Consulting firms are hired very often to help optimize processes and improve the quality of the products delivered. One of the frameworks used is the so-called Six Sigma which tries to find the root cause of problems using simple statistical analysis In this post, I will show you the main concepts. For more details, I …
How to create a lean office?
To stay competitive, you have to constantly look for improvements. In such situations, a lot of lean manufacturing techniques come in handy, even if you have mainly office workers. I will show you briefly how you can use lean manufacturing tools and other techniques to create an efficient lean office that helps you introduce your …
How to conduct management consulting projects devoted to Purchasing & Procurement
During Consulting Projects, a lot of attention will be devoted to Purchasing & Procurement. Usually, this area generates big cost reductions and helps improve liquidity. Finding potential savings is not always easy and requires a well-organized approach to company purchases. Luckily, there are a lot of techniques and frameworks that will help you in a …
Continue reading "How to conduct management consulting projects devoted to Purchasing & Procurement"
How to use Funnel Analysis in practice?
Funnels and funnel analyses are great tools that can help you find problems and opportunities, optimize processes as well as manage projects. They are widely used by technological firms. However, many industries are still not using them, despite their big potential. In this post, I will show you the main concepts. For more details, I …
What are Key Performance Indicators (KPIs) and how to use them in practice
Only things that are measured get managed. That it’s why it is vital for every business to have well-defined KPIs. In this post, I will show you the main concepts around KPIs. For more details, I recommend checking my online course: KPI and metrics for Management Consultants & Managers What are KPIs? Let’s first start …
Continue reading "What are Key Performance Indicators (KPIs) and how to use them in practice"
How to scale up a business – best practices from top firms and Management Consulting
If you have managed to build a successful business that is also profitable, at some point you will start thinking about scaling your business and drastically growing its size and profits. This will require a different approach than the everyday management of the business. You need different frameworks to scale fast & efficiently the business. …
Essential Segmentation Methods for Management Consultants & Business Analysts
If you are participating in a consulting project devoted to Sales & Marketing or Strategy most likely you will have to either do segmentation or analyze existing segments of customers. You will try to achieve it on the basis of internal data, market research as well as other external data. That’s why today we will …
Continue reading "Essential Segmentation Methods for Management Consultants & Business Analysts"
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, and approaches that will help you find a way to …
Continue reading "How to innovate – Management Consulting Hacks"
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 …
Continue reading "Data Visualization Principles for Management Consultants & Analysts"
Essential Pricing concepts for Management Consultants
Consulting firms sometimes help optimize pricing. You have to be very careful in this sort of project because a small change may have a huge impact both on the top line and bottom line. Analyzing changes in pricing is not easy as you have to take into account the relations between the products and the …
Continue reading "Essential Pricing concepts for Management Consultants"
Badass Consultants 