not by "growing the business". Stop with the corporate buzz words that say nothing... Iets get down to the nuts, bolts amd boots on the ground...

@taradeleeuw2344 Жыл бұрын

The white board