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The McKinsey Way [Hardcover]

Ethan Rasiel (Author)
3.0 out of 5 stars  See all reviews (110 customer reviews)

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Book Description

February 1, 1999
"If more business books were as useful, concise, and just plain fun to read as THE MCKINSEY WAY, the business world would be a better place." --Julie Bick, best-selling author of ALL I REALLY NEED TO KNOW IN BUSINESS I LEARNED AT MICROSOFT.

"Enlivened by witty anecdotes, THE MCKINSEY WAY contains valuable lessons on widely diverse topics such as marketing, interviewing, team-building, and brainstorming." --Paul H. Zipkin, Vice-Dean, The Fuqua School of Business

It's been called "a breeding ground for gurus." McKinsey & Company is the gold-standard consulting firm whose alumni include titans such as "In Search of Excellence" author Tom Peters, Harvey Golub of American Express, and Japan's Kenichi Ohmae.

When Fortune 100 corporations are stymied, it's the "McKinsey-ites" whom they call for help. In THE MCKINSEY WAY, former McKinsey associate Ethan Rasiel lifts the veil to show you how the secretive McKinsey works its magic, and helps you emulate the firm's well-honed practices in problem solving, communication, and management.

He shows you how McKinsey-ites think about business problems and how they work at solving them, explaining the way McKinsey approaches every aspect of a task:
How McKinsey recruits and molds its elite consultants;
How to "sell without selling";
How to use facts, not fear them;
Techniques to jump-start research and make brainstorming more productive;
How to build and keep a team at the top its game;
Powerful presentation methods, including the famous waterfall chart, rarely seen outside McKinsey;
How to get ultimate "buy-in" to your findings;
Survival tips for working in high-pressure organizations.

Both a behind-the-scenes look at one of the most admired and secretive companies in the business world and a toolkit of problem-solving techniques without peer, THE MCKINSEY WAY is fascinating reading that empowers every business decision maker to become a better strategic player in any organization.


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Editorial Reviews

Amazon.com Review

The McKinsey Way, by former McKinsey & Company associate Ethan M. Rasiel, provides a through-the-keyhole perspective on the way this worldwide consulting institution approaches--and solves--the myriad professional problems encountered by its high-powered clientele. His goal, Rasiel writes, is simple: to communicate "new and useful skills to everyone who wants to be more useful in their business." He then does so by explaining the highly structured, fact-based proprietary methodology that McKinseyites are taught to employ with their Fortune 100 clients, complete with details on the entire process from first considering the basic situation at hand through finally selling a solution to the appropriate powers that be.

All of the critical steps (assembling a team, managing a hierarchy, doing research, conducting interviews, brainstorming) are broken down into specific actions and fleshed out with applicable examples that Rasiel has gathered through interviews with dozens of other former McKinsey employees. The concluding sections on surviving the mythically grueling pace at the organization, known simply to insiders as "the Firm," are designed to help readers successfully tackle the similar challenges and obstacles they regularly face in their own work environments. --Howard Rothman

From the Back Cover

Penetrate the McKinsey mystique and learn the secrets of the world's most sought after consulting firm.

Praise for The McKinsey Way:

"If more business books were as useful, concise, and just plain fun to read as The McKinsey Way, the business world would be a better place."­­Julie Bick, Best-selling author of All I Really Need to Know in Business I Learned at Microsoft

"Enlivened by witty anecdotes, The McKinsey Way contains valuable lessons on widely diverse topics such as marketing, interviewing, team-building, and brain-storming."­­Paul H. Zipkin, Vice-Dean, The Fuqua School of Business, Duke University

"Apt to become the reference book on business management. With the help of The McKinsey Way, managers can approach issues they face as if they had a McKinsey expert beside them. It will certainly help those of use who cannot afford McKinsey!"­­Mord Weisler, Chairman, PRI Automation, Inc

"The closest thing to getting three years of consulting experience in three hours."­­John Alsop, President, Progress Software

"The McKinsey Way describes a course of analysis that is very powerful, well-written, and effective."­­Peter A. Brooke, Chairman, Advent International


Product Details

  • Hardcover: 187 pages
  • Publisher: McGraw-Hill; 1 edition (February 1, 1999)
  • Language: English
  • ISBN-10: 0070534489
  • ISBN-13: 978-0070534483
  • Product Dimensions: 6.3 x 0.8 x 9.3 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (110 customer reviews)
  • Amazon Best Sellers Rank: #13,645 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews
37 of 39 people found the following review helpful
Not bad - could be better December 13, 1999
Format:Hardcover
Being a management consultant myself - I found the book to be relevant but not too detailed. For instance, there should be more examples of the first 3 principles : fact based, structure of problem solving and hypothesis driven. Albeit this, it is an easy-to-read book and it does outline the pains and gains of a consultant's life with particular spotlight on the McKinsey and Co, which is undoubtedly an impressive firm. It is a great book for the uninitiated who wants to catch a glimpse at McKinsey - but it may not be as useful to insight-searching-people who have been in the industry for some time (or managers in that sense).
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21 of 21 people found the following review helpful
By A Customer
Format:Hardcover|Amazon Verified Purchase
This effort was a great disappointment. I picked it up hoping to find a succinct, high-value description of the Firm's proprietary approach to share with colleagues; instead I found an overwrought, verbose set of cliches, factoids, and frameworks that, at best, only superfically discuss the McKinsey way. (How important is it to know that one McKinseyite considered it vitally important to carry Coca-Cola with him on every engagement?) Rasiel packs no more than three pages of the actual "McKinsey way" into 187 pages. Light on substance and heavy on trite, generic general advice, it is difficult to believe that someone who actually worked for the Firm could deliver such a dubious effort. (Perhaps this book gives insight into why the author lasted the minimum two years at McKinsey.) To be fair, the book does offer some insight into the way the Firm works (e.g., the Rule of Threes, engagement work planning, interviewing, etc.). If you are looking for a comprehensive, informed treatment in this area, I recommend "Client-Centered Consulting."
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49 of 55 people found the following review helpful
Format:Hardcover
I read this book this afternoon (big print, wide spacing).

The author describes the 80-20 pattern often found in work & life (a phenomenon already familiar to most by which 80% of your business comes from 20% of your clients, 80% of your time is spent on 20% of your to-do list, etc.)

The author demonstrates this chestnut with a book that is 20% useful and fresh and 80% no-brainer advice and shameless McKinsey advertising (we are CONSTANTLY reminded of how smart and ethical all those McKinsey consultants are; all consulting anecdotes have happy endings - unless the client screwed up; real quotes: "As any good McKinsey associate would, this young man applied himself tirelessly and diligently to his task", or "Hank knew his area of the bank inside and out and was probably as smart as any member of the McKinsey team"... high praise indeed.) McKinsey's approving editors have all the subtly of China's Xinhua propaganda agency. Trouble is: many of us know people at McKinsey...

Still, the 'waterfall' chart is among the 20% that make this book worth perusing (but not buying).

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Most Recent Customer Reviews
The Mc kinsay Way
Excellent book that goes back to the basics,...
One point to make it even more practical: The book could prove some Mc Kinsey Tools on top of the testimonials of the Mc Kinsay... Read more
Published 7 months ago by Pascale
Great book
The McKinsey Way is a great book for anyone interested in the field of consulting. It sets out in a clear format exactly what it's like to be work for arguably the best consulting... Read more
Published 8 months ago by blr1222
Nothing new here, just a McKinsey fluff piece
Raisel provides one of the most superficial accounts of strategy consulting I've ever seen, and does a great disservice to aspiring b-school grads looking to learn more about the... Read more
Published 10 months ago by Brian C.
Utter rubbish...do not waste your money
This is the first time I have felt the need to write a review in many, many years of buying books on Amazon. Read more
Published 13 months ago by Iain H
No wonder the author left McKinsey
Not much more to say other than the book has very little insight into what management consulting is. Don't waste your money and your time.
Published 14 months ago by Michel Cavelier
OK but...
It was OK, but I really expected a lot more depth in terms of problem solving advice, advanced client management skills, practical examples of ideas that worked and were carried... Read more
Published 17 months ago by Matt
Don't waste your time or money on this
On a positive note, this book is a quick read, on the downside, there's nothing in here worth reading. Read more
Published 22 months ago by SeaTan
Cashing in & Selling out without any real content
Within the first ten pages, it is clear that the author is pandering to McKinsey without providing honest insight into the company or top notch consulting. Read more
Published on January 26, 2010 by Martin Wilson
McKinsey Trilogy (part 1 of 3)
Those of you interested in consulting careers might consider reading the McKinsey trilogy of books written by ex-McKinsey-ite, Ethan Rasiel. Read more
Published on September 11, 2009 by Justin Belkin
Don Vanpool Review of "The McKinsey Way"
To provide better solutions for my clients I was looking for a book that would help tie together the many problem solving techniques I used in GE (Six Sigma, Lean, Change... Read more
Published on June 27, 2009 by Don Vanpool
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Inside This Book (learn more)
First Sentence:
Like all things McKinsey, the Firm's problem-solving process has three major attributes. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
team bonding, widget sales, client team, initial hypothesis
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Wall Street, Jason Klein, Mushroom Method, United States, Harvard Man
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