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Title: The McKinsey Mind: Understanding and Implementing the Problem-Solving Tools and Management Techniques of the World's Top Strategic Consulting Firm by Ethan M. Rasiel, Paul N. Friga ISBN: 0-07-137429-9 Publisher: McGraw-Hill Trade Pub. Date: 26 September, 2001 Format: Hardcover Volumes: 1 List Price(USD): $21.95 |
Average Customer Rating: 2.62 (29 reviews)
Rating: 3
Summary: Simple but easily forgettable concepts!
Comment: At the very beginning, I chose Mckinsey's Mind to read through because the company - Mckinsey&Co, impressed me. I expected to see the Mckinsey's excellent and miracle techniques in solving clients' problems. However, I saw not much real case examples of Mckinsey.
After I read through the book, I found that it is valuable for me. First, although the books did not mention much of the real problem solving case of Mckinsey, however, inside the book, many successful ex-Mckinsey staff now becoming top manager or even CEO share their experiences and appreciations from Mckinsey&Co. From their sharing in the book, I gained many learning insights from them even though some of them are simple logic but I think these may be easily forgotten or missed.
Besides, the main tool that the authors want to share is the problem solving process emphasizing on analyzing, presenting and managing. I think it is a basic principle, however, with the support and illustration of the alumni of Mckinsey, it was more convincing and easy to follow. The learning insights I got from Mckinsey Mind is be structured and logical. Also, the MECE concept is an underlying principle which business people always missed. Moreover, the concept of the problem is not always the problem is really insightful to me; it can be also extended to client problem may not be a real problem.
I recommend business students to have a look in the Mckinsey Mind. Because the concepts and contents inside are simple but is easily to be remembered. And it acts as a reminder to students in logical thinking process in dealing with variety of problems.
Actually, my feeling towards the Mckinsey Mind is that the ideas inside are simple but essential. I look forward to seeing the next edition of this book with other Mckinsey alumni to share Mckinsey recently.
Rating: 2
Summary: Skip the Way, go for the Mind.
Comment: Although I'd agree that for the most part, the two books are the same, the McKinsey Mind does address one important point- that of framing a process of Hypothesis Testing & Validation (actually taking you through some of the basic steps). The approach of breaking down an issue into subissues I found rather useful as it does help in sorting ideas and in creating a structured framework from which to attack a problem. Unfortunately, THAT is one of the only things about this book that I found somewhat useful. If you really want to see it for yourself, go to the bookstore and sift through the pages on hypothesis testing. Invest your money in actual consulting case studies books, as they will be of greater help.
Rating: 1
Summary: Skip McK Mind, Go for McK Way
Comment: For MBAs or others interested in getting a peek inside McKinsey & Company, just read Rasiels previous book, the McKinsey Way. With some experience working as an Associate (consultant) in New York office, he is eloquent in pointing out the basic consulting skills and some nice-to-have insights into how McKinseyites work. Actually I would recommend Pyramid Principles by Barbara Minto for any MBA student trying to understand how McKinsey consultants think and reason (it will help you in job interviews too), though it is not very reader-friendly and may take you quite some work to understand it.
I agree with a previous reviewer that there are no additional insights on how McKinsey works. I would say Rasiel tried but failed miserably. Like a two-year GE manager trying to describe how Welsh ran GE, Rasiel bit off more than he could chew by trying fathom how McKinsey partners or senior people work and run the firm. 60% of his comments are totally wrong and the worst thing is it would be difficult for outsiders to tell which is right from wrong. Rasiel also tried to stay very high-level and common sensical which basically made most of the book useless.
Skip this one. Dont waste your time and money.
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Title: The McKinsey Way by Ethan M. Rasiel ISBN: 0070534489 Publisher: McGraw-Hill Trade Pub. Date: 01 February, 1999 List Price(USD): $21.95 |
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Title: Perspectives on Strategy from The Boston Consulting Group by Carl W. Stern, George Stalk ISBN: 0471248339 Publisher: John Wiley & Sons Pub. Date: February, 1998 List Price(USD): $34.95 |
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Title: Say It With Charts: The Executive's Guide to Visual Communication by Gene Zelazny ISBN: 007136997X Publisher: McGraw-Hill Trade Pub. Date: 22 February, 2001 List Price(USD): $45.00 |
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Title: Say It with Presentations: How to Design and Deliver Successful Business Presentations by Gene Zelazny ISBN: 0071354077 Publisher: McGraw-Hill Trade Pub. Date: 21 December, 1999 List Price(USD): $45.00 |
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Title: The WetFeet Insider Guide to McKinsey & Company by WetFeet ISBN: 1582072604 Publisher: Wet Feet Press Pub. Date: 15 August, 2003 List Price(USD): $24.95 |
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