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 …

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 …

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 …