Published in Management & Consulting category by MBA Skool Team
McKinsey and Company is one of the leading brands in the management & consulting sector. McKinsey and Company SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of McKinsey and Company:
McKinsey has highly qualified employees who are recruited from various different streams
The knowledge management system who help in gathering the information
McKinsey has a wide Geographic reach as it has its presence across the world
Good relationships with the high level executives of different companies give strong brand loyalty
McKinsey & Company has a good brand awareness and recall is very high
They have over 100 offices in 50 countries having an employee base of 11,000+ with nearly 9,000 consultants
Strong legacy of McKinsey since its inception in 1926
The company offers management consulting, environmental consulting, research paper publications etc
McKinsey has actively sponsored events, seminars and conferences to spread more awareness
Above are the strengths in the SWOT Analysis of McKinsey and Company. The strengths of McKinsey and Company looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
McKinsey and Company Weaknesses
Tough competition from big industry consultants as well as other knowledge consulting agencies
Being a global player, McKinsey's business is governed by external factors like government policies, currency fluctuations etc
These were the weaknesses in the McKinsey and Company SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
McKinsey and Company Opportunities
McKinsey could diversify from general strategy and venture into other areas of business too
Increase penetration into emerging economies
Acquisition of smaller firms can strengthen the market position of McKinsey further
Above we covered the opportunities in McKinsey and Company SWOT Analysis. The opportunities for any brand can include prospects of future growth.
McKinsey and Company Threats
Expansion of existing industry experts can reduce McKinsey's business
Companies setting up their own knowledge centres with increase and ease in IT
Economic recession and strict government policies can reduce business
The threats in the SWOT Analysis of McKinsey and Company are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Everything can be measured and what gets measured gets managed
McKinsey has a unique way of presenting publications and making presentations to the clients
McKinsey and Company STP
Advices world’s leading business
Clients are Most of the fortune 500 companies
McKinsey are internationally acclaimed general strategy consultants
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