Business Plan

Hult Business Challenge

BOS Autumn 2021

Workshop: Consulting Methodologies

Understanding a Business:

1. Learn how to ask questions.

2. Most executives, like most people, cannot describe themselves accurately. Therefore, you need to dig, listen, fill in blanks, and infer.

3. Descriptions of businesses are filled with jargon, faddish approaches, and useless terms. There are a few basics you should consider: Competitive Advantage, Customers & Consumers, Competitive Premise, Competitors, Fundamental Demand. Get those right and the rest will follow.

Teamwork:

1. Not your first team at HULT. But probably first time where the project is not defined by the lecturer. Hence, chaos is more likely.

2. Keep the challenge in mind – constantly.

3. Resolve differences quickly and openly. A cohesive/united team is always more productive – so you must debate, then unite.

4. When to work together vs. When to work separately.

5. Multi-language teams: “did we agree to do that?” Need to share discussions, consensus, agreements.

6. Everybody presents and speaks. Practice. Give feedback.

7. Team Captains are not the appointed leaders.

8. If you need your Mentor to arbitrate, use it as the last resort.

9. Checkins with Mentor via Doodle. Operational 25 September 0001

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