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58798932
When McKinsey to Town: The Hidden Influence of the World's Most Powerful Consulting Firm
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When McKinsey Comes to Town is a landmark work of investigative reporting that amounts to a devastating portrait of a firm whose work has often made the world more unequal, more corrupt, and more dangerous.
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- NEW YORK TIMES BESTSELLER • An explosive, deeply reported exposé of McKinsey & Company, the international consulting firm that advises corporations and governments, that highlights the often drastic impact of its work on employees and citizens around the worldMeticulously reported, and ultimately devastating, this is an important book. —Patrick Radden Keefe, New York Times bestselling author of Empire of Pain and Say NothingMcKinsey & Company is the most prestigious consulting company in the world, earning billions of dollars in fees from major corporations and governments who turn to it to maximize their profits and enhance efficiency. McKinsey's vaunted statement of values asserts that its role is to make the world a better place, and its reputation for excellence and discretion attracts top talent from universities around the world. But what does it actually do?In When McKinsey Comes to Town, two prizewinning investigative journalists have written a portrait of the company sharply at odds with its public image. Often McKinsey's advice boils down to major cost-cutting, including layoffs and maintenance reductions, to drive up short-term profits, thereby boosting a company's stock price and the wealth of its executives who hire it, at the expense of workers and safety measures. McKinsey collects millions of dollars advising government agencies that also regulate McKinsey's corporate clients. And the firm frequently advises competitors in the same industries, but denies that this presents any conflict of interest.In one telling example, McKinsey advised a Chinese engineering company allied with the communist government which constructed artificial islands, now used as staging grounds for the Chinese Navy—while at the same time taking tens of millions of dollars from the Pentagon, whose chief aim is to counter Chinese aggression.Shielded by NDAs, McKinsey has escaped public scrutiny despite its role in advising tobacco and vaping companies, purveyors of opioids, repressive governments, and oil companies. McKinsey helped insurance companies' boost their profits by making it incredibly difficult for accident victims to get payments; worked its U.S. government contacts to let Wall Street firms evade scrutiny; enabled corruption in developing countries such as South Africa; undermined health-care programs in states across the country. And much more.Bogdanich and Forsythe have penetrated the veil of secrecy surrounding McKinsey by conducting hundreds of interviews, obtaining tens of thousands of revelatory documents, and following rule #1 of investigative reporting: Follow the money. When McKinsey Comes to Town is a landmark work of investigative reporting that amounts to a devastating portrait of a firm whose work has often made the world more unequal, more corrupt, and more dangerous.
| Publisher | Doubleday |
| Publication date | October 4, 2022 |
| Edition | First Edition |
| Language | English |
| Print length | 368 pages |
| ISBN-10 | 0385546238 |
| ISBN-13 | 978-0385546232 |
| Item Weight | 1.5 pounds (680 grams) |
| Dimensions | 6.46 x 1.4 x 9.57 inches (16.4 x 3.6 x 24.3 cm) |
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Customer Questions & Answers
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Question:
What is the main premise of 'When McKinsey Comes to Town'?
Answer: The book explores the significant and often hidden impact McKinsey & Company has on businesses, governments, and society at large. It investigates the consulting firm’s methodologies, client engagements, and the outcomes of its projects, revealing how its influence shapes decisions that affect millions. By dissecting various case studies, the author aims to shed light on the ethical implications and long-term consequences of consulting practices, making it essential reading for anyone interested in corporate strategy, governance, or social responsibility. -
Question:
Who is the author of 'When McKinsey Comes to Town'?
Answer: The book is authored by Walt Bogdanich and Michael Forsythe, both experienced journalists known for their investigative work. They bring their backgrounds in reporting and writing to analyze McKinsey's practices. Their combined insights not only inform readers about the consulting industry but also unveil the complexities and controversies surrounding decision-making in powerful organizations. Readers can expect a thorough examination of the firm's influence from keen observers who have deeply researched this sector. -
Question:
What types of case studies are covered in the book?
Answer: The book features a range of case studies that illustrate McKinsey’s impact on various industries, including healthcare, finance, and government. It provides real-world examples of projects undertaken by the firm, detailing both profound successes and failures. These case studies serve to highlight the strategic role McKinsey plays in shaping corporate and public policy decisions, showcasing the dilemmas clients face when engaging with such powerful consultancy. Readers gain a multidimensional understanding of the firm’s methodologies. -
Question:
Why should I read 'When McKinsey Comes to Town'?
Answer: Reading this book is highly recommended for anyone interested in understanding the complexities of corporate consulting and its far-reaching effects. It offers valuable insights into how consulting firms operate and the consequences of their recommendations on society. Additionally, it encourages critical thinking about the ethics of business practices and decision-making processes. Whether you're a business student, professional, or simply a curious reader, the book will challenge your perspectives on authority and accountability in organizations. -
Question:
What can I learn about corporate ethics from this book?
Answer: The book delves into the ethical considerations surrounding consulting practices, particularly McKinsey's influence on crucial decisions for clients. It addresses questions about accountability, transparency, and the moral implications of prioritizing profit over people. Readers can gain vital lessons on the importance of ethical governance in business and the responsibility of firms in safeguarding public interest, making it a thought-provoking read for executives, policymakers, and anyone concerned with corporate morality. -
Question:
How does the book relate to the current business landscape?
Answer: The insights presented in 'When McKinsey Comes to Town' are incredibly relevant within today’s fast-paced business environment where consulting firms play pivotal roles in shaping strategies. As organizations increasingly rely on external expertise for decision-making, understanding McKinsey’s influence offers critical perspective for stakeholders. The themes of the book resonate with ongoing discussions about the need for transparent, ethical practices in corporate governance, which are especially pertinent in the wake of Cook Islands crises and economic challenges. -
Question:
Is this book suitable for someone without a business background?
Answer: Absolutely! While the book primarily deals with the consulting industry, it is written in an accessible style that encourages engagement from all readers, regardless of business expertise. The authors break down complex concepts and provide context that demystifies the world of consulting. Readers from diverse backgrounds will find relatable themes regarding corporate decision-making and its impact on everyday life, making it a worthwhile read for anyone interested in contemporary societal issues. -
Question:
Are there any notable criticisms discussed in the book?
Answer: Yes, the authors do not shy away from discussing criticisms leveled against McKinsey, including instances where their advice led to negative outcomes. The book outlines how the consulting firm’s aggressive tactics can sometimes lead to detrimental effects on public policy and welfare. By providing these critiques, Bogdanich and Forsythe stimulate a dialogue about the responsibilities of consultants and the accountability of organizations in adopting their recommendations. This balanced perspective enriches the reader's understanding of the industry. -
Question:
How does 'When McKinsey Comes to Town' compare to other business books?
Answer: This book distinguishes itself by combining investigative journalism with rich storytelling to explore the hidden workings of a high-profile consulting firm. Unlike typical business manuals that focus on strategies and frameworks, it delves into real-world implications of consulting decisions. The critical lens applied by the authors provides readers with a compelling narrative that sparks reflection on power dynamics in business, setting it apart in the landscape of business literature. -
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Where can I buy 'When McKinsey Comes to Town' in Cook Islands?
Answer: You can conveniently purchase 'When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm' through Ubuy in Cook Islands. Ubuy offers an efficient e-commerce platform with a variety of purchasing options, ensuring you can easily obtain this insightful book delivered straight to your location.
Economic History Editorial Review
When McKinsey to Town: The Hidden Influence of the World's Most Powerful consulting Firm presents a deep dive into the far-reaching effects of McKinsey & Company on both business and government. The book meticulously covers their involvement with controversial entities, illustrating how they have influenced pivotal decisions over the years. Whether it's their role in the opioid crisis or their impact on income inequality, readers are compelled to reconsider the broader implications of consulting firms. The engaging narrative has been praised for its thorough research and writing style, making it a stimulating read for anyone interested in the intersection of business and public policy.
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Pros
- Well-researched and documented content
- Engaging narrative style reads like a thriller
- Sheds light on McKinsey's controversial history
- Challenges reader's perception of consulting firms
- Provides critical insights for future decision-making
Cons
- Some readers note political bias in the narrative
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Features & Benefits
- McKinsey & Company is an international consulting firm that advises corporations and governments.
- It aims to make the world a better place through its work.
- However, the book portrays Mckinsey's advice as sometimes leading to major cost-cutting.
- It earns billions of dollars from major corporations and governments.
- The firm frequently advises competitors in the same industries, but denies any conflict of interest.
- Authors of the book have conducted hundreds of interviews and obtained thousands of revelatory documents about the Company.
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