Consultants Mind

PWC CEO Survey 2019: What 1,300 CEOs think

Consultants Mind

PWC surveys CEOs every year and publishes the results at Davos (nice timing, right?). PWC believes that CEOS’ confidence – broadly speaking – on the economy, and business climate can be a leading indicator of actual GDP growth. Seems plausible, in my mind.

Survey 195

Deloitte: Pivoting to Digital Maturity

Consultants Mind

Deloitte recently published Pivoting to Digital Maturity: 7 Capabilities Central to Digital Transformation here. They surveyed 1,200 executives (74% C-level executives, remainders VPs) and identified 7 PIVOTS that can help organizations push the digital transformation ball forward.

Strategy: Getting back to basics

Consultants Mind

The post Strategy: Getting back to basics appeared first on Consultant's Mind. Consulting Strategy

Berkshire Hathaway 2018 Letter to Shareholders

Consultants Mind

Huge fan of Berkshire Hathaway. What investor would not appreciate a 50 year run with a 20% CAGR? The fact that the #3 richest man in the world is humble beyond comparison, eats McDonald’s, and drinks Coke only cements the allure. Full letter dated Feb 23, 2019 here.

Assessing the Five Styles of Enterprise Business Intelligence

The world of BI and analytics has evolved. Discover the five styles of reporting and analysis, and learn the pros and cons of each in an enterprise scenario.

Bain: Healthcare PE in 2018

Consultants Mind

Bain & Co released a Healthcare Private Equity and Corporate M&A Report 2019 here. 1.7Mb, 64 pages) First blog on the private equity half. Bain & Company notes that “there was significant activity across all segments of the value chain.” ” Whoa, all segments?

Bain 181

Elon Musk: “Walk out of a meeting. “

Consultants Mind

In April 2018, Tesla was at a critical juncture – oh wait, that’s redundant – Tesla’s always at a critical juncture. Well, at the time, they had only produced 30K cars (as of June 2019, they’ve produced 420K+), and wanted to improve their precision, profitability, and productivity. Elon Musk sent an email out to Tesla, verified […]. The post Elon Musk: “Walk out of a meeting. “ appeared first on Consultant's Mind. Team Leadership

Oh, storytelling

Consultants Mind

Most everyone will agree that storytelling is important for professional success. When I recently surveyed some working professionals MBAs (read: folks with jobs), they rated it a 6.3 (out out of a 7 point scale) with a stdev: 0.7, No pushback here. Storytelling matters.

Survey 239

CNBC 16 min video on McKinsey & Company

Consultants Mind

Recently read The Firm: The Story of McKinsey, by Duff McDonald (affiliate link). Before I do a write up, please find a 16 min video by CNBC which highlights some of the strengths (reputation, history, alumni, 17,000 over-achiever consultants), and controversies (Enron, Valeant, MIO, South Africa) In the end, McKinsey excels at what it does. The post CNBC 16 min video on McKinsey & Company appeared first on Consultant's Mind. Consulting McKinsey

Great Podcast Interviews

Consultants Mind

Gift for you – podcast playlist Someone recently asked for a few podcast recommendations (hat tip: JZ), so I put together a playlist of 60+ podcast interviews. Two ways to subscribe: From your phone, click here and hold down for 1 second.

d.School bootcamp bootleg deck

Consultants Mind

Stanford d.school is the gold standard for all things technology, Silicon Valley, VC, experience, design, and honestly, cool. What do you expect when you combine smarts, engineering, money, risk, and graphics.

The Health Care Handbook, Elizabeth Askin MD, Nathan Moore MD, 2014

Consultants Mind

Interested in healthcare? Buy this book. Just held a talk for 25+ MBA who are heading into healthcare this summer and told them to buy this book. I even gave them a money-back guarantee, saying that I would buy the book from them, if not satisfied.

Who is Chris Sacca?

Consultants Mind

Yes, you may have seen him on Shark Tank. He is an UBER-successful angel investor and venture capitalist. Famous for his wearing vintage cowboy shirts and being on the ground floor of Twitter, Uber, Instagram, Facebook. Listened to a 90 min interview of him by Tim Ferriss. Such good stuff. Podcast and transcript of the […]. The post Who is Chris Sacca? appeared first on Consultant's Mind. Learning Success stories

Excel Basics – Things You Gotta Know

Consultants Mind

For weathered consultants, Excel is not new. In fact, we teethed our brain on it many years ago as analysts, consultants, senior consultants. In fact, it’s possible – just possible – that we have gotten pretty slow at it in our, uh um, old age. Please find a list of Excel tools and functions that […]. The post Excel Basics – Things You Gotta Know appeared first on Consultant's Mind. Learning Excel

YES, process AND purpose

Consultants Mind

The post YES, process AND purpose appeared first on Consultant's Mind. Consulting Projects

Executive status reports

Consultants Mind

Successful client service means doing great work AND exceeding the client’s expectations. If the client worries unnecessarily, gets surprised, or is somehow unaware of the scope of work, the consultant has done a poor job of communicating. For experienced principals, this sounds like a platitude.

Report 156

Amazon package = supply chain

Consultants Mind

So I am very Amazon. My first order from the website was in 1998 – yes, it was this book (affiliate link) Have 2 Echos, 1 Echo dot. Yes, I own AMZN shares. So yesterday, as I was working from home, heard the doorbell / thud outside the door, saw the Echo light up with a yellow […].

Career day

Consultants Mind

On the last day of class, I have career day. Double meaning – students do their course evaluations (impacting my career), and I dole out what career advice I have from the last 25 years. Caveat: 90% are blog posts that I have written since 2013.

Course 181

Company analysis: Pandora Media

Consultants Mind

Reading Pandora Media’s financial statements is like rubbernecking at a car crash on the highway. Completely not necessary, not classy, and perhaps a waste of time. Two years ago I wrote about Pandora’s terrible business situation here.

Proposal = Answered Questions

Consultants Mind

It’s the beginning of the year and firms are lining up their projects and consultants. Proposals and statements of work are getting written and signed. My students (management consulting class M 10-1pm) have a proposal-writing assignment due, here’s what I told them. Answer the client’s key questions Proposal outlines vary, but there are also commonalities. This […]. The post Proposal = Answered Questions appeared first on Consultant's Mind.

Bain: Healthcare M&A in 2018

Consultants Mind

Bain & Co released a Healthcare Private Equity and Corporate M&A Report 2019 here. 1.7Mb, 64 pages) Last week’s blog post was on private equity portion. This week, I am covering the M&A portion. Healthcare M&A = $435 Billion in 2018 As a headliner, 2018 was a blockbuster year for Healthcare M&A at $435B. This graph […]. The post Bain: Healthcare M&A in 2018 appeared first on Consultant's Mind. Learning Investment

Bain 120

Satya Nadella advice: bring energy and clarity

Consultants Mind

Big fan of Satya Nadella, current CEO of Microsoft. Take a look at this 2 min video. I showed this to 200+ business school students recently. Completely worth your time. Energy and Clarity. Nadella argues that empathy is core to innovation.

Energy 223

Only 38% of US publicly-traded companies are profitable

Consultants Mind

Finviz is a great way to filter stocks. It’s free. It’s like Bloomberg-lite for the non-investment bankers. It shows all the stocks traded in the US (including foreign ADRs like HMC, PHG etc).

SOW: How detailed?

Consultants Mind

The post SOW: How detailed? appeared first on Consultant's Mind. Consulting Clients

Davos: Get the skills to be able to change your skills

Consultants Mind

The post Davos: Get the skills to be able to change your skills appeared first on Consultant's Mind. Learning Bain Education

Bain 225

Charles Aris: 2019 compensation survey

Consultants Mind

Charles Aris is an executive recruiter out of North Carolina that all consultants are Linkedin. They have a great track record of placing ex-consultants in great roles. Here is their annual compensation survey here.

Survey 156

Strategic Management in 20 Icons

Consultants Mind

The post Strategic Management in 20 Icons appeared first on Consultant's Mind. Learning Education Strategy

Analyzing a company: Agilent example

Consultants Mind

Consultants should be a quick study. Imagine that you find out on Friday afternoon that you are going to be staffed on a new project on Monday. You better spend 2-3 hours getting smart on the industry and company.

30+ McKinsey presentations

Consultants Mind

Curious what a McKinsey presentation looks like? Please find links to 30+ McKinsey presentations which are publicly available online. Many of these are from conferences, or governmental / non-profit organizations clients who have chosen to make them available online. Yes, Google is useful. I selected the ones which as less than 10 years old have more than… Read More » The post 30+ McKinsey presentations appeared first on Consultant's Mind.

Strategy consulting 2018 compensation survey

Consultants Mind

Management consultants make good coin. It would be silly to think otherwise. Think, 14% of Harvard’s undergraduate class go into consulting. There is a reason for that – work with smart people on difficult, fun problems.

Survey 221

Ideo: Make your ideas tangible

Consultants Mind

Three years ago, I wrote about idea fight club – the simple, fun, true idea that consultants should start projects with an open mind, then systematically, democratically beat up on those same ideas, until the best one emerges victorious. Making ideas stronger with tough love.

Video 197

BCG: Synergies take center stage

Consultants Mind

M&A continues to boom; 36,000 deals announced in 2017 BCG published a report on 2017 M&A called M&A: Synergies Take Center Stage (Sept 2018) here. 2.7Mb pdf). It’s 33 pages, and gives a run down of all the major deals and trends. Here’s my take.

Trends 170

Give out water, not candy

Consultants Mind

It’s Halloween in the United States on October 31. Kids (and their parents) dress up in costumes head-to-toe and go from house-to-house in search of candy and chocolate. It’s great fun, and nothing is cuter than kids in their outfits.

70+ Healthcare Links

Consultants Mind

Yes, US Healthcare can be a puzzle. Or worse, a labyrinth, a Gordian knot. First, I would probably spend 5-10 hours skimming The Health Care Handbook and googling things of interest. As a second step, here is my resource list of 70+ links to thoughtful articles, websites, podcasts, videos, and other get-smart-tools. Good stuff. Provided […]. The post 70+ Healthcare Links appeared first on Consultant's Mind. Healthcare

Deloitte interviews Thomas Friedman: The Future of Work

Consultants Mind

Just read a 5,000 word interview with Thomas Friedman here. To say that I am a Friedman fan, would be an understatement. The Pulitzer Prize winning author is beyond wise. Lexus and the Olive Tree and The World is Flat (affiliate links) are incredibly important books. 5 Stars.

In memory: Lehman Brothers (1850-2008)

Consultants Mind

This week is the 10th anniversary of the beginning of the global financial crisis of 2008, and the end of Lehman Brothers, one of the most storied Wall Street firms. A new play opened in London called the “Lehman Trilogy”, and there’s a great interview montage below.

Winter reading list 2018

Consultants Mind

Reached out to readers of the ConsultantsMind blog and asked what they recommend for students on winter break. Here’s a list of books and podcasts. Using first name initial, title, and any other words they might have shared. Caveat: affiliate links. E, Strategy Consulting How Will You Measure Your Life, by Clayton Christensen The […]. The post Winter reading list 2018 appeared first on Consultant's Mind. Learning Reading

US Healthcare Strategy?

Consultants Mind

US Healthcare has so much potential, yet, it remains a super-fragmented, inefficient, and often unjust system. In sum, it’s broken in many places. In the fall, I facilitate a graduate-level course where we try to grok the root causes of an industry which is 1/5 of the economy, and by some estimates, 1/3 of it […]. The post US Healthcare Strategy? appeared first on Consultant's Mind. Learning healthcare

What is book-to-bill ratio?

Consultants Mind

The post What is book-to-bill ratio? appeared first on Consultant's Mind. Learning Finance

Jeff Bezos: “All overnight success takes about 10 years.”

Consultants Mind

Amazon is an outlier in approach, scope, scale, and profits. So, let’s listen in on an interview with someone who knows a lot about the company. Founder, Jeff Bezos, quotes in blue italics. My big takeaways: Amazon was not a “sure thing.” ” It took grit, experimentation and salesmanship Customers are more dissatisfied than you think; you […]. The post Jeff Bezos: “All overnight success takes about 10 years.”