How to Approach Problems Like a Management Consultant

Often times, analysts and managers are faced with complex business challenges with instructions to simply “figure it out”. It is not necessarily the challenge that becomes difficult to address, but more the approach and process in order to do so. To properly solve a business problem or challenge, it is important to adopt a clear process - and embrace some guiding principles from experienced consultants.
In this webinar, we will discuss:
What makes “figure it out” problems so difficult to solve
The benefits of a structured problem-solving approach
A tactical “toolkit” to use across a wide variety of business challenges
Patrick Noonan is an emeritus professor and was the first Associate Dean for Management Practice Initiatives at Goizueta Business School. His expertise in problem-solving draws from his academic training in decision analysis and his years in management consulting, starting at McKinsey & Company. He holds a PhD in Decision Sciences from Harvard, and both an MBA and a BS in Engineering & Applied Science from Yale.

[@2bnew517]

Decisions and actions create value in the world.

[@won2kafour]

Outstanding! A must for anyone in any kind of a firm ("consulting" or "client").

[@ursulamannix7311]

One of the best lunch and learns I have experienced.

[@emchan2154]

Thank you for sharing this webinar.

[@famousjamous2006]

I can’t wait to read the book. Excellent webinar I didn’t expect to stumble across but I’m delighted that I did. Everything is perfectly applicable to my job!

[@jakkiriyah]

=

[@goodmongo7423]

Management consultants approach all problems with one question. Howe can I make billable hours out of this?

[@ind11793]

hahaha....very true...

[@redhidinghood9337]

I don't think the consulting companies reward their employees for working slow

[@arindamdutta9371]

🤣

[@compton8301]

😂😂😂

[@unknowninformant6730]

Gotta make money to make money

[@1021132]

Very good presentation and I learnt a lot of issue functions

[@edyraper]

Great webinar, great speaking skills and breaking every aspect down

[@pollypravir5378]

Very informative content.

[@bosuaandcarot]

Very useful for a person to start learning consulting like me. Do you have a full course at somewhere?

[@ProBloggerWorld]

21:00 This is exactly the reason, why there are no dumb questions.
Invite people to ask questions. Of course context matters.
I for example foster a climate of systematically questioning results. As a leader I conduct so called Advocatus Diaboli meetings, in which a person or team must find fault in our own products and approaches. Your role is to be as critically as possible, no holds barred. Emotional, “unfair”, hostile critics - whatever. This is what happens in the real world, and I invite my team to be our own worst critic to later on answer this questions.
It takes courage, and helps to fight complacency.

[@srsrinath]

Very useful, do you have a book explaining this? Thanks

[@usedcarinannarbormichigan116]

doing the right thing on the right time, how to evaluate the plan, return and adjust? or some techniques?

[@helenstuckyweaver5778]

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[@kyleschutter2740]

Breakdown the work into pieces sounds a lot like smash and grab to me... 14:30

[@ariosthemak]

I'd read it more as slice it into pieces that can later be put back together in a way that preserves the totality of the topic.
The difference is also that by structurally approaching the problem, you can identify which ones are the main drivers of the issue.
I think the example could've been better, the open questions one is not immediately different (and in a workshop could easily miss in directing the conversation into finding the core of the issue).

[@redhidinghood9337]

I clicked for the random watermelon

[@jjeane2218]

32:17

[@josef7988]

Discombobulate

[@althe]

This process needs work. Way too many parts. Get rid of 70%. Simplify and that in itself will keep everyone on track.