Remove Business Problem Solving Remove Performance Remove Problem Solving
article thumbnail

Obsessing On Process & Meta-Process: The Secret of High-Performing Consulting Firms

StrategyU

There are countless frameworks and methodologies out there DMAIC, the scientific method, the McKinsey 7-step problem-solving process , and many more. But what separates truly high-performing consulting firms and consultants from the rest? Do you have a toolkit for business problem solving?

article thumbnail

What Consultants Actually Do?

StrategyU

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. Consulting can be divided into several kinds of work.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ten Business MECE Examples

StrategyU

What might be improved: Some projects might benefit from a dedicated monitoring phase between execution and closure to address performance issues in real time. You can check out the social media examples and others Do you have a toolkit for business problem solving? Want more examples?

article thumbnail

How To Beat The McKinsey Solve Game

StrategyU

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 Problem Solve Game? During the game, you’ll be faced with complex problems that need to be solved quickly.

article thumbnail

The Strategy Consulting Industry: Firms, Trends & Compensation (2025)

StrategyU

For new hires coming straight out of undergraduate programs, McKinseys base salary typically ranges from $112,000 to $120,000, while MBA hires can command base salaries of around $190,000 to $200,000with performance bonuses pushing total compensation even higher. Business Insider ).

article thumbnail

Issue Trees – What Are They and How Do You Use Them?

StrategyU

The next step is to develop analyses or experiments that you can perform to validate or quantify how much impact can be generated by focusing in each of these areas. How Issue Trees Are Linked With Problem Solving. At StrategyU we are fans of the SCQA process to define problems and develop hypotheses. Learn more here.

article thumbnail

MECE: Real-World Examples

StrategyU

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.