First mover advantage has become a kind of gospel in the business world. Companies everywhere are making huge investments on the assumption that being first to market with a new product or service will give them an insurmountable edge over…
Triple bottom line is a philosophy that encourages businesses to optimize for more than just profit. Most businesses operate squarely within a capitalist framework. For most of the history of capitalism, the goal of commercial activity has been increased profit.…
Gap analysis is what businesses use to identify the obstacles between their current state of operations and where they want to be in the future. If you own or manage a business, you know how frustrating it can be to…
For as long as there have been teams of people working on shared projects, things have gone unexpectedly wrong. But simply knowing that something has gone wrong doesn’t necessarily tell you why the problem occurred or how to prevent it…
In today’s competitive economic landscape, companies are turning to advanced analytics to predict consumer behavior, increase their competitive advantage and drive the bottom line. But organizations need data, and more importantly, they need to know how to look at the…
Case Interview Math – horror stories from friends and contacts (or perhaps your own experience) are probably going through your head just at reading the term. We hear them all the time too. As one of the top reasons for…
What are analytical skills and why do you need them? Before you leave the page after reading the word “analytical”, give us a few minutes. We are not asking you to be the guy or gal that never surfaces from…
We all know people who have that undeniable ‘pizzazz’, an attractive flair or charisma to them that is appealing. They walk into the room and know how to command attention, as well as how to empower others. They instill confidence…
The GE McKinsey Matrix is an excellent tool. It allows organizations to conduct effective portfolio planning based on the strength and industry attractiveness of each business unit. This nine-box matrix was created by McKinsey in the 1970s to help General…
Economies of scale are talked about often in the world of investing, private equity, and consulting. More and more businesses face pressure to grow into the global marketplace if they hope to survive. But what exactly are economies of scale?…