StrategyU

SEPTEMBER 10, 2024

But even if I hadn’t gone on to work in consulting, I now know that MECE is a valuable tool for anyone who wants to think more clearly and solve problems more effectively. MECE (Mutually Exclusive, Collectively Exhaustive) is a powerful problem-solving framework that is used in management consulting and various business functions.

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Consulting Retail Problem Solving Motivation 52

StrategyU

SEPTEMBER 28, 2022

For example, let’s say you are assessing a business. You might create a simple framework looking at things from a high-level: strategy, finance, operations, and talent. Some examples she offers: The company should have three objectives There are two problems in the organization We recommend five changes.

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Consulting Problem Solving Business Problem Solving Communication 52

StrategyU

JULY 5, 2020

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. Chapter 1: Frederick Taylor: “The System Must Be First”.

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StrategyU

OCTOBER 29, 2024

Analytical Thinking Analytical thinking is the ability to break down complex issues into manageable components and identify patterns in data. Consider any major business transformation – whether it’s developing a new product, entering a new market, or restructuring an organization.

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Consulting Problem Solving Solution Creativity 52

StrategyU

OCTOBER 31, 2024

But outside of these firms, there’s a huge spectrum of smaller consultancies doing similar strategy work with directors, VPs, and middle management, often building successful businesses with long-term clients. They also help with CEO transitions, governance structure, and crisis management.

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