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Case Interview Preparation & Management Consulting | Strategy | Critical Thinking

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Case Interview Preparation & Management Consulting | Strategy | Critical Thinking

StrategyTraining.com & FirmsConsulting.com

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Firmsconsulting maintains a 80% success rate at placing clients within McKinsey, BCG and Bain. This is the highest in the industry and the rate is higher if we include other firms. We achieve this rate because we only use former partners from McKinsey, BCG et al to develop our clients. This makes us unique. We never use analysts, associates, engagement managers or associate principals. We also carefully select and develop clients on their communication, image, technical and case interview sk ...
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Case Interview Preparation & Management Consulting | Strategy | Critical Thinking

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581: The secret of top sellers (with Rishi Dave) 54:38

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Welcome to an interview with Rishi Dave, a partner in Bain’s Commercial Excellence practice with deep expertise in B2B marketing and digital marketing. In this episode, Rishi explains the concept of a “Day 1 List” in B2B sales and marketing and the three things that will get a supplier or seller on the list. Rishi also discussed what a “sales play”…
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580: Managing screen time and addictive technology (with Gaia Bernstein) 48:52

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Welcome to an interview with Gaia Bernstein, a Law Professor, Director of the Institute for Privacy Protection and Co-Director of the Gibbons Institute for Law Science and Technology at the Seton Hall University School of Law. She writes, teaches and lectures in the intersection of law, technology, health and privacy. Gaia is also the mother of thr…
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579: The art of listening (with Oscar Trimboli) 1:11:06

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Welcome to an interview with the author of How to Listen, Oscar Trimboli. Effective communication is not all about eloquent speaking. The key sits on the ability to listen and how you react and respond to what you hear. As Oscar said in the episode, “The difference between hearing and listening is action”. In this episode, we discuss what good list…
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578: Changing practice styles manages uncertainty (Case Interview & Management Consulting classics) 5:29

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For this episode, let's revisit a Case Interview & Management Consulting classic where we speak about our practice styles. Over the course of the case interview training program, it becomes very important for us to change our coaching style. First, candidates become used to solving cases in just this one style and we need to ensure they can adapt t…
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577: How to beat burnout (with Michael P. Leiter, Ph.D.) 47:49

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Welcome to an interview with the co-author of The Burnout Challenge, Michael P. Leiter, Ph.D. Burnout is one of the major contributors driving people to leave their job. It results from unsuccessfully managed workplace stress and is a combination of exhaustion, psychological distancing, and a low sense of accomplishment. So how do we address burnou…
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576: Extinguishing burnout and workplace stigma (with Christina Maslach, PhD) 23:09

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Welcome to an episode with Christina Maslach, PhD, a professor of psychology (Emerita) and a researcher at the Healthy Workplaces Center at the University of California, Berkeley. In this episode, we discuss the causes of burnout and the factors contributing to it, and how leaders and organizations can address this issue to provide a sustainable an…
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575: Why candidates fail profit cases (Case Interview & Management Consulting classics) 5:03

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss why candidates fail profit cases. Most candidates would tackle a McKinsey profitability case by presenting a revenue-cost framework and offer options to lower costs and increase revenue. The reality is that such a framework and explanation shows a deep…
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574: Six priorities for case interviews (Case Interview & Management Consulting classics) 9:25

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For this episode, let's revisit a Case Interview & Management Consulting classic where we provide a simple set of priority areas that a novice aspiring consultant should focus upon in the building up to the MBA full-time September interviews. It ties together themes from existing podcasts but presents them in the format of a case interview preparat…
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573: How to thrive in the ecosystem economy (with Venkat Atluri) 56:04

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Welcome to an episode with a Senior Partner and the global leader in the Tech and Telecommunication practice at McKinsey and Company, Venkat Atluri. In this episode, we defined the emerging ecosystem economy and how most successful companies navigate and thrive in this new world. Venkat Atluri is a thought leader at McKinsey, a prolific author, and…
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572: How should we regulate tech? (with Ben Pring) 41:18

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For this episode, we interviewed the coauthor of Monster: A Tough Love Letter on Taming the Machines that Rule our Jobs, Lives, and Future, Ben Pring. Who is responsible for regulating and overseeing technology and online platforms? Is it the government? The ITs and developers? Or maybe…the users? In this episode, we deliberated the significance of…
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571: Capturing and using feedback correctly (Case Interview & Management Consulting classics) 5:37

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss how to capture and use feedback correctly. Candidates good through a lot of trouble finding practice partners and reaching out to current and former consultants. We do, however, find that despite all of this effort, they tend to be very weak at the man…
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570: Four classic math mistakes in cases (Case Interview & Management Consulting classics) 7:18

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss four classic math mistakes in cases. Candidates mess up calculations for 4 primary reasons: missing units, complicated equations, weak visual layout and poor technique. Notice that we ignore speed and arithmetic. There is a reason for that and it is di…
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569: What fuels our desires? (with Luke Burgis) 52:04

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For this episode, we interviewed the author of Wanting: The Power of Mimetic Desire in Everyday Life, Luke Burgis. Why do we want what we want? This topic is rarely presented in conversations, business meetings, or political agendas, but it has a comprehensive impact on our lives and shapes our societies. This episode explores the psychology behind…
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568: Go beyond happiness (with Jenn Lim) 1:01:38

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For this episode, we interviewed Jenn Lim, the CEO of Delivering Happiness, also known as DH. In this episode, Jenn speaks about her journey of discovering and understanding the meaning of happiness and purpose. What is the source of genuine happiness and how does it impact your work and career? Delivering Happiness, also known as DH is a company t…
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567: Managing sales in a world of constant change (with Frank Cespedes) 48:29

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For this episode, we interviewed the author of Sales Management That Works: How to Sell in a World that Never Stops Changing, Frank Cespedes. How do you manage sales in a world that never stops changing? In this episode, Frank shares valuable insights to equip sales professionals and business leaders in managing sales within their organization and …
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566: What is the foundation of trust? (with Sandra Sucher) 1:16:50

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For this episode, we interview the coauthor of The Power of Trust, Sandra Sucher. In this book, Sandra Sucher and Shalene Gupta examine the economic impact of trust and the science behind it and conclusively prove that trust is built from the inside out. Trust emerges from a company being the “real deal”: creating products and services that work, h…
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565: 10 proven rules to succeed in tech stock investing (with Mark Mahaney) 39:44

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For this episode we interviewed one of Wall Street’s legendary tech analysts, Mark Mahaney. In this episode, Mark discusses ten lessons that are proven to help investors succeed in tech stock investing. He shares powerful advice and knowledge from analyzing the most explosive sector on Wall Street over the past quarter century. Lesson 1: There Will…
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564: Redefining digital transformation (with Tim Bottke) 43:01

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Welcome to an episode with the author of Digital Transformation Payday, Tim Bottke. Why do companies embark on digital transformation? Is it because they need it? Or is it because it’s the trend? In this episode, we deep dived into the world of digital transformation. We discussed the common mistakes companies make when pursuing digital transformat…
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563: The hidden meaning behind failure (Suneel Gupta) 1:20:48

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For this episode, let's revisit a Case Interview & Management Consulting classics where we interviewed Suneel Gupta, the author of the international bestselling book Backable (2020). This book is rooted in his inner journey from twice-failed entrepreneur to becoming a leader behind two IPOs and being named “The New Face of Innovation” by the New Yo…
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562: What drives Amazon’s success? (with Bill Carr) 1:13:40

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For this episode, let's revisit a Case Interview & Management Consulting classics where we interviewed the former Amazon Digital Media VP, Bill Carr. Bill is the coauthor of Working Backwards: Insights, Stories, and Secrets from Inside Amazon, an insider's breakdown of Amazon's approach to culture, leadership, and best practices from two long-time,…
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561: Diving deep into enduring business ideas (with Adi Ignatius) 49:31

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Welcome to an episode with the Editor-in-Chief of the Harvard Business Review Group, Adi Ignatius. In this episode with Adi Ignatius, we discussed timeless pieces from the Harvard Business Review, deep-dived into the business ideas and concepts within, and discussed how its perspective on business ideas helps us prepare for the future. Adi shared h…
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560: Be your own hero (with Carolyn Buck Luce) 1:05:27

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Welcome to an episode with one of America’s most respected and accomplished voices on women as leaders and their relationship with power, Carolyn Buck Luce. Have you ever wondered what the world looks like from someone else’s point of view? We are all born different, with unique perspective, set of skills, talent, and experience, and with this comb…
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559: How to use scarcity to drive sales (with Dr. Mindy Weinstein) 47:49

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Welcome to an episode with a leading expert in digital marketing, Dr. Mindy Weinstein. In this episode, Mindy discussed how to leverage the principle of scarcity to influence customer decisions, boost sales, and positively impact your business. She also shared the four types of scarcity: time-related, supply-related, demand-related, and limited edi…
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558: Why you need case interview structures (Case Interview & Management Consulting classics) 11:18

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss why you need case interview structures. Despite the words “framework” and “structure” used so often, most candidates cannot explain what it is and why it is used. Unless you know the latter, you tend to misuse the framework and incorrectly use it in a …
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557: Drowning in case feedback (Case Interview & Management Consulting classics) 8:38

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss about candidates drowning in feedback. They want as much good feedback as possible and speak to as many people as possible thereby receiving lots of detailed and sometimes average feedback on their performance. There are two problems here. First, much …
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556: Disclosure rules on resumes (Case Interview & Management Consulting classics) 8:08

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss the disclosure rules on resumes. Candidates sometimes divulge too much confidential details, or too little in interviews, resumes, cover letters and LinkedIn profiles. These are the rules for disclosure. It is important to remember that disclosing conf…
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555: Build hypotheses with decision trees (Case Interview & Management Consulting classics) 9:26

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss how build hypotheses with decision trees. Building hypotheses is very difficult. Most candidates in a McKinsey, BCG et al interview would not know when to build the hypothesis, what comprises the hypothesis, how to test if it is MECE etc. This simple t…
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554: Example of poor case dialogue (Case Interview & Management Consulting classics) 11:43

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss an example of poor case dialogue. Interviewers can only respond to what you say, and poor communication, like in this example, not only wastes time, but is a poor reflection on your candidacy. This is a crucial point to remember. No matter how brillian…
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553: DEI: The foundation of workplace utopia (with Dr. Ella F. Washington) 45:13

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Welcome to an episode with Dr. Ella F. Washington, the author of The Necessary Journey: Making Real Progress on Equity and Inclusion. How do we build an environment where employees feel safe to be themselves? Who is responsible for creating an organization that values and embraces diversity, equity, and inclusion? And what do we truly need to achie…
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552: How to hold networking conversations (Case Interview & Management Consulting classics) 9:44

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss how to hold networking conversations Networking calls/coffee chats are tricky. You should not be following the advice found for general recruitment. We insist our clients network with partners so most of the advice we provide is for networking with McK…
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551: Building careers and lasting relationships (with Frank O’Connell) 53:29

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Welcome to an episode with Frank O’Connell, the author of Jump First, Think Fast. In this episode, Frank takes us on his career journey as he successfully explores multiple industries from baked goods to sporting apparel to video games. He shares the lessons he learned and how he built lasting relationships as he worked in different industries. Fra…
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550: Understanding cryptocurrency and blockchain (with Ravi Sarathy) 1:01:11

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Welcome to an episode with a Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business, Ravi Sarathy. What happens if a company or country regulates its own digital currency? In this episode, Ravi Sarathy answers very interesting questions about blockchain and cryptocurrency. He outlines the feat…
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549: Is there a decline in US industrial prowess? (with Nick Santhanam) 54:42

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Welcome to an episode with Nick Santhanam, the CEO of Fernweh Group, an investment company adapting an engaged investor & operator model (EIOM) to create alpha in the industrial and industrial technology sector. In this episode, we dig deep into the prevailing narrative about the decline of manufacturing in the US and if that is the case, the actio…
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548: Winning against all odds (with Daphne Jones) 1:20:37

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Welcome to an episode with a highly regarded global executive, Daphne E. Jones. In this episode, Daphne shares her inspiring journey of overcoming criticism, judgment, racism, and doubt. She was told by her career counselor that Black girls don’t successfully make it in college, but should instead go to secretary school. Today, Daphne is a corporat…
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547: Designing company culture (with Mauro Porcini) 1:26:05

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Welcome to an episode with the first-ever Chief Design Officer and SVP of PepsiCo, the world's second-largest food and beverage company, Mauro Porcini. In this episode, Mauro talked about how his career started and how his love of what he is doing helped made PepsiCo what it is today. He also talked about the step-by-step process of designing and e…
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546: Driving company growth through ventures (with Linda Yates) 1:14:46

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Welcome to an episode with Linda Yates, the founder and CEO of Mach49, the leading growth incubator for global businesses with clients including Goodyear, Hitachi, Intel, JetBlue, Nestlé Purina, Prudential and Shell. In Linda’s new book The Unicorn Within, she empowers large companies to beat startups at their own game—to build a pipeline and portf…
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545: Redefining sales and personal brand (with Dr. Cindy McGovern) 55:46

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Welcome to an episode with a top-rated speaker, best-selling author, and consultant, Dr. Cindy McGovern. Get Cindy’s book here: https://amzn.to/3Cys1ae Most of us view “sales” as a pushy, manipulative, and one-sided thing. But really, “sales” is understanding what others need and trying to deliver on those needs. Regardless of the nature of work—wh…
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544: The best practices to live a happy and fulfilling life (with Ashish Kothari) 53:54

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Welcome to an episode with Ashish Kothari. In his book “Hardwired for Happiness” Ashish outlines an easy-to-follow recipe that can help anyone increase joy, health, love, and meaning in their lives. His transformational approach is secular, interdisciplinary and integrates learnings and best practices across the fields of science and spirituality. …
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543: Case length and details (Case Interview & Management Consulting classics) 6:52

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For this episode, let's revisit a Case Interview & Management Consulting classic where we dtalk about case length and details. When we ask candidates for more details in their resume, fit responses and cover letter, they always write longer sentences. There is an important difference between “more details” and “greater length". Most candidates are …
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542: Speed is the wrong focus area (Case Interview & Management Consulting classics) 8:50

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss speed. Far too many candidates focus on being faster. That is another myth. Speed is an outcome of having good technique. So if you are slow, deconstruct your technique, analyze weaknesses and develop a new way to solve arithmetic. That is key. Unless …
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541: Are you trading time for money? (with Catherine Mattiske) 1:21:30

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Welcome to an episode with Catherine Mattiske, a leading training professional, author, and publisher, with an internationally acclaimed career spanning 30 years across an array of industries including banking, insurance, pharmaceutical, biotechnology, and retail. In this episode, Catherine speaks about her journey of becoming a successful entrepre…
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540: The commonalities of thriving female leaders (with Julia Boorstin) 1:01:42

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Welcome to an episode with CNBC’s Senior Media & Tech Correspondent, Julia Boorstin. Get Julia’s Book here: https://amzn.to/3ekjT4Y In this episode, Julia speaks about female leaders and their struggles in facing gender bias and “pattern matching” in largely male-dominated industries. She discusses the key commonalities of female leaders who thrive…
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539: A strategy to navigate a paradox (with Wendy Smith) 53:24

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Welcome to an episode with an expert on organizational paradoxes, Wendy Smith. Get Wendy’s Book here: https://amzn.to/3fF1b8C When faced with a tough decision-making situation, it is common for us to assess and select what we believe is the best deal and then move on. We tend to assume that we need to pick one option and eliminate the other. But wh…
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538: Success to downfall: The story of Carlos Ghosn (with Sean McLain) 59:29

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Welcome to an episode with a reporter for The Wall Street Journal, Sean McLain. Get Sean’s book here. This episode with Sean McLain revolves around the story of Carlos Ghosn, one of the world’s most feared and admired business executives who had remarkable success, yet faced a catastrophic fall. He was accused of financial misconduct and arrested f…
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537: Do not read your interviewer (Case Interview & Management Consulting classics) 9:05

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For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss about the typical errors candidates make in trying to read too much into the behavior of interviewers: quiet, asking questions, rude, etc. One thing we always caution candidates is to be wary of assuming the friendly person likes them or that the unfri…
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536: The financial freedom roadmap (with Candy Valentino) 52:38

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Welcome to an episode with a sought-after business leader and an expert in finance and investing, Candy Valentino. How do you create wealth and financial freedom? This question roams around almost anyone’s mind. Yet, not everyone has achieved the “financial freedom” level. In this episode, Candy shares the most effective tips to build wealth throug…
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535: The vast possibilities within knowledge management systems (with Jennifer Smith) 50:24

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Welcome to an episode with Jennifer Smith, the CEO and co-founder of Scribe, Jennifer Smith. In this episode, Jennifer shared her career journey and how she came up with the ideas that led her to founding Scribe. We discuss the value of institutionalizing knowledge and unleashing know-how from a single person into an asset that’s available across t…
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534: MOVE: A framework to reinforce the leader in you (with David Noble) 47:45

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Welcome to an interview with a leadership coaching legend, David Noble. Most leaders experience a lack of motivation to continue the things they once had a passion for. So, how do you rekindle the fire of motivation when it starts to die? The key is to know your “why” and assess if your reason is strong enough to continue the journey. In this episo…
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Case Interview Preparation & Management Consulting | Strategy | Critical Thinking

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533: Starting a business from scratch (with Jeff Lerner) 1:09:51

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Welcome to an episode with a renowned digital entrepreneur and founder of ENTRE institute, Jeff Lerner. Get Jeff's book here. In this episode, Jeff discussed how he was able to build a multi-million dollar company from scratch and the key elements behind his success. At the age of 18, Jeff started his first business after dropping out of high schoo…
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Case Interview Preparation & Management Consulting | Strategy | Critical Thinking

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532: What makes you a great leader? (with Dr. Richard Winters) 49:24

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Welcome to an episode with a practicing emergency physician at Mayo Clinic, Dr. Richard Winters. Get Dr. Richard’s book here. As a physician, Dr. Richard shares how he managed, adapted, and remained calm during times of covid. He discussed some of the best practices that can be adapted from the medical field into the space of business. We speak abo…
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