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English

Language

Management

Category

Consulting Approach to Problem Solving

Solving business problems and business cases using hypothesis-based problem solving - method of top consulting firms

4.36 (13892 reviews)

Students

1.5 hours

Content

Mar 2021

Last Update
Regular Price

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What you will learn

You will understand and appreciate the problem solving technique used by the top consulting firms like McKinsey, BCG, Bain and Strategy&

At the same time you will get acquainted with how business and consulting projects ought to be structured

You will master the basic knowledge on hypothesis-based problem solving that will let you proceed to more advanced courses on solving business problems

In effect, you will be able to impress either your boss or your interlocutors at business case interviews


Description

Do you feel that you already know all possible frameworks of business problem solving (Porter's five forces, the BCG-matrix etc.), yet you are still not confident in using them? Or maybe you already took a course on management consulting problem solving approach, but the jargon used didn't make much practical sense to you (The 80/20 rule, MECE etc.)? Whether you're a student studying for case interviews or a businessperson, what you might be lacking is a comprehensive aproach to problem solving that generates consistent results. 

If so, this course is for you! I can guarantee you will not find another such comprehensive introductory course on hypothesis-based problem solving - the top consulting firms' technique of choice on all kinds of business consulting engagements. 

With the content in this course I would like to introduce you to the topic of business problem solving. Provided you find this introduction helpful, I would be delighted to welcome you to my more advanced courses that I intend to publish soon. They will build on the knowledge from this course in order to develop further the topics covered here. 

But for now let's jump into this course. Hit Enroll and let me show you a way to become a rising star of problem solving in business!


Screenshots

Consulting Approach to Problem Solving
Consulting Approach to Problem Solving
Consulting Approach to Problem Solving
Consulting Approach to Problem Solving

Content

How is this course structured

Administrative information

Introduction to structured problem solving

Why structure problem solving at all?

Who is an expert?

Why use hypothesis based problem solving (HBPS)?

Steps of HBPS

HBPS basics

Step I - Problem formulation

Problem context

Doing it SMART

Problem formulation

Step II - Problem structuring

Divide and conquer

Mindmapping

Issue trees and being MECE

Building a mindmap and issue tree

Problem structuring

Step III - Work prioritization and planning

Validating hypotheses - analysis and data requirements

Why prioritize?

How to prioritize? (without having to boil the ocean)

Prioritizing work

Step IV - Communicating the solution

Synthesize, don't summarize

Storyboarding

Communicating the solution

Wrap-up

Consulting jargon dictionary

HBPS - guessing answers to client's problems?


Reviews

A
Ajeenkkya29 November 2020

Explained the nuances of consulting approach of problem solving very effectively and taught a lot of new and important methods of evaluating an engagement.

P
Patricia18 November 2020

Thank you for a great course knowing that it is a different kind of expert with your experience and skills. What I learn today about 3 reason speech, effort, engagement. That you should always have problem formulation, problem structuring, work plan, solution communication.

A
Andrea29 October 2020

The course was very good and informative. I enjoyed the lectures, because they provided me with new insight into problem solving.

J
Joaquimm24 October 2020

A experiência está a ser agradável, os exemplos dados pelo palestrante são bastante realistas e isso dá mais firmeza no conteúdo que nos está a ser passado.

G
Göktug18 October 2020

The course clearly outlines the theoretical background and greatly summarizes the HBPS steps. The course was exactly what I expected. Thank you very much.

M
Maria15 October 2020

El curso explica de una forma fácil y entendible la metodología para resolver problemas, incluso cómo presentar los resultados.

V
Vincent12 October 2020

First I have to than you for this course and I am privileged to be your student. I learnt more from who is an expert.

P
Prasad10 October 2020

Good explanation of HBPS method with realistic examples which will help user to understand quickly and systematically.

K
Khamis30 September 2020

Lecture is good and trying his best to explain the point, though at this point is not very clear how to solve the problem

I
Ishfihana28 September 2020

there's a lot of jargon that I need to familiarize with, and I think I have to practive the tree for my work

S
Sanzhar8 July 2020

Yes, that was great. Because you were opening my eyes to the questions which I had throughout my entire journey to management consulting and case competition preparation

C
Carsten8 July 2020

Very good explanations so far. I'm dealing with more complex problems at customers, that have a bunch of Type 1 experts, able to solve small bits of the bigger problem, where the Type 2 expert (me) comes into place. So I'm interested to see what examples are to come...

R
Rick3 July 2020

Excellent compromised lecture about problem solving, including tips / handholds for my self for improvement

R
Ramalakshmi1 July 2020

Yes, It makes a lot of sense to someone like me, who is just moved into consulting stream after a career in s/w testing.

B
Bhavika29 June 2020

Could be more practical, like involving examples/questions to be solved by us in terms of case studies


1037646

Udemy ID

12/11/2016

Course created date

7/15/2020

Course Indexed date
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