Category: management consulting

Capital One Assessment Test

Consistently recognized as one of the “100 Best Companies to Work for,” Capital One is one of the most sought after employers in the world. It is precisely because of this reputation that the firm has created the Capital One Assessment Test to efficiently screen candidates. If you are interested in joining Capital One, it…

The Independent Consultant’s Guide to The CARES Act

The CARES Act refers to the legislation passed by Congress on March 27th to help owners of small and medium-sized business owners impacted by the Coronavirus. The legislation involves multiple programs and additional funding for counseling services that help small business owners navigate these programs. From the perspective of an independent consultant, the two main…

Liquidity Crisis Looms: What Businesses Can Do Now

A liquidity crisis. You’ve likely heard that phrase used a lot in recent weeks as financial markets respond to the global economic slowdown caused by the coronavirus/COVID-19. If you’re a small business owner, or an aspiring consultant who wasn’t in business during the 2008 recession, you may never have experienced a liquidity crisis. More importantly,…

Comcast NBC Streaming Service

Listen on Strategy Simplified The new Comcast/NBC Streaming Service (Peacock) is the newest entrant into the streaming wars. But is this a smart strategic move by Comcast/NBC as opposed to continuing to syndicate its own content? Comcast/NBC has a track record of skimping on UX in its previous technology platforms - if that trend continues,…

Coronavirus Economic Impact On Consulting

The coronavirus economic impact on consulting, like its impact on any sector of the economy, is uncertain. But, it’s difficult to make an argument for it having anything but a negative influence on consulting. The question, really, is how much of an economic downturn will this result in? And will we see a global recession…

Variable Cost: Examples, Definition, & Formula

Variable cost is one of the two major cost categories that you'll find in nearly every business endeavor. Together with fixed costs, they form the foundation of all corporate expenses. Even in the top business schools we teach at, there is some confusion over what exactly is defined as a variable cost. Our goal is…

Issue Trees: What Are They & How To Use Them

Have you ever had a large, complex, and seemingly overwhelming problem that you initially had no idea how to solve? Chances are, it would have been helpful if you used an issue tree. The issue tree is a tool that consultants use to break down big problems into smaller manageable ones. Firms like McKinsey, Boston…

Data Analytics: Do Businesses Really Need It?

Every company in the world - from a kid’s lemonade stand to a large corporation like Apple - has data at its disposal. Though a lot of data is created in similar ways, the real value of data comes from being able to interpret it through data analytics and use your analysis to make strategic…

Most Requested Corporate Training Topics

A lot of effort goes into choosing and delivering applicable corporate training topics at consulting firms and Fortune 1000 companies. Consulting firms in particular are known for their outstanding training programs, giving fresh new employees the in-depth skills boost (hello Excel and PowerPoint) they need before they start their jobs. But across industries, what are…

What Is Big Data & How Will It Affect Consulting

“Big data” is one of those terms, like “the cloud,” that seems a lot more complex than it actually is. Almost all companies these days are collecting data on their users and customers. Sure, companies have been doing that for a long time now, but today it's a bit different. A telecom company could be…