Strategy for Management Consultants & Business Analysts
- 5.5 hours on-demand video
- 1 article
- 49 downloadable resources
- Full lifetime access
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- Certificate of Completion
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Try Udemy for Business- How to formulate a successful business strategy
- Pick the right strategy for your business
- How to analyze strategic choices in Excel
- Increase the value of your business or the businesses belong to your customers
- How to structure complex issues
- How to define key steps needed to achieve the selected strategy
- Estimate the impact of strategic option you have chosen
- Basic or intermediate Excel
- Basic knowledge of economics or finance
Course summary
What is the aim of this course?
Strategy is one of the most dreaded subject in any businesses. There are so many conflicting frameworks that is difficult to decide what to choose. In this course you will learn a framework that will help you formulate and execute the strategy for your businesses on the level of top consulting firms i.e. McKinsey, BCG, Bain, PwC, EY. You will also see how others are implementing their strategic choices.
This course will help you drastically improve your knowledge and skills in creating as well as executing a strategy for your business (or your customers’ businesses). It is designed for people who want to become management consultants, business analysts or work on creating and implementing the strategy inside the business. In the course you will learn 3 main things:
What strategic choices do you have and how to choose the optimal one?
How to calculate the impact of chosen strategy or tactic?
How to implement the strategy and how others are doing it?
The course is based on my 14 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from Retail, FMCG, SMG, B2B sectors that I worked for. On many occasions I had to not only formulate the strategy but also make sure that it is implemented. On the basis of what you will find in this course I have trained in person over 100 consultants, business analysts and managers who now are CEOs, Board Members , Operational Directors, COO, Investment Directors, Directors in Consulting Firms, etc. On top of that my courses on Udemy were already taken by more than 29 000 students.
I teach through cases so most of the lectures are case studies showing some business problems solved in Excel. In this way you get a lot of practical insight how to calculate the impact of strategic changes or how to decide which strategic option is useful. This skills will come handy during consulting projects. To every lecture you will find attached (in additional resources) the Excels shown in the lecture so as a part of this course you will also get a library of ready-made analyses that can, with certain modification, be applied by you in your work.
Why I decided to create this course?
Most consultants and business analysts are a bit lost during strategic projects. On one hand, you have a business you don’t quite understand as it is new to you. On the other hand, you have a multitude of frameworks that are conflicting with each other and quite often not practical enough. To make matters worse the customer - the business you are working for has problems with understanding what you are trying to convey with your thick presentations and thousands of Excels
Therefore, I have gathered all my experience into one framework that is easy to follow not only for you but also your customer. I believe in the power of data. That is why, I will show you also how to prove, using hard data and calculation in Excel, that certain strategic choice is good or bad. In order to make certain strategies easier to understand I have also added plenty of examples of businesses using specific strategy.
To sum it up, I believe that if you want to find a way to grow a business you have to become an expert in formulating and executing a proper strategy for this business. This course has all the materials you need to become one. That is why, I highly recommend this course not only to consultants or business analyst that have to advice their customer but also to owners, founders of businesses as well as board members.
In what way will you benefit from this course?
The course is a practical, step by step guide loaded with tones of examples, analyses, tricks, hints that will significantly improve the speed with which you formulate a strategy. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will know:
What strategic choices do you have and how to choose the optimal one?
How to calculate the impact of chosen strategy or tactic?
How to implement the strategy and how others are doing it?
What are consequences of a specific strategic choice for your business?
You can also ask me any question either through the discussion field or by messaging me directly.
How the course is organized?
The course is divided currently in 6 sections and will be adding new section to address other important issues. Currently you will find the following sections:
Introduction. We begin with little intro into the course as well as some general info on production
Do what you do but better. In the second section I will discuss the basic things you can do to improve its profitability without much of growth or expansion. This strategic direction is the best for people who are satisfied with the current size of their business
Expand your business. In this section I will show you different ways in which you can grow your business or your customers’ businesses in size. This strategic choice is perfect for those business that have a winning business model and a lot of room to grow. As always there will be loads of case studies, practical knowledge how to do in practice the necessary calculation in Excels
Go niche. In 4th section I will show you how you can protect your business by going into a niche. I will devote a lot of time to Blue Ocean Strategy and Low Cost Strategy – 2 very powerful strategic concepts that have been disrupting many markets
Transform. In 5th section I will show you how you can transform your business from your current vulnerable position into a better place with better margins and more room to grow.
Disrupt Yourself. In this section I will show you the last strategic option you may consider. Here you decide to look for ways to disrupt yourself before somebody else does it. I will discuss ways in which you can do it and I will show you plenty of examples of successful execution of this strategy
You will be able also to download many additional resources
Excels with analyses shown in the course
Presentation of slides show in the course
Links to additional presentations and movies
Links to books worth reading
At the end of my course, students will be able to…
How to formulate a successful business strategy
Pick the right strategy for your business
How to crunch data in Excel
Estimate the impact of strategic option you have chosen
Increase the value of your business or the businesses belong to your customers
How to structure complex issues
How to define key steps needed to achieve the selected strategy
Who should take this course? Who should not?
Management Consultants
Business Analysts
Small and medium business owners
Startups founders
Controllers
Enjoy the course and if you have any questions or request just let me know
- Management Consultants
- Business Analysts
- current or futre CEO and COO
- Small and medium business owners
- Startups founders
- Controllers
In the second section I will discuss the basic things you can do to improve its profitability without much of growth or expansion. This strategic direction is the best for people who are satisfied with the current size of their business
One of the ways to improve your business is to improve processes. In this lecture I will discuss what you can do. Later on I will use an example to show you how it can be done in practice
Since we already know how in general terms to improve processes let’s go a bit deeper into details. Here I will discuss a case study we will use to show you how to improve a process. I will use as an Example a Do-it-Yourself chain and logistics processes that happen within the store
Imagine that you have a chain of physical stores and on-line store. What pricing would you use? How you would come up with the right pricing?
The impact of the price change on your profit will depend on a few factors. I will discuss in this lecture on what you should take into account and how to calculate it .
We will continue with the example from previous lecture. In this example of single store when we look at the sales and inventory level it is clear that there is too much stock. Let’s see what we can do about it
In many cases you can get high end result from compounding effect in time or by getting small improvements in many areas. In this lecture I will explain the concept. The compounding effect is especially important with low cost carriers. You need a lot of small improvements to make the difference in costs.
Last way to boost your profits without scaling is to get rid of non-core assets. In this lecture we will discuss the general rules for identifying which assets should be sold
In the next 3 lectures I will show you how to sell non-core assets. We will use the case of cosmetics producer
In this section I will show you different ways in which you can grow your business or your customers’ businesses in size. This strategic choice is perfect for those business that have a winning business model and a lot of room to grow. As always there will be loads of case studies, practical knowledge how to do in practice the necessary calculation in Excels
We will now try to check in practice how to find saturation point for a retailer. In this lecture I will introduce the case that we will work with for the next few lectures. You will be asked to find the saturation for grocery store operating in Poland
Here I will show you the solution to the previously introduced case
In this lecture I will start the case study that we will be solving for the next few lectures. Imagine that you are a Spanish fashion retailer and you want to figure out which countries you should enter. Therefore, you prepare a ranking of countrires that show attractivness and the size of each and every market.
You can also think about adding new products within existing categories. This is what we will discuss in this lecture
Not always an introduction of a new product makes sense. I will show you here how to check whether you are making the right decision. We will be using in this case a salad fast food that has just introduced 2 new products and you want to check whether it makes sense.
To show you how it can be done in practice we will discuss here the example of Benefit System from Poland that has expanded in many directions it main business of operating card giving you access to fitness clubs
Raynair is an example of a great execution of the low cost model in airlines. They have used 1 type of aircraft and increased their capacity, they do only point-to-point and use cheap airports. Raynair is also master of operational excellence and has been also very creative on the revenue streams
In this section I will show you the last strategic option you may consider. Here you decide to look for ways to disrupt yourself before somebody else does it. I will discuss ways in which you can do it and I will show you plenty of examples of successful execution of this strategy