StrategyU

FEBRUARY 8, 2025

They gather data, conduct interviews, and analyze internal processes to diagnose problems or pinpoint areas of opportunity. Continuous learning is part of the job, with many firms offering in-house training programs and mentorship opportunities to support professional development.

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StrategyU

MARCH 31, 2022

It was developed in the 1960s by Boston Consulting Group (BCG), one of the biggest consulting companies in the world at the time. The Experience Curve relies on the underlying assumption that the more experience a business has in producing a particular product or rendering a service, the lower its cost.

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Consulting Manufacturing Business Problem Solving Problem Solving 72

StrategyU

OCTOBER 2, 2023

” The job of a great consultant is not just to repackage information. It is to put that information into the client’s context and then give them actionable information about what they should do next. Almost every company I’ve done workshops for has the same problem: they don’t ask “So what?

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Consulting Business Problem Solving Problem Solving Strategy 52

StrategyU

JULY 7, 2021

You might develop the next leg of your tree: This tree is not perfect and the answers at the lowest level are not collectively exhaustive for all the possibilities for increasing revenue and decreasing costs. How Issue Trees Are Linked With Problem Solving. Do you have a toolkit for business problem solving?

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Consulting Problem Solving Business Problem Solving Brainstorming 59

StrategyU

SEPTEMBER 11, 2023

That’s exactly what Lilli is, According to them, “Employees can prompt Lilli with a question, and the tool will scan the knowledge base, locate five to seven relevant pieces of information, summarize key points, include links, and identify experts in the field.” They were experts in helping people find information.

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Consulting Manufacturing Business Problem Solving Solution 52

StrategyU

SEPTEMBER 20, 2024

You just got a meal of useless information. The biggest problem with this is that people know about the feedback sandwich. The easiest way to develop a strong rapport with colleagues is to get to know them. Do you have a toolkit for business problem solving? I know — but many people do not take this step.

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Consulting Business Problem Solving Construction Problem Solving 59

StrategyU

SEPTEMBER 20, 2024

This means that your approach, logical reasoning, and ability to adapt to new information are all critical. During the game, you’ll be faced with complex problems that need to be solved quickly. Check out PSG Crackeds Guides On Case Solvers Do you have a toolkit for business problem solving?

Problem Solving 52

Problem Solving Consulting Business Problem Solving Recruitment 52

StrategyU

AUGUST 22, 2023

” Here is what it said Here are three ways someone might use a tool like Bard to help them work like a strategy consultant: Gathering and analyzing information. Bard can be used to quickly and efficiently gather information from a variety of sources, including news articles, research papers, and social media.

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Consulting Business Problem Solving Strategy Problem Solving 52

StrategyU

SEPTEMBER 10, 2024

MECE (Mutually Exclusive, Collectively Exhaustive) is a powerful problem-solving framework that is used in management consulting and various business functions. A PM needs an approach to organize and prioritize the development backlog. Do you have a toolkit for business problem solving?

Consulting 52

Consulting Retail Problem Solving Motivation 52

StrategyU

SEPTEMBER 16, 2022

This is great for me, as I love that kind of book and it’s helped me reflect on my experience at McKinsey and my attempts to figure out why I was able to develop such strong capabilities there. Instead, you need to develop a better process for synthesizing and structuring information. This drove her throughout her career.

Consulting 52

Consulting Problem Solving Communication Business Problem Solving 52

StrategyU

SEPTEMBER 20, 2024

Framework #4: The BCG Growth/Share Matrix Helps You Balance Your Product Portfolio If you’ve ever felt overwhelmed trying to manage multiple products or consider multiple business units, the BCG Matrix will help you. Developed by the Boston Consulting Group, this framework helps you visualize and balance your product portfolio.

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Consulting Problem Solving Strategy Development 59

StrategyU

JANUARY 27, 2021

” It enabled him to develop a clear-thinking perspective to truly understand the very essence of a problem.” Do you have a toolkit for business problem solving? Less is the head of the famous Private Equity group with more than a quarter of a trillion dollars under management.

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Consulting Business Problem Solving Career Problem Solving 64

StrategyU

OCTOBER 2, 2023

Part of this comes from insecurity but another part comes from the reality that you went through your own extended learning journey with the information. ” But from the listener’s perspective, if you are taking them down a rabbit hole of detailed numbers and information it can be tedious and frustrating.

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Consulting Business Problem Solving Problem Solving Communication 40

StrategyU

JUNE 28, 2022

As stated earlier, it’s hard to find very specific single industry companies and products and also find their market share information. It’s easy to get information on the beer industry on the beer industry in the US so I thought I’d see how it fared. Do you have a toolkit for business problem solving?

Consulting 52

Consulting Business Problem Solving Strategy Problem Solving 52

StrategyU

AUGUST 19, 2024

And on two levels: Problem-solving process: how you solve problems Meta-process: how you talk about how you do #1 The best consulting firms are obsessed with both of these things. In many companies, the time spent on developing problem-solving skills and fundamentals is surprisingly small.

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Consulting Problem Solving Business Problem Solving Strategy 59

StrategyU

NOVEMBER 15, 2023

This is why consulting can feel more like therapy than business problem-solving. This is the value of a consultant, the ability to continue to search for the problem behind the problem. This usually requires really spending time with the client and people inside the organization in a formal and informal way.

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Consulting Business Problem Solving Problem Solving Professional Services 52

StrategyU

NOVEMBER 17, 2023

If training is something you can deprioritize, your firm will struggle with developing internal capabilities. Do you have a toolkit for business problem solving? Click here to learn more or if you are interested in getting started now, enroll in the self-paced version ($497) or hands-on coaching version ($997).

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Consulting Pharmaceutical Business Problem Solving Strategy 40

StrategyU

APRIL 19, 2022

As the scale and ambition of these firms increased, they needed more people to do the work and needed to develop internal pipelines of future partners. In addition to client work, consultants are pressured to develop a “spike” or topic expertise where they can become a go-to person for many clients in the future.

Career Path 52

Career Path Consulting Career Management 52

StrategyU

MAY 29, 2024

At the highest level, most cases are similar: The interviewer presents background on a “client’s” business problem or scenario (e.g., But now, this information is far easier to find online, and the fact that you need to prepare is common knowledge – everyone knows that everyone knows you need to prepare.

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Consulting Problem Solving Recruitment Communication 52

StrategyU

OCTOBER 6, 2024

To do great work, you need to put information in context and to put your tasks in context, you need to have an understanding of what your business actually does. Do you have a toolkit for business problem solving? Is your marketing group responsible for click-through rates?

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Consulting Performance Strategy Business Problem Solving 52

StrategyU

MARCH 10, 2024

Do you have a toolkit for business problem solving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solve problems, and develop presentations that resonate at the C-Level.

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Consulting Strategy Business Problem Solving Management 52

StrategyU

NOVEMBER 20, 2023

After having a couple more jobs which I continued to learn, develop confidence in my skills and gain more clarity over the type of work I wanted to do, I decided it was time to make the leap. During this transition, many people develop a completely different mindset and perspective on work, income, money and how they live life.

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StrategyU

JANUARY 20, 2025

Part 2: Collectively Exhaustive In order to be collectively exhaustive your set of information needs to cover all possible options. This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solve problems, and develop presentations that resonate at the C-Level.

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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. This builds on the last charge and adds the “missing” information of the percentage of men who are Fortune 500 CEOs. What is the intent of this presentation of information?

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Consulting Business Problem Solving Problem Solving Strategy 52

StrategyU

JUNE 12, 2021

However, if you spend the time to develop a process for approaching problems that are beyond the capacity of your normal intuitions you will be able to move on to more challenging problems. An organization succeeds by taking the results of individual critical thinking and developing processes that can be implemented by others.

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Critical Thinking Consulting Problem Solving Development 75

StrategyU

SEPTEMBER 28, 2022

Over and over again in my coaching work, I am surprised at how little time is spent on actually processing information and thinking about how other people might interpret certain information. It’s a nudge to go beyond sharing a bunch of information and thinking about what you are really trying to say.

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Consulting Problem Solving Business Problem Solving Communication 52

StrategyU

JULY 23, 2021

When I first started freelancing I developed a simple page of the possible ways of working with me. In addition to this, I also developed a list of types of projects I wanted to work on. It’s best if you develop these frameworks together but they can often start as a simple list of items.

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StrategyU

JULY 5, 2020

So in the last 1800s, Frederick Taylor and several others in the US started exploring new ways to think about running a business. Part of the toolkit McKinsey developed was a 30-page document called the “General Survey Outline” (GSO) and it stood out for how it was different than Taylor’s “how-to” approach.

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StrategyU

OCTOBER 29, 2024

This seemingly simple idea not only doubled their revenue in their target market but led to the development of a professional photography program that became a key differentiator for their platform. Resilience and Adaptability Problem-solving is rarely a linear process.

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Consulting Problem Solving Solution Creativity 52

StrategyU

OCTOBER 31, 2024

per year Example Project: A leading retail chain is struggling to adapt to the rise of e-commerce and wants to shift part of its business online. A strategy consulting team from McKinsey works with their C-suite to develop a digital transformation roadmap. Market size estimate : Allied Market Research estimates that this was is a $38.4

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