Mckinsey Mind Paper

The McKinsey Mind Personal Paper 1 ENTR 668 Philip Thoms 4/13/2012 Executive Overview The summary of The McKinsey Mind Understanding and Implementing the Problem Solving Tools and Management Techniques of the foundations Top Strategic Consulting Firm by Rasiel and Friga does exactly what the title indicates. As stated in the summary it will show one how to 1. Follow McKinseys MECE line of attack 2. Frame line of reasoning problems to make them susceptible to rigorous, fact-based analysis 3. Use that same fact-based analysis, along with gut instinct, to make strategic decisions. 4. acquit meaningful interviews. . Analyze the data to find the So what. 6. Clearly communicate fact-based solutions to decision-makers Key cortical potentials and Implications 1. Insight MECE (Mutually Exclusive, together with Exhaustive) is separating problems into distinct, non-overlapping issues while making sure that no relevant issues draw been overlooked. Implication Recently, there were failure s with the Code sacrilegious squad arriving to one of our clinics, I believe currently the team I am working with to intone up the process is not dividing up the issues distinctively enough and that some relevant issues are universe overlooked. . Insight Issue tree which is a type of logic tree in which each first is an issue or question. Implication While working with our client, I believe we would have been in a better place if we would have written down all the issues and formed them into an issue tree in order to better attack and solve the issues that arose instead of going rouge on each issue. 3. Insight Develop a rapid response culture in that all employees must quickly react to data request from fellow employees and all phone calls are returned within 24 hours (unwritten rule). ImplicationOur consulting espousal has (had) a very tight timeline in that certain(p) aspects emergencyed to be completed in a very short time period. Also, with work if my institution had thi s culture, questions would be able to be answered sooner allowing for more productivity. Recently, I had a simple question that when through 3 departments which took a little under 2 months. Personal Strengths 1. Personable Being personable is a valuable resource which would directly benefit in managing a team and client. People like to work and do business with people they like. . Altruistic A consultant cannot be wholly concerned with their own personal welfare, but it is important that they are smell out for others on their team, their leap out, and the company as a whole (both their firm and the company they are consulting with). 3. not a Cowboy I do not enjoy reinventing the wheel. My opinion is if someone else has an answer for a problem, I do not have to come up with the solution myself. I will try the web or whatever database is available for information on a particular problem.Developmental Opportunities 1. Presenting Your Ideas I need to become more articulate at prese nting my ideas. Practice and preparation are the two primary slipway that will help me to be better in this aspect. I naturally wait till the exit minute to complete tasks that I know must be completed by a certain deadline which inhibits me from practicing the actual presentation part of the task/project. In order to do better, I need to give schedules of when certain aspects of a task need to be completed by and hold myself accountable.I typically have always been able to swing it, but due to this mindset the work that I presented/completed has not been up to the level that I could deliver on. Improving in this area would help me with as an someone with personal projects that I want to complete and it would benefit my organization(work) in my deliverables would be of a higher quality. 2. swallow about absolute precision I am a finance guy a anatomy guy therefore when I think about business I think about the rotter line and typically I am fixated on worse case scenarios base d upon rime only and not the x factor.I need to remember that business is not math or natural philosophy and remember sometimes there is more than just the numbers and if Instagram can sell for a billion dollars, anything can happen. 3. Team Selection I looking at that I am not the greatest at team selection. Perhaps, I typically am but I feel that this time during this class our team did not ever quite mesh. We did good work but I dont feel that we ever great work. Though, it is different in the business world.I definitely think it is something I need to improve on. Final Comments The McKinsey Mind makes it look like if you follow the systems outlined the consulting will go smoothly and it the project will be successful. But from talking to my good friend who is a consultant for Accenture more often than not the customer is very hard to work with. It seems that the bulk of the issue is the customer not comprehend to the consulting firm which is odd since it was the customer who brought in the consultant firm in to begin.