McKinsey reports are one input, not the strategy itself. Your internal team translates their findings into action, and your executives make the final calls on short and long-term plans. The real work starts in the first meeting after you get the report.
Number 3: Outside experts aren't your company's primary strategist. Turning their findings into something valuable requires some hard additional work regardless of the price tag paid. Your team's combined wisdom is needed to treat the expert advice as only a single input among many, an element of the organization's strategic management, but never a replacement. The final decisions remain in the hands of your executives. They must now plan a complete strategy, short and long term, that builds on the report. The first post-McKinsey meeting is therefore just the start of a new planning cycle, albeit one that has the advantage of some fresh insight.
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