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But even if I hadn’t gone on to work in consulting, I now know that MECE is a valuable tool for anyone who wants to think more clearly and solveproblems more effectively. MECE (Mutually Exclusive, Collectively Exhaustive) is a powerful problem-solving framework that is used in management consulting and various business functions.
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. Do you have a toolkit for businessproblemsolving? The training was vital to the success of the firm, and everyone treated it as such.
One exercise I have all people go through who are thinking about taking the leap is the fear setting exercise , which forces you to write down some of your worst fears in relation to finances and other fears of failure. I made a number of changes in my finances, including lowering my rent and changing some of my spending habits.
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. For example, let’s say you are assessing a business. Do you have a toolkit for businessproblemsolving?
Using the GSO, consultants started every engagement by thinking of the outlook for the industry of their client, the place of the client in the industry, the effectiveness of management, the state of its finances, and favorable or unfavorable factors that might affect the future of the firm.”.
After spending over a decade in strategy consulting and advising hundreds of business leaders, I’ve noticed that traditional “intelligence” or subject matter expertise isn’t what sets great problem solvers apart. In other articles, I’ve covered problem-solving approaches and processes.
3 Risk and Compliance Consulting This sector focuses on guiding regulatory compliance, risk management, and internal controls, often for highly regulated industries like finance, healthcare, and energy. Do you have a toolkit for businessproblemsolving? Example Firms : Protiviti, Marsh & McLennan, Control Risks.
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