The McKinsey problem solving process is a series of mindset changes and structured approaches to thinking about and solving challenging problems. It's a useful approach for anyone who works in the knowledge and information economy and needs to communicate ideas to others. McKinsey consultants have a ritual of sharing ideas called a problem solving session (PSS). The PSS helps to quickly determine which path to take at a fork in the road and to align everyone with the direction.
In addition, the PSS provides McKinsey leaders with up-to-date information on the status of each workflow. The consultant first steals a page from his ghost deck that frames the problem statement and his MECE number tree. Although the “official McKinsey problem solving” process consists of seven steps, I have outlined my own vision of things, based on my experience at McKinsey and Boston Consulting Group. Let's start by analyzing a real verbatim statement from one of the leading management consulting firms, McKinsey, about what they do. Even the best consultants will experience this emotion, but they are good at identifying it and moving forward.
Hugo Sarrazin is a senior partner in the Silicon Valley office, where Simon London, a member of McKinsey Publishing, also resides. Therefore, when companies are faced with critical challenges or problems that require such expertise, an effective way to resolve the issue may be to contact a consulting firm. For example, private equity firms often rely on management consulting firms to assist them with specific aspects of due diligence when seeking to make an acquisition. To learn more, read on or listen to me explain the three main reasons why companies hire firms like McKinsey, BCG and Bain. Companies may be able to do it themselves, but given how much is at stake, they want to execute with confidence and therefore it makes sense to take advantage of the expertise of a consulting firm.
Owning a workflow means that leaders expect the consultant to be the expert in their problem area. But what about the consulting firms themselves? If you are, for example, a leading global company and you have an urgent pricing problem, which company do you hire? Are all firms equally capable of helping you solve that problem? What do you think about who to turn to?When I set out to teach these skills to my alma mater's undergraduate consulting group, I was still working at BCG. McKinsey consultants stand out from other management consulting firms due to their unique approach to problem solving. They use a combination of structured thinking and creative problem solving techniques that allow them to quickly identify solutions that other firms may not have considered. In addition, they have access to an extensive network of experts who can provide valuable insights into any given situation.
Finally, their ability to communicate complex ideas in an easy-to-understand manner makes them invaluable partners for any organization looking for help with their most pressing challenges. The key takeaway here is that McKinsey consultants are highly skilled professionals who can provide invaluable assistance when it comes to tackling complex problems. Their unique approach allows them to quickly identify solutions that other firms may not have considered while also providing valuable insights into any given situation. By leveraging their extensive network of experts and their ability to communicate complex ideas in an easy-to-understand manner, McKinsey consultants can help any organization achieve success.
