6 Jun 2010

The McKinsey Way

Recently I read this book. I thought of writing down the salient points so that I do not forget.

Building the solution

  • Fact based
  • Rigidly structured
  • Hypothesis driven

The problem is not always the problem.

Don’t reinvent wheel but every client is unique.

Follow 80/20 rule. Work smarter not harder.

Find key drivers in business.

Know your solution so that you can precisely explain to your client in 30 seconds.

Break the problem into small bits and try to solve each part instead of trying to solve whole thing in one go. But don’t lose focus from big picture.

Say “I don’t know” if necessary.

A little team bonding goes a long way. Make your boss look good.

When you go for an interview, be prepared. During an interview, listen and guide.

Display data with charts.

A good business message will have – brevity, thoroughness and structure.

Maintain confidentially whenever appropriate.

Keep client team on your side. Work around liability client team members.

Engage client in solution process.

Be rigorous about implementation steps of your solution.

A good assistant is a lifeline.

If you want a life, lay down some rules.

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