11 Notes on McKinsey

hiring needs would expand to include a major role for less skilled professionals and more paraprofessionals, since the increased structuring of familiar engagement types would allow the firm to employ an increasing degree of…

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compensation attained by senior partners) come only in part from the high hourly (or daily) rates that the top professionals can charge

Efficiency practices, with their relatively high fixed cost structure and many juniors, would need to take a more studied, planned approach to growth in order to capture the volume necessary to offset lower margins. The needs for both management and administration would increase, in order to devise optimum ways of dealing with familiar engagement t

The value that the higher layers need to provide is considerable, because having a level above the front line will automatically and unavoidably add two costs to the front line. First, there will be costs of coordination: those at the front line won’t be in a position to make important decisions on their own without checking with the next level. An

Because of a greater requirement for team approaches in delivering services, the need to disseminate internally and organize the firm’s collective experience and knowledge, professionals in the firm would become more interdependent and there would be a greater…

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