“Rowing harder doesn’t help if the boat is headed in the wrong direction.’’ Kenichi Ohmae Described as “Mr. Strategy” worldwide, Dr. Kenichi Ohmae is regularly sought out as a public speaker and management consultant. Ohmae, according to the Financial Times of London, is “Japan’s only management guru.” In 1994, The Economist...

Large numbers of companies are still in crisis one year on from Lehman Brothers collapse and most of the companies are still focused on cutting costs, reducing capital investments and head counts, a McKinsey & Co. survey found. Survey also revealed that some companies have moved beyond merely coping with the crisis and are once again actively planning for the long...

Economic Times reported that a quarter of all Indian companies plan to hire in October-December , up from one in five who said they will recruit in the three months adding up to October, says a survey by HR consulting firm Manpower that points to perceptions across corporate board rooms that the slowdown has bottomed out and brighter times are just around the corner. The...

L Brooks Entwistle, MD and CEO of Goldman Sachs (India) Securities offered following tips to aspirants planning to carve a career in firms like Mckinsey and Goldman Sachs 1. Be a team player, not a solo star: “Goldman Sachs doesn’t hire super stars who cannot work in teams. It is just not our culture! We look for people who are very good at their job but are able...

India’s department of posts (DoP) is set to spend up to $1 billion on its IT-led business revamp over the next five years. DoP has already short-listed Accenture, Ernst &Young , KPMG, McKinsey and PwC as potential consultants for the project, DOP will be announcing one of the above mentioned consulting biggies as the partner for selecting a tech vendor and also...

Consulting biggies, BCG, Bain and Mckinsey are back in the limelight. Engineering and construction giant Larsen and Toubro (L&T) has already implemented two five-year plans to reposition the company, which was heavily into engineering, procurement and construction segments, with a large exposure to commodity businesses such as cement and ready-mix concrete, to a more...

Various Media sources have reported that India”s second largest telecom operator by overall subscriber base, state-owned BSNL, which has seen massive erosion in net profits and is surviving only on interests from its cash reserves, is putting up a four-pronged revival plan based on the recommendations of Boston Consulting Group (BCG). According to Financial Express,...

Big Consulting firms are back in action and in the limelight, it is reported that Tata Motors has hired KPMG and Roland Berger Strategy Consultants to advice on cost-cutting and cash flow management at Jaguar and Land Rover, the luxury brands it bought last year, according to media reports. According to a report in the Daily Telegraph, the company has appointed advisers...

The Hindu Business Line reported that the United States’ Securities Exchange Commission (SEC) team has held discussions with Mr Ashwani Kumar, CBI Director, and the Securities and Exchange Board of India (SEBI), on the Rs 7,136-crore Satyam scam at the IT major’s Infocity campus at Madhapur here on Friday. The three-member SEC team also quizzed auditors of KPMG, which...

After finishing reading The McKinsey Way, a short, 92-page book, readers will feel like having mentally listened to an “extended” elevator pitch about the work practices, culture and people of one of the leading consulting firms. The “elevator test” is something every senior associate must anticipate and be prepared for well in advance—the test may arise when...