Category: Consulting skills

Public Debt: Will It Sink the Future U.S. Economy?

Public debt is always a hot topic in Washington DC. Does the national debt matter? How much is too much? When used correctly, public debt can be extremely beneficial, leading to a better quality of life for Americans. Public debt can be used to finance construction of new roads, provide healthcare to citizens, invest in…

The Consequence of Self Confidence

Self-confidence is one of the most helpful qualities you can demonstrate in life, in business, and as an applicant to a management consulting firm. Yet by and large, aspiring consultants don’t work on their self-confidence in the same way they work on other dimensions of applicant competitiveness. This is a shame, because there are resources…

What Is Big Data? Examples, Benefits, & Challenges

Big data is a term that describes the large amount of data – both structured and unstructured – that a business can access on a day-to-day basis. Like the term “the cloud,” the term big data can seem complex. In reality, big data as a concept is really quite simple. It’s about understanding the methods/tools…

The Law Of Attraction

The law of attraction. Nope, we aren’t talking about dating apps here. The law of attraction speaks to the power of the human mind. Specifically, your mind’s ability to think thoughts that translate into real life events – either positive or negative. This philosophy dates way back to the origins of Buddhism and has stood…

Business Innovation

Business innovation is not a complex concept. It simply means doing something new and different. It could look like better meeting customer needs, solving a problem, reducing costs, or increasing employee satisfaction. Certainly, there are major business innovations that take the world by storm such as the Model T Ford, personal computer, iPhone, or plant-based…

Circular Supply Chain: A More Sustainable Option?

“Circular supply chain” is a big part of business lingo these days, but what does it actually mean, and is it a more sustainable option? The circular supply chain business model is increasingly in demand in an eco-conscious society, but you might find that the circular economy supply chain has other benefits in addition to…

Problem Solving: Essential Consulting Skills

Problem solving is at the root of what management consultants do. Clients hire consultants to help overcome or eliminate obstacles to the clients’ goals - that is, to solve problems. Sometimes the work of a consultant involves “solving” problems that haven’t even materialized yet. And yet, even though problem solving forms the core of the…

Leadership: Where Everything Rises and Falls

Every organization involves a complex dynamism of human activity, and every new individual added increases the complexity. How can an organization ensure that all that activity happens synergistically, make sure people aren’t working at cross-purposes, resolve disputes, bring people together to work toward a common purpose, and achieve alignment across stakeholders with a common set…

Employee Appreciation Improves Retention, Productivity, and Morale

Employee appreciation is a crucial element in boosting employee retention, productivity, and morale. Studies have shown that different employee demographics yearn for appreciation and recognition in different forms. Without it, they feel undervalued, which can lead to bottom-line losses due to declining productivity and lack of employee engagement. In this article, we’ll dig into employee…

How Businesses Use AI & Big Data To Increase Revenue

Big data and AI are being used – or at least have the potential to be used – to revolutionize many businesses. Effective use of AI to navigate big data can lead to cost reduction, time savings, error reduction, novel new products/services, and more. Big data simply refers to the large amount of data that…