HOW TO SOLVE PROBLEMS - How do consulting firms work (hypothesis-based problem solving explained)

How to solve tough problems? How do consulting firms work? How does hypothesis-based problem solving work? What methodology do consulting firms use on their projects? What is the consulting approach to problem solving? These are the questions that I answer in this video. I talk about hypothesis-based consulting, this is a consulting 101 skill that every consultant should master for a successful management consulting career. Solving problems is crucial for every business professional, becoming a good problem solver is key. Whenever you build issue trees or work with the MECE principle, it is often embedded into a hypothesis-based problem solving approach. The skill of hypothesis-based problem solving is crucial to solve business problems. This video is a consulting day in a life as you will apply this skill every day in consulting. Learn what it means to work in consulting, in a MBB consulting firm such as McKinsey, BCG or Bain. When you create management consulting presentations, this principle is relevant as well.

Chapters
00:00 Introduction
01:16 Intuition for hypothesis-based problem solving
04:21 Practical example for hypothesis-based thinking
07:03 Hypothesis-based problem solving explained
09:57 Wrap-up

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