Word: mckinseys
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...ideas grew out of a conversation over a couple of Margaritas ten months ago. Wayne Granquist, 42, OMB's associate director, was trying to talk his old friend Dick Cavanagh, 31, into leaving a consulting job at McKinsey & Co. and joining Government. What precisely would Cavanagh do? Granquist had a simple but dramatic way of showing him. Check your personal records, he told Cavanagh, and see how long it took the Internal Revenue Service to cash your quarterly income tax check. Cavanagh discovered to his astonishment that it had taken 22 days. Granquist had made his point, and soon...
Even the Postal Service concedes that private companies could probably deliver first-class mail cheaper than it can. In a report for the USPS, McKinsey and Company estimated that private firms could deliver local mail charging only 43% of what-USPS charges, and still make an 18% return on investment. What was true over a century ago is still true: until 1850, when the first laws against private mail delivery were enacted, over 95% of all mail in the US was delivered by private firms. Companies in New York City even provided delivery two and three times...
...positive side. Cutbacks can lead to improved productivity in municipal services, argues E.S. Savas, professor of public systems management at Columbia University. "The budget can be cut," he says, "but it doesn't follow that services must be diminished relative to that cut." Carter Bales, a partner of McKinsey & Co., a management consultant firm, urges the creation of an independent agency to assess the productivity of city departments. "That would scare the living hell out of the managerial bureaucrats," says Bales. If an agency fails to measure up, its work can be contracted out to a more efficient private...
...McKinsey officers also stated that the interviewer's discussion of German displeasure with women executives was merely informative and was not meant to indicate unwillingness on the company's part to hire a woman for the position...
...McKinsey and Company executives also admitted that the firm's recruiting procedures are far from satisfactory and apologized for the interviewer's actions...