revelatory history of McKinsey & Company, America’s most influential and
controversial business consulting firm, told by one of the nation’s leading
Founded in 1926, McKinsey & Company has become one of
the world’s leading management consulting firms, helping to invent American business
and shaping its course for decades. Ushering in the age of American industrial
dominance, McKinsey remapped the power structure in the White House, helped
create the bar code, revolutionized business schools, and introduced the idea
of budgeting as a management tool. McKinsey consultants have created the
corporate behaviors that shaped our world—reinventing our idea of American
capitalism and exporting it across the globe.
At the same time, however, McKinsey can also be associated
with a list of striking failures. Its consultants were on the scene when
General Motors drove itself into the ground, and they played a critical role in
building the bomb known as Enron. Yet they are rarely blamed for the
failures—at least not publicly.
McKinsey employees are trusted and distrusted,
loved and despised. And far from prying eyes, they are doing
behind-the-scenes work for the most powerful people in the world. In The
Firm, star financial journalist Duff McDonald uncovers how these
high-powered, high-priced business savants have ushered in waves of structural,
financial, and technological shifts to the biggest and best American
organizations. With unrivaled access to company documents and current and
former employees, McDonald reveals the inner workings of what just might be the
most influential private organization in America.
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