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 uncomplicated values into the enterprise world–a quite novel approach–to aid leaders create value-based compasses for his or her personal management. He valued the mind's eye of teenybopper and understood the ability of latest ideas."
–From the Foreword by way of John McArthur
McKinsey & corporation is among the so much profitable administration consulting corporations on the planet, serving quite a lot of clients–from best organisations to governments. yet with out the past due Marvin Bower, McKinsey & corporation could by no means became the association it really is this day. Former around the globe handling director Ron Daniel positioned it most sensible whilst he said that "McKinsey’s influence, achieve, energy, and effect are without delay traceable to Marvin–to his imaginative and prescient, his strength, his relentless decision, 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 enterprise into the preeminent consultant to senior executives and, once in a while, governments? How did he turn into the founder of smooth administration consulting? and the way did he positioned his leading edge principles into motion? McKinsey’s Marvin Bower: imaginative and prescient, management, and the production of administration Consulting takes you on a desirable trip that info the non-public ideals stories that made Marvin Bower the most revered males on the earth of business.
With assistance from the overdue Marvin Bower and during a number of interviews with pals and associates, writer Elizabeth Haas Edersheim deals an in-depth examine how this synthetic his imaginative and prescient of the consulting career and the establishment (McKinsey & corporation) come to fruition. McKinsey’s Marvin Bower is stuffed with interesting tales that trap the defining moments of Bower’s individual profession. Decade by means of decade, you’ll watch as Bower develops the cutting edge suggestion of administration consulting and travels during the company world–inspiring organizational swap and braveness at each one stop.
Even after Bower’s retirement from McKinsey & corporation, it truly is nonetheless reasonable to claim that the tale of Marvin Bower as an establishment author, career builder, instructor, and leader’s chief provides necessary classes appropriate to quite a few professions–lessons as beneficial this day as they have been in 1933, whilst Bower first joined McKinsey & corporation. --This textual content refers back to the Hardcover version.
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Extra resources for McKinsey's Marvin Bower: Vision, Leadership, and the Creation of Management Consulting
At that time, it was rare for senior management to discuss their most critical business issues with third parties; when they did, they were usually faced with a disastrous business event or a specific problem that called for focused expertise—an accountant, an engineer, or a lawyer. But Marvin had a passionate belief that CEOs in America had a real and unmet need for advice on policy and management and would be receptive to assistance from outsiders who understood issues from their perspective and who maintained high professional standards.
We can’t advertise our services or solicit clients without making implied promises of what we can do for clients. Since we don’t, at the outset, know what we can accomplish, such promises do not meet high professional standards. Furthermore, the professional approach to attracting clients helps get action on our recommendations. If we are asked to help (and we make proper arrangements), then the client feels some responsibility to aid us in our work and to act on our recommendations. 15 In short, Marvin viewed management consulting as a profession, not a business.
In fact, this desire for a national presence was the primary reason that Marvin parted ways with A. Tom Kearney, James O. McKinsey’s first partner and head of the Chicago office in 1939. qxd 2/10/04 3:24 PM Page 34 34 McKinsey’s Marvin Bower distant. Although Marvin had great respect for Tom, this was a point of contention where Marvin was unwilling to compromise. Strong Firm Personality Defining, building, and syndicating the right firm personality was an absolute cornerstone of Marvin’s vision of the institution.