K overview 900 consultants 20 offices worldwide strong presence outside us 19. Management consulting techniques, tools and frameworks. If youve done any research on case interview frameworks, youll find that my approach is a bit different than what you might see elsewhere. Hbs case interview guide, page 2 overview of case frameworks a. Strategy consultants and business analysts often use these frameworks in order to clearly communicate their recommendations to their clients. Management as chair of the international council of management consulting consultancy institutes, i am delighted to lend support to the new uk management consultancy competence framework. Download it once and read it on your kindle device, pc, phones or tablets.
Working across industries worldwide, his executive coaching and management consulting assignments have included projects with astrazeneca, cisco systems, the estee lauder companies, fluor, hp, moodys analytics, and oracle. Heres a popular one from the techniques section of my consulting book. Top management consulting techniques, tools and frameworks. Nov 18, 2018 essential management consulting tools, techniques and frameworks 1. It is very loosely based on a situation with one of my first consulting e. Mece is a systematic problemsolving framework that helps to solve complex problems. There have been thousands of scientific articles trying to come up with innovative and useful frameworks in business, management and strategy. A case interview provides excellent insight into how well you would perform in a consulting situation. Then revenue can be split up into price and unit sales, while the total. Sample stakeholder management plan a stakeholder map can drive the type and frequency of interactions, e. These materials provided on an as is basis with no warranty or guarantee expressed or implied. However, a general understanding of the various frameworks will help you address appropriate issues within the case. It includes finding out how attractive the market is. Without a prior banking or consulting background, you will likely have to tailor your resume to appeal to the.
Be careful not to force a framework onto t he problem. They can include graphs, tables, charts and other data fields for the clear and digestible presentation of data collected. The idea is not that you have the right answer to a. A key feature explaining why management consulting met so much success in the past is that diagnosing a problem and identifying root causes both require unbiased and analytical inquiries.
The management of the customer interface identification and selection of attractive customers and enhancement of customers performance should establish best revenue ifttfh tt business model innovation customer targeting operational effectiveness the production and delivery of products and services to the customer. Master management consulting tools, techniques and frameworks. Every year or two they have conducted research to identify 25 of the most popular and pertinent management tools. All management consulting firms use business cases in the interview process. In case interviews, the mece principle is a valuable tool for creating management consulting firms that break down complicated problems into basic components you can evaluate and help you get to the root of the problem.
In fact, business cases are the key part of the interview. And a fellow associate frequently quips when asked what he does, i bring clarity to complex situations. This is a fundamental piece of the uk institutes strategy to promote excellence in management consultancy. This framework provides management consultancy advice for central government, armslength bodies, nondepartmental public bodies and the wider public sector. A systematic approach to change management prevents many problems before they start. Management consulting association guidebook 2004 cases industry overview frameworks interview guide classwork how many rollerblades in new york city. It measures metrics beyond typical financial metrics to help companies keep longterm strategic goals in focus and spot trouble before it appears in the financial statements.
The balanced scorecard is a framework for tracking important aspects of company strategy and for facilitating organizational improvement or change. Management consulting involves solving complex business problems and. We develop practical, customized insights that clients act on and transfer skills that make change stick. You can also apply the mckinsey 7s model to elements of a team or a project. The stakeholder management framework agile alliance. It can help you eliminate confusion and focus on key data that points the way toward success. Our guide to business case frameworks will help you. You will learn the most important frameworks and how to use them. To help you prepare for it, we listed ten management consulting frameworks that you should know. A conceptual model and a framework for management consulting article pdf available may 2011 with 967 reads how we measure reads. Prepare you to move on to intermediate level management consulting training. Deloitte is a leading global management consulting firm which is known for offering 12 comprehensive solutions, including technology and tax services, to its clients. Jon was vice president of executive development and global head of emc university for emc corporation, an 80,000employee technology company. What is a good example of a consulting framework and how.
Even if business experience and acumen can help prioritize some lines of inquiries, a consulting diagnostic and prescription. The framework can be used to examine the likely effects of future changes in the organization, or to align departments and processes during a merger or acquisition. Market sizing questions breaking down case interview frameworks welcome back to our case interview frameworks series, giving you a step by step approach to solve any case thats set before you. These are the same best practice frameworks used by the fortune 100 and global management consulting firms. Pdf harvard business school management consulting club. You need to be prepared for various types of business cases, and you should know the important frameworks, when to use them and how. Developed by the lamar soutter library, university of massachusetts medical school and the george c. The strategic management frameworks arnoldo hax alfred p. Management consulting involves individuals, whether selfemployed or employed, using their knowledge and experience, and their analytical and problem solving skills, to add value into a wide variety of organisations within a framework of appropriate and relevant professional standards, disciplines and.
How to prepare for a case interview mcgill university. The stakeholder management framework for teams, programs, and portfolios drew jemilo drew. Certified management consultant cmc competence framework cmc002 page 6 of 11. Pdf management consulting association guidebook 2004 cases. One of the ways to impress a bunch of senior managers is to show them such a simple frameworks. This is quite tough because of the pressure you feel with the time limit and recruiters presence.
It has increased the number of suppliers from previous frameworks and includes smaller suppliers. There are many techniques, tools and methods, models, frameworks. Its important to have at least a basic understanding of major theories and academic thought within the business field, and for this, hbrs 10 must reads is a great place to start. Other case interview prep resources often will give you dozens of frameworks to use in your preparation. Change delta framework from bcg management consulting. The art and science of people, facts, and frameworks kindle edition by kavanaugh, jeff. Read on and get an idea on how to overcome this challenge. Free business frameworks from management consulting firms. Sloan professor of management porter resourcebased view of the firm the delta model the frameworks for competitive positioning. Kevin coyne, a mckinsey alumnus and senior adviser to the firm on strategy, describes the gemckinsey ninebox matrix. Frameworks for a data management curriculum course plans for data management instruction to undergraduate and graduate students in science, health sciences, and engineering programs.
Mcf2 complements rm3745 management consultancy framework mcf, offering a range of consultancy services. Use features like bookmarks, note taking and highlighting while reading consulting essentials. A case interview provides excellent insight into how well you would perform in a consulting. Apply the right elements from your management consulting toolbox. Frameworks may or may not be appropriate for the case you are given. The fact is that in real life, consultants rarely use predefined frameworks to solve their clients issue. They dress to look that way but most of their magic powers come from application of simple techniques, frameworks and tools. It will help you be more efficient in buying consultancy by pooling requirements. Deloitte overview global brand recognition due to interview format 2 rounds of interviews solutions outside management consulting 18 industry groups.
Management consulting is the practice of helping organizations to improve their performance. Use on your next startup, in an existing small business, or to ace the case interview business success book 7 kindle edition by oliver, peter, reads, concise. Boston consulting group is an equal opportunity employer. Pdf download mckinsey case interview bcg case interview do law graduates get management. I like to say that management consulting requires a combination of ambiguity tolerance and rational problem solving. This question apparently can not be applied with any aforementioned framework. Flevypro is a subscription service for ondemand business frameworks and analysis tools. To expand on kyung metafor, frameworks are like hundreds of different tools in your tool belt. Consulting firms are looking for people who can show problem solving and business analysis skills, think under pressure and maintain a professional presence with their teams and the clients. The guide builds on our teams extensive, indepth experience within management consulting projects and recruiting. Use features like bookmarks, note taking and highlighting while reading consulting frameworks. Essential management consulting tools, techniques and frameworks.
All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity expression, national origin, protected veteran status, or any other characteristic protected under federal, state or local law, where applicable, and those with criminal histories. Pdf management consulting association guidebook 2004. For a more extended list of business frameworks, check out this page. Harvard business school management consulting club case interview guide harvard business school management consulting club case interview guide. Essential management consulting tools, techniques and frameworks 1. Management consulting involves individuals, whether selfemployed or employed, using their knowledge and experience, and their analytical and problem solving skills, to add value into a wide variety of organisations within a framework of appropriate and relevant professional standards, disciplines and ethics. Case frameworks management consulting case interviews.
Porters framework for explaining the profitability of a business competitive positioning. You should develop a framework for assessing case interview questions. Nov 21, 2018 top management consulting techniques, tools and frameworks management consultants are not born smart and almighty. Summer strategy consultant at accenture summer 2005. What is a good example of a consulting framework and how do i. The model categorizes the seven elements as either. This information is provided to you for free for noncommercial use. Its in a chapter entitled, in consulting the process is an essential part of the deliverable. This is a good framework when understanding industry capacity is the only factor. These management consulting templates offer guidance and support to consultants who are in need of a professional means of presenting their findings.
It is considered one of the top small firms in this industry and is known for its analytical rigor. Management consulting techniques, tools and frameworks udemy. Bart tkaczyk, a fulbright scholar at the university of california at berkeley, is the chief executive officer of energizers, llc, a strategic advisory firm. The guide, business case frameworks, will help you structure and solve your case interviews. Management consultants are always looking for things that are easy to achieve and bring big impact this is what we call low hanging fruits. Whether trying to boost revenues, innovate, improve quality, increase efficiencies or plan for the future, executives have looked for tools to help them. Analyze fast problems that are killing your business. During management consulting case interviews, you will be presented with a business problem. Mcf2 provides a compliant, cost effective way for central government and the wider public sector to access a variety of consultancy advice from a range of suppliers.
We have compiled a collection of 10 business frameworks. Each of these options carries with it a profile of varying risks, therefore a robust and effective risk framework is designed to assist. You are expected to critically analyze it and come up with sound recommendations. They span topics from growth strategy to change management to operational excellence. May 24, 2017 together these five frameworks cover a wide variety of purposes in strategic management consulting. Essential management consulting tools, techniques and. Over the past three decades, management tools have become a common part of executives lives.
How should the client go about entering the new market. Management consulting presentations template selected slides. Top 5 business frameworks according to strategy consultants. The idea behind this wellknown framework is to mathematically break down profit until you have gathered enough information to conclude, or to switch to a more qualitative framework. Those things have the highest priorities when it comes to implementation. Nov 15, 2018 change management frameworks are practically a requirement for any organization undergoing change.
An introduction to frameworks of consulting case study training before we look at individual cases, it is important to begin by looking at analysis frameworks that commonly can be used to address case study questions. Let us know what your favorite business framework is in the comment section below and perhaps we will cover your framework next time as well. Frameworks remain important as concepts to answer case studies, but you. Discover the key business frameworks you need to know for your interviews and. Management consulting templates and frameworks instant. Specifically, in this case interview framework, we break profit down into revenue and cost. Flevypro subscribers receive access to a library of curated business documents e. You will then need to choose a framework or analysis tool to structure your hypotheses see sample. Pdf harvard business school management consulting club case. You are welcome to forward this to your friends provided. This book compiles the top 10 articles on management and covers topics such as innovation, strategy, analytics, and managing change. A draft competency framework was created through consultation with other institutes of management consulting, cmcglobal, other professional associations, and two groups of invited cmccanada members. This brochure provides an overview of the management consultancy portfolio.
Rather, they create a unique framework based on mece principle specific to their problem. Harvard business school management consulting club case interview guide harvard. If you havent read our first article yet, we encourage you to go back and read it before continuing. The art and science of people, facts, and frameworks. My favorite work comes out of projects which are perceived as ridiculously complex, or stuck in the stratosphere of executive vision, and. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external and presumably objective advice and access to the consultants specialized expertise. A selection of strategic and organizational frameworks that continue to inform management thinking open interactive popup gemckinsey ninebox matrix. Those spreadsheets youll be working with as a management consultant need. Choosing the right framework is vital for success, whether that change is digital, cultural, or organizational.
What are the different management consulting techniques. June 2003 centre for leadership studies university of exeter crossmead barley lane dunsford hill exeter ex4 1tf. While we focus on management consulting companies, the framework and practices they used to sustain a thought. This may sound interesting but indeed intimidating and challenging. Bain advises clients on strategy, operations, technology, organization, private equity and mergers and acquisitions. New market entry, new product, new business, how to grow, strategy, turnaround, company position assessment.