Imagine you could learn the techniques taught by the world’s top consulting firms such as McKinsey and BCG without ever working at a firm!
What if you could put yourself in a position to earn a six-figure salary, not to mention maximize the efficiency of any business interests you have, all from the comfort of your own home?
You will learn to:
Management consulting involves identifying and suggesting important changes to what a company does and how they do it—developing a working strategic plan and guiding its execution with optimum effectiveness.
A management consultant learns everything about the product or service a company sells for profit and then finds more efficient and more profitable ways to sell that product or service.
College graduates with management consulting degrees receive offers from top firms with compensation approaching or exceeding $90,000 in their first year alone.
Experienced management consultants can earn well over six figures plus bonuses.
These techniques even work in your personal life.
Management Consulting Skills Essentials, gives you unlimited access to over 40 training videos you can view on any device!
You will receive step-by-step guides to marketing analysis, product strategy, process improvement, and company analysis.
You will access in-depth case studies, templates, tool kits, and methodologies.
In addition to 40+ training videos, read and refer back to our all-inclusive, 200-page PowerPoint presentation.
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Hi, I'm Simon Richardson. Thanks for watching my course.
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You only need to have prior exposure to a couple of topics, and then you'll get the most out of management consulting skills essentials training program.
Whether you are a beginning management consultant or a passionate business profession who wants to improve career, or even a young entrepreneur of a startup, this course is designed to inspire, inform.
As a strategy consultant, however, the problem solving process becomes more than a background procedure in the mind; it becomes an active approach to the client’s individual situation.
Analytical thinking is an essential skill for survival in today's business world. The more complex the problems you face, the more complex your thinking and problem solving techniques must be to meet the challenge.
Creativity is an essential tool, if an often undervalued one. The familiar is comfortable and the creative is unfamiliar.
Another aspect of working as a management consultant is performing interviews. Here we will discuss a number of situations pertaining to the different types of interviewees.
Sifting through massive amounts of data is par for the course as a management consultant. In addition, there are various sources of data, such as website performance, customer service, product adoption, sales performance, and marketing campaign results.
Planning is an often overlooked component that is never the less very valuable to the management consulting business. An effective project plan can negate complications, speed completion time, and save money.
As a management consultant, lots of chances are that you will be given responsibility for a project at early time in your career. As part of your role, you will want to make sure that the project is progressing as expected and that any issues are being addressed. Project meetings are one of the most common ways of doing this.
Teamwork is the foundation of management consulting. In fact, it is one of the primary metrics in which we grade potential recruits.
Management consultants are multi-taskers. While you will be pulled in many directions by any given project, and frequently interrupted, you must find a strategy for managing your time and decide how much time you will spend on interruptions, conversations, actions, and thoughts in order to become successful.
In this lecture, I’ll introduce a great but super-easy-to-use approach that I’ve been using for quite a while – Pomodoro approach.
As your reputation increases, your role as a management consultant will grow in scale and influence. Your ability to listen actively must increase along with your role, but active listening does not come naturally.
Conflict is an unfortunate part of human nature. It leads to heated words, violence, and wars between nations, and can, indeed, become a destructive force within your project. Sometimes this manifests as grumbling over overtime, or contention on project milestone date, rather than loud arguments or different personalities. However, conflict can be productive if managed correctly.
Coaching is arguably one of the most meaningful parts of management consulting. It is not necessarily a formal part of management consulting, but it is necessary and rewarding. Without coaching, junior consultants would be left to fend for themselves in an often unfriendly and challenging profession.
The framework of a business, as the name implies, is the structured approach to analyzing and solving common business problems. These structures allow consultants to apply a methodical approach to solving a given client's business concern.
Porter's Five Forces is often used to identify whether new products, services, or businesses have the potential to be profitable, but it can also prove invaluable in analyzing and understanding the balance of power in various other situations.
Let us imagine a man. His name is John Smith. He's reached a point in life where he is deciding whether it makes sense to switch career. The one career he's very interested in is becoming a fisherman. The appeal of the job comes from his love for the ocean combined with that he wants to be his own boss. To consider the option seriously, he uses the Five Forces Analysis to analyze the situation
The process of identifying best practices by analyzing both the product and the processes by which those products are created in delivered is known as benchmarking. Here we will examine the benchmarking process and differentiate between different types of benchmarking.
There is a clear process which you can use. Let me take you through the Benchmarking process in this lecture
The nine box matrix plots to BU on its 9 cells that indicate whether the company should invest in a product, do further research on the product and invest if there are funds left over, or harvest / divest the product entirely.
To help you understand it better, let us consider Apple in 2013. Apple has a variety of business units. Each of those units operates in a different market. These units include smartphones, computers, laptops, tablets and the app store. Using the GE McKinsey matrix can help management decide which units the company should invest in, develop, and divest.
Capabilities that are critical to the success of a business and the achieving of the competitive advantage whether temporary or sustainable are referred to as core competencies.
To demonstrate Core Competencies, I will use examples from around the globe.
The BCG Growth Share Matrix was developed by the Boston Consulting Group in the 1960s and laid the groundwork for the GE McKinsey Matrix by formulating a framework in which companies could prioritize and determine investments for their various business units.
With this case I'll take you through the process of BCG growth share matrix and then give an example.
The four P’s of marketing. Also known as “The Marketing Mix”. The four P's are a set of tools that can enable companies to gain an advantage within the marketplace by maximize a product’s potential. The 4 P’s are Price, Product, Promotion and Placement.
In this lecture, I'll teach you how to develop a marketing mix
In 1996, the Balanced Scorecard approach to strategic planning and organizational management systems evolved from these rudimentary metric driven incentives, published by distinguished Doctors Robert S. Kaplan and David P. Norton.
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