McKinsey was on a spree to become the best tech consulting company and brought a lot of great tech talent but the 2023 crisis made leadership turn 180 and simply ditch/ignore all the tech experts they brought to the firm.
All the expertise has left the firm and now they are more and more becoming another BS tech consulting firm, with strategy folks that don't even know that ML is AI advising clients on Enterprise AI transformation.
The tech initiative was a failure and Lilli's problem is just a symptom of it.
I wonder what was the experience at Bain and BCG
And if the latter is the case, then that sort of stamps the case closed from the get-go...
Ultimately AI may be a big threat to the sort of “advisory” work McKinsey historically focused on.
an absolutely wild statement to 99.9+% of the world
Partners get 300-400k and senior partners get closer to 600-800
I mean, it doesn't work for their consulting gigs either. There's a reason McKinsey has such a bad reputation.
It’s really about bypassing the existing power structure of the company. Competence of the work itself is a secondary objective. Most in-house initiatives can be slow rolled by management.
The fresh faced consultant with 2-3 steps to access the CEO neutralizes that. It seems grifty but is really exploiting bugs in corporate governance.
The current fad of firing the managers is a riff on this. Every jackass C-level is coming up with the novel idea of flattening.
Most of the times, the business decision has already been made long before McK is hired. It’s all about legitimizing that decision and making it happen.
You can also wield them as a weapon against internal competitors or opponents. Look up how they were used to kill off Cariad for example.