Tag Archives: Strategy

McKinsey Quarterly: The perils of bad strategy

Like anything valuable, good strategy is rare. Richard Rumelt, UCLA professor, outlines 4 common ways that companies often fool themselves into a bad strategy in a McKinsey Quarterly article here. Based on his book Good Strategy Bad Strategy: The Difference and Why It Matters (2011) (affiliate link). Bad strategy definitely exists. I would argue that that many organizational “strategies” are… Read More »

McKinsey: 10 tests of your strategy

McKinsey, in a 2011 article entitled Have Your Tested Your Strategy Lately?, makes the very valid point that executives and leaders too often treat strategy as a ” procedural exercise or set of frameworks”, rather than a way of thinking through problems. Amen. McKinsey’s advice is to not look for the newest strategy fad or business guru, but instead… Read More »

BCG: Atlas of Strategy Traps

Much more graphical. Take a look at Boston Consulting Group’s new website here – the design is more graphical, interactive, and actually. . . fun. Of the big 3 consulting firms, they are the first to step away from the standard menu-driven, list of solutions and industries. Their old website was very staid, but this is something… Read More »

BCG report: Improving the Odds – Strategies for Superior Value Creation

Boston Consulting Group released their 14th annual report on total shareholder value (TSR). It was worthwhile read, even if you are not in corporate finance. They talk about global trends in economics, capital flows, investor expectations and business generally. Simply put, this is what BCG is telling their clients about increasing shareholder value. I am… Read More »

Why culture trumps strategy

I first heard the phrase “Culture Trumps Strategy” in 2008. Intuitively this makes sense. Culture lasts. Culture is everywhere. Employees don’t need online training to understand it. It’s who we are. It’s what we stand for. It’s why I like my work. Ken Wilcox, Chairman of the Silicon Valley Bank gave a compelling talk on… Read More »

7 Key Questions: Who, What, Why, When, Where, How, How Much?

Who, What, Why, When, Where?  These are five questions kids learn in grade school or when first learning a language.  It covers the basics and helps you understand the situation and context.  My high school friends can attest to my poor memory, but even I can remember these basic words in french: Qui, Quoi, Quand,… Read More »

Accenture Q1: $7.2 billion in revenue, 45% outsourcing, 14.5% op margins

Accenture reported Q1 earnings yesterday. I knew that ACN was publicly traded, but never bothered to look at the numbers. Here is what I found in their 10Q SEC filing. Q1 Revenues of $7.22 billion, up 2% YoY Q1 Operating income of $1.05 billion, up 7% YoY Q1 Net income of $698 million Cash balance of … Read More »

Consulting Salary: How much money do consultants make?

Management consultants make good money.  They should not complain. If you look at the 2014 MBA graduation statistics of Harvard, Kellogg, Virginia, or Duke, you will see newly minted MBAs making about $135K + $25K of signing bonus if they go into consulting.  It is no wonder that it is one of the chosen careers of… Read More »

Bain & Co: Management tool and trends 2011 survey

Bain & Co conducts a survey every few years on how executives use management tools. Unsurprisingly, these are the exact tools that management consultants often use when coaching, prodding, and helping executive think about their business. If you want to learn more about any of the following 25 management tools, please download the Bain &… Read More »