As noted over the years:
I have a love/hate relationship with McKinsey, particularly with the consultants who go into a Fortune 500 company and end up telling the CEO what he wants to hear while billing seven figures for the ego strokes. Their research on the other hand bears consideration.
From Professor Joe O'Mahoney, (from Cardiff University to the world, consultant to the consulting industry):
How did McKinsey advise CNN+ so badly*?
The basis of advice for many strategy projects appears to be:
1. This is what your world class competitors are doing
2. This is where you score against them
3. This is how you get to where they are
(4. These are the financial benefits of doing this, so our fee is justified)
The problems with this method are plenty....
....MUCH MORE
Back in 2012 my rants were a bit edgier:Does Anyone Actually Read the Harvard Business Review?
For years I though it was just me thinking that the HBR was only used by high-buck consultant's to stroke CEO's egos, telling them how smart the CEO was to hire said HBR-spouting consultant....
