Is McKinsey and Nielsen’s social media division a backwards step?

I saw this story earlier in the week and now Drew B's blogged about the announcement that the media metrics people Nielsen have teamed up with the management consultancy McKinsey to launch a social media division.

Drew's rather positive about the venture, called NM Incite, suggesting that it's "good to see [this] type of advisory coming from the bright sparks
at McKinsey
". I'm rather more skeptical and wonder whether they can offer the level of depth and understanding of the social space as social media and even communications consultancies. Of course, that may not be the primary motivation for McKinsey – rather the lure of lucrative contracts.

Without being able to comment in-depth on McKinsey's reputation at management consultancy I am  suspicious about management consultancies offering genuine communications consultancy. Only last month I was chatting with a senior PR consultant who was lamenting a 'brand strategy' put together by the client's management consultancy.

What I find particularly fascinating about this move is that NM Incite appears to be offering products *as well as* solutions. According to the 'Offerings' section on their website they can provide:

  • Customisable dashboards
  • APIs
  • Tracker reports and alerts

Interesting that as 'social media' becomes more about strategic business consultancy to socialise organisations, the traditional management consultancies are turning to selling widgets rather than knowledge.

It just goes to show that not even the bastions of the global business management empire are immune from disintermediation.

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