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10-Step Problem Solving Process for Business Owners and Entrepreneurs

LivePlan

Business problem solving can become a refined skill if you develop a consistent process. Let's show you how by walking through a simple and repeatable problem solving checklist.

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Ten Business MECE Examples

StrategyU

Example 8: Project Management Phases Original Breakdown: Initiation Planning Execution Closure Why it is MECE: These four phases represent a widely recognized lifecycle in project management. You can check out the social media examples and others Do you have a toolkit for business problem solving?

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What Consultants Actually Do?

StrategyU

Consultants are brought in to diagnose problems, identify opportunities, and recommend actionable solutions. They gather data, conduct interviews, and analyze internal processes to diagnose problems or pinpoint areas of opportunity. Project Management and Deliverables Consulting projects are typically time-bound engagements.

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Why Strategy is Simple and How Developing A Strategic Perspective Can Accelerate Your Career

StrategyU

In consulting, I worked with many companies helping them to develop strategies. Although these were often focused on different levels of the business and different topics, all of the “strategies” were similar. How To Develop Your Own Strategic Perspective. Strategy Is Simple (Example: Pepsi).

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The Strategy Consulting Industry: Firms, Trends & Compensation (2025)

StrategyU

Firms have had to recalibrate their business models in response to evolving client expectations and global economic conditions. Its reputation in financial services, risk management, and digital transformation has made it an attractive alternative for those seeking rapid career progression in specialized sectors.

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Exploring Consulting Frameworks: The Experience Curve

StrategyU

It was developed in the 1960s by Boston Consulting Group (BCG), one of the biggest consulting companies in the world at the time. The Experience Curve relies on the underlying assumption that the more experience a business has in producing a particular product or rendering a service, the lower its cost.

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How To Beat The McKinsey Solve Game

StrategyU

Currently, there are two games that most candidates will encounter: #1 Ecosystem Building : this game involves managing an ecosystem where you need to balance factors like food sources, predators, and environmental conditions to ensure the ecosystem thrives. It has been increasingly appearing in assessments.