#+title: Section 13 | Lesson 70 - management consulting and the frameworks they use
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* Links
- [[./../mba-main.org][TOC | Business]]
- [[https://www.udemy.com/course/an-entire-mba-in-1-courseaward-winning-business-school-prof/learn/lecture/4317556#overview][S13:L70 course video]]
- [[https://www.udemy.com/course/an-entire-mba-in-1-courseaward-winning-business-school-prof/learn/lecture/4317496#overview][S13:L71 course video]]

* notes

** Management consuluting
- assume we need help

*** what consultants do
- analyze problems
- financial statement preparation
- enviornmental preparation

*** it consulting
- merger
- setting up offshore bank
- online banking access

*** hr staffing
- outsource hiring

** pro/con working in consulting
*** positives
- money
- interesting
- travel

*** negatives
- brutal hours
- some clients hate you
- long path to partner

** resume tips
- list of html links
- networking is more important

** analysis frameworks
*** bcg matrix

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#+PROPERTY: header-args:plantuml :cache yes :results file :exports both :file bcg-matrix.png

**** BCG Matrix Overview
This chart maps *market share* (horizontal axis) against *market growth* (vertical axis).

- X-axis: Low → High *Market Share*
- Y-axis: Low → High *Market Growth*

**** Text Diagram (quick view)
#+BEGIN_EXAMPLE
                ↑ High Market Growth
                |
                |    ┌────────────────────────────┬────────────────────────────┐
                |    │         Question Marks     │           Stars            │
                |    │  (Low Share, High Growth)  │  (High Share, High Growth) │
                |    ├────────────────────────────┼────────────────────────────┤
                |    │            Dogs            │         Cash Cows          │
                |    │ (Low Share, Low Growth)    │ (High Share, Low Growth)   │
                └────┴────────────────────────────┴────────────────────────────┘
                     Low Market Share                              High →
#+END_EXAMPLE


*** S.W.O.T analysis
#+BEGIN_EXAMPLE

                ┌─────────────────┬─────────────┐
                │     strengths   │  weaknesses │
                ├─────────────────┼─────────────┤
                │  opportunities  │  threats    │
                ┴─────────────────┴─────────────┘
#+END_EXAMPLE

*** product life cycle
1. y-axis is sales profit
2. x-axis is time

**** along the x-axis
1. development
2. intro
3. growth
4. maturity
5. decline

*** porter 5 forces model
analyze based on 5 different forces

1. competition
2. substitutes
3. new entrants
4. buyer power
5. supplier power

*** barriers to entry
- patents
- market
- produce stuff at scale

*** risks
- look at sec.gov to find
  - risks
  - weakneseses
- also you can call the company's competitor

** quantitative stuff
- trends in data
- every chart tells a story