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One of the most important ideas in consulting problemsolving is MECE. Part 2: Collectively Exhaustive In order to be collectively exhaustive your set of information needs to cover all possible options. If you’ve been around current or former strategy consultants, you probably heard someone say this.
Important messages repeatedly get missed, information gets buried and lost, and you’re always sliding in just under the wire — or worse, after the deadline. We’ve pulled together this list of problem-solving tools that will address some common team roadblocks and increase productivity within your business. .
We define the problem, we gather data, we analyze, we synthesize, and we make recommendations. There are countless frameworks and methodologies out there DMAIC, the scientific method, the McKinsey 7-step problem-solving process , and many more. What information do we need at each stage? is the topic expert ?
Bottom-Up : Using the principles to go from lots of information to a synthesized core idea Top-down: Once you have a structured set of ideas using things like MECE, this is how you think about organizing the sequence and order of events. Above that are the “insights” – you synthesize your information into the “so what?”
Structure Your Story Using Proven Frameworks Consulting presentations are built on a solid framework that makes complex information accessible. The SCQA Framework Using the SCQA framework in your presentation is about shaping your underlying problems and hypotheses that drive the work.
You can check out the social media examples and others Do you have a toolkit for businessproblemsolving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solveproblems, and develop presentations that resonate at the C-Level.
“Problem-solving” is one of the most overused and least understood phrases in the business world. When many people talk about solvingproblems, they are rarely talking about a problem-solving process. What I got wrong about problem-solving What are the most important skills you need to be successful?
By the end, youll have a clear picture of the work consultants perform, the skills they bring to the table, and why their work is so crucial for businesses around the globe. An Introduction to Consulting At its core, consulting is all about problem-solving. Do you have a toolkit for businessproblemsolving?
The reason they are used so widely is that they are a hyper-effective way of sharing information, especially when you are trying to share that information with an audience (typically, the client) that does not have deep familiarity with the data. A better way of sharing loads of information is by using a framework.
It’s not just any test; it’s a game designed to challenge your thinking, and your problem-solving abilities, right from the start—every click you make counts on how you will be perceived. What is the McKinsey ProblemSolve Game? As you prepare to take on this challenge, the weight of its importance bears down on you.
Do you have a toolkit for businessproblemsolving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solveproblems, and develop presentations that resonate at the C-Level.
” The job of a great consultant is not just to repackage information. It is to put that information into the client’s context and then give them actionable information about what they should do next. Almost every company I’ve done workshops for has the same problem: they don’t ask “So what?
How Issue Trees Are Linked With ProblemSolving. At StrategyU we are fans of the SCQA process to define problems and develop hypotheses. This approach enables us to have a rigorous problem-solving approach to businessproblems instead of starting with the solution in mind from the beginning.
Its network of offices across several countries enables it to deliver strategic advice that is both globally informed and locally relevant. Do you have a toolkit for businessproblemsolving? Roland Berger: Remains a key player in Europe and beyond with revenues of around $1 billion.
In my several years in strategy consulting, I learned about the many ways data, information and charts could be used to fit with an existing storyline. This builds on the last charge and adds the “missing” information of the percentage of men who are Fortune 500 CEOs. What is the intent of this presentation of information?
Companies hire consulting firms because of their ability to deploy a rigorous problem-solving process to a wide range of problems. The McKinsey problem-solving approach is one example and is been copied and altered by many companies in the business world. Do you have a toolkit for businessproblemsolving?
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 solveproblems more effectively. MECE (Mutually Exclusive, Collectively Exhaustive) is a powerful problem-solving framework that is used in management consulting and various business functions.
Who wouldn’t want to test a candidate’s problem-solving abilities (rather than hear about them in the traditional behavioral interview)? The Most Famous Case Practice Book Marc Cosentino has the best business plan for books: write one that almost everyone who wants to work in consulting has to buy.
These two things transform a team of consultants from a mere group of smart individuals into a cohesive problem-solving machine. It underpins all great communication and problem-solving. use MECE not just for problem-solving, but also for structuring your communication. Ansoff’s matrix for growth strategy).
You just got a meal of useless information. The biggest problem with this is that people know about the feedback sandwich. Do you have a toolkit for businessproblemsolving? The reason this resonates, however, is that most people don’t get positive feedback.
” Here is what it said Here are three ways someone might use a tool like Bard to help them work like a strategy consultant: Gathering and analyzing information. Bard can be used to quickly and efficiently gather information from a variety of sources, including news articles, research papers, and social media.
Although these were often focused on different levels of the business and different topics, all of the “strategies” were similar. The presentation includes a detailed assessment of Pepsi’s past, its current situation, and then a lot of specific information about each of the three pillars.
That’s exactly what Lilli is, According to them, “Employees can prompt Lilli with a question, and the tool will scan the knowledge base, locate five to seven relevant pieces of information, summarize key points, include links, and identify experts in the field.” They were experts in helping people find information.
If you’d like to go to the previous section you can find the following links to each: Logic In Writing Logic In Thinking Logic in Problem-Solving Logic In Presentation. It’s a nudge to go beyond sharing a bunch of information and thinking about what you are really trying to say. Avoid “Intellectually Blank Assertions”.
Part of this comes from insecurity but another part comes from the reality that you went through your own extended learning journey with the information. ” But from the listener’s perspective, if you are taking them down a rabbit hole of detailed numbers and information it can be tedious and frustrating.
Buttigieg was an entry-level analyst and never seems to have worked on anything consequential but gives McKinsey credit for being able to make sense of information : As a consultant at McKinsey, I learned the value of data and the ability to shape that information into an answer. Do you have a toolkit for businessproblemsolving?
This is why consulting can feel more like therapy than businessproblem-solving. This is the value of a consultant, the ability to continue to search for the problem behind the problem. This usually requires really spending time with the client and people inside the organization in a formal and informal way.
As stated earlier, it’s hard to find very specific single industry companies and products and also find their market share information. It’s easy to get information on the beer industry on the beer industry in the US so I thought I’d see how it fared. Do you have a toolkit for businessproblemsolving?
Do you have a toolkit for businessproblemsolving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solveproblems, and develop presentations that resonate at the C-Level.
Do you have a toolkit for businessproblemsolving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solveproblems, and develop presentations that resonate at the C-Level.
To do great work, you need to put information in context and to put your tasks in context, you need to have an understanding of what your business actually does. Do you have a toolkit for businessproblemsolving? Is your marketing group responsible for click-through rates?
Do you have a toolkit for businessproblemsolving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solveproblems, and develop presentations that resonate at the C-Level.
Do you have a toolkit for businessproblemsolving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solveproblems, and develop presentations that resonate at the C-Level.
Check Out The Course Since 2017, I’ve been collecting the lessons I’ve learned as a freelancer, which includes case studies, how-to’s, templates and more Enroll Now Do you have a toolkit for businessproblemsolving?
Do you have a toolkit for businessproblemsolving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solveproblems, and develop presentations that resonate at the C-Level.
I will cover each of the four sections of her book: Logic In Writing Logic In Thinking (coming soon) Logic in Problem-Solving (coming soon) Logic In Presentation (coming soon). Minto’s first job in the business world was working for Cyrus Eaton, who founded the Pugwash Conferences of nuclear scientists. Barbara Minto.
After spending over a decade in strategy consulting and advising hundreds of business leaders, I’ve noticed that traditional “intelligence” or subject matter expertise isn’t what sets great problem solvers apart. In other articles, I’ve covered problem-solving approaches and processes.
Do you have a toolkit for businessproblemsolving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solveproblems, and develop presentations that resonate at the C-Level.
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