StrategyU

JANUARY 27, 2021

The alumni of top consulting firms are part of all types of organizations around the world. Consulting firms like McKinsey, Bain, and BCG can claim world leaders, public company CEOs, heads of non-profits, entrepreneurs and even musicians. Boston Consulting Group. Most Famous & Infamous Alumni. McKinsey & Company.

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StrategyU

JUNE 28, 2022

In 1976 the founder of Boston Consulting Group, Bruce Henderson published a strategy memo with a bold claim : “ a stable competitive market never has more than three significant competitors, the largest of which has no more than four times the market share of the smallest.”. Do you have a toolkit for business problem solving?

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StrategyU

APRIL 19, 2022

What’s the difference between an “associate consultant,” “business analyst,” or “associate”? In terms of responsibilities and time in role, the roles at the top three consulting firms (McKinsey, Bain, and BCG) are very similar. When Do Most Consultants Leave Consulting?

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Career Path Consulting Career Management 52

StrategyU

JULY 23, 2021

Having made this transition after working in the consulting industry was easier than it would have been if I had made the leap from industry but there was still a lot I had to figure out along the way. Consulting under your personal name is becoming a lot more normal in the age of social media and personal branding.

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StrategyU

OCTOBER 2, 2023

” The job of a great consultant is not just to repackage information. ” The challenge in consulting is that often the client AND the consultant don’t actually know how to work together. The best “think like a consultant” thinkers are ready for this though. ” “So what?”

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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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StrategyU

SEPTEMBER 11, 2023

Before going under the fancier sounding “knowledge,” most consulting firms had libraries with physical books and resources that were managed by professionals with a background in library science. A lot of people look at consulting from the outside and think something like AI will hurt demand for consulting.

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StrategyU

NOVEMBER 29, 2021

In consulting, you use frameworks all the time. Consulting projects at big firms typically collect enormous amounts of information. Consulting firms get made fun of for turning these into hundred-page decks. .” Do you have a toolkit for business problem solving?

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StrategyU

JULY 7, 2021

Issue trees are a useful approach to breaking down a problem statement into component parts that can more easily be acted upon. In consulting teams, it’s often done in the first couple of weeks of a project. The first test of the issue tree is when you are doing the initial research and analysis after you structure the problem.

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StrategyU

NOVEMBER 28, 2020

In my several years in strategy consulting, I learned about the many ways data, information and charts could be used to fit with an existing storyline. Do you have a toolkit for business problem solving? Most of the time this is done in good faith but other times it enters into a grey area.

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Consulting Business Problem Solving Problem Solving Strategy 52

StrategyU

SEPTEMBER 16, 2022

Barbara Minto’s The Pyramid Principle has been one of the most influential books for business writing. It has sold millions of copies and shaped the nature of work done at the top consulting firms, especially McKinsey & Company, where she first popularized her ideas. This is what made working in consulting so different.

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StrategyU

NOVEMBER 18, 2021

“Strategy” is a word that attracts a lot of excitement in the business world. In consulting, I worked with many companies helping them to develop strategies. Although these were often focused on different levels of the business and different topics, all of the “strategies” were similar.

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Strategy Development Career Consulting 64

StrategyU

SEPTEMBER 28, 2022

This book is one of the seminal texts in the consulting world and is increasingly popular in the broader business world. If you’d like to go to the previous section you can find the following links to each: Logic In Writing Logic In Thinking Logic in Problem-Solving Logic In Presentation.

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Consulting Problem Solving Business Problem Solving Communication 52

StrategyU

JUNE 12, 2021

Critical thinking is only possible when you are able to recognize that your default impulses may not be correct and the possibility that there are many different approaches to analyzing a problem. This essay explores critical thinking, how it is applied, identifies limitations, and a vital role in the consulting process.

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