StrategyU

SEPTEMBER 11, 2023

McKinsey was one of the first firms to invest heavily in “knowledge management” in the early 2000s. Before going under the fancier sounding “knowledge,” most consulting firms had libraries with physical books and resources that were managed by professionals with a background in library science. It was really good.

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StrategyU

MARCH 10, 2024

Often hysterically funny and uncomfortably close to the truth (the consultants’ whiteboard in Office Space with the title “Planning to Plan” is a personal favorite), Hollywood’s depiction of strategy consulting relies on an out-of-date perception of management consulting that looks nothing like the reality of the present.

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StrategyU

JANUARY 27, 2021

Indro Nooyi was the CEO of Pepsi and now works with the Yale School of Management as well as working with the state of Connecticut on the Covid-19 rollout. The courses I enjoyed the most (at Yale) were statistics and operations management. Do you have a toolkit for business problem solving?

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StrategyU

APRIL 19, 2022

The shift from the post-graduate position which focuses on data analysis and execution to the project manager position is the hardest in consulting. The Project Management and Pre-Partner Roles. Bain has two roles at the project manager level – Manager and Senior Manager.

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StrategyU

NOVEMBER 18, 2021

For example, there are many pages of detail specific to “Stronger”: It lists a number of specific initiatives: Building capabilities Consumer-centric innovation Holistic cost management. A big challenge that many people face is that they get stuck in the “middle management trap.”

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StrategyU

AUGUST 22, 2023

This might help you prepare for a negative reaction from a manager by more easily letting you practice going through the experience beforehand. Do you have a toolkit for business problem solving? There are so many more potential uses but if you’re not at least playing around with it, I think you are missing out.

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StrategyU

NOVEMBER 15, 2023

This is why consulting can feel more like therapy than business problem-solving. This is the value of a consultant, the ability to continue to search for the problem behind the problem. Managing scope creep is an art and how much “creep” a consultant allows is really a matter of judgment.

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StrategyU

SEPTEMBER 20, 2024

It’s not just about your direct competitors, but about the entire ecosystem your business operates in. Framework #4: The BCG Growth/Share Matrix Helps You Balance Your Product Portfolio If you’ve ever felt overwhelmed trying to manage multiple products or consider multiple business units, the BCG Matrix will help you.

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StrategyU

OCTOBER 2, 2023

The tendency to feel like you need to “prove” to managers or senior leaders that you spend a lot of time working on something. Do you have a toolkit for business problem solving? In consulting, I was taught to start with the answer. It feels weird because of a tendency I call book-report thinking. So remember.

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StrategyU

OCTOBER 6, 2024

Specifically, they all: #1 Have a top-management mindset #2 Obsess over process and meta-process #3 Embrace clear “standards of performance” Principle #1: Top Management Mindset – Have employees that can think “from the top “ Many people operating inside companies are laser-focused on the everyday tasks of their jobs.

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StrategyU

AUGUST 19, 2024

At GE, where I worked previously, no one talked about anything beyond how to format spreadsheets to avoid triggering the managers and higher-ups. While at McKinsey, we were trying to solve something we had never solved before! Do you have a toolkit for business problem solving?

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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

SEPTEMBER 28, 2022

Some examples she offers: The company should have three objectives There are two problems in the organization We recommend five changes. To make this more concrete, imagine you are making a pitch to your manager. Do you have a toolkit for business problem solving? You’ve determined there are three main issues.

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StrategyU

MAY 29, 2024

Do you have a toolkit for business problem solving? Most people leave consulting. The average tenure is less than three years. I rather help you learn skills that will last the rest of your career.

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StrategyU

JULY 23, 2021

Managing this delicate balance is vital to ensure you lay the groundwork to building a lasting freelance business. Do you have a toolkit for business problem solving? However, if you’re hedging, others will know it too. Click Here To Learn More And Enroll.

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StrategyU

SEPTEMBER 16, 2022

This is similar to what I experienced at McKinsey and one of the biggest ways to improve your writing or business problem solving is simply to spend way more time understanding the current state or issues than you are used to. . Do you have a toolkit for business problem solving?

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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. Do you have a toolkit for business problem solving? Because they know that by remaining open to new ideas and possibilities, better answers usually emerge.

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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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