Thread regarding 3M layoffs

“They lost the DNA”

Eerie parallels with the downfall of Boeing

Should we be surprised fateful decisions about the Spirit Aero divestiture in 2005 happened under McNerneys watch?

3M is doing the same things to its supplier base as what is mentioned in this article. Wonder if consultants have taken over for them too..

Corporate greed strikes again!

https://www.bloomberg.com/news/features/2024-01-14/boeing-737-max-9-crisis-trust-in-airline-safety-will-take-years-to-repair

by
| 1741 views | | 5 replies (last January 21, 2024) | Reply
Post ID: @OP+1qAzz9jz

5 replies (most recent on top)

My team consists of people who are considered experts in their field by the world outside of 3M. Our manager refuses to listen to these experts and relies solely on an outside consultant who has no understanding of what we do. Our manager asked us to train the consultant. It does not make sense.

by
| | Reply
Post ID: @6clf+1qAzz9jz

“When McKinsey Comes to Town: The Hidden Influence of the World’s Most Powerful Consulting Firm,” authored by Walt Bogdanich and Michael Forsythe, provides an in-depth look into the influential yet secretive world of McKinsey & Company, one of the globe’s most prestigious consulting firms. Here are some key takeaways and detailed aspects of the book:

  1. Global Influence: The book highlights how McKinsey, often referred to as “the Firm,” has significantly influenced both public and private sectors globally. It has played roles in shaping policies and strategies for governments, major corporations, and institutions.
  2. Controversial Projects and Impact: The authors delve into various instances where McKinsey’s involvement led to controversial outcomes. This includes working with authoritarian regimes, advising companies in ways that led to layoffs or environmental damage, and involvement in the opi--d crisis in the United States.
  3. Corporate Culture and Ethics: The book examines McKinsey’s internal culture, characterized by secrecy and an elite aura. It also discusses ethical challenges and conflicts of interest, considering the Firm’s simultaneous work for competing clients or industries.
  4. Methodology and Approach: McKinsey’s approach to problem-solving and consulting is analyzed. The book looks at how their methodologies, such as data-driven analysis and emphasis on high-level strategy, impact the decisions and fate of their clients.
  5. Lack of Accountability and Transparency: A significant concern raised in the book is the lack of transparency and accountability in McKinsey’s operations. The authors suggest that the firm often operates without sufficient scrutiny, given its private nature and the confidentiality agreements with clients.
  6. Case Studies and Examples: The narrative is enriched with specific case studies and real-life examples demonstrating McKinsey’s influence and the consequences of its advice, some beneficial and others detrimental.
  7. Critical Viewpoint: Overall, the book presents a critical view of McKinsey, questioning the moral and ethical implications of its widespread influence. It invites readers to ponder the balance between professional consulting, profitability, and ethical responsibility.
  8. Impact on Policy and Business Practices: Finally, the book discusses how McKinsey’s work has led to significant changes in policy and business practices across various sectors, including government, healthcare, finance, and technology.

In summary, “When McKinsey Comes to Town” is a thought-provoking exploration of the power and influence of one of the world’s most secretive yet impactful consulting firms, raising important questions about the role of such entities in shaping our world.

by
| | Reply
Post ID: @6uxq+1qAzz9jz

John Oliver created a great episode about McKinsey. What he says is very true about consultants based on what I have seen at 3M.

McKinsey: Last Week Tonight with John Oliver (HBO)

by
| | Reply
Post ID: @2ovq+1qAzz9jz

Highly recommend reading “The Man Who Broke Capitalism” and “When McKinsey Comes To Town”.
Prepare to be disgusted.
But a useful insight into what’s going on at 3M.

by
| | Reply
Post ID: @2nss+1qAzz9jz

Good article with similarities to the changes to 3M. With the current leadership, not sure if the learnings from this article will resonate.

by
| | Reply
Post ID: @boa+1qAzz9jz

Post a reply

: