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


The Strategy Skills Podcast is the channel where strategy partners teach you the tools and techniques to solve mankind’s greatest problems. Learn all the skills of McKinsey and BCG consultants without having to work at a consulting firm. 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.

Each year we pick one consulting study and narrate the analyses, client interactions and recommendations so you can understand how the strategy is developed. Detailed videos and power-points to accompany the podcasts can be found on our website.

The podcast teaches both technical analyses and soft skills like communication. We discuss concepts to help listeners advance their strategy, operations and implementation skills, enhance their critical thinking ability and build their executive presence.
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Jan 7, 2020

We have seen many value chain mapping examples. We have seen good value chain mapping, bad value chain mapping, incomplete value chain mapping. Ultimately, given the nature how value chain mapping will work, it can only do few things and it cannot do a few things. So if value chain mapping is presented to do things it cannot do it is flawed. When you do value chain analysis it is far more useful to see where profits are going to shift over time, that is one thing you have to do. Two, 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 influencing a sector. Consumer spending can change with the recession. Recession can change things. Different legislation could cause profits move from point x to point y. Competitor making a misstep could cause it, new competitor entering, competitor going bankrupt. So whenever someone says I am so certain this will happen you should question their business judgement because you cannot predict the future.

#valuechainmapping #valuechainanalysis #valuechainanalysisexplained

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