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What Consultants Actually Do?

StrategyU

Consulting is a term thats tossed around in boardrooms, business school campuses, and everyday conversation. In this article, we take a deep dive into the world of consulting, explain the core functions and methodologies used by consultants, and describe the day-to-day tasks that define the profession.

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Exploring Consulting Frameworks: The Experience Curve

StrategyU

Here is an excerpt from Lords of Strategy about how BCG helped to repackage this thinking: BCG devised the curve in 1966. A client, General Instruments, was having trouble matching competitors’ prices in its television-components business. If they are, then there is a clear problem. Wishful Thinking? ” Damn.

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How To Beat The McKinsey Solve Game

StrategyU

That’s a bit of the trend I described in the “ getting the so what ” article. Each mini-game within the Problem Solve Game presents you with complex, real-world scenarios that consultants might encounter in their work. It is still in beta testing, and you will be asked to manage resources and strategies to clean up ocean waste.

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How I’d Use AI Tools (If I Still Worked In Consulting)

StrategyU

To demonstrate this, I asked Bard , googles AI chat tool, the following question: “What are three ways someone might use a tool like Bard that would help them work like a strategy consultant?” This information can then be analyzed to identify trends, patterns, and insights that would be helpful to a strategy consultant.

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How Top-Tier Consultants at McKinsey, Bain, and BCG Really Solve Problems 

StrategyU

But what is problem-solving? From a psychological perspective, it’s a cognitive process in which a person uses mental strategies to achieve a goal or find an answer to a challenging situation. Several prominent firms have spoken on podcasts or published memos outlining their views on and approach to problem-solving.

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What are the career paths and titles at McKinsey, Bain, and Boston Consulting Group?

StrategyU

The Analyst and Associate Levels: Early-Career In Strategy Consulting. Strategy Consulting Firms Hire Entry-Level Consultants, But Typically Less Than Grad School Hires. One weird thing about the strategy consulting industry is that many people join the industry with an intention to leave.

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The Ultimate Guide To Becoming A Freelance Consultant: 25 Things I’ve Learned

StrategyU

In 2012, I was first exposed to the world of freelance strategy consultants while working for a-connect. I wanted something that signaled a firm and also allowed me some flexibility in the type of work I did (I landed on Vivo Strategies). You typically need to file an Articles of Incorporation and an Operating Agreement.