Category: Consulting skills

Expert Power: A Tool to Increase Influence

Expert power is a concept that’s been growing increasingly popular in the world of management, consulting, and business in general. If you only read the topline descriptions of a lot of popular seminars & training programs, you’d think technical expertise is the key to effective management. But without expert power, management can have no hope…

Big 5 Personality Test

The Big 5 personality test is one of the most commonly used personality tests out there. One of the reasons why is because it has been highly respected in the field of psychology for decades. In this article, we’ll explain what the Big 5 personality test is, who created it, and if it’s a reliable…

Sustainability in Business: Definition, Arguments Against, & Examples

Sustainability in business is a pretty hot topic. 15 years ago, few universities were offering academic degrees in sustainability or sustainable business. Today, such degrees are commonplace. “Sustainability” has recently joined the ranks of other abstract concepts that just about every modern business is compelled to list as one of its core values – regardless…

Workplace Humor: The Unconventional Management Skill

Workplace humor has gotten a bad rap in recent years. We have witnessed the benign awkwardness of pop culture figures (ex: Michael Scott on the sitcom The Office) and seen the transgressions that led to Senator Al Franken’s resignation. Many have become hyperaware of the risks of bringing humor into a work setting. And yet,…

Effects Of Isolation On Employee Retention And Satisfaction

The effects of isolation became real for millions after Covid forced the majority of the workforce into remote work. The impact is still felt by many workers that have chosen to continue working from home even after their companies’ offices opened back up. Remote work created a work environment where employees are cooped up in…

Correlation vs Causation: Why It Matters For Businesses

Correlation vs. causation is important to understand for anyone analyzing an organization’s data. These two terms are closely related, making them easy to confuse. However, the implications they have for a company’s data are significantly distinct. Correlation vs. Causation Definition Let’s look at the correlation vs. causation definitions. It’s important to note that these are…

How to Be an Ally at Work

Learning how to be an ally at work is an under-appreciated skill for many young people entering the workforce. But in a way, it’s a more important task than most anything else we will devote our individual and collective labors to. If you have confusion or curiosity about this concept, this is the article for…

Automation: Threat Or Benefit?

Automation offers us a glimpse into the future of business. Companies of all shapes and sizes are constantly looking for ways to automate their value chains. At first glance, automation may seem like a clear net positive. Technology reduces dependence on human capital, which translates into cost savings. But digging a little deeper into automation,…

Insights Lead to a “Very Successful VC Pitch” (Strategy Sprint Client Interview)

In this episode, we catch up with Tara Russell, CSO at Photon Marine (an accelerator-funded green energy start-up). She shares how a Strategy Sprint case team from Management Consulted provided critical insights that led to an uber successful VC pitch. Click 'play' for the full story - and join Strategy Sprint to be staffed on…

Knowledge Economy: Overview & Characteristics

As the U.S. economy resurges in the wake of COVID-19, its recovery can - in part - be attributed to the knowledge economy. A knowledge-based economy is more resilient and better equipped to respond to specific problems and economic challenges. In this article, we’ll explore the knowledge economy – let’s start with the definition. What…