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628: Economic impact of poor business judgement (Case Interview & Management Consulting classics)

628: Economic impact of poor business judgement (Case Interview & Management Consulting classics)

FromCase Interview Preparation & Management Consulting | Strategy | Critical Thinking


628: Economic impact of poor business judgement (Case Interview & Management Consulting classics)

FromCase Interview Preparation & Management Consulting | Strategy | Critical Thinking

ratings:
Length:
8 minutes
Released:
Nov 13, 2023
Format:
Podcast episode

Description

For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss the economic impact of poor business judgement. The economic impact of poor business judgement, is a topic we managed every day as partners. Each time an associate made a poor “common sense” decision we needed to explain both the potential reputation and economic damage done to the firm. The former is well-known, but the latter is less known but just as important. In thinking through why consulting firms look for business judgement, it helps to consider the economic impact to clients and the firm. Here are some free gifts for you: Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo
Released:
Nov 13, 2023
Format:
Podcast episode

Titles in the series (100)

Firmsconsulting maintains a 80% success rate at placing clients within McKinsey, BCG and Bain. This is the highest in the industry and the rate is higher if we include other firms. We achieve this rate because we only use former partners from McKinsey, BCG et al to develop our clients. This makes us unique. Our podcasts have been downloaded over 2 million times worldwide and we rank in the Top 10 career podcasts in most countries. Opt-in to our newsletter at www.firmsconsulting.com to receive free sample Insider content that we share nowhere else. This podcast discusses some, but not all, the techniques used in our highly successful program "The Consulting Offer" where we take real students and train them for interviews, and publish all the videos online. In 5 seasons, the show has succeeded to place a candidate. Alice Zhou, Felix, Jennifer Nwankwo, Sanjeev & Assel are all successful participants of this program. www.firmsconsulting.com www.strategytraining.com