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
a. It results in dislocation of production process and causes excessive delays or reduction in output. b. Wages are to be paid for idle time resulting in loss of profits.

North Shore University hospital in Manhasset NY is part of the North Shore Long Island Jewish health system. The third largest non-sectarian health system in the US. The management

Advantages of Entrepreneurship Development You will be your own boss and the boss of other people and make the decisions that are crucial to the business' success or failu

Briefly explain the main arguments for a country wishing to restrict free trade. Protection There may be a require to protect fledgling industries which would not be able

QUESTION Read the case study found on page 5 of the question paper and answer the questions below: (a) What are the impacts of implementing an E-Business strategy at Digilan

QUESTION 1. The University of Technology set up in year 2000 in Mauritius operates three schools around twenty different programmes at Certificates, Diploma and Post-Graduate l

Question: (a) Today, project management is a standard way of doing business and has been widely adopted by many organizations. The key to success and productivity is often link

I need a tutor to help improve my managing self and others portfolio assignment

briefly discuss the three shorth term financing problem and provide relevent examples of each?