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…
Variable cost is one of the two major costs that occur 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…
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…
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…
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…
“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…
WeWork’s troubles go beyond poor leadership – its entire business model should be called into question. Can the company turn it around and become profitable? Maybe, but to answer this question one has to understand what kind of business WeWork…
Management consulting is one of the most sought-after fields in the business world. On the surface, the industry sounds rosy and glamorous – lots of air travel, working on complex business problems, and exposure to top level management. While all…
Uber was the largest IPO of 2019. One of the world’s most famous “unicorn” companies, its stock price has dropped 20% since its IPO. Why aren’t more folks asking the question, “Is There A Future For Uber?” Is Uber’s business…
The best known way to break into consulting is through an undergraduate or MBA degree. However, that is by no means the only path. These days, consulting firms are much more amenable to hiring candidates from outside these two traditional…