The Mckinsey Way : Using the Techniques of the World's Top Strategic Consultants to Help You and Your Business

Product Information

The book is interesting. Very beautifully gives layman a glimpse of consulting. Anyone thinking of a career in one of the big 3 or trying to learn the practices of the consulting world should definitely read this book. What stays with me is the rigorous standard of information and analysis, the proving and double-proving of every recommendation, combined with the high standard of communication both to clients and within the Firm.”– Former associate in the Boston and New York offices

So if you wanna save time and effort. Always try to find those 20% and act upon them! Tip 7: Don’t try to analyze everything Adopt the Columbo tactic. Wait until a day or two passes, then drop by the interviewee’s office. “I was just passing by and remembered a question I forgot to ask”. This is a less threatening way to keep the conversation going. With both types, the number 1 option is to subtly trade them out of your realm. When that is not possible, the next best option is to play ignorant. Leak out information only with the right “secret audience”.

My Book Notes

I recently took part in the Women Academy Initiative to organize training courses for women entrepreneurs in Vietnam. I was excited to support fellow women leaders in the country and help them think through a platform for their career development. Practice: Practice your presentation before delivering it to ensure that you are comfortable and confident. This will also help you identify any areas that need improvement or clarification. Simon London: Hence, these are absolutely critical steps. If you don’t do this well, you’ve just got a bunch of analysis. Hugo Sarrazin: Yeah. It’s not like “Can we grow in Japan?” That’s interesting, but it is “What, specifically, are we trying to uncover in the growth of a product in Japan? Or a segment in Japan? Or a channel in Japan?” When you spend an enormous amount of time, in the first meeting of the different stakeholders, debating this and having different people put forward what they think the problem definition is, you realize that people have completely different views of why they’re here. That, to me, is the most important step. Business problems often resemble each other more than they differ. With suitable techniques, you can apply what you and the firm learned from other projects. After all, one of the values consulting firms bring is to provide the “best practice”– what the top players in the game are doing

Before the session, prepare in advance as much supporting data as possible. It will come handy in the process.Inside the White room: Start with tabula rasa — a clean slate. When you get your team into the room, leave your preconceptions at the door. Bring in only the facts, and find new ways of looking at them. Part 4: How to excel as a junior consultant Chapter 8: The Communication Process This chapter provides advice on how to communicate effectively with clients and colleagues. It emphasizes the importance of clear and concise communication, active listening, and the use of visual aids. Last but not least, look for the best practice. Find out what the best performers in the field are doing and learn from them.

Look over your shoulder – always. You never know who is listening. Remember that your client’s confidentiality is a must. Hugo Sarrazin: No, but it may be useful as a starting point. If the stakes are not that high, that could be OK. If it’s really high stakes, you may need level three and have the whole model validated in three different ways. You need to find a work plan that reflects the level of precision, the time frame you have, and the stakeholders you need to bring along in the exercise. Real meaning: The analysis just finished is so completely wrong that we can’t even claim it is directionally correct, or even that we found the right road. Break down and structure the analysis with the “ issue tree” framework: A “hypothesis-driven” process may take forever as there are millions of possible root-causes. We need to test hypotheses from the top to the bottom of the issue tree – a top-down fashion. These issue trees need to be MECE. Make one day a week to be completely free of work, both physically and mentally. Tell your boss about it! He/she will respect it. And so should you.