Category: Consulting skills

How To Write A Resignation Letter

Knowing how to write a resignation letter can keep connections with former colleagues strong. Burning bridges with scathing final words may generate some short-term psychological benefits, but ultimately harms your long term career prospects. Regardless of how you feel about your job, you’ve come to the conclusion that it’s time for your next step. It…

Neurodiversity: Does Consulting Embrace It?

Neurodiversity in the workplace is an important topic that is often overlooked. Neurodiversity is the diversity of neurological conditions. This can include, but is not limited to, Autism spectrum disorder, ADHD, dyslexia, and Tourette syndrome. Neurodiversity is often seen as a disability. However, neurodiverse individuals have a lot to offer businesses and organizations. They have…

Conflict Management: Styles, Strategies, & Examples

Conflict management is a critical skill in both your personal and professional life. Conflicts inevitably arise in the workplace (especially in an industry like consulting where deadlines are tight). The ways to manage conflicts differ based on many dimensions, including: the criticality of the issue, the importance of the relationship, and time sensitivity. Strong conflict…

Delegation: How & When To Assign Tasks

Delegation isn’t always the most natural response for leaders and managers. As a leader, it can be easy to feel that your best work is accomplished on your own, utilizing your high capacity and drive to bring value to your team. There comes a time, however, when this perspective no longer serves you or the…

Microeconomics For the Aspiring Consultant

Microeconomics knowledge is highly useful for aspiring consultants. Becoming a consultant is a great way to use your microeconomics skills. As a consultant, you will be paid to help businesses make decisions about pricing, marketing, and other strategic issues. To be successful, you will need to understand microeconomics concepts such as game theory, market structure,…

McKinsey Conflict Resolution: How the firm approaches this critical skill

McKinsey is arguably one of the most prestigious and successful consulting firms in the world. The company has a reputation for solving some of their clients’ most critical issues in a short time. This amount of responsibility can bring on a tremendous amount of pressure, and, at times, that can lead to conflict. The conflict…

Corporate Communication: Challenges, Feature, & Tools

In an unpredictable world, companies need effective corporate communications now more than ever. Whether internal or external facing, corporate communication must do more than just convey information – it must share a narrative that gets distinct stakeholders to “buy in” to the company’s mission, vision, and goals. What Is Corporate Communication? There are lots of…

Empowering Leadership: Traits & Examples

Empowering leadership is one of the most effective ways a leader can boost efficiency and employee retention in their work environment. With countless opportunities for distractions and criticism, it is vital that employers understand the importance of an empowering leadership style. Leaders that empower employees instead of micro-managing them make space for increased confidence and…

Conjoint Analysis: Examples, Challenges, & Survey

Conjoint analysis can be an invaluable tool for businesses to improve their products or services. By understanding what customers value most, businesses can make changes that will lead to more satisfied customers and higher sales. In its simplest form, conjoint analysis involves presenting respondents with hypothetical choices and asking them to choose the option they…

Prioritization: How to Prioritize, Matrix, Frameworks & More

Prioritization is critical for completing work in a way that best utilizes time, energy, and resources. Prioritization skills can transform a stressful, constant-overtime work state to a calm, efficient one. Let’s take a look at several prioritization strategies that will allow you to focus on the most important things at the right time. Prioritize Definition…