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Obsessing On Process & Meta-Process: The Secret of High-Performing Consulting Firms

StrategyU

We define the problem, we gather data, we analyze, we synthesize, and we make recommendations. There are countless frameworks and methodologies out there DMAIC, the scientific method, the McKinsey 7-step problem-solving process , and many more. Do you have a toolkit for business problem solving?

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How Top-Tier Consultants at McKinsey, Bain, and BCG Really Solve Problems 

StrategyU

Problem-solving” is one of the most overused and least understood phrases in the business world. When many people talk about solving problems, they are rarely talking about a problem-solving process. What I got wrong about problem-solving What are the most important skills you need to be successful?

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Issue Trees – What Are They and How Do You Use Them?

StrategyU

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 Problem Solving. Do you have a toolkit for business problem solving?

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Do Consulting Case Study Interviews Work? A deep dive

StrategyU

Who wouldn’t want to test a candidate’s problem-solving abilities (rather than hear about them in the traditional behavioral interview)? The Most Famous Case Practice Book Marc Cosentino has the best business plan for books: write one that almost everyone who wants to work in consulting has to buy.

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Why McKinsey Will Win In The Age of AI

StrategyU

At the margins I think it will definitely reduce demand, but mostly for the kind of high-effort give-me-a-bunch-of-young-bodies kind of work that big companies sometimes use consulting for. A lot of people look at consulting from the outside and think something like AI will hurt demand for consulting.

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Famous Consulting Frameworks: The Rule of Three and Four – Bruce Henderson (1976)

StrategyU

This is definitely the case for Amazon. Maybe the definition of a laptop also includes other devices? Do you have a toolkit for business problem solving? 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.

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Eight common challenges of boutique consulting firms

StrategyU

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. Do you have a toolkit for business problem solving?