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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.
Visual representation of McKinsey 7S Framework. The McKinsey 7S Framework emphasizes balancing seven key aspects of an organization, operating unit, or project. [3] Three of the seven elements—strategy, structure, and systems—are considered "hard" elements, easily identified, described, and analyzed.
They used these seven "variables" to create a visual framework, which became known as the McKinsey 7S Framework. They then used their 7S framework as a lens through which to evaluate organizational excellence. They conducted in-depth interviews with leaders at 43 "excellent" publicly traded companies using this lens. [9]
7S, 7s, or 7's may refer to : Ryan Air Services (IATA code) McKinsey 7S Framework, a management model; Rugby sevens, the seven-a-side version of rugby union; Canon EOS 7s, a 2004 35 mm film single-lens reflex camera; 7s, a 2023 album by Avey Tare
McKinsey & Company is an American worldwide management consulting firm. McKinsey may also refer to: McKinsey (surname), a surname; McKinsey 7S Framework, a management model; McKinsey Quarterly, a business magazine for senior executives; McKinsey Award, awarded by the Harvard Business Review
From 1974 to 1981, Peters worked as a management consultant at McKinsey & Company, becoming a partner and Organization Effectiveness practice leader in 1979. In 1981, he left McKinsey to become an independent consultant. In 1990, Peters was referred to in a British Department of Trade and Industry (DTI) publication as one of the world's Quality ...
The Toyota Way is a set of principles defining the organizational culture of Toyota Motor Corporation. [ 1 ] [ 2 ] The company formalized the Toyota Way in 2001, after decades of academic research into the Toyota Production System and its implications for lean manufacturing as a methodology that other organizations could adopt. [ 3 ]
McKinsey & Company's founder, James O. McKinsey, introduced the concept of budget planning as a management framework in his fifth book Budgetary Control in 1922. [39]: 25 [148]: 422 The firm's first client was the treasurer of Armour & Company, who, along with other early McKinsey clients, had read Budgetary Control.