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. Chapter 1: Frederick Taylor: “The System Must Be First”.

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StrategyU

JULY 7, 2021

Issue trees are a useful approach to breaking down a problem statement into component parts that can more easily be acted upon. In consulting teams, it’s often done in the first couple of weeks of a project. The first test of the issue tree is when you are doing the initial research and analysis after you structure the problem.

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StrategyU

SEPTEMBER 11, 2023

Before going under the fancier sounding “knowledge,” most consulting firms had libraries with physical books and resources that were managed by professionals with a background in library science. Invest heavily in software solutions to sell ongoing services to existing clients at higher margins. What are the best use cases?

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StrategyU

SEPTEMBER 20, 2024

You’ve set your sights on joining one of the world’s most prestigious consulting firms, where every move you make in the application process counts. 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.

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StrategyU

JUNE 12, 2021

Dewey added that critical thinking is “suspended judgment, and the essence of this suspense is inquiry to determine the nature of the problem before proceeding to attempts at its solution.”. This essay explores critical thinking, how it is applied, identifies limitations, and a vital role in the consulting process.

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StrategyU

SEPTEMBER 16, 2022

Barbara Minto’s The Pyramid Principle has been one of the most influential books for business writing. It has sold millions of copies and shaped the nature of work done at the top consulting firms, especially McKinsey & Company, where she first popularized her ideas. This is what made working in consulting so different.

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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. This discovery completely reframed the problem and led to a more effective solution. Why is this solution better? Good problem solvers thrive in these sessions.

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StrategyU

OCTOBER 31, 2024

“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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