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Strategy consulting isnt just about analyzing data and advising clientsits also about communicating complex ideas in a clear, persuasive, and compelling manner. In strategy consulting, clarity of purpose is paramount. In addition to this high level objective, its helpful to identify which kind of document you want to create.
These aren’t just templates or checklists for the sake of having them, these should be documents, and tools to help develop a shared understanding that is at the core. This can take the form of a team charter, a problem definition worksheet, or even a set of key questions to ask at each project stage. Who is the data wizard ?
“Strategy” is a word that attracts a lot of excitement in the business world. People who work on strategy get paid more and senior executives like to use the word a lot to talk about their decisions. In consulting, I worked with many companies helping them to develop strategies.
A common strategy is to start with a brand and then shift to working under your name later. In my case, I started freelancing under the name “Vivo Strategies.” At this point, I still use the Vivo Strategies for legal documents but rarely use it with anything else. The right answer is somewhere in the middle.
Management consulting focuses on improving overall organizational performance; strategy consulting helps companies decide on the best course for growth and competitive advantage; technology consulting centers on digital transformation and IT strategy; and there are many niche areas such as human resources, marketing, and operations consulting.
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. one that would focus on businessstrategy.
They might say yes initially but then I ask if they’ve read strategy reports, investor documents, done store visits (if appropriate), and done interviews to understand their clients better. We tend to glorify words like “Strategy,” but strategy isn’t that complex. If so, how much?
This can lead to frustration and wasted effort on trivial matters (I once had a manager who made me capitalize a word that really shouldn’t have been capitalized on every document). Do you have a toolkit for businessproblemsolving? Is the feedback timely and specific?
But what is problem-solving? From a psychological perspective, it’s a cognitive process in which a person uses mental strategies to achieve a goal or find an answer to a challenging situation. How are we planning on formatting various documents? Do you have a toolkit for businessproblemsolving?
This is similar to what I experienced at McKinsey and one of the biggest ways to improve your writing or businessproblemsolving is simply to spend way more time understanding the current state or issues than you are used to. . Minto believes that most documents answer four questions: What should we do?
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