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. Here is an excerpt from Lords of Strategy about how BCG helped to repackage this thinking: BCG devised the curve in 1966. If they are, then there is a clear problem. Wishful Thinking? ” Damn.

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StrategyU

NOVEMBER 29, 2021

.” This is the overarching aim of most businesses and this broad, general goal provides a way for company leaders to look at this framework and have an entry point where they can find agreement. Do you have a toolkit for business problem solving? Both versions include lifetime access and all future updates.

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StrategyU

SEPTEMBER 20, 2024

Ansoff’s matrix for growth strategy). The 7 S’s are: Strategy Structure Systems Shared Values Style Staff Skills Now I know that you might be thinking, “That’s just a list of business jargon.” For example, let’s say you decide to shift your strategy from being a cost leader to a premium brand.

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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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StrategyU

OCTOBER 2, 2023

Do you have a toolkit for business problem solving? I created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants. Ask yourself while working on things: “So what?” ” “So what?”

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StrategyU

SEPTEMBER 20, 2024

But it’s not just about reaching the correct solution—how you approach the problem, the strategy you use, and the decisions you make along the way are just as important. The McKinsey Problem Solve Game consists of different mini-games, each designed to test different aspects of your cognitive abilities and problem-solving skills.

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StrategyU

AUGUST 22, 2023

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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StrategyU

SEPTEMBER 20, 2024

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 created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants.

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StrategyU

SEPTEMBER 10, 2024

A PM needs an approach to organize and prioritize the development backlog. Check out this video for a deeper dive into MECE and other strategy consulting skills. Do you have a toolkit for business problem solving? Without a structured approach, it’s easy to get lost in the details or miss important elements.

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StrategyU

SEPTEMBER 11, 2023

Big firms are set up to dominate even more… I think AI tools will help firms like McKinsey, BCG, and Bain (though Bain was much later to invest in knowledge management) develop a bigger lead in management consulting. I also think you’ll see a lot of wasted effort on solutions that clients may not care about.

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StrategyU

JANUARY 27, 2021

She gives credit to her time in consulting for being able to become a CEO: “I don’t think I could have gotten here without a strategy consultant background because it taught me inductive thinking. ” It enabled him to develop a clear-thinking perspective to truly understand the very essence of a problem.”

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StrategyU

NOVEMBER 17, 2023

I started StrategyU with the intention of teaching knowledge workers the tools, frameworks, mindsets, and approaches that I learned in strategy consulting. When I started this, I thought that my audience would be people in big companies stuck inside strategy, finance, or analytics groups that didn’t have access to training.

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StrategyU

APRIL 19, 2022

The Analyst and Associate Levels: Early-Career In Strategy Consulting. 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. Strategy Consulting Firms Hire Entry-Level Consultants, But Typically Less Than Grad School Hires.

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StrategyU

MARCH 10, 2024

The mystique of strategy consulting has inspired films such as Office Space and Up In the Air and TV shows like House of Lies. While I generally agree with many of the criticisms of strategy consulting, I am more interested in demystifying what consultants do and how you can learn the same skills without having to work in the industry.

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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

OCTOBER 2, 2023

Do you have a toolkit for business problem solving? I created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants. So remember. Start from the top. Tell people why it matters.

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StrategyU

OCTOBER 6, 2024

They might say yes initially but then I ask if they’ve read strategy reports, investor documents, done store visits (if appropriate), and done interviews to understand their clients better. We tend to glorify words like “Strategy,” but strategy isn’t that complex. If so, how much? They never thought of it.

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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.

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StrategyU

AUGUST 19, 2024

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. In many companies, the time spent on developing problem-solving skills and fundamentals is surprisingly small.

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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. Do you have a toolkit for business problem solving? In consulting, things are always changing.

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StrategyU

MAY 29, 2024

He detailed how he had decided in high school, after getting into Stanford, that he would work in strategy consulting. At the highest level, most cases are similar: The interviewer presents background on a “client’s” business problem or scenario (e.g., Do you have a toolkit for business problem solving?

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StrategyU

NOVEMBER 20, 2023

In 2012, I was first exposed to the world of freelance strategy consultants while working for a-connect. 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.

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StrategyU

JANUARY 20, 2025

One of the most important ideas in consulting problem solving is MECE. If you’ve been around current or former strategy consultants, you probably heard someone say this. It’s typically pronounced, mee-see. MECE is an acronym for the phrase Mutually Exclusive, Collectively Exhaustive.

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StrategyU

JULY 23, 2021

A common strategy is to start with a brand and then shift to working under your name later. In my case, I started freelancing under the name “Vivo Strategies.” At this point, I still use the Vivo Strategies for legal documents but rarely use it with anything else. This can be hard to wrap your head around.

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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. one that would focus on business strategy.

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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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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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StrategyU

SEPTEMBER 28, 2022

For example, let’s say you are assessing a business. You might create a simple framework looking at things from a high-level: strategy, finance, operations, and talent. One of the most important parts of organizing information is developing a clear summary or insight that describes the group.

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StrategyU

OCTOBER 31, 2024

The most famous kinds of consulting The three biggest areas of consulting are strategy and operations, technology, and financial and transaction advisory. Here’s some examples of the “big three” industries: #1 Strategy and Operations Consulting At the top of the consulting world are firms like McKinsey, Bain, and BCG.

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StrategyU

OCTOBER 29, 2024

The most valuable professionals and leaders aren’t just smart – they consistently demonstrate an ability to solve complex problems. Analytical mindsets allow problem solvers to navigate through complexity and arrive at data-driven solutions as efficiently as possible. We can’t really shape things without imagination.

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