3.5 KiB
3.5 KiB
Section 13 | Lesson 70 - management consulting and the frameworks they use
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
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)
↑ 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 →
S.W.O.T analysis
┌─────────────────┬─────────────┐
│ strengths │ weaknesses │
├─────────────────┼─────────────┤
│ opportunities │ threats │
┴─────────────────┴─────────────┘
product life cycle
- y-axis is sales profit
- x-axis is time
along the x-axis
- development
- intro
- growth
- maturity
- decline
porter 5 forces model
analyze based on 5 different forces
- competition
- substitutes
- new entrants
- buyer power
- 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