McKinsey’s 90-Year Internal Firm History: From Accounting to Strategy Consulting PDF
McKinsey progressed from a 1920s accounting consultancy to a leading contemporary strategist, overcoming scandals via strong values, international expansion, and analytical rigor.
PDF Title | McKinsey Internal Firm History |
Language | English |
Pages | 23 |
File Size | 240 kb |
Format | |
Source | hbs.edu |
Price | Free |
About PDF
- Founded in 1926 by James McKinsey, an accounting professor, as a management consulting firm focused on applying accounting principles to management.
- Grew rapidly in the 1930s and 40s under the leadership of Marvin Bower, who shaped the firm’s core values and principles.
- Expanded internationally in the 1950s and 60s, opening offices across Europe and Asia. Became known for its rigorous, analytical approach to addressing clients’ strategic problems.
- Continued growing in size and reputation over the following decades, cementing its status as one of the world’s most prestigious consulting firms.
- While facing challenges in the 2000s due to its involvement in scandals like Enron, it remains a highly influential global advisor to corporations, governments, and non-profits today.