Tag Archives: Strategy

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 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 »

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 »

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 »