510: How to solve the crux (with Richard Rumelt)

510: How to solve the crux (with Richard Rumelt)

Welcome to an episode with Emeritus Professor at UCLA Anderson, Richard Rumelt.

Get Richard's book here: https://amzn.to/3OrNfuK

In this episode, Richard iterated the real meaning of strategy, which many companies today confuse with a list of their goals and ambitions. Strategy is problem-solving – a clever way of dealing with a challenge, opponent, or problem. It also involves selecting which battle you fight because you cannot fight them all. As a great strategist, you need to select battles that you can win.

Richard also explained the crux or the biggest challenge that companies need to identify, emphasize, and concentrate their resources on until it is fixed or solved. As Richard mentioned in this episode, "the primary thing about strategy is that it is about a concentration of resources. It is about focus."

Richard Rumelt received his doctorate from the Harvard Business School in 1972, having previously earned a Master of Science in electrical engineering from UC Berkeley. He worked as a systems engineer at the Jet Propulsion Laboratories and served on the faculty of the Harvard Business School. He joined the UCLA faculty in 1976. He also served as a faculty at INSEAD, France for three years. At INSEAD, Rumelt headed the Corporate Renewal Initiative, a research-intervention center devoted to the study and practice of corporate transformation.

Rumelt was president of the Strategic Management Society from 1995 to 1998. He received the Irwin Prize for his book Strategy, Structure, and Economic Performance. In 1997, he was appointed Telecom Italia Strategy Fellow, a position he held until April 2000. He has won teaching awards at UCLA and received a best paper prize in 1997 from the Strategic Management Journal.

Get Richard's book here:

The Crux: How Leaders Become Strategists, Richard Rumelt: https://amzn.to/3OrNfuK

Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

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336: Joining McKinsey with a 2.1 GPA

336: Joining McKinsey with a 2.1 GPA

Here we share the very detailed approach we used to place a client, into McKinsey USA, with a 2.1/4.0 GPA. This is the lowest GPA we have ever placed into McKinsey since Firmsconsulting was founded. If you genuinely find our podcasts useful, we would sincerely appreciate you leaving a genuine review on iTunes. The mission of Firmsconsulting is to make the world better by arming leaders around the world with the necessary skills to solve mankind's toughest problems. The simple step of leaving a genuine iTunes review will help us greatly in pursuing our mission. Good luck to everyone going through the case interview recruitment process.  Kris kris @ firmsconsulting.com SIGN UP TO RECEIVE FREE TRAINING VIDEOS HERE KEEP IN TOUCH: Facebook / Twitter / LinkedIn / Instagram WANT TO LEARN FROM FORMER STRATEGY PARTNERS? REFER TO THE FIRMSCONSULTING ORIGINAL TRAINING PROGRAMS.

29 Syys 201832min

335: How to set bold goals

335: How to set bold goals

In this #335th and new episode of the Consulting & Case Interviews complimentary podcast, audio version, we continue the conversation started in the previous episode. We discuss a practical example of doing something other people may disagree with. We also touch on idealizing goals (especially during the case interview process) and how to set bold goals while dramatically reducing the pressure. We hope this podcast will make at least a small difference in your career.  Kris kris @ firmsconsulting.com SIGN UP TO RECEIVE FREE TRAINING VIDEOS HERE KEEP IN TOUCH: Facebook / Twitter / LinkedIn / Instagram WANT TO LEARN FROM FORMER STRATEGY PARTNERS? REFER TO THE FIRMSCONSULTING ORIGINAL TRAINING PROGRAMS.

9 Elo 201813min

334: Seeking external validation? How it impacts your case interviews, career and life

334: Seeking external validation? How it impacts your case interviews, career and life

In this #334 and new episode of the Consulting & Case Interviews complimentary podcast, audio version, we help listeners understand how seeking external validation impacts your case interviews, career and life. This iTunes podcast channel is routinely ranked in the Top-10 worldwide for careers. Thank you for listening and making us the world's most popular consulting & case interview podcast. Kris kris @ firmsconsulting.com SIGN UP TO RECEIVE FREE TRAINING VIDEOS HERE KEEP IN TOUCH: Facebook / Twitter / LinkedIn / Instagram WANT TO LEARN FROM FORMER STRATEGY PARTNERS? REFER TO THE FIRMSCONSULTING ORIGINAL TRAINING PROGRAMS.

25 Heinä 201815min

333: When to use interviewer-led vs. interviewee-led styles

333: When to use interviewer-led vs. interviewee-led styles

Hi everyone, In this #333 and new episode of the Consulting & Case Interviews complimentary podcast, audio version, we answer when to use interviewer-led vs. interviewee-led styles. This iTunes podcast channel is routinely ranked in the Top-10 worldwide for careers. Thank you for listening and making us the world's most popular case interview podcast. This podcast is available on our Apps in the complimentary section where NO subscription/membership is needed. Download our Apple and Android Apps, click on browse and scroll to the "Complimentary: no subscription needed" section. You will find the podcast under the "Case Interviews and Management Consulting" channel. If you find FC podcasts helpful, please consider leaving a review for our Apps and/or iTunes channels. We hope this podcast will make at least a small difference in your career. Do not hesitate to post any questions/comments. Until next time, go and make change happen. Learn. Apply. Advance. Kris kris@firmsconsulting.com SIGN UP FOR OUR EMAIL UPDATES HERE & RECEIVE FREE CASE INTERVIEW TRAINING KEEP IN TOUCH: Facebook / Twitter / LinkedIn WANT TO LEARN FROM FORMER STRATEGY PARTNERS? REFER TO THE FIRMSCONSULTING ORIGINAL TRAINING PROGRAMS.

8 Heinä 201811min

332: Why is Business Judgment So Hard to Build?

332: Why is Business Judgment So Hard to Build?

Hi everyone, In this 332nd and new episode of the Case Interview & Management Consulting complimentary podcast we discuss a crucial element that determines success in the case interview process as well as broader business and life. Of course, we are talking here about business judgment. Sincerely, Kris Partner kris@firmsconsulting.com SIGN UP FOR OUR EMAIL UPDATES HERE & RECEIVE FREE CASE INTERVIEW TRAINING KEEP IN TOUCH: Facebook / Twitter / LinkedIn WANT TO LEARN FROM FORMER STRATEGY PARTNERS? REFER TO THE FIRMSCONSULTING ORIGINAL TRAINING PROGRAMS.

2 Maalis 201812min

331: Can You Complain About a Bad Case Interview Experience?

331: Can You Complain About a Bad Case Interview Experience?

This podcast is currently available on our new Apps in the complimentary section where NO subscription/membership is needed. Download our Apple and Android Apps, click on browse and scroll to the "Complimentary: no subscription needed" section. You will find the podcast under the "Case Interviews & Management Consulting" channel. If you find our podcasts useful, we would sincerely appreciate you leaving a genuine review for our Apps and/or iTunes channels. Although this may seem like a small step, these reviews will help us enormously. Our goal is to help our clients solve mankind's toughest problems. The simple step of leaving a genuine review will help us greatly in pursuing our mission. Thank you in advance. Do not hesitate to reach out if you have any questions on how to make the most of FC training or if you have any comments/feedback. Sincerely, Kris Partner kris@firmsconsulting.com SIGN UP FOR OUR EMAIL UPDATES HERE & RECEIVE FREE CASE INTERVIEW TRAINING KEEP IN TOUCH: Facebook / Twitter / LinkedIn WANT TO LEARN FROM FORMER STRATEGY PARTNERS? REFER TO THE FIRMSCONSULTING ORIGINAL TRAINING PROGRAMS.

4 Helmi 201812min

330: How to Position an Online Degree?

330: How to Position an Online Degree?

Hi everyone, In this 330th and new episode of the Case Interview & Management Consulting complimentary podcast, audio version, we discuss how to position an online degree. We address what to consider if you are selecting an online degree to complete and what is important if you are in the process of completing an online degree. We also discuss 2 most important things to get an interview if you are trying to break into consulting with an online degree. This podcast is currently available on our new Apps in the complimentary section where NO subscription/membership is needed. Download our Apple and Android Apps, click on browse and scroll to the "Complimentary: no subscription needed" section. You will find the podcast under the "Case Interviews & Management Consulting" channel. If you find our podcasts useful, we would sincerely appreciate you leaving a genuine review for our Apps and/or iTunes channels. Although this may seem like a small step, these reviews will help us enormously. Our goal is to help our clients solve mankind's toughest problems. The simple step of leaving a genuine review will help us greatly in pursuing our mission. Thank you in advance. Do not hesitate to reach out if you have any questions on how to make the most of FC training or if you have any comments/feedback. Sincerely, Kris Partner kris@firmsconsulting.com SIGN UP FOR OUR EMAIL UPDATES HERE & RECEIVE FREE CASE INTERVIEW TRAINING KEEP IN TOUCH: Facebook / Twitter / LinkedIn WANT TO LEARN FROM FORMER STRATEGY PARTNERS? REFER TO THE FIRMSCONSULTING ORIGINAL TRAINING PROGRAMS.

27 Tammi 201813min

329: Confusing Being a Critic for Critical Thinking

329: Confusing Being a Critic for Critical Thinking

Hi everyone,  In this 329th and new episode of the Case Interview & Management Consulting complimentary podcast, audio version, we discuss a very common problem of confusing being a critic for critical thinking and how it limits your ability to learn.  This podcast is currently available on our new Apps in the complimentary section where NO subscription/membership is needed. Download our Apple and Android Apps, click on browse and scroll to the "Complimentary: no subscription needed" section. You will find the podcast under the "Case Interviews & Management Consulting" channel.  If you find our podcasts useful, we would sincerely appreciate you leaving a genuine review for our Apps and/or iTunes channels. Although this may seem like a small step, these reviews will help us enormously.  Our goal is to help our clients solve mankind's toughest problems. The simple step of leaving a genuine review will help us greatly in pursuing our mission. Thank you in advance.  Do not hesitate to reach out if you have any questions on how to make the most of FC training or if you have any comments/feedback.  Sincerely,  Kris Partner kris@firmsconsulting.com

10 Tammi 201810min

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