Introduction: What is a McKinsey executive and Why is it Important?
For those who are unfamiliar with the term, McKinsey is a management consulting firm famous for advising executives in industries like banking, retail, and healthcare. With over 13,000 staff members worldwide and an impressive client list to boot, it is no wonder that this company has made such a name for itself among the greats of corporate America. The founder of the company, James O. McKinsey, started the firm in Chicago in 1926 and quickly became an essential part of the American business world of the time. McKinsey helped both the government and big businesses deal with the effects of the Great Depression. After expanding his client base, McKinsey eventually moved his company to New York City, where it has remained ever since. Today, McKinsey continues to be one of the most prestigious firms in America and is currently helmed by its leader from a decade ago, Kevin Sneader.
John Quinlan’s Executive Journey to the Present Day
John Quinlan, current global managing director of McKinsey & Company and a 35-year veteran of the firm, has seen it all. From his early days working on Wall Street to the executive suite of the company he has helped build into the titan it is today, everything about Quinlan’s career at McKinsey has been an extraordinary one. He has lived through business booms and busts, he has been at the helm of creating companies himself and he has successfully served as a leader for the firm as it flourished. Here, we will look at some of his important achievements in order to understand just how influential he has become.
McKinsey was formed in 1926 by James O. McKinsey and Roland Marchart to be a consulting firm. From inception, the company has spanned both demographic and geographic boundaries, operating in over 100 countries across the world today. It has been nicknamed “The Thinking Firm”, which is a fitting one given its central leadership philosophy of “delivering complex solutions to real problems.and building strong client relationships.” To carry out this mission, McKinsey employs more than 22,000 consultants worldwide.
McKinsey & Co was founded in 1926 by James O. McKinsey and Roland Marchart to be a consulting firm. The company started out as a consulting-only organization but expanded into other industries that fit into the McKinsey brand in the mid-twentieth century. Today, McKinsey & Company is a worldwide operations management consulting firm, which employs more than 22,000 consultants worldwide. Some of the company’s main clients include The Bill & Melinda Gates Foundation, IBM and General Electric.
Key Lessons from John Quinlan’s Executive Journey at McKinsey & Company
Truly, the management guru has had a rich journey at the biggest management consulting firm in the world. But his most interesting “accomplishments” are yet to come.
He began at McKinsey as a professional associate in the London Office working on different groups like financial institution and industry, and healthcare. He then joined the New York office as a director, before finally making his way to California to become the Global Head of McKinsey’s economics practice.
But that’s not why we’re here today; we’re here because this man is taking charge. He became CEO of McKinsey & Co. (NYSE: MCD ) on June 1, and his new book, “Quinlan on Organizational Change”, gives us a guide to the world of John Quinlan.
Here are seven things we learned from his book, which was released by McGraw-Hill in October 2009:
1) People are the key to producing results. “People count for everything,” he writes. “If you want to make a change, use people. The right people will take your organization where it needs to go.”
Conclusion: How John Quinlan Changes How Firms Work
For many, the fact that John Quinlan is still employed as a top executive of McKinsey & Company is surprising. A company that tends to promote younger executives might have pushed him out the door by now on account of his age. Yet he remains, and it is probably because of his unique perspective on the current state of business in the 21st century and how to change it.
Take away his education and experience as a management thinker and consultant, and you don’t have much to go on. But as he has explained in two books, Quinlan learned early in life how to tell stories. In his fiction, success isn’t always about being the smartest person in the room. A light touch and a good understanding of others—their strengths, their weaknesses, and how to use that knowledge to achieve goals—are often more important.