How to innovate – Management Consulting Hacks

Consulting firms are hired very often to help to change the Business Model. Those projects are difficult as you have to generate innovation and convince the firm to change. There is no one recipe for how to innovate. However, there are some proven techniques, frameworks, approaches that will help you find a way to innovate …

Data Visualization Principles for Management Consultants & Analysts

In consulting you will spend a lot of time creating presentations to show the results of your analyses to the customer. That is why data visualization is so important. With a proper display of data, you have more chances of convincing the customers that your approach makes sense. Today, you will learn how to use …

How to set up and run a Project Management Office (PMO)

Sometimes to create value in the firm, or manage a huge number of complicated projects you have to set up a Project Management Office (PMO). PMO is responsible for making sure that all strategic projects will be delivered on time. PMO has to also analyze and select projects and support project managers in managing project …

What consulting firms do during Merger and Acquisition projects?

Consulting firms are hired very often to help with Mergers & Acquisitions. Those projects are difficult as you have to deliver results fast and you have to deal with many stakeholders. You not only have to help select potential targets, model businesses in Excel but also you will have to estimate the potential benefits of …

How to conduct efficient meetings during consulting projects

During consulting projects, you will be doing plenty of interviews and meetings.  In the beginning, you may find them very stressful and challenging, especially, when you have to talk with directors, managers that are much older than you, and that have much bigger experience than you. Luckily, there are a lot of interesting techniques that …

What kind of financial analyses you will be conducting during consulting projects

During consulting projects, you will have to, one way or the other, conduct quite a lot of financial analyses. Even if you don’t want to be a master of finance I would suggest learning the essential financial analyses. Such analyses will not be the most exhilarating part of the project, but without them, you will …

How to improve the cash flow of the business during consulting projects.

Consulting firms are also hired to improve the cash flow of the firm. It may be a part of attempts to save a failing business from bankruptcy or simply improve the returns for the shareholders. Improving the cash flow, liquidity requires a certain methodological approach. In this post, I will show you the main methods …

How to cut costs – best practices from consulting

Every company has to control costs in order to survive and prosper. Therefore, many firms on regular basis perform cost reduction projects.  Cost reduction projects may be part of a wider Performance Improvement Project or be a standalone project carried out only in one of the business units. Those projects are extremely interesting because you …