The Strategy Skills Podcast: Management Consulting | Strategy, Operations & Implementation | Critical Thinking

For this episode, let's revisit a Strategy Skills classic where we discuss value chain mapping. We have seen many value chain mapping examples. We have seen good value chain mapping, bad value chain mapping, and incomplete value chain mapping. Ultimately, given the nature of how value chain mapping will work, it can and cannot do a few things. So if value chain mapping is presented to do things it cannot do, then it is flawed. When you do value chain analysis, 1.) it is far more useful to see where profits will shift over time. 2.) assign some probabilities of what are the odds of this happening. And 3.) what influences those probabilities? You are analyzing the entire sector, the entire industry. A lot of things influence a sector. Consumer spending can change with the recession. Recession can change things. Different legislation could cause profits to move from point x to point y. Competitors making a misstep could cause it, new competitors entering, and competitors going bankrupt. So whenever someone says

Welcome to Strategy Skills episode 286, an episode with a top-rated speaker, best-selling author, and consultant, Dr. Cindy McGovern. Get Cindy’s book here: https://amzn.to/3Cys1ae   Most of us view “sales” as a pushy, manipulative, and one-sided thing. But really, “sales” is understanding what others need and trying to deliver on those needs. Regardless of the nature of work—whether you're selling a product, service, or idea, you are selling yourself first and it is a life skill that everybody needs. Therefore, it is important to first build trust and develop your personal brand around it which will make selling easier.    In this episode, Dr. Cindy defined sales in a different light. She discussed how to sell yourself and how to proactively manage your personal brand.   Dr. Cindy McGovern is the founder of Orange Leaf Consulting, which helps organizations, entrepreneurs, and individuals create dynamic and robust sales processes. Before launching her business, McGovern was a college professor of communicatio

Welcome to Strategy Skills episode 285, an episode with Ashish Kothari. In his book “Hardwired for Happiness” Ashish outlines an easy-to-follow recipe that can help anyone increase joy, health, love, and meaning in their lives. His transformational approach is secular, interdisciplinary and integrates learnings and best practices across the fields of science and spirituality. Get Ashish's new book here: https://amzn.to/3yyzfdh   Ashish is an executive coach, author and founder of Happiness Squad, a company focused on helping individuals and organizations unleash the power of happiness and well-being to achieve their full potential. Ashish is a deep expert on happiness and human flourishing having read over 450 books and trained under masters across the disparate fields of spiritual wisdom traditions, psychology, and neuroscience. Prior to starting Happiness Squad, Ashish spent over 17 years at McKinsey and Co, a premier management consulting firm, supporting thousands of leaders and their organizations succee

Welcome to Strategy Skills episode 284, an episode with CNBC’s Senior Media & Tech Correspondent, Julia Boorstin. Get Julia’s Book here: https://amzn.to/3ekjT4Y   In this episode, Julia speaks about female leaders and their struggles in facing gender bias and “pattern matching” in largely male-dominated industries. She discusses the key commonalities of female leaders who thrived in spite of the challenges that made them uniquely equipped to lead and grow successful businesses.    Julia also shared her journey of becoming a CNBC senior media and tech correspondent. As an expert, she shares tips on how to prepare for interviews, how to become a better communicator, and how to respond to opportunities.   Julia Boorstin is CNBC’s Senior Media & Tech Correspondent and has been an on-air reporter for the network since 2006. She also plays a central role in CNBC’s bicoastal tech-focused program “TechCheck” delivering reporting, analysis, and CEO interviews with a focus on social media and the intersection o

Welcome to Strategy Skills episode 283, an episode with an expert on organizational paradoxes, Wendy Smith. Get Wendy’s Book here: https://amzn.to/3fF1b8C   When faced with a tough decision-making situation, it is common for us to assess and select what we believe is the best deal and then move on. We tend to assume that we need to pick one option and eliminate the other. But what if we could actually succeed in pursuing both options?    In this episode with Wendy Smith, we discuss how leaders and individuals can effectively respond to contradictory yet interdependent demands and have the mindset shift needed to successfully navigate a paradox.   Wendy Smith is the Dana J. Johnson Professor of Management and faculty director of the Women’s Leadership Initiative at the Lerner College of Business and Economics, University of Delaware. She earned her PhD in organizational behavior at Harvard Business School, where she began her intensive research on strategic paradoxes—how leaders and senior teams effectively re

Welcome to Strategy Skills episode 282, an episode with a reporter for The Wall Street Journal, Sean McLain. Get Sean’s book here.   This episode with Sean McLain revolves around the story of Carlos Ghosn, one of the world’s most feared and admired business executives who had remarkable success, yet faced a catastrophic fall. He was accused of financial misconduct and arrested for a bevy of alleged crimes—all of which he vehemently denied.   Sean is a reporter for The Wall Street Journal based in Los Angeles, covering EV startups like Rivian, Lucid, and Japanese and Korean automakers.   Since 2016, Sean McLain has overseen The Wall Street Journal's coverage of the largest automakers in Japan, including Toyota, Honda, and Nissan, and received the Malcolm Forbes Award by the Overseas Press Club of America for his coverage of the former Nissan and Renault executive's arrest and detention.   Sean graduated from St. John's College in Annapolis, Maryland, and lives in Tokyo.   Get Sean’s book here: Boundless: The R

Welcome to Strategy Skills episode 281, an interview with a leadership coaching legend, David Noble.   Most leaders experience a lack of motivation to continue the things they once had a passion for. So, how do you rekindle the fire of motivation when it starts to die? The key is to know your “why” and assess if your reason is strong enough to continue the journey.   In this episode, David shares the role he plays in reframing things and bringing the best out of leaders, executives, and CEOs. David shares a powerful new framework called MOVE that characterizes great and extraordinary leaders. Most of us dislike having only one strategy to win. In David's framework, he discusses the four simple yet powerful options that will take you to the same goal: lean in, lean back, lean with, and don’t lean.   David Noble has more than twenty years of global experience advising CEOs, their teams, and major investors on leadership and strategy, and an additional fifteen years as a top executive. He was named by Thinkers50

Welcome to Strategy Skills episode 280, an episode with a renowned digital entrepreneur and founder of ENTRE institute, Jeff Lerner. Get Jeff's book here.   In this episode, Jeff discussed how he was able to build a multi-million dollar company from scratch and the key elements behind his success.   At the age of 18, Jeff started his first business after dropping out of high school and becoming a musician. After the first one failed, Jeff continued starting more businesses and failed at them too. Despite years of trying and numerous unsuccessful businesses, one of which had left him $500,000 in dept, he chose to keep going and eventually built multiple successful businesses.   Instead of retiring early, Jeff chose to spend his time inspiring and helping others build their businesses. After becoming an authority in startups, he established ENTRE institute, an online education company dedicated to helping entrepreneurs how they could start their own businesses. To date, ENTRE Institute has taught over 150,000

Welcome to Strategy Skills episode 279, an episode with a practicing emergency physician at Mayo Clinic, Dr. Richard Winters. Get Dr. Richard’s book here.   As a physician, Dr. Richard shares how he managed, adapted, and remained calm during times of covid. He discussed some of the best practices that can be adapted from the medical field into the space of business. We speak about leadership, administration, and leveraging your expertise to be effective in your career.    In this episode, we also discussed one of the traps that most leaders face today where they strive to become successful in their career, and groom and develop new leaders while taking into account the fear of being replaced.    As director of Leadership Development for the Mayo Clinic Care Network, Dr. Winters facilitates retreats and delivers programs that train leaders at healthcare organizations worldwide.   Dr. Winters graduated from the Mayo Clinic Alix School of Medicine in 1994. He is board certified and residency trained in Emergency

For this episode, let's revisit a Strategy Skills classic where we discuss what a strategy workshop will not give you at the end.   Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo   Subscribe to FIRMSconsulting's YouTube channel: http://bit.ly/Firmsconsultingsubscribe

For this episode, let's revisit a Strategy Skills classic where we discuss one important thing every consulting case study must produce.   Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo   Subscribe to FIRMSconsulting's YouTube channel: http://bit.ly/Firmsconsultingsubscribe

For this episode, let's revisit a Strategy Skills classic where we discuss one important thing you always need to present in all of your management consulting projects, a business case.   If you are not presenting a business case to a client, or a benefits case, I prefer the word benefits because it makes it clear you are looking for a benefit for a client, if you are not presenting a benefits case to a client you are making it very difficult for the client to make the decision to implement what you are saying in your recommendation as part of your management consulting project.   Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo   Subscribe to FIRMSconsulting's YouTube channel: http://bit.ly/Firmsconsultingsubscribe

Welcome to Strategy Skills episode 275, an episode with Cassie Holmes, a professor at UCLA’s Anderson School of Management and an award-winning teacher and researcher of time and happiness.   In society today, we generally equate productivity with the number of activities we do, regardless of the value it brings us and how it contributes to our well-being and happiness. We often feel “time-poor” for having too much to do and not having enough time to do it. As a result, we feel less happy and less fulfilled. On the contrary, people with too much free time feel unproductive and lack a sense of purpose. So how should we think about time and happiness?   In this episode, Cassie discusses how we can recreate our approach to time and transform every moment into a happier hour. She shares how we can spend time optimally, create moments of gratitude and fulfillment, and live life with no regrets.   Cassie earned her PhD at Stanford’s Graduate School of Business and her BA at Columbia as a psychology major. Cassie’s

Welcome to Strategy Skills episode 274, an episode with Bill George, former chairman and CEO of Medtronic and currently a professor at Harvard Business School. He has written two of the most enduring leadership classics of all time: Authentic Leadership and True North. Now, Bill has written a new book aimed at the next generation of leaders, the Emerging Leaders Edition of True North, coauthored with millennial entrepreneur Zach Clayton. Get Bill’s new book here.   This book is a clarion call to emerging leaders to step up to lead their organizations with their hearts, not just their heads, as authentic leaders who lead with purpose by inspiring and coaching their teammates. It heralds the end of the baby boomer era of Jack Welch, when too many leaders focused on maximizing shareholder value and taking shortcuts rather than building sustainable enterprises to serve all of their stakeholders. Our best hope for a better world is to empower the next generation of emerging leaders – not just those on top – to fol

For this episode, let's revisit a Strategy Skills classic where we discuss consulting workshop best practices.   Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo   Subscribe to FIRMSconsulting's YouTube channel: http://bit.ly/Firmsconsultingsubscribe

How can you resign from your job with dignity, compassion, and grace, without burning any bridges with your employer? For this episode, let's revisit a Strategy Skills classic where we share simple principles to help you leave your role in a way that leaves a positive impression on your superiors, colleagues, and organization. Do you have a story about resigning? Tell us more with a comment below. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

For this episode, let's revisit a Strategy Skills classic where we discuss the overall goal of every consulting interaction. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

For this episode, let's revisit a Strategy Skills classic where we discuss ten warning signs for a consulting workshop. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

Welcome to Strategy Skills episode 269, an episode with Gaurav Gupta, the Director at change management and strategy execution firm Kotter. Get Gaurav’s book here: https://amzn.to/3ApxT5J   The level of complexity and the pace at which things are changing in modern society requires leaders and organizations to be more reactive to change. Companies can no longer depend on a linear, methodical, deliberate approach to change. Instead, the key is to rely on a more agile, organic approach where employees are engaged and motivated to participate. As Gaurav mentioned in this episode, “The more organizations, individuals, teams, and leaders can start to frame change as an opportunity, the more people are going to run towards it because there are changes we embrace.”   In this episode, we discussed the level of change that organizations face today and how they can effectively manage, adapt, and embrace the shifts required in the business. We discussed the kind of leader who thrives in situations where the organization

Welcome to Strategy Skills episode 268, an episode with an attorney and the host of the No Straight Path Podcast, Ashley Menzies Babatunde. The pressure of keeping up with today’s competitive world is undeniably haunting. Most people spend a considerable amount of time at work and struggle to maintain their wellness and wellbeing. Many people are unhappy because they try to achieve too many things in life and lose track of the simple things that truly matter. In this episode, we speak about the gravity of maintaining wellness, prioritizing the time for taking care of yourself, finding your purpose, and living a life with a sense of completeness. We discussed how we can create a healthier and happier society while being successful in our careers and life. Ashley Menzies Babatunde was born and raised in Los Angeles, California. Ashley is a litigation associate in O’Melveny’s Los Angeles office. Her practice focuses on Health Care and White Collar Defense & Corporate Investigations.    Ashley is a storytelle