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Management consultants are often loudly criticised. Why is this so?
A large part of the reason is that consultants are paid a lot of money to provide recommendations which may or may not be implemented, and may or may not work.  They get paid regardless …

Note: Thank you to Mimi Zou for bringing this analysis framework to my attention.
1. Background
MECE is one of the hallmarks of problem solving at McKinsey (The McKinsey Way by Ethan M. Rasiel). McKinsey consultants use the MECE framework when trying to think clearly about …

I recently watched a talk given by Warren Buffett to a group of MBA students at the University of Florida, College of Business. In the speech, Buffett gives his perspective on investing, in which he outlines the need to understand the underlying economics of the …