Oh, storytelling

Most everyone will agree that storytelling is important for professional success. When I recently surveyed some working professionals MBAs (read: folks with jobs), they rated it a 6.3 (out of a 7 point scale) with a stdev: 0.7, n=62. No pushback here. Storytelling...

Speaking to 800 people tomorrow

Tomorrow is a big day in my journey.  Was voted by students as the distinguished educator of the year. Super winning. Speaking at the graduation celebration. This is the venue. Here is the outline of my talk. (My) Past:  Did not always know what I wanted to do The job...

Great next job? Yes, please. . .

Charles Aris is a recruiter out of North Carolina that places ex-strategy consultants. Yes, you should sign up for their newsletter. They do great work. Some of their post-consulting job postings here. EVP of Strategy & Corporate Development (Boston –...

Online market for consulting?

Platform for consulting? A few ex-consultant friends and I mused over this concept several times in Marriott hotel bars across the country. “Why not set up a two-sided platform (think: VRBO, UBER) where companies can hire consultants for 1/3 of the price? Cut...

Good is predictable, great varies

Managers assume too much We get busy and think to ourselves, “I have seen this problem before, I know what to do, why don’t you get it?”  We (falsely) assume junior consultants should know what we know.  Silly bias. As result, expectations can be...

What is management consulting?

Management Consulting. It’s a lot of things. It is an industry; we all know McKinsey, BCG, Bain, Deloitte, PWC, and others. It is a profession built on asking good questions. It is a team sport. It is a bit of an attitude. It is a tribe that is difficult to get...

What do BCG presentations look like?

What does good look like?  All thoughtful business people are curious what good presentations look like. Here are a dozen+ presentations (freely and publicly available online) from Boston Consulting Group. These BCG decks may not be in your industry, or your function,...

Focus on expertise and relationships

Wrote this blog post in 2013  (yes, when I was 20% younger). New comments in red color. Key takeaway (TLDR), focus on getting really good at your craft (read: expertise, professionalism) and relationships. Three kinds of power: positional, relational, and expertise...

Why don’t we listen to experts?

Death of expertise I saw this book at the library and was intrigued by the cryptic title: Death of Expertise: The Campaign Against Established Knowledge and Why it Matters (affiliate link), by Tom Nichols. I flipped through the book and landed on this high-powered...

Case interview season begins

It’s case interview season Seems like students just got to school. Moving in, meeting a few people, and getting into an academic groove. Then, BBAM it’s late September and time for case interviews. There is one huge upside. You may have a job offer before...

Have strong opinions, loosely held

Love this expression I first heard this in a Tim Ferris interview of Marc Andreessen here (min 6:10). Andreessen created the Netscape Mosaic browser (making the internet easy to navigate), sold it to AOL for $2B, then spent last 15+ years investing and running a...

Career opportunity: Swing like Tarzan

Career is not a straight line So much is changing. Interest rates, geopolitics, hybrid work, expectations of work/life balance. After so many years of continued specialization (yes, do one thing well), we are finding that we all need generalist skills too. Swing like...

BMI: Bureaucracy Mass Index?

I first read this catchy acronym in the Harvard Business Review here. It’s not a subtle metaphor, but very easy to understand. Apt. Vivid. In the United States, we have a huge obesity problem, and frankly, the same thing exists in corporations. This is not...

Not easy, implementation takes guts

Consulting is a big tent Consulting comes in many flavors. Or in other words, it spans all industries + non profit + governmental. Whatever story you read about in the WSJ, there is a consultant and an attorney who can help (or at least say they can help). M&A,...

What is hypothesis-based consulting?

Hypothe – what? Yes, I know it sounds like jargon, but actually it’s part of the secret sauce of management consulting.  It’s more than educated guessing; this is how consultants smartly break down complex or ambiguous problems, and quickly start...

What is the Peter Principle?

This was a phrase coined in 1969 by Dr. Laurence Peters – an educator who wrote a 100+ page satire called The Peter Principle (affiliate link) replete with fake data and everything. Apparently, it was a NY Times best seller for 1 year, and is still in print...

Change Management: Head + Heart + Hand

After reading Switch (affiliate link) by the Heath brothers, I am convinced that successful consulting projects must appeal to the head, the heart and the hand. It’s a simple way to think about change management, but it also makes a lot of sense. We all want to...

What is gap analysis?

Gap analysis sounds fancy. . .  Gap analysis is exactly what is sounds like – figuring out how far you are from a particular goal or target. Consulting firms do this all differently. It takes many forms, but is super common. In fact, I can’t think of any...

FT called consulting a curse. Seriously?

The Financial Times wrote a short scathing article on the management consulting industry here. Some valid points, but clearly a quickly assembled article with a Warren Buffett quote and visual used as a wrapper. If you are going to argue that a $133 billion industry...

What do McKinsey presentations look like?

What do McKinsey presentations looks like?  Please find links to 30+ McKinsey presentations which are publicly available online.  Many of these are from conferences, or governmental / non-profit organizations clients who have chosen to make them available online. Yes,...

Best practice: A tool or a crutch?

I wrote this post 6 years ago.  It is still true today.  Management consultants use the phrase “best practice” often.  Perhaps too often. You will see that magical phrase mentioned numerous times in white papers and research on these websites: Boston Consulting...

Geek out. Become the mini-expert

Geek out I have been using this slang a lot.  Many of us who have heard this expression know that it means to become a little bit obsessive about something (usually a hobby). Applying this to business problems, my argument is that business consultants and students...

All PowerPoints need a sniff test

What consultants talk about Was at a table tonight with 5 ex-management consultants from the Big 4. When discussing some slides we had seen from recent MBAs, one person smartly commented on his PowerPoint sniff test: Every page should be judged to see if it passes. ....

What is the Minto Pyramid Principle?

This is from 4 years ago and covers the Minto’s pyramid principle – one of the most important concepts in executive communication and logical structuring of arguments. This is really big at all the big 4 and big 3. It is the scaffolding of management...

Case interview advice from Bain

It’s consulting interview season  This means well-groomed MBAs are sitting across small tables with consulting firm partners and senior managers in something called a case interview. For those readers from consulting firms – you know this fire drill...

20 tips for client workshops

Recently co-facilitated workshops for 2 days Lots of coffee, sticky notes, talking, listening, and filtering of ideas. We walked away with a list of prioritized recommendations and lots of action items – so I give it two thumbs up as an effective workshop. They...

Consulting tip: Watch videos on LEAN

Lean. Toyota Production System These are words and concepts that any business person should readily know and understand – even if you are not an operations consultant. Process improvement initiatives built on these concepts take out billions of dollars of waste...

Leading by example, with data entry?

Yes, this morning I did 4 hours of data entry Yes, data entry.  Our project was in a time crunch and we had major issues getting good operational data, so we begrudgingly took some print outs and manually typed them into excel. Yikes.  Yes, we did look at other OCR...

Peter Drucker Quotes: “Time”

The Effective Executive The Effective Executive by Peter Drucker is a a classic.  Written 40+ years ago, and still enormously relevant.  You can find pdf online for free or buy it used at Amazon for $2 (affiliate link).  A steal. Great quotes from Drucker (shown in...

BCG: New CEO’s Guide to Transformation

The title of the BCG report sounds serious, but its a bit of a gem – easy to read and understand – here. Boils down to three points: Successful CEOs need to plan the transformation before they start work Transformation is expensive, need to fund the...

Consulting tip: How to make a good survey

Consultants should use surveys more often They are cost-effective, seemingly impartial, easy to use, and provide data in the “touchy and feel-y” areas where data might be hard to find, collect, or quantify. Bain, PWC, BCG, Deloitte all use surveys; see the...

Rough consulting week: Embrace the suck

One brutal week Was glad to just make it through the days without disappointing people or making too many mistakes. I had 32 different conference calls, a boat-load of work, a dentist appointment and planning for my mom’s 70th birthday. Apparently, the military...