McKinsey: Management Consulting Company and the 7S Framework

McKinsey is a management consulting company that conducts quantitative and qualitative analyses to evaluate management decisions across the public and private sectors.

In the 1980s, the company developed the McKinsey Framework 7S to improve the internal issues of organizations. The 7S framework differentiates between hard elements and soft elements. The hard elements consist of strategy, structure, and systems, while the soft elements are skills, staff, style, and share value. All areas are interconnected, meaning that changing one area will have implications for all the others.

Strategy: The organization's plan to win in the marketplace and gain an advantage over the competition.

Structure: The way the organization structures its resources, including people, machinery, and money.

Systems: The processes undertaken by the people who work in the organization.

Skills: The workforce's skills and core competencies of the organization.

Staff: The employees of the organization.

Style: The way the organization conducts its operations, reflecting its culture.

Share Value: The overall value of the organization and how it permeates various aspects.