Consulting Methodologies & Frameworks Flashcards
7 cards from real CSC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Consulting Methodologies & Frameworks flashcards as text
The MECE principle, widely used in structured consulting, stands for which of the following?
Answer: Mutually Exclusive, Collectively Exhaustive
MECE stands for Mutually Exclusive, Collectively Exhaustive, ensuring that analysis categories do not overlap and together cover all possibilities.
In McKinsey's 7S Framework, which of the following is considered a 'hard' element?
Answer: Structure
Structure is a 'hard' element in the 7S Framework because it is tangible and directly manageable, unlike soft elements such as style, skills, and shared values.
A senior consultant uses an issue tree to decompose a client's business problem. What is the primary purpose of this tool?
Answer: To break a complex problem into smaller, structured components
An issue tree systematically decomposes a complex problem into its component parts, allowing the consultant to identify root causes and structure the analysis.
Porter's Value Chain Analysis is best used by a consultant to accomplish which objective?
Answer: Identify how a firm creates competitive advantage through its activities
Porter's Value Chain Analysis examines the sequence of activities a firm performs to deliver a product or service, revealing where competitive advantage is created or lost.
During a hypothesis-driven consulting engagement, at what stage should the initial hypothesis be formed?
Answer: Early in the engagement, before extensive data gathering begins
Hypothesis-driven consulting requires forming an early hypothesis to focus data collection and analysis on proving or disproving that hypothesis efficiently.
When conducting a benchmarking study, which type involves comparing a client's processes against those of non-competing companies in different industries?
Answer: Functional benchmarking
Functional benchmarking compares specific processes or functions against best-in-class organizations outside the client's industry, enabling breakthrough improvements.
A root cause analysis tool that categorizes causes into categories such as people, process, equipment, and environment is known as a:
Answer: Fishbone (Ishikawa) diagram
A Fishbone (Ishikawa) diagram visually organizes potential causes of a problem into structured categories to identify root causes.