McKinsey & Company

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McKinsey is a privately-held American management consulting firm, operating globally. It advises governments, institutions, and many of the world's most powerful corporations. McKinsey's fingerprints can be found all over some of the most spectacular corporate and financial disasters of recent decades. McKinsey is one of the "Big Three" management consultancies, which includes the Boston Consulting Group and Bain & Company.[1]

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McKinsey has been embedded in the UK's National Health Service for decades, and has played a central role in efforts to marketise and privatise the NHS,[2] especially since the 2010 UK Coalition Govt, which was only too happy to allow McKinsey to draw up many of the Health and Social Care Bill’s proposals, which were then included wholesale in the legislation. A large number of former McKinsey employees hold central positions in the UK's health system. Powerbase has an excellent page on McKinsey's involvement in the NHS: McKinsey & Companylink=McKinsey_%26_Company.

Since 1964, McKinsey publishes the "McKinsey Quarterly", funds the "McKinsey Global Institute" research organisation, publishes reports on management topics, and has authored many books on management. Its practices of confidentiality, influence on business practices, and corporate culture have experienced a polarizing reception.

McKinsey Academy

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McKinsey Global Institute

MGI’s stated mission is to help leaders in the commercial, public, and social sectors develop a deeper understanding of the evolution of the global economy and to provide a fact base that contributes to decision making on critical management and policy issues. ref

Timeline

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Articles

  • Aug.20.2020: McKinsey paid £560,000 to consult on Public Health England axeing. Health secretary Matt Hancock announced in a speech on Tuesday that Public Health England was to be replaced with a new body called the National Institute for Health Protection. The new institute will be formed through a merger of NHS Test and Trace, the Joint Biosecurity Centre and parts of PHE, and will have a mission of “protecting people form external threats to this country’s health”. Hancock said external threats amounted to biological weapons, pandemics and infectious diseases. A newly released contract shows that McKinsey was paid £563,400 in May to formulate the “vision, purpose and narrative” of the new body and to draw up a document outlining these points. NHS Test and Trace chief Baroness Dido Harding will lead the new institute - Harding is a former McKinsey consultant. Stefan Boscia, City AM.
  • Aug.18.2020: McKinsey banks £560,000 consulting on “vision, purpose and narrative” for new test and trace body. DHSC drafted in consultancy to help plan permanent organisation to manage coronavirus programme. Consulting giant McKinsey & Company is set to bank £563,400 for several weeks of work to help define the “vision, purpose and narrative” of a permanent organisation to manage the coronavirus test and trace programme. A contract notice for the deal was published a couple of weeks before reports emerged of plans to scrap and replace Public Health England. Under the deal, McKinsey is authorised to process highly personal data for seven years after the work is completed. Once the work is finished, McKinsey will own all concepts, tools and databases and other outputs it has been paid to generate. Beckie Smith, Civil Service World.

References

  1. ^ The Big Three: meet the world's top consulting firms. Marta Szczerba, The Gateway, Mar.05.2014. Original archived on Sept.04.2014.
  2. ^ Labour fails to block Government's controversial NHS reform bill (but is Lansley out?). Oliver Wright, The Independent, Mar.20.2012.