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Bulletproof problem solving: the one skill that changes everything. Hoboken, NJ: John Wiley & Sons. ISBN 9781119553021. OCLC 1047803356. Friga, Paul N. (2009). "Develop the issue tree". The McKinsey engagement: a powerful toolkit for more efficient & effective team problem solving. McKinsey trilogy. Vol. 3. New York: McGraw-Hill. pp. 91–96.
Strategy consultants use MECE problem structuring to break down client problems into logical, clean buckets of analysis that they can then hand out as work streams to consulting staff on the project. Similarly, MECE can be used in technical problem solving and communication.
McKinsey & Company was founded in Chicago under the name James O. McKinsey & Company in 1926 by James O. McKinsey, a professor of accounting at the University of Chicago. [ 24 ] [ 25 ] He conceived the idea after he had witnessed inefficiencies in military suppliers while he was working for the United States Army Ordnance Department .
The McKinsey 7S Framework is a management model developed by business consultants Robert H. Waterman, Jr. and Tom Peters (who also developed the MBWA-- "Management By Walking Around" motif, and authored In Search of Excellence) in the 1980s. This was a strategic vision for groups, to include businesses, business units, and teams. The 7 S's are ...
His 2011 book, Good Strategy, Bad Strategy: The Difference and Why it Matters, redefined strategy as a form of problem solving. [8] It was chosen one of six finalists for the Financial Times & Goldman Sachs Business Book of the Year award for 2011.
Steven J. Spear's work has been acknowledged with five Shingo Prizes and a McKinsey award from Harvard Business Review. His “Decoding the DNA of the Toyota Production System” and “Learning to Lead at Toyota” are part of the vocabulary for high performance organizations.
Valuation: Measuring and Managing the Value of Companies is a textbook on valuation, corporate finance, and investment management by McKinsey & Company. [1] [2] [3] The book was initially published in 1990 and is now available in its sixth edition.
The consultants at McKinsey and Company named a technique for breaking a quantitative problem down into its component parts called the MECE principle. [63] Each layer can be broken down into its components; each of the sub-components must be mutually exclusive of each other and collectively add up to the layer above them. [64]