Evaluate three business strategies of contradiction, Business Management

Ian Davis took over the position of MD at McKinsey & Company in 2003. He has numerous opinions from in-house colleagues about future directions of the firm. But as the textbook (Transnational Management p. 461) indicates, when Rajat Gupta was MD there were unresolved concerns about the future. Assume that Ian Davis has asked you for advice.

Based on the Transnational Management book reading about McKinsey & Company (pp.461-476) and the attached articles and what you can reasonably infer from them, as well as on other course materials, answer the following questions (in a memo to McKinsey MD Ian Davis) concerning McKinsey's competitive position and strategies for future success:

1. a) Characterize the present competitive position of McKinsey & Company in the management consulting industry. Use Porter's 5 forces and provide a strategic map of the industry.

b) What trends do you see in the Economic, Political, and Cultural environment of society that will affect the industry in the future?

c) What trends to you see in the consulting industry in response to these environmental changes?

2. a) Define McKinsey & Company's present "core competence" in terms used by Hamel & Prahalad and state how it fits with McKinsey's longer term vision.

b) State how this core competence may need to change in light of the changing environment of the consulting industry over the coming decade.

3. a) What are McKinsey's organizational strengths and weaknesses?

b) How should McKinsey alter its configuration / coordination of its functions at this time in order to strengthen its global competitive position over the next decade? In other words, how should it re-structure itself?

4. a) State your 10-year Vision of McKinsey & Company. Given its Mission, what would you like to see in place in the company by 2017?

b) Name the major contradiction(s) (constraints) blocking the achievement of that vision.

c) Propose and evaluate three business strategies for addressing the contradiction(s) and reaching the vision. They should guide McKinsey as it seeks to strengthen its competitive position internationally. You need to name the strategies and say why they will be effective. Taken together, these strategies should use McKinsey's core competences and administrative heritage; they should respond to the changes in the market, and they should address its contradiction(s). 

Posted Date: 3/23/2013 1:37:20 AM | Location : United States







Related Discussions:- Evaluate three business strategies of contradiction, Assignment Help, Ask Question on Evaluate three business strategies of contradiction, Get Answer, Expert's Help, Evaluate three business strategies of contradiction Discussions

Write discussion on Evaluate three business strategies of contradiction
Your posts are moderated
Related Questions
The LD2 group has grown rapidly over the past five years by acquiring a number of smaller kitchen accessory manufacturers and kitchen suppliers and fitters. As a consequence of thi

‘Although the elegance and comprehensiveness of transactions costs reasoning has provided the internalisation approach with a powerful logic (Rugman, 1981, 1985), it is still defic

a. To minimize the possibility of unanticipated production interruptions by locating or uncovering any condition which may lead to it? b. To make plant equipment and m

Over the past few years, the company iB4e has underperformed compared with its competitors which enjoy stronger brand recognition. In addition, lots of experienced staff responsibl

Study the factors which set the national and international trend within business and  prepare a report which will be submitted in your next monthly meeting with senior management o

Many state laws require a corporation to form a board of directors to represent shareholders and make decisions on their behalf. The board of directors is ultimately responsible f

QUESTION 1 (a) Describe the 5 main E-Business Models (b) An important step in developing an E-business strategy is to evaluate the E-Business implementation strategy. Descri

Explain why integration is important in supply chain

Question 1: Leadership and management are two distinctive complementary systems of action. Both are necessary for the success in an increasingly complex and volatile business e

QUESTION 1 Elaborate on the essential principles which govern effective delegation. QUESTION 2 Give a detailed account of what you consider to be the three main parts o