There’s a reason why McKinsey & Co is a household name. The number of classic strategy tools, methods and frameworks that originate from this stable is simply astonishing. This week we will be looking at yet another classic McKinsey framework, the Consumer Decision Journey. Read more
In an era where disruptive innovation seems to be have taken hold of the business world as well as the public consciousness, it may be high time to review one of the classic McKinsey frameworks for thinking about innovation within a mature business. Read more
Execution is a critical part of strategy. Without execution, strategy is all talk, just hot air. Unfortunately, turning strategy into execution is often the hard part. However, there are several strategy tools to help you connect the dots between your plans, objectives and resources. One great strategy tool to help you with this is the Hoshin Planning System. Read more
A few weeks ago the MECE framework was mentioned very briefly in the really interesting discussion we had with Matt McDonald. We didn’t have time to cover it in much detail back then so we thought it might be valuable to give the MECE framework a post of its own. In this post we’ll discuss what MECE stands for, why it is popular with top tier consultants and how it can help your business analysis. Read more
Firms don’t exist in isolation. It’s jungle out there and it’s every firm for themselves. This makes the strategists job more complicated. It’s not enough simply for the analyst to look at their own core competencies and attempt to maximize them. No, the corporate strategists job is also to out-maneuver their chief competitors. Here we look at one of the classic strategy tools used to figure out what your competitors’ likely next moves are.
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