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One of the most important ideas in consulting problemsolving is MECE. If you’ve been around current or former strategy consultants, you probably heard someone say this. It’s typically pronounced, mee-see. MECE is an acronym for the phrase Mutually Exclusive, Collectively Exhaustive.
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?
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.
If youre ready to go deeper, consider enrolling in Think Like a Strategy Consultant. I created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants.
Do you have a toolkit for businessproblemsolving? I created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants. If you’d like to work with us, please see more here.
Alternative Approach: Consider combining social media and affiliate marketing into a single category if the strategies and metrics used overlap significantly, then add a separate category for emerging digital channels such as mobile app advertising. Want more examples?
“Strategy” is a word that attracts a lot of excitement in the business world. People who work on strategy get paid more and senior executives like to use the word a lot to talk about their decisions. In consulting, I worked with many companies helping them to develop strategies.
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. Do you have a toolkit for businessproblemsolving?
Management consulting focuses on improving overall organizational performance; strategy consulting helps companies decide on the best course for growth and competitive advantage; technology consulting centers on digital transformation and IT strategy; and there are many niche areas such as human resources, marketing, and operations consulting.
Here is an excerpt from Lords of Strategy about how BCG helped to repackage this thinking: BCG devised the curve in 1966. A client, General Instruments, was having trouble matching competitors’ prices in its television-components business. If they are, then there is a clear problem. Wishful Thinking? ” Damn.
.” This is the overarching aim of most businesses and this broad, general goal provides a way for company leaders to look at this framework and have an entry point where they can find agreement. Do you have a toolkit for businessproblemsolving?
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.
Do you have a toolkit for businessproblemsolving? I created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants. Ask yourself while working on things: “So what?” ” “So what?”
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 ProblemSolve Game consists of different mini-games, each designed to test different aspects of your cognitive abilities and problem-solving skills.
In my several years in strategy consulting, I learned about the many ways data, information and charts could be used to fit with an existing storyline. Do you have a toolkit for businessproblemsolving? Most of the time this is done in good faith but other times it enters into a grey area.
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.
In my course, Think Like A Strategy Consultant, you have to complete an issue tree for a case example featuring Facebook’s transition from desktop to mobile and I’ll walk you through the process step-by-step which also providing you feedback if you want. Do you have a toolkit for businessproblemsolving?
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.
Do you have a toolkit for businessproblemsolving? I created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants. Is the feedback timely and specific? Have I made an offer to help them act on the feedback?
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.
Check out this video for a deeper dive into MECE and other strategy consulting skills. Do you have a toolkit for businessproblemsolving? I created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants.
I started StrategyU with the intention of teaching knowledge workers the tools, frameworks, mindsets, and approaches that I learned in strategy consulting. When I started this, I thought that my audience would be people in big companies stuck inside strategy, finance, or analytics groups that didn’t have access to training.
She gives credit to her time in consulting for being able to become a CEO: “I don’t think I could have gotten here without a strategy consultant background because it taught me inductive thinking. Do you have a toolkit for businessproblemsolving?
In 1976 the founder of Boston Consulting Group, Bruce Henderson published a strategy memo with a bold claim : “ a stable competitive market never has more than three significant competitors, the largest of which has no more than four times the market share of the smallest.”. Do you have a toolkit for businessproblemsolving?
Related Essays And if you’d like to explore this thinking further, here are some resources you can spend time with: Critical Thinking Is Still Valuable How I’d use AI tools if I were still a consultant Do you have a toolkit for businessproblemsolving?
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.
Do you have a toolkit for businessproblemsolving? I created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants. So remember. Start from the top. Tell people why it matters.
This is why consulting can feel more like therapy than businessproblem-solving. This is the value of a consultant, the ability to continue to search for the problem behind the problem. Do you have a toolkit for businessproblemsolving? In consulting, things are always changing.
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. Do you have a toolkit for businessproblemsolving? Another way of applying structure is through frameworks.
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.
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?
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. Remember, effective problem-solving isn’t about having all the answers – it’s about asking the right questions.
In 2012, I was first exposed to the world of freelance strategy consultants while working for a-connect. I wanted something that signaled a firm and also allowed me some flexibility in the type of work I did (I landed on Vivo Strategies). At the time, I had a hunch that this was a path I wanted to explore.
Do you have a toolkit for businessproblemsolving? I created Think Like a Strategy Consultant as an online course to make the tools of strategy consultants accessible to driven professionals, executives, and consultants.
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. . The (CLIENT) strategy team has around ## highly capable team members.
The most valuable professionals and leaders aren’t just smart – they consistently demonstrate an ability to solve complex problems. Analytical mindsets allow problem solvers to navigate through complexity and arrive at data-driven solutions as efficiently as possible. We can’t really shape things without imagination.
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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