Marvin Bower (August 1, 1903 – January 22, 2003) was an American business theorist and management consultant associated with McKinsey & Company. Under Bower's leadership, McKinsey grew from a small engineering and accounting firm to a leader in the consulting industry. Bower, alongside Edwin G. Booz, is regarded one of the individuals most responsible for the rise of management consulting after World War II; he is considered by many to be the "father" of the modern consulting industry."[1][2][3]
Marvin Bower | |
|---|---|
 | |
| Born | August 1, 1903 |
| Died | January 22, 2003 (aged 99) |
| Education | |
| Occupation(s) | Consultant, management expert |
Biography
editBower was the son of the deputy recorder at Cuyahoga County, and grew up in the Collinwood neighborhood of Cleveland, Ohio and attended Glenville High School. He earned his bachelor's degree in Economics and Psychology from Brown University in 1925. His father advised him to study law, and Bower graduated from Harvard Law School in 1928. Bower then attended Harvard Business School, graduating in 1930. Following completion of his studies, Bower worked as an associate at Jones, Day, Reavis & Pogue in Cleveland.
In 1933, Bower was hired by James O. McKinsey in the new Chicago firm of James O. McKinsey & Company to manage a newly acquired branch in New York. Following McKinsey's death in 1937, the two offices split up and Bower resurrected the New York firm, with the assistance of New York partners, as McKinsey & Company in 1939. He served as managing director from 1950 to 1967, and remained a leadership figure at McKinsey as director and partner until 1992.
According to Harvard Business School,[1] Bower "is considered the father of modern management consulting" for his decades of work at McKinsey. Upon turning 60 years old, Bower sold his shares back to the firm at book value. This was an unusual step, as the book value of the shares was likely well below that of their market value.
Bower's decision came as a surprise to many, including his family. "Let me just say there was a shock on people's faces when he told us that he was selling his shares back to McKinsey at book value," said his son Dick Bower. "It felt unbelievable, to tell you the truth. But that was Marvin for you."[4]
Bower is widely credited for leading the formation of the global management consulting industry.[5] His principled insistence on impeccable professional standards in substance, ethics, and style; his dedication to the professional development of his colleagues; and his candor, all served as a role model for several generations of management consultants, both within and outside McKinsey. He protested being named by BusinessWeek as one of the top businesspeople of the 20th century on the grounds that he was a professional, not a businessman.[6]
Publications
editHe published several books and articles, among them:
- The Will to Manage: Corporate Success Through Programmed Management (McGraw-Hill, New York, 1966), ISBN 0-07-006735-X
- The Will to Lead: Running a Business With a Network of Leaders (Harvard Business School Press, Boston, Mass., 1997), ISBN 0-87584-758-7
- Perspective on McKinsey - internal McKinsey publication
References
edit- ^ a b "Marvin Bower". Harvard Business School. Retrieved 3 September 2011.
- ^ Martin, Douglas (2003-01-24). "Marvin Bower, 99; Built McKinsey & Co". The New York Times. ISSN 0362-4331. Retrieved 2022-01-25.
- ^ Hattori, Shu (2015-11-27). The McKinsey Edge: Success Principles from the World's Most Powerful Consulting Firm. McGraw Hill Professional. ISBN 978-1-259-58299-8.
- ^ Duff McDonald. The Firm: The Story of McKinsey and Its Secret Influence on American Business. 2014. p. 32
- ^ Christopher D. McKenna, The world's newest profession: Management consulting in the twentieth century (Cambridge University Press, 2006) pp. 5, 9, 158, 205-206, 251, 359.
- ^ McDonald, pp. 204.
Further reading
edit- Edersheim, Elizabeth Haas. McKinsey’s Marvin Bower: Vision, Leadership and the Creation of Management Consulting" (2006), a standard biography
- McDonald, Duff. The Firm: The Story of McKinsey and Its Secret Influence on American Business. (2014)
External links
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