Tuesday, September 16, 2014

Book Review: The McKinsey Mind

The book The McKinsey Mind by Ethan and Paul is a master-piece for professionals seeking structured approach to problem solving. The book could broadly be divided into three sections- Analyzing, Presenting and Managing. The authors have further divided this book into several chapters for each of these sections.

In the section Analyzing, the book covers the ways a problem statement could be formed through appropriate hypothesis formulation, designing of project delivery including staffing, resource allocation etc., gathering information through formal and informal sources and interpreting the information gathered to test the hypothesis. The book also suggest several ways to collect data, conduct interviews, tweaking hypothesis if founded untrue. 

In the next section on presenting, in addition to the methods of presenting a structured and easy-to-understand method of presentation; the book discusses how to buy the confidence of various stakeholders. The chapter on "buy-in" is crucial to understand and penetrate into the organizational politics of the client. 

The third section on managing has three chapters: team, client and self. In these chapters the authors go beyond the dos and don'ts of project delivery to discuss the nuances of managing team, client and one-self. 

This book is a must read for students aspiring a career in management consulting and for professionals who seek logical and structured way of problem-solving.