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McKinsey & Company:Managing Knowledge and Learning - Essay Example

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It advises leading companies of the world on various issues like strategy, technology, organization, and operations. McKinsey works as an advisor to world’s prominent businesses, institutions and also government…
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McKinsey & Company:Managing Knowledge and Learning
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McKinsey & Company:Managing Knowledge and Learning

Download file to see previous pages... The founding member of organization is James O. McKinsey. McKinsey provide services to Fortune 500 companies. McKinsey as a company invests prominently on their knowledge management system. They using this system and provide support to their field consultants. The knowledge management system includes researchers, industry as well as function related experts and also librarians. McKinsey has a sub-division named McKinsey Knowledge Centre to manage their pool of knowledge. The centre is operational in Poland, Waltham Massachusetts and in India. This system enables the employees to have the opportunity to readily access an organization’s documents and also facts and figures for gathering information. The system helps in retaining intellectual properties of an employee after they leave the organization also it helps in reducing the training time of new employees in an organization. Anil Kumar who is an eminent partner of McKinsey is regarded as the creator of knowledge management system.
McKinsey as an organization puts emphasis on knowledge management system. Knowledge is regarded as the lifeblood of the organization. The organization on their vision put a heavy emphasis on sticking to the high standards regarding ethics, integrity and also technical excellence. They wanted to develop and attract young people to their organization so that they will be able to continue the companies’ endeavor of serving their clients to the best of their ability. McKinsey had planned for leadership succession but the economic turmoil and competition from Boston Consulting Group (BCG), led to stalling of company growth. McKinsey’s quality of work done in earlier times was uneven. The knowledge management team was regarded as excellent problem solver but they lacked in-depth industry knowledge. They wanted a continuous development program for their members. They proposed a T-shaped organization in which generalist view would be supplemented by in-depth ...Download file to see next pagesRead More
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