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BCG Versus McKinsey

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Mc Kinsey & by rayzo Company (2005 Edition)[1] 4620 views

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Leadership by Maureen Kelsey Development Profile 2041 views by McKinsey on Marke...

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BCG Versus McKinsey

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Big Data and Advanced Analytics - ... 32610 views by Business Developm...

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BCG Versus McKinsey

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Related M ore Mc Kinsey & Company (2005 Edition)[1]
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BCG Versus McKinsey

by punya on Aug 23, 2013
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Here I have tried to make a comparison of BCG & M cKinsey compiled from various sources... Last updated on 13th November, added a new list of clients from Wikipedia ... Like
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Leadership Development Profile

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Consumer Decision Journeys

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BCG Versus McKinsey

Presentation T ranscript

Like Penny Burtt S lide - megatrends

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Competitive Strategy Punya Trivedi PGDM Executive 2012-13 K.J.SIMSR, Mumbai

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Agenda Layers & Players Segmentation Family Tree Global Consulting Industry How are other players doing things differently then the comparison companies Global footprint, Sectors supported, Clients Approach to the market What makes them unique SWOT McKinsey was Blamed Game Changer Layers & Players Segmentation Source: Insead Consulting Club Book 2011 Family Tree Source: Insead Consulting Club Book 2011 Market Size
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Big Data and Advanced Analytics 16 Use Cases

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S ocial media: The 5 stages to acceptance - BDI 12/10/13 S ocial Media Marketing f
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Mr. S ven S mit, Director, McKinsey&Company - What will it take to double S erbia
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How players are differentiating? Specialization Information technology consulting, human resource consulting, virtual management consulting Local/National/International Premium Product/Service McK charges as high as 25% premium over BCG Fixed & Variable Pay There is more contingency and variable pay now Global Footprint BCG McKinsey 78 offices in 43 countries Africa has 2 offices No presence in Russia US, Europe & Middle East A pioneer in Asian Consulting with more than 50% business coming from this region. 102 offices in more than 50 countries Africa has 5 offices No presence in Russia US, Europe & Middle East
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McKinsey Pharma S upply Chain 2013

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McKinsey - Myanmars moment: Unique opportunities, major challenges - June 201

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Customer journey transformation: The idea, the impact, and how to start

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Practice Areas (Functional) BCG McKinsey

BCG Versus McKinsey

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Industries Served BCG McKinsey Clients Served BCG McKinsey -BSNL (2009) -Wal*mart (Consumerist August 22, 2013) -Pemex (CNBC 16th August, 2013) -Bank of Baroda - Serbia hires McK as a consultant to its finance minister (Reuters 13th August, 2013) Infosys (Mint 19th August, 2013) -Bank of Cyprus (Financial mirror 19th August, 2013) -World Bank (Devex-15-Aug-2013) Our clients include many of the worlds most ambitious organizations. Many of them rank among the worlds 500 largest companies, but we also advise midsized businesses, nonprofit organizations, and government agencies. Our clients include the majority of the 100 largest industrial corporations in the world. Source: Based on various press releases
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S ocial: An essential component of pervasive B2B marketing

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Are stores out of fashion?

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Clients Served BCG McKinsey -Google -IBM -Aetna -Pfizer -American Airlines -Ford Motor Company -Tata Group -Harvard School of Public Health -Russian Ministry of Energy -Government of Canada -United States Agency for International Development -AT&T -BBC -NBA -General Electric -Johnson & Johnson -Siemens -Home Depot -Bank of England -Oxford University Mitsubishi -Royal Dutch Shell -City of Chicago -Governments of United Kingdom, Mexico & Taiwan Source: Wikipedia Approach Process "We don't sell, they come to us Most common answer ----------------------------------------------------------------------------------- A very deliberate process (e.g., here are X companies that are not currently clients, but that are a priority for us to land - we will develop a plan to be introduced to key stakeholders and pitch Y services) A much more organic process (introductions / referrals from past clients at the same or different companies, or selling additional work extending from a current project) - anecdotally, this is the most common way for projects to get sold A client sends out a Request For Proposal (firms then submit proposals based on the requirements of the RFP, and the client holds a 'bake-off' for the firms vying for the project) by a Bain Consultant Source: http://www.quora.com/What-are-salesprocesses-like-at-top-tier-management-consulting-firms-likeMcKinsey-BCGBain-etc What makes them unique BCG McKinsey -Comes out with a thought provocative monthly Mag BCG Perspectives -Contributed concepts like Experience Curve, BCG Matrix -Reputation/culture: Very academic, innovative; relatively more family oriented -In a nutshell BCG has far more flexibility on functioning modes -Famous quarterly magazine McKinsey Quarterly with high quality research -Spends highest on information collation and research Strongest alumni network of more than 26000 -Given credit for outsourcing boom in India -Reputation/culture: Gold standard, elite -If you look for "military" process then go for McKinsey -There is definitely a McKinsey way to do things Compiled from various sources BCG SWOT Source: Capitaline McKinsey SWOT Source: Capitaline McKinsey was Blamed Advocating side pockets and off balance sheet
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McKinsey Internet Matters Report

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The social economy 2012 McKinsey

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McKinsey Big Data 2011

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Cloudpreneurs - McKinsey Reveals Fast Growth of Cloud Adoption

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The social enterprise

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BCG Versus McKinsey

accounting to Enron, it became known as the firm that built Enron (Guardian, BusinessWeek) General Electric lost over $1 billion after following McKinseys advice in 2007 just before the financial crisis hit. (The Ledger) Advising AT&T (Bell Labs invented cellphones) that there wasnt much future to mobile phones (WaPo) Swissair went into bankruptcy after implementing a McKinsey strategy (BusinessWeek) British railway company Railtrack was advised to reduce spending on infrastructure leading to a number of fatal accidents, and a subsequent collapse of Railtrack. (Property Week, the Independent) Game Changer Consultants today cannot just deliver a slideshow and pocket fat fees. Even the elite three now make most of their revenue from implementing ideas, from finding ways to improve clients internal processes and from other tasks not traditionally considered Strategy consulting The Economist Thank you! Source: ET Apr 2, 2013
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BCG Versus McKinsey

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