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In 2025, the world of strategy consulting continues to evolve rapidly. Over the past decade, the strategy consulting industry has weathered several transformational wavesfrom postpandemic recoveries and digital transformation booms to increased demand for sustainability and costoptimization strategies.
Strategy consulting isnt just about analyzing data and advising clientsits also about communicating complex ideas in a clear, persuasive, and compelling manner. In strategy consulting, clarity of purpose is paramount. Do you have a toolkit for businessproblemsolving?
Consultants are brought in to diagnose problems, identify opportunities, and recommend actionable solutions. These are presented in well-structured slide decks that outline the situation, findings, and proposed solutions. This requires careful planning, progress tracking, and sometimes adjusting strategies as new data emerges.
Each mini-game within the ProblemSolve Game presents you with complex, real-world scenarios that consultants might encounter in their work. 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.
At StrategyU we are fans of the SCQA process to define problems and develop hypotheses. This approach enables us to have a rigorous problem-solving approach to businessproblems instead of starting with the solution in mind from the beginning. Do you have a toolkit for businessproblemsolving?
Invest heavily in software solutions to sell ongoing services to existing clients at higher margins. How can I build this capability internally and not depend on external software solutions? I also think you’ll see a lot of wasted effort on solutions that clients may not care about. What are the best use cases?
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” businessproblem or scenario (e.g., Do you have a toolkit for businessproblemsolving?
This is similar to what I experienced at McKinsey and one of the biggest ways to improve your writing or businessproblemsolving is simply to spend way more time understanding the current state or issues than you are used to. . Direct : solution, situation, complication Indirect: situation, complication, solution.
They might say yes initially but then I ask if they’ve read strategy reports, investor documents, done store visits (if appropriate), and done interviews to understand their clients better. We tend to glorify words like “Strategy,” but strategy isn’t that complex. If so, how much? They never thought of it.
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. In consulting, you are solvingproblems that don’t have a clear solution, yet. It’s a fair question.
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.” At this point, I still use the Vivo Strategies for legal documents but rarely use it with anything else. The right answer is somewhere in the middle.
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 businessstrategy.
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.”. Do you have a toolkit for businessproblemsolving? This process is not natural.
The most valuable professionals and leaders aren’t just smart – they consistently demonstrate an ability to solve complex problems. This discovery completely reframed the problem and led to a more effective solution. Why is this solution better? Good problem solvers thrive in these sessions.
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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