This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
. #2 Internal Artifacts help shape the reality of a project Another vital component of a strong meta-process is developing and utilizing internal artifacts. These aren’t just templates or checklists for the sake of having them, these should be documents, and tools to help develop a shared understanding that is at the core.
I like the definition that McKinsey Mind uses for issue trees: The issue tree, a species of logic tree in which each branch of the tree is an issue or question, bridges the gap between structure and hypothesis. How Issue Trees Are Linked With ProblemSolving. Do you have a toolkit for businessproblemsolving?
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.
This is definitely the case for Amazon. Maybe the definition of a laptop also includes other devices? Do you have a toolkit for businessproblemsolving? They are known for being willing to lose money for a long time in an industry or on a specific product in order to capture market share over the long term.
This was definitely one of the segments that have found value in my work but a second segment that surprised me has been small and medium-sized consulting firms ranging anywhere from 5 people to 200. If training is something you can deprioritize, your firm will struggle with developing internal capabilities.
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. If you really wanted to jump from Business Analyst to Associate at McKinsey for example, that is definitely a possible path if you are a top performer. Watch The Video On This.
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. During this transition, many people develop a completely different mindset and perspective on work, income, money and how they live life.
And on two levels: Problem-solving process: how you solveproblems Meta-process: how you talk about how you do #1 The best consulting firms are obsessed with both of these things. In many companies, the time spent on developingproblem-solving skills and fundamentals is surprisingly small.
At the highest level, most cases are similar: The interviewer presents background on a “client’s” businessproblem or scenario (e.g., Not to mention the high-ticket coaching packages that many students definitely will buy. Do you have a toolkit for businessproblemsolving? Most people leave consulting.
For example, in the first phase of a project, you might have a team charter, problemdefinition, or issue tree. Do you have a toolkit for businessproblemsolving? To align as a team, we use structured artifacts, or documents, throughout the process. and full analysis deck. He was supportive.
Critical thinking is only possible when you are able to recognize that your default impulses may not be correct and the possibility that there are many different approaches to analyzing a problem. The simplest definition of critical thinking is that it is space for thinking. What Is Critical Thinking? It Has Compounding Benefits.
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content