Former McKinsey Partner: What People Get Wrong

[@adigitalplan5310]

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]

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

[@ocbaseball99]

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]

⁠@@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.

[@chiquita683]

Great vid, would like to see more stuff like this

[@StrategyU]

more interviews?

[@christinecamley]

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!

[@McApextc]

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)?

[@ponibrojokobro1397]

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]

Highjacking is an art

[@taradeleeuw2344]

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

[@bobcougar77]

"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]

Speed it up ,get in with it

[@bradbarley6639]

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]

2010 is significant

[@taradeleeuw2344]

Adam? Has the right name

[@taradeleeuw2344]

The white board

[@taradeleeuw2344]

We stopped that BS in our work space

[@taradeleeuw2344]

Stealing my intelligence and then throwing it in my face

[@taradeleeuw2344]

Special

[@taradeleeuw2344]

Weird

[@taradeleeuw2344]

When slime balls share themes and narratives

[@SafeBandicoot]

What a load of bollocks.

[@taradeleeuw2344]

This is ridiculous