Distilling the Essence of the McKinsey* Way: The Problem-Solving Cycle

Distilling the Essence of the McKinsey* Way: The Problem-Solving Cycle Consulting projects where students are tasked to propose solutions to a client issue are a common feature in many business courses. Whether scenario-based or dealing with real clients, students engaged in consulting tasks tend to focus on solution development without giving due consideration to the underlying process by which they derive their solutions. Drawing on consulting practitioner approaches, this article presents a translation of the McKinsey approach as a six-stage structured problem-solving methodology that can be used to guide students on how to develop solutions in a systematic, logical, and evidence-based way. Prescribing a standardized methodology to students to guide their approach to consulting tasks ensures that they are able define and decompose business problems effectively and enhances the credibility of their proposed solutions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Teaching Review SAGE

Distilling the Essence of the McKinsey* Way: The Problem-Solving Cycle

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Publisher
SAGE
Copyright
© The Author(s) 2018
ISSN
2379-2981
eISSN
2379-2981
D.O.I.
10.1177/2379298118779325
Publisher site
See Article on Publisher Site

Abstract

Consulting projects where students are tasked to propose solutions to a client issue are a common feature in many business courses. Whether scenario-based or dealing with real clients, students engaged in consulting tasks tend to focus on solution development without giving due consideration to the underlying process by which they derive their solutions. Drawing on consulting practitioner approaches, this article presents a translation of the McKinsey approach as a six-stage structured problem-solving methodology that can be used to guide students on how to develop solutions in a systematic, logical, and evidence-based way. Prescribing a standardized methodology to students to guide their approach to consulting tasks ensures that they are able define and decompose business problems effectively and enhances the credibility of their proposed solutions.

Journal

Management Teaching ReviewSAGE

Published: Jun 1, 2018

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