StrategyU

SEPTEMBER 20, 2024

Ansoff’s matrix for growth strategy). The 7 S’s are: Strategy Structure Systems Shared Values Style Staff Skills Now I know that you might be thinking, “That’s just a list of business jargon.” For example, let’s say you decide to shift your strategy from being a cost leader to a premium brand.

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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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StrategyU

SEPTEMBER 20, 2024

The Problems With Most Feedback There are many issues with traditional feedback. My person Pet peeves : Managers often focus on minor annoyances rather than major issues. Too many times, I have seen managers default to focusing on their own neurotic pet peeves. Do you have a toolkit for business problem solving?

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StrategyU

MARCH 10, 2024

The mystique of strategy consulting has inspired films such as Office Space and Up In the Air and TV shows like House of Lies. While I generally agree with many of the criticisms of strategy consulting, I am more interested in demystifying what consultants do and how you can learn the same skills without having to work in the industry.

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StrategyU

AUGUST 22, 2023

To demonstrate this, I asked Bard , googles AI chat tool, the following question: “What are three ways someone might use a tool like Bard that would help them work like a strategy consultant?” This information can then be analyzed to identify trends, patterns, and insights that would be helpful to a strategy consultant.

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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

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 Analyst and Associate Levels: Early-Career In Strategy Consulting. Strategy Consulting Firms Hire Entry-Level Consultants, But Typically Less Than Grad School Hires. One weird thing about the strategy consulting industry is that many people join the industry with an intention to leave.

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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

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

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

AUGUST 19, 2024

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. While at McKinsey, we were trying to solve something we had never solved before!

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StrategyU

MAY 29, 2024

He detailed how he had decided in high school, after getting into Stanford, that he would work in strategy consulting. At the highest level, most cases are similar: The interviewer presents background on a “client’s” business problem or scenario (e.g., Do you have a toolkit for business problem solving?

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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. . The (CLIENT) strategy team has around ## highly capable team members.

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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

JULY 23, 2021

Managing this delicate balance is vital to ensure you lay the groundwork to building a lasting freelance business. 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.” Click Here To Learn More And Enroll.

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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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StrategyU

OCTOBER 31, 2024

The most famous kinds of consulting The three biggest areas of consulting are strategy and operations, technology, and financial and transaction advisory. Here’s some examples of the “big three” industries: #1 Strategy and Operations Consulting At the top of the consulting world are firms like McKinsey, Bain, and BCG.

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StrategyU

OCTOBER 29, 2024

The most valuable professionals and leaders aren’t just smart – they consistently demonstrate an ability to solve complex problems. Analytical Thinking Analytical thinking is the ability to break down complex issues into manageable components and identify patterns in data.

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