Remove Business Problem Solving Remove Development Remove Performance
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How To Beat The McKinsey Solve Game

StrategyU

Stay calm under pressure : PSG is designed to test how you perform in hard conditions as a consultant does. During the game, you’ll be faced with complex problems that need to be solved quickly. Review and learn from your mistakes : after practicing, take the time to review your performance critically. More on this below.

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MECE: Real-World Examples

StrategyU

Performance measurement: Enables clear tracking of marketing effectiveness per segment Using the MECE segmentation, the retailer can create distinct email campaigns for each motivation group, featuring appropriate products and messaging. A PM needs an approach to organize and prioritize the development backlog.

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Consulting Industry Overview: The 15+ Kinds Of Consulting

StrategyU

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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Five Powerful Consulting Frameworks: MECE, 7S, Porter’s Five Forces, BCG Growth-Share & Ansoff

StrategyU

Framework #2: The McKinsey 7-S Framework Aligns Your Organization for Success Imagine you’re trying to improve your company’s or team’s performance, but you’re not sure where to start. Developed by the Boston Consulting Group, this framework helps you visualize and balance your product portfolio.

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How To Build A Culture Of Excellence In A Consulting Firm

StrategyU

All these places had leaders who said the right things and talked about building cultures of high performance, high standards, and excellence but the lived reality always fell short. In my experience, senior consulting leaders overlook the delicate connection between the business model, and specifically pricing, and high-performing behavior.

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Eight common challenges of boutique consulting firms

StrategyU

People who were excellent at executing struggled to take a step back and be a thought partner with the client, helping design a longer more strategic approach to a problem. #7 7 No one is responsible for the process With almost everyone I’ve worked with, I ask them, “Who is responsible for obsessing over your internal process and performance?”

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

StrategyU

You might develop the next leg of your tree: This tree is not perfect and the answers at the lowest level are not collectively exhaustive for all the possibilities for increasing revenue and decreasing costs. How Issue Trees Are Linked With Problem Solving. Do you have a toolkit for business problem solving?