Category: Consulting skills

What Makes a Good Corporate Trainer?

There is no lack of available resources to understand what makes a good corporate trainer. The real question is: How do you know a good corporate trainer from an acceptable, but not particularly remarkable, one? When it comes to selecting the person (or team) who is going to train your employees, you don’t just want…

BCG Growth Share Matrix Example

The Boston Consulting Group (BCG) Growth Share Matrix efficiently and effectively identifies if investments should be made into a product or service. Conversely, it also shows if a product or service should be retired from the market. Although there are some limitations of the BCG Growth Share matrix, which we will discuss, this matrix is…

Business Communication

Business communication is often considered a soft skill, when it should really be considered a hard skill. Unclear communication costs companies millions of dollars per year in inefficiency and lost revenue. As a result, it’s incredibly important that employees at all levels across organizations improve their communication skills. What is Business Communication? What differentiates business…

Fixed Cost: Examples, Definition, & Formula

Fixed cost is an essential part of accurate profit projections for every business, regardless of its size. As such, it is included in the calculation of cost of goods sold. These costs for some businesses—for example, manufacturing companies—will be much more substantial than those for other businesses. Examples of this could include, sole proprietorships doing…

What Is A Hypothesis

Case interviews are often challenging because they are open-ended, with limitless possibilities of where you can go. There is some truth to this predicament – there is always more than just one way to crack a case. However, there are also ways to follow a system for every case you encounter that leads to fruitful…

ABC Analysis

ABC Analysis is a categorization technique that places different levels of significance on a range of items to help you prioritize effectively. The analysis states that according to their respective levels, these items should be handled or controlled differently. ABC Analysis is known as a way to best analyze and manage inventory. Yet, the items…

Brain Teasers

Few people enjoy brain teasers, especially in a high-pressured interview setting. The good news is that brain teasers are not common in the consulting recruiting process. The bad news, however, is that they are still fair game. Just like case interviews, it’s important to showcase logic, thoughtfulness, and structure when working through a brain teaser…

Scenario Planning: How to Use It

Scenario planning is one of the most powerful tools businesses can use to strategize for the future. And of course, planning is one of the most important and difficult aspects of running a business. Anyone can tell you how a business ought to respond to conditions as they are at present, or as they were…

Communication Skills

We all have that friend who can get away with anything because of their charisma or charm. Ultimately, the outcome of these natural relational characteristics is effective communication skills. This is a crucial quality shared by every successful consultant and business leader. If you have the opportunity to learn from or interact with senior managers…

Business Valuation Methods

You don’t need to be a financial modeling expert to be a great consultant. Yet, it’s still helpful to know the basic ways to value a business. After all, your goal is to increase the value of a business through your projects. Having some knowledge about the most common business valuation methods is useful. They…