Remove Business Problem Solving Remove Performance Remove Strategy
article thumbnail

How To Beat The McKinsey Solve Game

StrategyU

But it’s not just about reaching the correct solution—how you approach the problem, the strategy you use, and the decisions you make along the way are just as important. The McKinsey Problem Solve Game consists of different mini-games, each designed to test different aspects of your cognitive abilities and problem-solving skills.

article thumbnail

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. one that would focus on business strategy.

Insiders

Sign Up for our Newsletter

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

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

Performance measurement: Enables clear tracking of marketing effectiveness per segment Using the MECE segmentation, the retailer can create distinct email campaigns for each motivation group, featuring appropriate products and messaging. Performance analysis: Allows for easy comparison between channels.

article thumbnail

How I’d Use AI Tools (If I Still Worked In Consulting)

StrategyU

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.

article thumbnail

How To Build A Culture Of Excellence In A Consulting Firm

StrategyU

All these places had leaders who said the right things and talked about building cultures of high performance, high standards, and excellence but the lived reality always fell short. We tend to glorify words like “Strategy,” but strategy isn’t that complex. If so, how much? They never thought of it.

article thumbnail

Five Powerful Consulting Frameworks: MECE, 7S, Porter’s Five Forces, BCG Growth-Share & Ansoff

StrategyU

Ansoff’s matrix for growth strategy). Framework #2: The McKinsey 7-S Framework Aligns Your Organization for Success Imagine you’re trying to improve your company’s or team’s performance, but you’re not sure where to start. They thought the problem was just about salary (which would fall under “Systems”).