Understanding that there are different types of communication for business allows you to maximize your team’s effectiveness. Email, meetings, and interpersonal communication are all different but play an integral part in team performance. Jenny Rae breaks down these three types…
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…
Corporate training presents a great opportunity for your team to engage with each other, and up-skill in key areas that most affect performance. Choosing the right corporate training topics is essential to maximizing ROI and making sure your team feels…
There is no lack of available resources to understand what makes a good corporate trainer. The real question is: How do you know a good corporate trainer from an acceptable, but not particularly remarkable, one? When it comes to selecting…
The Boston Consulting Group (BCG) Growth Share Matrix efficiently and effectively identifies if investments should be made into a product or service. Conversely, it also shows if a product or service should be retired from the market. Although there are…
Business communication is often considered a soft skill, when it should really be considered a hard skill. Unclear communication costs companies millions of dollars per year in inefficiency and lost revenue. As a result, it’s incredibly important that employees at…
Fixed cost is an essential part of accurate profit projections for every business, regardless of its size. As such, it is included in the calculation of cost of goods sold. These costs for some businesses—for example, manufacturing companies—will be much…
Case interviews are often challenging because they are open-ended, with limitless possibilities of where you can go. There is some truth to this predicament – there is always more than just one way to crack a case. However, there are…
ABC Analysis is a categorization technique that places different levels of significance on a range of items to help you prioritize effectively. The analysis states that according to their respective levels, these items should be handled or controlled differently. ABC…
Few people enjoy brain teasers, especially in a high-pressured interview setting. The good news is that brain teasers are not common in the consulting recruiting process. The bad news, however, is that they are still fair game. Just like case…