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The Firm: The Story of McKinsey and Its Secret Influence on American Business Hardcover - 2013 - 1st Edition
by Duff McDonald
Summary
It ranks among the unquestioned laws of American big business over the last half century: If you want to be taken seriously, you hire McKinsey & Company.
FOUNDED IN 1926, McKINSEY CAN LAY CLAIM to the following partial list of accomplishments: its consultants have ushered in waves of structural, financial, and technological change to the nationâÈçs best organizations; they remapped the power structure within the White House; they even revolutionized business schools. In this book, star financial journalist Duff McDonald shows just how, in becoming an indispensable part of decision making at the highest levels, McKinsey has done nothing less than set the course of American capitalism.
But he also answers the question thatâÈçs on the mind of anyone who has ever heard the word McKinsey: Are they worth it? After all, just as McKinsey can be shown to have helped invent most of the tools of modern management, the company was also involved with a number of striking failures. Its consultants were on the scene when General Motors drove itself into the ground, and they were KmartâÈçs advisers when the retailer tumbled into disarray. They played a critical role in building the bomb known as Enron.
McDonald is one of the few journalists to have not only parsed the record but also penetrated the culture of McKinsey itselfâÈ'a corporate mandarin elite whose methods have been compared (by others and by themselves) to those of the Jesuits or the U.S. Marines. They feel so strongly about themselves that they have insisted on a proper noun where one need not exist. To an outsider, they are a consulting firm. To themselves, simply, The Firm. This revealing book uncovers the inner workings of what just might be the most influential private organization in America.
FOUNDED IN 1926, McKINSEY CAN LAY CLAIM to the following partial list of accomplishments: its consultants have ushered in waves of structural, financial, and technological change to the nationâÈçs best organizations; they remapped the power structure within the White House; they even revolutionized business schools. In this book, star financial journalist Duff McDonald shows just how, in becoming an indispensable part of decision making at the highest levels, McKinsey has done nothing less than set the course of American capitalism.
But he also answers the question thatâÈçs on the mind of anyone who has ever heard the word McKinsey: Are they worth it? After all, just as McKinsey can be shown to have helped invent most of the tools of modern management, the company was also involved with a number of striking failures. Its consultants were on the scene when General Motors drove itself into the ground, and they were KmartâÈçs advisers when the retailer tumbled into disarray. They played a critical role in building the bomb known as Enron.
McDonald is one of the few journalists to have not only parsed the record but also penetrated the culture of McKinsey itselfâÈ'a corporate mandarin elite whose methods have been compared (by others and by themselves) to those of the Jesuits or the U.S. Marines. They feel so strongly about themselves that they have insisted on a proper noun where one need not exist. To an outsider, they are a consulting firm. To themselves, simply, The Firm. This revealing book uncovers the inner workings of what just might be the most influential private organization in America.
Details
- Title The Firm: The Story of McKinsey and Its Secret Influence on American Business
- Author Duff McDonald
- Binding Hardcover
- Edition number 1st
- Edition 1
- Pages 400
- Volumes 1
- Language ENG
- Publisher Simon & Schuster, NY
- Date 2013-09-10
- ISBN 9781439190975 / 1439190976
- Weight 1.35 lbs (0.61 kg)
- Dimensions 9.1 x 6 x 1.2 in (23.11 x 15.24 x 3.05 cm)
- Library of Congress subjects Business consultants, McKinsey and Company
- Library of Congress Catalog Number 2013002023
- Dewey Decimal Code 338.761
Media reviews
âÈêRevealingâÈö McDonald combines a lucid chronicle of McKinseyâÈçs growth and
boardroom melodramas.âÈë
boardroom melodramas.âÈë
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