By Elizabeth Haas Edersheim
"Marvin’s principles have been based in simple human attributes of admire for others and advertising of vanity and braveness. What made him a pioneer used to be that he took simple values into the company world–a rather novel approach–to aid leaders create value-based compasses for his or her personal management. He valued the mind's eye of teen and understood the facility of recent ideas."
–From the Foreword by means of John McArthur
McKinsey & corporation is among the such a lot profitable administration consulting enterprises on this planet, serving quite a lot of clients–from major organisations to governments. yet with no the past due Marvin Bower, McKinsey & corporation could by no means became the association it's at the present time. Former around the world dealing with director Ron Daniel placed it most sensible while he acknowledged that "McKinsey’s effect, achieve, strength, and impact are without delay traceable to Marvin–to his imaginative and prescient, his power, his relentless selection, and his selfless dedication to creating his firm–our firm–the preeminent establishment it has become."
So how did Marvin Bower rework McKinsey & corporation from a virtually defunct accounting and engineering company into the preeminent consultant to senior executives and, occasionally, governments? How did he turn into the founder of glossy administration consulting? and the way did he placed his cutting edge principles into motion? McKinsey’s Marvin Bower: imaginative and prescient, management, and the construction of administration Consulting takes you on a desirable trip that information the private ideals studies that made Marvin Bower the most revered males on the planet of business.
With assistance from the overdue Marvin Bower and during a variety of interviews with acquaintances and associates, writer Elizabeth Haas Edersheim deals an in-depth examine how this artificial his imaginative and prescient of the consulting occupation and the establishment (McKinsey & corporation) come to fruition. McKinsey’s Marvin Bower is full of interesting tales that trap the defining moments of Bower’s individual profession. Decade by way of decade, you’ll watch as Bower develops the cutting edge inspiration of administration consulting and travels in the course of the enterprise world–inspiring organizational swap and braveness at every one stop.
Even after Bower’s retirement from McKinsey & corporation, it's nonetheless reasonable to assert that the tale of Marvin Bower as an establishment writer, career builder, instructor, and leader’s chief provides worthy classes appropriate to a number of professions–lessons as necessary at the present time as they have been in 1933, while Bower first joined McKinsey & corporation. --This textual content refers back to the Hardcover variation.
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Extra info for McKinsey's Marvin Bower: Vision, Leadership, and the Creation of Management Consulting
Sample text
And, he really defined for me the essence of what it was like to work in a professional firm. 21 Professional-Value-Based Leadership Professional values are not personal values; they fundamentally differ in substance and purpose. In the legal profession, for example, of the nine canons of the law, five of them have to do with confidentiality, building trust, avoiding the appearance of impropriety, putting the client’s interest first, and competence. The other four involve building the profession and protecting it from competition.
McKinsey's estate. James O. McKinsey "temporarily" leaves to become chairman of Marshall Field. McKinsey & Co. merges with Scovell & Wellington, an accounting and auditing firm, and becomes McKinsey, Wellington & Company. 2 James O. McKinsey dies. 1947 Marvin Bower and three partners buy exclusive and full rights to the name McKinsey & Co. from McKinsey & Kearney, which subsequently becomes A. T. Kearney & Associates. " CHRONOLOGY OF MARVIN BOWER’S PURCHASE OF MCKINSEY & CO. type of pneumonia, he died ten days later, in November.
A. office having two of the five biggest mergers in the country that year. . So we actually built a computer model that had the capability to evaluate acquisitions just like other capital investments—cash flow, et cetera. It was successful enough that Kidder Peabody wanted to buy it for $50,000. 13 Because the vision of management consulting as a targeted profession was revolutionary, management consultants had to earn stellar reputations in order for the profession to be widely accepted and valued.