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In 2025, the world of strategy consulting continues to evolve rapidly. Driven by technological disruption, shifting market dynamics, and changing client needs, top consulting firms are reinventing the way they work and compete. Business Insider ).
Strategy consulting isnt just about analyzing data and advising clientsits also about communicating complex ideas in a clear, persuasive, and compelling manner. In strategy consulting, clarity of purpose is paramount. Create The Presentation A well-structured outline is the backbone of any consulting presentation.
Consulting is a term thats tossed around in boardrooms, business school campuses, and everyday conversation. Yet, what do consultants actually do? Despite common stereotypes and vague assumptions, the consulting profession is multifaceted and demanding. Consulting can be divided into several kinds of work.
I was taking part in the Basic Consulting Readiness training and talking to my new friend Josh. He detailed how he had decided in high school, after getting into Stanford, that he would work in strategy consulting. I downloaded the book in 2006 to prepare for my consulting interviews.
But, after nearly a decade of working in consulting and teaching consulting skills, I’ve come to believe that problem-solving is the most important skill. But what is problem-solving? Why is problem-solving at the core of consulting? It’s a fair question.
But I didn’t appreciate how rare that was until working at consulting firms where I found it incredibly hard to do that same level of work. From working with many different organizations as a consultant, I’ve started to notice that the companies that are able to build a culture of excellence all have a few things in common.
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.
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?
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.
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.
Having made this transition after working in the consulting industry was easier than it would have been if I had made the leap from industry but there was still a lot I had to figure out along the way. Consulting under your personal name is becoming a lot more normal in the age of social media and personal branding.
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”.
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.
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.
“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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