Internet platforms gives msmes a better opportunity to access and. Consultants may be inexperienced because they do not understand a sector, client or particular type of analyses. Being mece in the context of problemsolving means separating your problem. Mece framework, analysis, synthesis and organization. Mutually exclusive items can only fit into one category at a time and collectively exhaustive all items can fit into one of the categories. Mckinsey 7s short description the mckinsey 7s model is a diagnostic management tool used to test the strength of the strategic degree of fit between a firms current and proposed strategies.
Thinking this way is useful,because it helps you avoid duplication and clarifies your options for resolving the problem. Meceis a sine qua non of the problemsolving process at mckinsey. Solving tools and management techniques of the worlds top strategic. A mckinsey perspective on creating transformational value from mergers most mergers are doomed from the beginning. Mece is a principle used by management consulting firms to describe a way of organizing information. Mece is a thought tool that has been systematically used in mckinsey. Mece gets pounded into every new associates head from the moment of entering the firm. Mece, pronounced as mesee, stands for mutually exclusive, collectively exhaustive it is the hallmark of problem solving used at mckinsey and company mece provides structure to logical thinking and aids in solving various business problems mece provides a framework to communicate the. Mece is a famous consulting principle which means mutually exclusive. Ultimately they guide employees towards valued behavior. Your best salespeople will get calls for job interviews within days, and your customers will be actively courted. There is a strong preference for organizing that data in a manner that is mece. What is an example of mece in a management consulting problem. It stands for mutually exclusive, comprehensively exhaustive.
You can use the mece framework to help you think clearly about a business problem. Mckinsey interviewers along with other firms will especially look whether you are able to structure information in a mece format. What are all the ways that quora could generate money. Our flagship business publication has been defining and informing the seniormanagement agenda since 1964. What kind of problems do consultants from the likes of mckinsey solve.
Mece stands for mutually exclusive and collectively exhaustive and is one of the hallmarks of problem solving at mckinsey the mckinsey way by ethan m. Below is an excerpt from the basic edition of our succeeding as a management consultant book which explains how to use mece and 8020 principles to structure and analyze a real consulting project engagement teams usually consist of experienced and inexperienced members. You might not have got the green signal if you hadnt. The mckinsey 7s framework ensuring that all parts of your organization work in harmony how do you go about analyzing how well your organization is positioned to achieve its intended objective. Mece is a simple, powerful problem structuring framework. In case interviews, the mece principle is a valuable tool for creating issue trees break down complicated problems into basic components you can evaluate and help you get to the root of the problem.
In 1971 mckinsey and co developed the business screen for general electric to differentiate the potential for future profit in each of the 43 strategic business units. In truth, as i hope this book will communicate, mckinsey is as human as its employees are. If you follow it, youll find yourself creating logically organized, independent buckets of analysis that cover the complete set of subanalyses and considerations. Combining these two elements will enable you to take a large amount of. The structure of a framework allows the user to break down a problem into its fundamental pieces.
Use this framework when company a is looking to acquire or merge with company b, and the two companies are different. Case interview frameworks are a method for approaching business problems using a defined structure. To outsiders, this can make the firm seem monolithic and forbiddingone recent book on management consulting likened mckinsey to the jesuits. The promsi e of gol bal standards in heatlhcare october 2012. Mckinseyite goes through the same rigorous training programs and suffers through the same long nights in the office. Covers examples, tips, frameworks and maths shortcuts. Mckinsey would like to thank gs1 for its contribution to the analysis and fact base which provide the foundation of this report. The reason is that this is an unusual, outofthebox case question. Ive read victor chengs case interview secrets and listened to loms.
Mece a guide to the mece principle with applied examples. Msmes competitiveness and innovation in the digital age. Well, i used the mece principle i mentioned above to build this tree. Longterm gol bal forces are defni ni g a new norma fl or our economei s in an. This article explains the ge mckinsey matrix in a practical way.
Mece stands for mutually exclusive and collectively exhaustive 1. The evidence shows, however, that unless it consolidates to just three or four companies and can keep out new entrants, pricing behavior doesnt change. Working at mckinsey or for a mckinsey boss often requires dealing with large amounts of information. Asurvey of nearly 2,500 smes found that those using the internet lowered their cost of goods, experienced higher productivity, andachievednetjobcreation. Most companies approach deal making as an art rather than as a corporate capability deployed to support a strategy, and they see individual deals as discrete projects rather than integral parts of that strategy. This is a question that has been asked for many years, and there are. University of hormozgan, iran abstract the aim of this descriptivesurvey research was to investigate and analyze the organizational structure of qeshm free. Mece is a way of segmenting information into subelements that are mutually exclusive and collectively exhaustive. Mckinsey would also like to thank the interviewees for their expert insights. Analysts expect the merger to result in a significant reduc tion in total thrum. Take what you know about the problem at hand, combine it with your gut. During a case interview, mece is also helpful for calculation. In this post well discuss what mece stands for, why it is popular with top tier consultants and how it can help your business analysis.
Leading management consulting firms, whether it is bcg, mckinsey or bain collectively called mbb, like the hypothesesled approach. To do so, you must organize these answers in a way that is mutually exclusive and collectively exhaustive sometimes written as mutually exclusive and completely exhaustive. Classic strategy tools mckinseys mece framework eloquens. Anyone who has researched merger success rates knows that roughly 70 percent of mergers fail. Once you start to get comfortable with the mece principle, youll find innumerable use cases for it. Great care is taken to make the training as realistic as possible while providing compelling and captivating narrated episodes to improve your experience. The presumption in this note is that the organization mindset has been engraved over time or. Case interview guide covering what is a case interview and how to prepare for it. Mckinsey consultants use to help their clients become more effi cient and effective. Mece framework mckinsey mece, pronounced me see, an acronym for mutually exclusive and collectively exhaustive, is a popular mantra at mckinsey. Mckinsey and company ge asked mckinsey and company, a consulting company in the usa, to develop a portfolio approach with a wider dimension than the bcg matrix.
Mece, pronouned me see, is an analytical framework developed to help you distill your business problem down into its key components. A mckinsey perspective on value creation and synergies almost 50 percent of the time, due diligence. In other words, elements should exclude each other, i. Mece, pronounced me see, is a concept commonly used at top consulting firms to talk about the approach consultants use to solve problems.
Most candidates would not be able to create a mece framework to this case i would say 6080% would not pass. We will go into both these components in detail and then relate this to the dynamics of an organization mindset. The mckinsey global institute mgi, the business and economics research arm of mckinsey company, was established in 1990 to develop a deeper. Mckinsey filetype pdf is a global management consulting firm that. Her first manual, skillful writing through structured thinking, was soon coveted by colleagues in every office who adopted its teachings and taught them to. Your mckinsey boss might also ask you to be more mece in your problem solving approach. After reading you will understand the basics of this powerful marketing strategy and product portfolio analysis tool what is the ge mckinsey matrix. The power of many g20 young entrepreneurs alliance. The mece principle, pronounced mesee, is a grouping principle for separating a set of items into subsets that are mutually exclusive me and collectively exhaustive ce.
Mece a guide to the mece principle with applied examples mece is a best practice method to lay down a robust structure for your case interview. It is a management tool designed to facilitate the process of strategy implementation within the context of organizational change. The uncertainty generated by a merger creates the perfect environment for competitors to launch an attack. Mckinsey global institute our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. In fact, even at your case interview, you likely used the mece principle. I recently read the mckinsey mind which is a great, quick book that offers a simple. In fact it seems to have acquired the status of holy writ.
Mece, pronounced mee see, is a concept commonly used in top consulting firms such as mckinsey, bcg or bain. We usually say it meecee, but barbara pronounces it with one syllable, meece. Be mecemutually exclusive and collectively exhaustive. I learned an enormous amount in that time, but scarcely enough for me to explain to the world the skills that mckinseyites use to succeed. Here is a more conceptual example, though not focused on a consulting problem. Mckinsey 7s model is a tool that analyzes firms organizational design by looking at 7 key internal elements. This is part 1 of our 4part series on mece thinking part 1, part 2, part 3, and part 4. Mece stands for mutually exclusive, collectively exhaustive. Many wellknown frameworks, such as costbenefit, 4cs, porters five forces are all designed with the mece principle in mind. Mece stands for mutually exclusive, collectively exhaustive and is the consulting way of representing complex information in an easy way. Analyzing organizational structure based on7s model of mckinsey by mohammad mehdi ravanfar. The mece principle suggests that to understand and fix any large problem, you need to understand your options by sorting them into categories that are.
Lets apply the mece principle to quora company as an example. Mckinsey filetype pdf mckinsey filetype pdf mckinsey filetype pdf download. Analyzing organizational structure based on 7s model of. If you manage to get a position at mckinsey, or at any other mbb for that matter, you are likely to have to handle huge amounts of data. A central tenet of structuring your problem solving is your considering all the possible answers to your question exactly once. If you are categorizing data, the meceprinciple dictates that the categories should be mutually exclusive. Strategic analysis through the general electricmckinsey. The goal of this study is to describe this tool and present an application of it to the fashion industry so as to offer the marketing managers in. Mckinsey, bcg, bain, deloitte, accenture, capital one.