StrategyU

SEPTEMBER 20, 2024

It’s not just any test; it’s a game designed to challenge your thinking, and your problem-solving abilities, right from the start—every click you make counts on how you will be perceived. What is the McKinsey Problem Solve Game? As you prepare to take on this challenge, the weight of its importance bears down on you.

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StrategyU

NOVEMBER 18, 2021

“Strategy” is a word that attracts a lot of excitement in the business world. People who work on strategy get paid more and senior executives like to use the word a lot to talk about their decisions. In consulting, I worked with many companies helping them to develop strategies.

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StrategyU

MARCH 31, 2022

Here is an excerpt from Lords of Strategy about how BCG helped to repackage this thinking: BCG devised the curve in 1966. A client, General Instruments, was having trouble matching competitors’ prices in its television-components business. 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?

Communication 75

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StrategyU

JULY 7, 2021

How Issue Trees Are Linked With Problem Solving. At StrategyU we are fans of the SCQA process to define problems and develop hypotheses. This approach enables us to have a rigorous problem-solving approach to business problems instead of starting with the solution in mind from the beginning.

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StrategyU

SEPTEMBER 20, 2024

These two things transform a team of consultants from a mere group of smart individuals into a cohesive problem-solving machine. Ansoff’s matrix for growth strategy). It underpins all great communication and problem-solving. use MECE not just for problem-solving, but also for structuring your communication.

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Consulting Problem Solving Strategy Development 59

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

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., There are a few problems with this. I had none of this.

Consulting 52

Consulting Problem Solving Recruitment Communication 52

StrategyU

SEPTEMBER 10, 2024

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 solve problems more effectively. MECE (Mutually Exclusive, Collectively Exhaustive) is a powerful problem-solving framework that is used in management consulting and various business functions.

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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

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. Is the feedback timely and specific? Have I made an offer to help them act on the feedback?

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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

SEPTEMBER 16, 2022

I will cover each of the four sections of her book: Logic In Writing Logic In Thinking (coming soon) Logic in Problem-Solving (coming soon) Logic In Presentation (coming soon). Minto’s first job in the business world was working for Cyrus Eaton, who founded the Pugwash Conferences of nuclear scientists.

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StrategyU

SEPTEMBER 11, 2023

Related Essays And if you’d like to explore this thinking further, here are some resources you can spend time with: ​ Critical Thinking Is Still Valuable ​ ​ How I’d use AI tools if I were still a consultant Do you have a toolkit for business problem solving?

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Consulting Manufacturing Business Problem Solving Solution 52

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. Do you have a toolkit for business problem solving?

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Consulting Business Problem Solving Career Problem Solving 64

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

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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Consulting Business Problem Solving Strategy Problem Solving 52

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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Consulting Business Problem Solving Problem Solving Communication 40

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

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

APRIL 19, 2022

The Analyst and Associate Levels: Early-Career In Strategy Consulting. Strategy Consulting Firms Hire Entry-Level Consultants, But Typically Less Than Grad School Hires. One weird thing about the strategy consulting industry is that many people join the industry with an intention to leave.

Career Path 52

Career Path Consulting Career Management 52

StrategyU

NOVEMBER 20, 2023

In 2012, I was first exposed to the world of freelance strategy consultants while working for a-connect. I wanted something that signaled a firm and also allowed me some flexibility in the type of work I did (I landed on Vivo Strategies). At the time, I had a hunch that this was a path I wanted to explore.

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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. Do you have a toolkit for business problem solving?

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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

JUNE 12, 2021

Companies hire consulting firms because of their ability to deploy a rigorous problem-solving process to a wide range of problems. The McKinsey problem-solving approach is one example and is been copied and altered by many companies in the business world. Do you have a toolkit for business problem solving?

Critical Thinking 75

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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

SEPTEMBER 28, 2022

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 business problem solving?

Consulting 52

Consulting Problem Solving Business Problem Solving Communication 52

StrategyU

OCTOBER 29, 2024

The most valuable professionals and leaders aren’t just smart – they consistently demonstrate an ability to solve complex problems. Truly effective problem solvers exhibit specific traits that enable them to tackle challenges systematically and creatively. Take climate change as an example of complex systems at work.

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Consulting Problem Solving Solution Creativity 52

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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