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Like many other industries, management consulting has its unique lingo. [url=http://www.gotprintsigns.com/abercrombiepascher/‎]abercrombie soldes[/url] This article will show you the most common lingo. Consultants from top tier consulting firms as McKinsey, Bain, BCG and Booz regularly use this lingo.

Consulting lingo keeps evolving over time. If you are considering a career in management consulting, you should also get familiar with this [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] lingo. This might [url=http://www.jeremyparendt.com/jimmy-choo.php]jimmy choo paris[/url] be useful in the interview situation, and will give you a real-life insight of how consultants communicate. Following is some most used [url=http://www.thehygienerevolution.com/hollister.php]hollister[/url] lingo.
ALL-NIGHTER
If you are serious about a management consulting career, you will do all-nighters once in a while. Long work weeks are common for management consultants. Overtime means you have to stay up and be an all-nighter to make the deadline. Management consultants have demanding clients and you should prepare for 50-80 hours work weeks.
EXTRA 10%
"Extra 10%" started with Bain & Company. As a management consultant, doing 100% well is not enough. You are encouraged to deliver 10% more to push the edge. This can be 10% more quality, 10% more content, or whatever is relevant. The point is to never be satisfied, but push yourself.
80/20
The 80/20 theory is a classic consulting lingo. It is used to describe the relationship between causes and result. In economic perspective, you can often hear that 80% of the social wealth is in hands of the 20% richest people. In management consulting industry, 80/20 rule means that 20% work creates 80% of the results. The implication is that you should focus on the 20% most important work to achieve higher efficiency. So, 80/20 rule is important in terms of project- and time management.

MECE
MECE, pronounced as "meesee", is a principle for grouping a pool of data and is often used business process mapping. MECE framework is one of the most practiced problem-solving methods at McKinsey. It is explained by two [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] parts:

1) Mutually Exclusive: a pool of data should be divided [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] into subcategories which stand alone without overlaps. Mutually exclusiveness ensures no double counting in grouping data.

2) Collectively Exhaustive: a pool of data should be all [url=http://www.par5club.com/louboutin.php]louboutin[/url] included in subcategories. All subcategories should deal with all possible options without [url=http://www.rtnagel.com/louboutin.php]louboutin[/url] leaving any gaps. Collectively exhaustiveness ensures no information will be overlooked or missing in grouping data.

TAG LINE
Tag Line is an action-oriented statement at the [url=http://www.thehygienerevolution.com/hollister.php]hollister france[/url] top of a presentation slide that conveys succinctly the single key point that the [url=http://www.rtnagel.com/louboutin.php]louboutin pas cher[/url] slide makes. Management consultants often use slide to report recommendations and results.

SANDWICH FEEDBACK
The Sandwich Feedback method is a way to effectively give positive, constructive and good-sounding feedback. Make a sandwich feedback is like making a real sandwich: you suggest and correct through pieces of cushions (aka compliments) like breads. The structure for sandwich [url=http://www.giuseppezanottipaschere.com]giuseppe zanotti soldes[/url] feedback is: first, tell one or two compliments, then you fill in constructive suggestions or critiques, and you end with a bright outlook and encouragement. Management consultants do give and receive lot of feedback.

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