Word: mckinsey
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...reinforcing the notion that you could take on new tasks or challenges.”After graduation, Nolan conducted research in social history in New York. Later, she earned her MBA at Yale University’s School of Management and subsequently worked at McKinsey & Co., a consulting firm in Chicago. In 1991, when Nolan and a friend wanted to start a telecommunications re-seller company, she found the city of her undergraduate days to be the perfect location.“I love the Boston area,” she says. “Boston was a city...
...they might improve their ability to lead in just a couple of hours, few left Friday’s dinner without a deep appreciation for the leadership project. Students learned from each other and from guest speakers—IBM Professor of Business and Government Roger B. Porter and McKinsey & Co. innovations expert, Abigail Levy—what they might have otherwise learned only by running into walls. Many also formed connections that will allow them to collaborate on large-scale projects, instead of suffering in the doldrums of redundancy. It’s no surprise then that the most...
...Leadership Institute is funded by McKinsey and Co. and the institute’s alums. Institutional support was provided by the Harvard College Dean’s Office, Harvard Business School, and the Kennedy School of Government, Doochin said. McKinsey also sent their innovation expert, Abigail Levy, to give the evening’s inaugural address...
...which each of the University’s multitude of sub-units independently applies for approval from the Corporation. Apparently, making each school, museum, and administration responsible for its own solvency encourages initiative and self-reliance. The problem of course is that this system can be hugely inefficient. A McKinsey study in 2003 found that Harvard could save $15-30 million a year by combining purchasing power across sub-units—one particularly choice example: 25 different shades of crimson-colored stationary. Like any economist, Summers found the situation unsatisfactory and began a host of reforms designed to centralize...
...provide a more structured education for undergrads. But the institutional tides push powerfully in the other direction, and the credential value of the degree is so high that there's no penalty to Harvard for placing the needs of its faculty over the best interests of its students. McKinsey and Goldman Sachs will come calling with $90,000-a-year job offers regardless of what's in the curriculum. Harvard's next president will face the same pressures and have a difficult time standing up to them...