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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?

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Why McKinsey Will Win In The Age of AI

StrategyU

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. Invest heavily in software solutions to sell ongoing services to existing clients at higher margins.

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How To Beat The McKinsey Solve Game

StrategyU

Each mini-game within the Problem Solve Game presents you with complex, real-world scenarios that consultants might encounter in their work. But it’s not just about reaching the correct solution—how you approach the problem, the strategy you use, and the decisions you make along the way are just as important.

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The Magic Of Critical Thinking: How To Make Better Decisions

StrategyU

Dewey added that critical thinking is “suspended judgment, and the essence of this suspense is inquiry to determine the nature of the problem before proceeding to attempts at its solution.”. An organization succeeds by taking the results of individual critical thinking and developing processes that can be implemented by others.

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Five Freelancing Skills That Matter – Lessons From A Former Strategy Consultant

StrategyU

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.

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Do Consulting Case Study Interviews Work? A deep dive

StrategyU

At the highest level, most cases are similar: The interviewer presents background on a “client’s” business problem or scenario (e.g., But coming up with solutions for a client’s problem is never as easy as pulling a framework out of a hat. 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

He was skeptical of how a team of twenty-something analysts and associates could address problems that his senior leadership team was struggling with. In consulting, you are solving problems that don’t have a clear solution, yet. Do you have a toolkit for business problem solving?