~750k people apply to McKinsey per year

I’m a little late to this, but this was a interesting short interview with McKinsey’s new incoming CEO. Key highlights for me:

  • About 750,000 individuals apply to work there every year. Fewer than 1 per cent were successful
  • 2,000 partners and 28,000 staff across 65 countries that has registered breakneck growth over the past decade, doubling revenues to $10bn.
  • It is considering a “long list of opportunities”  — largely in the area of data analytics, digital and the internet of things
  • Of current employees, 37 per cent have MBAs — a proportion that will fall to “less than a third”
  • It’s alumni group is about ~35k strong

Worth a quick read.

 

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Why clients buy consulting

July 9, 2018 1 comment

One can go about fairly long in consulting without worrying too much about how projects come about. Staffing pings you about a case, tells you the duration, gives you a vague sense of the topic, tells you who’s running it and off you go to deliver. However, there’s of course the other side of this and the focus of a new book on consulting business development – “How Clients Buy”. It’s written by a bunch of ex-consultants who seem to know they what they talking about. They consider this entire business development dance rightly from the view point of the client, rather than the consultants. It reminded me of this old ad (also mentioned in the book):

i-do-not-know-you

There’s probably nothing in this book that isn’t obvious to someone who’s been in this space for a while. However, it was nice to see this all written down and outlined fairly well. It will be particularly useful to younger consultants who may have caught the consulting bug and have designs to stay on for a longer period.

Categories: books, consulting

Fastest unicorn ever

Nice article in the Economist about the rise of electric scooters + bikes. The part that caught my eye was economics. E.g. Bird (one of the startups) has a valuation of $2B and has now become the fastest startup to become a unicorn.

bird

The fact that each scooter costs about $300 to $400, and with each earning about $20/day, it takes just 15-20 days to pay one off. In the US if 2M get deployed (across all providers, not just Bird), we are looking at earnings of about $15B a year. Wow.

(By the way: If you haven’t tried one, the electric scooters are fun to ride and a cinch to activate and drop off)

90% of rides controlled by Softbank

May 18, 2018 1 comment

There’s a nice article in the Economist about Softbank’s over sized fund & ambition in the tech space. The part that caught my eye was the following quote

90% of rides hailed in the world—45m a day—use one of the firms in which SoftBank has stakes

Wow. That’s thinking big.

Categories: interesting, travel Tags: ,

Unscaling

May 14, 2018 2 comments

 

unscaledIt has been “common” knowledge that in order to drive more business, make it harder for competitors to compete, for companies to drive down prices etc. they have to scale. A new, pretty well written book argues that those days may be over. It makes a pretty compelling argument that with all the “for rent” infrastructure out there (computation, manufacturing, potential consumers etc.) plus the advances in AI companies no longer need to build scale, but can rather rent it.

It’s not a academic book. The author is a VC and has personally invested in companies that illustrate this. Some examples / tidbits

  • Voodoo Manufacturing wants to be the AWS of cloud manufacturing. It has a factory full of 3D printing machines available for “rent”
  • Forward thinking utilities will evolve to become platforms essentially operating an energy version of the internet
  • Mobility as a Service (MaaS) that allows one to pay for all types of journeys in one go (e.g. Whim)

And so on. Worth a quick read.

 

 

 

Categories: books, technology, trends Tags: , ,

Blockchain galore

April 30, 2018 Leave a comment

MIT tech magazine has a whole issue dedicated to Blockchain (and crypto currencies). Worth a look both for the beginner (e.g. a glossary , the differences between the most prominent crypto currencies (see below)) and more advanced musings (e.g. why Bitcoin as a currency would be a disaster).

12cryptograph_0

Categories: blockchain Tags:

High stress consulting = Early death?

April 13, 2018 1 comment

Nice little chart from 1843 on how much the residents of each country sleep on average vs. their GDP.

DataGraphicSleep

The part that caught my eye was on that may resonate with overworked consultants.

Two weeks of six-hour nights slows your brain as much as pulling two consecutive all-nighters; doing so consistently increases your chance of an early death by 13%.

Hmm.

Categories: consulting, interesting Tags: ,