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An issue tree showing how a company can increase profitability: A profitability tree is an example of an issue tree. It looks at different ways in which a company can increase its profitability. Starting from the key question on the left, it breaks it down between revenues and costs, and break these down into further details.
Strategy consultants use MECE problem structuring to break down client problems into logical, clean buckets of analysis that they can then hand out as work streams to consulting staff on the project. Similarly, MECE can be used in technical problem solving and communication.
The McKinsey 7S Framework is a management model developed by business consultants Robert H. Waterman, Jr. and Tom Peters (who also developed the MBWA-- "Management By Walking Around" motif, and authored In Search of Excellence) in the 1980s. This was a strategic vision for groups, to include businesses, business units, and teams. The 7 S's are ...
McKinsey & Company's founder, James O. McKinsey, introduced the concept of budget planning as a management framework in his fifth book Budgetary Control in 1922. [ 39 ] : 25 [ 148 ] : 422 The firm's first client was the treasurer of Armour & Company , who, along with other early McKinsey clients, had read Budgetary Control .
Many improvement practitioners attempt to use the same DMAIC process, effective in solving the problem, as a framework for communication only to leave the audience confused and frustrated. One proposed solution to this problem is reorganizing the DMAIC information using the Minto Pyramid Principle's SCQA and MECE tools.
An example of a framework used by business analysts is: [5] Benchmarking: Comparison of metrics to competitors; Balanced scorecard: Tracking key objectives as a prevention method; Porter's five forces: Industry analysis to assess potential company profitability; The General Electric-McKinsey nine-box matrix: Used to help assess opportunities
Weisbord's six-box model; (1976) defined by focusing on one major output, exploring the extent to which consumers of the output are satisfied with it, and tracing the reasons for any dissatisfaction. Congruence model for organization analysis (1977) Mckinsey 7s framework (1981-1982) Tichy's technical political cultural (TPC) framework (1983)
When analyzing problems and their solutions, patterns emerge. These patterns translate to 'if/then' solutions. Porter's five Forces model is an example of 'if/then' solutions with recurring patterns that consistently connect problems with effective solutions. If your supplier has high bargaining power, then seek alternative sources, as an example.