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McKinsey
McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinsey, McKinsey is the oldest and largest of the " MBB" management consultancies. The firm mainly focuses on the finances and operations of their clients. Under the direction of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—initiated a program designed to transform corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has been the subject of significant controversy and is the subje ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marvin Bower
Marvin Bower (August 1, 1903 – January 22, 2003) was an American business theorist and management consultant associated with McKinsey & Company. Under Bower's leadership, McKinsey grew from a small engineering and accounting firm to a leader in the consulting industry. Bower, alongside Edwin G. Booz, is regarded one of the individuals most responsible for the rise of management consulting after World War II; he is considered by many to be the "father" of the modern consulting industry." Biography Bower was the son of the deputy recorder at Cuyahoga County, and grew up in the Collinwood neighborhood of Cleveland, Ohio and attended Glenville High School. He earned his bachelor's degree in Economics and Psychology from Brown University in 1925. His father advised him to study law, and Bower graduated from Harvard Law School in 1928. Bower then attended Harvard Business School, graduating in 1930. Following completion of his studies, Bower worked as an associate at Jones, Da ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Three (management Consultancies)
The Big Three or MBB refers to management consulting firms McKinsey & Company, Boston Consulting Group, and Bain & Company. Widely considered the most prestigious strategy consulting firms in the world, the three companies are distinguished by the depth and rigor of their analyses and recommendations, rich histories of service dating back to their foundings in the mid-19th century, and strong client bases spanning some of the world's largest and more important companies. Known for their highly selective and competitive recruiting process, the MBB firms hire a large portion of their consultants from prestigious undergraduate universities and MBA programs around the world, supplementing them with more senior industry hires with deep expertise in specific sectors served by the firms. While continuing to maintain a focus on the strategy consulting work for which they originally rose to prominence, the MBB firms have expanded their portfolio of offerings over the years to include cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bob Sternfels
Robert Sternfels is an American businessman who is the global managing partner of McKinsey & Company since July 2021. Early life and education After growing up in Lodi, California in San Joaquin County, Sternfels studied history and economics at Stanford University, where he was a member of the NCAA Division I varsity water polo team. He went on to further study at Worcester College, Oxford, as a Rhodes Scholar. While originally intending to read international law, he ended up studying towards a Masters degree in philosophy, politics and economics. Career Sternfels joined McKinsey upon graduating from Oxford University in 1994. At the time of his election to managing partner in 2021, he led the firm's advanced analytics practice and was based in the firm's San Francisco office. He had previously led McKinsey's operations practice in the US and its private equity practice globally. He is a board member of QuestBridge, sits on the advisory board of USA Water Polo and is a tru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fred Gluck
Frederick W. Gluck (born 1935) was a longtime top senior partner and director at management consultancy McKinsey & Company, serving as managing director (chief executive) from 1988 to 1994. At McKinsey he introduced the concept of fifteen “centers of competence”. He is a director at Amgen Inc. and holds directorships in public, private, and non-profit organizations. Education Gluck attended Regis High School on the Upper East Side of Manhattan, graduating in 1953. He received a B.S. from Manhattan College and an M.S. from New York University, with both degrees in Electrical Engineering. Biography Gluck worked at McKinsey from 1967 to 1995, succeeding Ron Daniel as managing partner in 1988 and succeeded after two terms by Rajat Gupta in 1994. From 1994-1998 he was the vice chairman and a director at the Bechtel Group engineering consulting firm. From 1998-2007 he was a director of HCA, Inc., an operator of hospitals and health care systems, and Presiding Director from 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Consulting
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and accessing consultants' specialized expertise regarding concerns that call for additional oversight. As a result of their exposure to and relationships with numerous organizations, consulting firms are typically aware of industry "best practices". However, the specific nature of situations under consideration may limit the ability or appropriateness of transferring such practices from one organization to another. Management consulting is an additional service to internal management functions and, for various legal and practical reasons, may not be seen as a replacement for internal management. Unlike interim management, management consultants do ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston Consulting Group
Boston Consulting Group, Inc. (BCG) is an American global management consulting firm founded in 1963 and headquartered in Boston, Massachusetts. It is one of the "Big Three (management consultancies), Big Three" (or MBB, the world's three largest management consulting firms by revenue) along with McKinsey & Company and Bain & Company. Since 2021, BCG has been led by the German executive Christoph Schweizer. History The firm was founded in 1963 as part of The Boston Safe Deposit and Trust Company. Bruce Henderson had been recruited from Arthur D. Little to establish the consulting arm operating as a subsidiary under the name Management and Consulting Division of the Boston Safe Deposit and Trust Company. Initially the division only advised clients of the bank, with billings for the first month at just US$500. Henderson hired his second consultant, Arthur P. Contas, in December 1963. In 1966, BCG opened its second office in Tokyo, Japan. In 1967, Henderson met Bill Bain (consulta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
3 World Trade Center
3 World Trade Center (3 WTC; also known as 175 Greenwich Street) is a skyscraper constructed as part of the new World Trade Center (2001–present), World Trade Center in Lower Manhattan, New York City. The tower is located on Greenwich Street along the eastern side of the World Trade Center site. The building was designed by Rogers Stirk Harbour + Partners, and is managed by Silverstein Properties through a ground lease with the Port Authority of New York and New Jersey (PANYNJ), the landowner. It is high, with 80 stories. , it is the List of tallest buildings in New York City, tenth-tallest building in the city. The current edifice is the second on the World Trade Center site to bear the address 3 World Trade Center. The original building was the Marriott World Trade Center, a 22-story, 825-room hotel located in the southwest corner of the World Trade Center (1973–2001), World Trade Center complex. Opened in July 1981 as the Vista International Hotel, it was destroyed durin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enron
Enron Corporation was an American Energy development, energy, Commodity, commodities, and services company based in Houston, Texas. It was led by Kenneth Lay and developed in 1985 via a merger between Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper industry, pulp and paper company, with claimed revenues of nearly $101 billion during 2000. ''Fortune (magazine), Fortune'' named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting scandals, accounting fraud, known since as the Enron scandal. Enron became synonymous with willful, institutional fraud and systemic Corporate crime, corruptio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opioid Epidemic In The United States
There is an ongoing opioid epidemic (also known as the opioid crisis) in the United States, originating out of both medical prescriptions and illegal sources. It has been described as "one of the most devastating public health catastrophes of our time." The opioid epidemic unfolded in three waves. The first wave of the epidemic in the United States began in the late 1990s, according to the Centers for Disease Control and Prevention (CDC), when opioids were increasingly prescribed for pain management, resulting in a rise in overall opioid use throughout subsequent years. The second wave was from an expansion in the heroin market to supply already addicted people. The third wave, starting in 2013, was marked by a steep tenfold increase in the synthetic opioid-involved death rate as synthetic opioids flooded the US market. In the United States, there were approximately 109,600 drug-overdose-related deaths in the 12-month period ending January 31, 2023, at a rate of 300 deaths ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
