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Use The Pyramid Principle To Communicate Like A CEO

StrategyU

It comes from the classic business book: The Pyramid Principle by Barbara Minto. You may find: The economy weakened, hurting purchasing power A new competitor took 20% market share Manufacturing delays led to product shortages The insight could be: “Sales declined due to external economic factors and internal execution issues.”

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Exploring Consulting Frameworks: The Experience Curve

StrategyU

It was inspired by manufacturing learning curves, which were first identified in the 1920s and 1930s. A client, General Instruments, was having trouble matching competitors’ prices in its television-components business. In other words, your business will experience a lower unit cost as you develop experience or expertise in your niche.

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Why McKinsey Will Win In The Age of AI

StrategyU

I was focused specifically on manufacturing and supply chain knowledge and worked directly with client teams around the world working on these kinds of projects. I had a background in manufacturing engineering, had worked at GE, and also had experience working on factory floors, which made me a good fit for the role.

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A Brief History of Strategy Consulting: 100 years from Frederick Taylor to the “Next New Normal”

StrategyU

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 2 (1880s?

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

StrategyU

Managing this delicate balance is vital to ensure you lay the groundwork to building a lasting freelance business. I’ve been freelancing for four years. In the past two years, I’ve hired several freelancers and have found that many of them struggle with these things I learned in the early days of working on my own.

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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.”. The problem with defining critical thinking in a more detailed way is that it sends one in a circular loop. What Is Critical Thinking?

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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. ” Example Project: A private equity firm is considering the acquisition of a midsize pharmaceutical manufacturer. “Consulting” is a broad term in today’s world.