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Business Concepts 101

Basic introduction MBA McKinsey management consulting business concepts insights & frameworks for entrepreneurs startups and small business owners

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Business Concepts 101 | businessconcepts101.blogspot.com Reviews

https://businessconcepts101.blogspot.com

Basic introduction MBA McKinsey management consulting business concepts insights & frameworks for entrepreneurs startups and small business owners

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businessconcepts101.blogspot.com businessconcepts101.blogspot.com
1

Business Concepts 101: Disclaimer

http://www.businessconcepts101.blogspot.com/p/disclaimer.html

Basic intro to MBA and consulting concepts for entrepreneurs, small/medium business (SMB) owners, and startups. Why I started this blog. Who this blog is for. Labels for filtering by topic. This blog is in no way affiliated with or endorsed by any business school, management consulting Firm, or company. The content of the blog posts is based on:. Personal experiences captured to the best of my memory. My interpretations and recollections of business school classes. Subscribe to: Posts (Atom).

2

Business Concepts 101: December 2012

http://www.businessconcepts101.blogspot.com/2012_12_01_archive.html

Basic intro to MBA and consulting concepts for entrepreneurs, small/medium business (SMB) owners, and startups. Why I started this blog. Who this blog is for. Labels for filtering by topic. Tuesday, December 4, 2012. Price promotions - competing against your future self. Price promotions are important elements of any pricing strategy.  However, they should be used with caution. 160; In this post, well review how putting items on sale now will shape how consumers view your future pricing. Saturday, Decemb...

3

Business Concepts 101: PRICE DISCRIMINATION - Sounds bad, but can be great for your business and customers

http://www.businessconcepts101.blogspot.com/2013/01/price-discrimination-examples-and-value.html

Basic intro to MBA and consulting concepts for entrepreneurs, small/medium business (SMB) owners, and startups. Why I started this blog. Who this blog is for. Labels for filtering by topic. Wednesday, January 2, 2013. PRICE DISCRIMINATION - Sounds bad, but can be great for your business and customers. Image from dreamstime.com. Price discrimination is the practice of charging different customers different prices, based on their ability or willingness to pay. SOUTHEAST ASIAN MARKETPLACE EXAMPLE. The lower...

4

Business Concepts 101: Marketing Funnel - 4 common mistakes companies make in customer adoption

http://www.businessconcepts101.blogspot.com/2012/12/marketing-funnel-4-common-mistakes.html

Basic intro to MBA and consulting concepts for entrepreneurs, small/medium business (SMB) owners, and startups. Why I started this blog. Who this blog is for. Labels for filtering by topic. Saturday, December 1, 2012. Marketing Funnel - 4 common mistakes companies make in customer adoption. In this post, I'll go over 4 common mistakes. Companies make regarding their marketing funnels. The marketing funnel is the journey a person takes to become your customer. And how to diagnose it. WHY IS THIS IMPORTANT?

5

Business Concepts 101: Cost of Stockout vs.Overstock - 6 Factors to Consider and Why It's Not Just for Physical Goods

http://www.businessconcepts101.blogspot.com/2013/01/Costs-of-Stockout-vs-Overstock.html

Basic intro to MBA and consulting concepts for entrepreneurs, small/medium business (SMB) owners, and startups. Why I started this blog. Who this blog is for. Labels for filtering by topic. Saturday, January 19, 2013. Cost of Stockout vs.Overstock - 6 Factors to Consider and Why It's Not Just for Physical Goods. Image from wikipedia.org. It's not just about physical goods anymore. As well. In this post we'll cover what to consider when making these overstock vs. stockout decisions. Of a particular item.

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LINKS TO THIS WEBSITE

workingwithmckinsey.blogspot.com workingwithmckinsey.blogspot.com

Working With McKinsey: February 2013

http://workingwithmckinsey.blogspot.com/2013_02_01_archive.html

Insights on working with / for current / former management consultants. Why I started this blog. Who this blog is for. Wednesday, February 27, 2013. Stockpiling "Dry Powder" For Your McKinsey Boss. Image from dashingduchesses.com. McKinsey consultants already work a ton of hours, but if they left it up to their clients and Partners, theyd work even more.  One way teams and individual consultants can keep their workloads reasonable. Is by stockpiling dry powder. Saturday, February 2, 2013. Cost of Stockou...

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Working With McKinsey: November 2013

http://workingwithmckinsey.blogspot.com/2013_11_01_archive.html

Insights on working with / for current / former management consultants. Why I started this blog. Who this blog is for. Tuesday, November 26, 2013. What It Means to be "Down In the Weeds" at McKinsey. Image from Flickr.com. If youve worked in the food service industry - or watched Top Chef - youre probably familiar with the term in the weeds. 160; But that means something very different than the term down in the weeds. Its also worth nothing that McKinsey interviewers. Sunday, November 24, 2013. Top 5 Int...

workingwithmckinsey.blogspot.com workingwithmckinsey.blogspot.com

Working With McKinsey: 4 Reasons Issue Trees are Used for Problem Solving at McKinsey

http://workingwithmckinsey.blogspot.com/2014/02/Reasons-for-Issue-Trees.html

Insights on working with / for current / former management consultants. Why I started this blog. Who this blog is for. Sunday, February 2, 2014. 4 Reasons Issue Trees are Used for Problem Solving at McKinsey. Issue Trees" are especially useful for solving problems - especially large, complicated ones. In this post I'll cover what they look like and some reasons why they are the preferred problem-solving approach at McKinsey. What is an Issue Tree? That makes them particularly useful for addressing large.

workingwithmckinsey.blogspot.com workingwithmckinsey.blogspot.com

Working With McKinsey: Why Doesn't McKinsey Recruit at My School?

http://workingwithmckinsey.blogspot.com/2013/12/Why-McKinsey-Recruits-At-Certain-Schools.html

Insights on working with / for current / former management consultants. Why I started this blog. Who this blog is for. Friday, December 6, 2013. Why Doesn't McKinsey Recruit at My School? Image from NYTimes.com. McKinsey sends droves of consultants to the world's best undergrad, MBA, and other programs in search of new talent and future consultants. It can be frustrating. If you're an intelligent. It's a Numbers Game. And the most potential hires. As a percentage of candidates interviewed. To recruit mor...

workingwithmckinsey.blogspot.com workingwithmckinsey.blogspot.com

Working With McKinsey: October 2013

http://workingwithmckinsey.blogspot.com/2013_10_01_archive.html

Insights on working with / for current / former management consultants. Why I started this blog. Who this blog is for. Saturday, October 26, 2013. 3 Reasons Why McKinsey Interviews Are NOT So Difficult. McKinsey has consistently topped Glassdoor.coms annual list of Top 25 Most Difficult Companies to Interview. 160; Although getting into McKinsey and other top management consulting firms is challenging (see the companion piece on Why McKinsey Interviews Are So Difficult. Saturday, October 19, 2013. Sunday...

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Working With McKinsey: Label definitions

http://workingwithmckinsey.blogspot.com/p/tags.html

Insights on working with / for current / former management consultants. Why I started this blog. Who this blog is for. To help make it easier for you to find the posts that are relevant to you, I will label each post based on the audience(s) that might find it helpful. You work for a former McKinsey consultant. You have a former McKinsey consultant working for you. You hired and/or work with a McKinsey engagement team. You have a personal connection to a current or former McKinsey consultant. Simple temp...

workingwithmckinsey.blogspot.com workingwithmckinsey.blogspot.com

Working With McKinsey: July 2013

http://workingwithmckinsey.blogspot.com/2013_07_01_archive.html

Insights on working with / for current / former management consultants. Why I started this blog. Who this blog is for. Sunday, July 7, 2013. McKinsey Presentation Decks - What is the Storyline and What is a "Dot-Dash"? If youre working with a McKinsey boss to prepare a PowerPoint (PPT) presentation - known in consulting as a deck - you might be asked to work on a storyline. And prepare a Dot-Dash version. Saturday, July 6, 2013. Image from sweetclipart.com. Wednesday, July 3, 2013. Tuesday, July 2, 2013.

workingwithmckinsey.blogspot.com workingwithmckinsey.blogspot.com

Working With McKinsey: February 2014

http://workingwithmckinsey.blogspot.com/2014_02_01_archive.html

Insights on working with / for current / former management consultants. Why I started this blog. Who this blog is for. Thursday, February 6, 2014. What is a "SMART" Problem Statement at McKinsey? Aligning on the problem statement is the first step in McKinseys approach to structured problem solving. 160; It is considered best practice at the Firm for these problem statements to be SMART. 160; In this post Ill explain some of the characteristics of good problem statements. Wednesday, February 5, 2014.

workingwithmckinsey.blogspot.com workingwithmckinsey.blogspot.com

Working With McKinsey: Top-Down vs. Bottom-Up Problem Solving Approaches at McKinsey

http://workingwithmckinsey.blogspot.com/2013/11/Top-Down-vs-Bottom-Up-Problem-Solving.html

Insights on working with / for current / former management consultants. Why I started this blog. Who this blog is for. Sunday, November 24, 2013. Top-Down vs. Bottom-Up Problem Solving Approaches at McKinsey. There are typically two primary ways to approach problem-solving - " top-down. In this post I'll explain the differences as well as why the top-down approach is preferred. By McKinsey bosses and interviewers. McKinsey takes a structured. Approach to solving problems. That includes breaking down.

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Business Concepts 101

Basic intro to MBA and consulting concepts for entrepreneurs, small/medium business (SMB) owners, and startups. Why I started this blog. Who this blog is for. Labels for filtering by topic. Saturday, January 19, 2013. Cost of Stockout vs.Overstock - 6 Factors to Consider and Why It's Not Just for Physical Goods. Image from wikipedia.org. Its not just about physical goods anymore. Although this concept of cost of an overstock vs. cost of a stockout is most closely associated with inventory management.

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