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It comes from the classic business book: The Pyramid Principle by Barbara Minto. Minto was the first female consultant at McKinsey and developed these ideas to help consultants communicate complex ideas clearly. One of the most powerful frameworks for clear thinking is the Pyramid Principle.
It was developed in the 1960s by Boston Consulting Group (BCG), one of the biggest consulting companies in the world at the time. It was inspired by manufacturing learning curves, which were first identified in the 1920s and 1930s. Value-added costs account for the cost of manufacturing, marketing, distribution, and administration.
I was focused specifically on manufacturing and supply chain knowledge and worked directly with client teams around the world working on these kinds of projects. I had a background in manufacturing engineering, had worked at GE, and also had experience working on factory floors, which made me a good fit for the role.
His ideas were brought to the forefront through his book Unsafe At Any Speed that highlighted the shortcuts car manufacturers made during the production of cars which included no seatbelts. An organization succeeds by taking the results of individual critical thinking and developing processes that can be implemented by others.
When I first started freelancing I developed a simple page of the possible ways of working with me. In addition to this, I also developed a list of types of projects I wanted to work on. It’s best if you develop these frameworks together but they can often start as a simple list of items.
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. McKinsey and Company, Accountants and Management Engineers.”.
per year Example Project: A leading retail chain is struggling to adapt to the rise of e-commerce and wants to shift part of its business online. A strategy consulting team from McKinsey works with their C-suite to develop a digital transformation roadmap. Market size estimate : Allied Market Research estimates that this was is a $38.4
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