Category: management consulting

Amazon Memo: What Lessons Does It Hold?

The Amazon memo is often mentioned as one of the management team’s keys to the company’s operational success. Amazon founder and CEO Jeff Bezos credits their embrace of the six-page memo as one of the company’s most important managerial tactics. This might make it seem like there’s some elaborate act of genius behind these memos.…

How to Become a Management Consultant

Working as a management consultant is a popular career track for talented, competitive people looking for a rewarding and challenging career. Management consultants maintain a high status in the marketplace and are frequently in demand, regardless of broader economic conditions. This makes the career path especially attractive. That’s true now more than ever, as the…

McKinsey Frameworks

The McKinsey frameworks have been used for decades to help organizations break down problems and make informed decisions about their future. In fact, the frameworks McKinsey helps its clients utilize have made the firm synonymous with “best of the best”. It’s the most prestigious consulting firm in the world for a reason. Maybe your organization…

Utilizing SWOT In A Business Case

Analyzing businesses is a crucial skill for all businesspeople. This is true whether you are a business owner, an executive, an external consultant, or even an investor. Due to the complexity and ambiguity of analyzing businesses, professionals have created frameworks to simplify the process. The SWOT analysis is one great example. This framework creates a…

Unemployment & Recession: Cause & Effect?

Recession and unemployment seem to go hand-in-hand. For many individuals, unemployment describes their primary experience of a recession, as they are laid off or unable to find work. The two concepts are so closely linked in people’s minds, that many people feel some confusion about the relationship between them. Does a recession cause unemployment? Or…

Microsoft Teams vs. Zoom vs. Cisco Webex

We’ve seen a huge uptick in the usage of video conference apps since the onset of COVID-19. “I’m hopping on another Zoom call…” has become the new buzz-phrase in households across the world as millions of people have transitioned to working from home. We’re no different here at MC – we’ve never been on more…

Accenture: Will It Rise Above All Other Consulting Firms?

The rise of Accenture has, for years, been one of the major stories about the changing landscape of the consulting industry. And yet, the consensus about the major power players in the industry has remained unchanged. The Big 3 are so deeply entrenched that their initials are understood far and wide. MBB: McKinsey, Bain, and…

US Business Cycle: Expansion & Retraction

The concept of business cycles may not sound like the most reassuring thing in the world (unless you’re an economist). If you’re a small business owner, or the employee of a larger company, the economy may seem like a vast, unpredictable force. At the moment, it probably seems like your destruction is the likelier option.…

Influence Model – McKinsey’s Change Management Model

Influence Model, McKinsey's change management model, is one in a long list of potential frameworks one can draw upon during a case interview. Of course, it’s also relevant if you are a young professional experiencing large-scale change at your employer. Or, if you are a seasoned professional tasked with designing or leading a corporate transformation.…

Is a Recession Coming? The Consultant Perspective

Are we headed for a recession? In addition to everyone’s concern for the health of their loved ones, the coronavirus has people everywhere wanting to know if a recession is coming in 2020 and beyond. However, if you’re the kind of person who pays attention to financial news, you were probably wondering about the possibility…