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Management Consulting Approach to Problem Solving
A practical guide with case studies & real-life examples how to make better decisions using McKinsey, BCG, Bain tricks
Created by Asen Gyczew, offered on Udemy
To make sure that we score courses properly, we pay a lot of attention to the reviews students leave on courses and how many students are taking a course in the first place. This course has a total of 8670 students which left 1651 reviews at an average rating of 4.53. Impressive!
We analyze course length to see if courses cover all important aspects of a topic, taking into account how long the course is compared to the category average. This course has a length of 7 hours 12 minutes, which is pretty short. This might not be a bad thing, but we've found that longer courses are often more detailed & comprehensive. The average course length for this entire category is 2 hours 53 minutes.
This course currently has a bestcourses score of 8.1/10, which makes it a great course to learn from. On our entire platform, only 15% of courses achieve this rating!
What is the aim of this course?
Time and again you will come across problems that are seemingly unsolvable. In many cases, you don’t even know how to approach them. Luckily, there are a lot of nice management consulting tools, techniques, and frameworks that will help you solve everyday problems. You don’t have to go to a top consulting firm to master them. You can master them by taking my course.
This course will help you drastically improve your skills in solving problems using management consulting tools, techniques, and frameworks. In this course, we will mainly concentrate on solving real-life problems like goal settings and defining what and when to do, estimating the cost of a wedding, losing weight and getting in shape, deciding whether to do an MBA or not, choosing the right boyfriend/girlfriend, deciding whether you should buy a car or not, deciding when to retire and many more. If you have a specific problem just let me know and I will give you tips on how to solve it using the tools presented in this course.
The course is designed for people who want to become more data-driven and less emotional in the way they solve problems and make decisions. Thanks to the course you will be making better decisions and solving problems that have seemed so far unsolvable. In the course you will learn 3 things:
What consulting techniques, tools, and frameworks there are
When to apply each and one of them
How to use them in practice including examples of how to calculate specific things in Excel
This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried or supervised over 90 different performance improvement projects in different industries that generated in total 2 billion of additional EBITDA. On the basis of what you will find in this course, I have trained in person over 100 consultants, business analysts, and managers who now are Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that my courses on Udemy were already taken by more than 110 000 students including people working in EY, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and many others.
I teach through case studies, so you will have a lot of lectures showing examples of analyses, tools that we use. To every lecture, you will find attached (in additional resources) the Excels as well as additional presentations, materials shown in the lectures so as a part of this course you will also get a library of ready-made analyses that can, with certain modification, be applied by you or your team in your work.
Why did I decide to create this course?
Management consulting has been very creative and has produced or popularized the application of many tools, techniques, and frameworks that can be used to improve not only a business but also your private life. By putting those tools and techniques in one course and explaining them using real-life examples related to everyday life, I wanted to make this knowledge available to everybody that wants to make better decisions, especially students that are considering joining Management Consulting firms as well as managers that simply need to expand their toolbox with few useful tools.
Things you will find in this course will improve your awareness and skills in analyzing problems that you will be facing in private life as well as in business. Thanks to this course, you will know what tools, techniques, or frameworks to use and how to use them in practice.
To sum it up, I believe that if you want to make better decisions, solve faster problems in your private life you should master the techniques presented in this course. That is why I highly recommend this course not only to consultants or business analysts that have to advise their customers but also to everybody that wants to make better decisions in his or her life.
In what way will you benefit from this course?
The course is a practical, step-by-step guide loaded with tones of analyses, tricks, hints that will significantly improve the speed and efficiency with which you solve problems and make decisions. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will learn:
What management consulting tools, techniques, and frameworks are available
How to use them in practice to solve problems and make better decisions
How to make decisions and solve problems using available information/data
You can also ask me any question either through the discussion field or by messaging me directly in Udemy.
How the course is organized?
The course is divided into the find the following sections:
Introduction. We begin with a little intro into to the course
Basic tools, techniques, and frameworks used by management consultants. In the second section, I will discuss the main tools that you can use to analyze and solve problems in real life. We will talk about things like issue tree, bottom-up approach, top-down approach, backward reasoning, 80/20 rule, benchmarking, cost drivers, opportunity tree, and many, many more
Intermediate tools, techniques, and frameworks used by management consultants. In this section, I will discuss more advanced techniques such as rankings, scenario analysis, representative element analysis, decision tree, OEE, OLE, the Theory of Constraints, Critical Chain, and many, many more
Advanced tools, techniques, and frameworks used by management consultants. In this section, I will discuss further more advanced techniques such as simulation analysis, decomposition analysis, feasibility analysis, and sensitivity analysis
You will be able also to download many additional resources
Excels with analyses shown in the course
Presentation of slides shown in the course
Links to additional presentations and movies
Links to books worth reading
At the end of my course, students will be able to…
Make better decisions
Analyze fast problems in your private life and business
Master management consulting tools, techniques, and frameworks
Apply the right elements from your management consulting toolbox
Find fast potential improvements in your life and achieve your goals
Prepare you to move on to intermediate level management consulting training
Calculate in Excel the impact of your decision on your life
Who should take this course? Who should not?
People interested in making better decisions based on data
Students that are considering becoming management consultants
Small and medium business owners
What you will learn
- Make better decisions on the basis of data
- Analyze fast problems in your private life and business
- Master management consulting tools, techniques and frameworks
- Apply the right elements from your management consulting toolbox
- Find fast potential improvements your life and achieve your goals
- Calculate in Excel the impact of your decision on your life
- Basic or intermediate Excel