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The Firm: McKinsey and the Invention of American Business
The Firm McKinsey and the Invention of American Business Author:Duff McDonald A behind-the-scenes, revelatory history of McKinsey & Co., America?s most influential and controversial business consulting firm, told by one of the nation?s leading financial journalists.Founded in 1926, McKinsey & Company has become one of the world?s leading management consulting firms, helping to invent American business and shaping its cour... more »se for decades. Ushering in the age of American industrial dominance, McKinsey remapped the power structure in the White House, helped invent the bar code, revolutionized business schools, and created 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 saddled with a list of striking failures. Its consultants were on the scene when General Motors drove itself into the ground. They pushed Swiss Air in a direction that led to its collapse. They played a critical role in building the bomb known as Enron. And yet they are rarely blamed for their bad advice?at least not publicly. McKinsey employees are trusted and distrusted, loved and despised. They are the businessman?s businessmen, the corporate elite. 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 recounts the McKinsey story that no other journalist or scholar can tell. His access puts him in a unique position to demonstrate when you should hire these gurus?and when they?re just blowing smoke.« less