StrategyU

MARCH 31, 2022

Value-added costs account for the cost of manufacturing, marketing, distribution, and administration. They pointed out two things about the problems with experience curves. Cost reductions due to learning and technology are the result of continuous, planned efforts by management. If they are, then there is a clear problem.

Consulting 72

Consulting Manufacturing Business Problem Solving Problem Solving 72

StrategyU

FEBRUARY 8, 2025

Firms have had to recalibrate their business models in response to evolving client expectations and global economic conditions. In contrast, consultants at the Big Four accounting firms, which also have extensive consulting arms, are offered lower base salaries in the range of $90,000 to $108,000 for similar roles.

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Consulting Strategy Networking Training Program 52

Wrike

JULY 31, 2019

Ask yourself this: When planning out your projects, are you accounting for dependencies between different tasks? Use this problem-solving tool: Gantt charts. That way, you can account for them upfront rather than allowing them to throw a wrench in your timeline. Problem: You know your team isn’t using hours effectively.

Problem Solving Tools 85

Problem Solving Tools Problem Solving Communication Business Problem Solving 85

StrategyU

SEPTEMBER 10, 2024

But even if I hadn’t gone on to work in consulting, I now know that MECE is a valuable tool for anyone who wants to think more clearly and solve problems more effectively. MECE (Mutually Exclusive, Collectively Exhaustive) is a powerful problem-solving framework that is used in management consulting and various business functions.

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Consulting Retail Problem Solving Motivation 52

StrategyU

OCTOBER 6, 2024

Specifically, they all: #1 Have a top-management mindset #2 Obsess over process and meta-process #3 Embrace clear “standards of performance” Principle #1: Top Management Mindset – Have employees that can think “from the top “ Many people operating inside companies are laser-focused on the everyday tasks of their jobs.

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Consulting Performance Strategy Business Problem Solving 52

StrategyU

AUGUST 19, 2024

At GE, where I worked previously, no one talked about anything beyond how to format spreadsheets to avoid triggering the managers and higher-ups. While at McKinsey, we were trying to solve something we had never solved before! Bain also has their framework for problem-solving: the RAPID decision-making framework.

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Consulting Problem Solving Business Problem Solving Strategy 59

StrategyU

JULY 5, 2020

The history of strategy consulting starts with Frederick Taylor and the Scientific Management movement but took many twists and turns as it evolved into its current state, an industry looking inward and pondering where it fits in the new technology-powered business world. Chapter 1: Frederick Taylor: “The System Must Be First”.

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Consulting Strategy Engineering Manufacturing 52