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In 2025, the world of strategy consulting continues to evolve rapidly. Driven by technological disruption, shifting market dynamics, and changing client needs, top consulting firms are reinventing the way they work and compete. Business Insider ).
Consulting is a term thats tossed around in boardrooms, business school campuses, and everyday conversation. Yet, what do consultants actually do? Despite common stereotypes and vague assumptions, the consulting profession is multifaceted and demanding. Consulting can be divided into several kinds of work.
But, after nearly a decade of working in consulting and teaching consulting skills, I’ve come to believe that problem-solving is the most important skill. But what is problem-solving? Why is problem-solving at the core of consulting? It’s a fair question.
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?
But I didn’t appreciate how rare that was until working at consulting firms where I found it incredibly hard to do that same level of work. From working with many different organizations as a consultant, I’ve started to notice that the companies that are able to build a culture of excellence all have a few things in common.
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 businessproblemsolving?
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”.
“Consulting” is a broad term in today’s world. When people think about consulting, they often think about the most famous firms: McKinsey, Bain, and BCG. The most famous kinds of consulting The three biggest areas of consulting are strategy and operations, technology, and financial and transaction advisory.
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