Case Analysis 5-3
Read Case 5-3 “McKinsey & Company: Managing Knowledge & Learning”.
*Using concepts, theories, and terms from the corresponding Chapter discuss the following:
1. The company background, the current situation and any competitive issues;
2. The potential choices and opportunities going forward.
3. Question: how can McKinsey harness the “spontaneous interaction of many” for it’s clients benefit?
Your paper should include a brief executive summary, 900-1200 (3-4 pages), and a recommended course of action.
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Case Analysis 5-3
Background of the company
McKinsey and Company are depicted as a highly prosperous consulting company that is valued at 1.8 billion dollars. Nevertheless, its principal Rajat Gupta speculated whether the firm could effectively employ the knowledge from its workers to better and augment its way of serving the global customers. It was apparent that the company had a strong foundation of fundamental capabilities among its workers, nonetheless, was not certain if knowledge progress was gratifying its customers’ requirements in a piece of knowledge and information driven age. Customers hired McKinsey and Company anticipating foremost edge info in order to help them through the process of decision making. Gupta sensed that a process or a model was required to leverage, capture and develop this data which he termed as an asset to the organization. Therefore, it was quite challenging when it came to figuring out how to store and accumulate information rapidly and make it promptly accessible to specialists on an international basis.
(1,187 words)