{"id":196513,"date":"2020-09-16T23:34:12","date_gmt":"2020-09-16T23:34:12","guid":{"rendered":"https:\/\/firmsconsulting.com\/?p=4867"},"modified":"2024-06-26T07:55:25","modified_gmt":"2024-06-26T14:55:25","slug":"consulting-case-study","status":"publish","type":"post","link":"https:\/\/firmsconsulting.com\/consulting-case-study\/","title":{"rendered":"Consulting case study: the one thing every consulting case study must produce"},"content":{"rendered":"<h1>Consulting Case Study: The One Thing Every Consulting Case Study Must Produce<\/h1>\n<p>A\u00a0case study is one of the most common tools used anywhere a major decision has to be made, whether it\u2019s within a large company, or it\u2019s for a consulting firm advising a company. This common tool is so often used but people don\u2019t really think about what a case study should deliver. So today I want to talk about logical case studies and really focus you on the one thing that a consulting case study should deliver. If you can deliver this one thing, it doesn\u2019t matter whether the rest of the case study is missing components or it\u2019s not very clear.<\/p>\n<p><a href=\"https:\/\/youtu.be\/EKCDqf2HPws\" rel=\"nofollow\">https:\/\/youtu.be\/EKCDqf2HPws<\/a><\/p>\n<p>Now let&#8217;s show you a slide that we put together in the corporate strategy and transformation program where we&#8217;re helping Empire International, a very large energy utility, restructure themselves.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-188691\" src=\"https:\/\/i0.wp.com\/firmsconsulting.com\/wp-content\/uploads\/2020\/05\/Screen-Shot-2020-05-23-at-3.18.25-PM.png?resize=2880%2C1612&#038;quality=80&#038;ssl=1\" alt=\"consulting case study\" width=\"2880\" height=\"1612\" srcset=\"https:\/\/i0.wp.com\/firmsconsulting.com\/wp-content\/uploads\/2020\/05\/Screen-Shot-2020-05-23-at-3.18.25-PM.png?w=2880&amp;quality=80&amp;ssl=1 2880w, https:\/\/i0.wp.com\/firmsconsulting.com\/wp-content\/uploads\/2020\/05\/Screen-Shot-2020-05-23-at-3.18.25-PM.png?resize=450%2C252&amp;quality=80&amp;ssl=1 450w, https:\/\/i0.wp.com\/firmsconsulting.com\/wp-content\/uploads\/2020\/05\/Screen-Shot-2020-05-23-at-3.18.25-PM.png?resize=511%2C286&amp;quality=80&amp;ssl=1 511w, https:\/\/i0.wp.com\/firmsconsulting.com\/wp-content\/uploads\/2020\/05\/Screen-Shot-2020-05-23-at-3.18.25-PM.png?resize=768%2C430&amp;quality=80&amp;ssl=1 768w, https:\/\/i0.wp.com\/firmsconsulting.com\/wp-content\/uploads\/2020\/05\/Screen-Shot-2020-05-23-at-3.18.25-PM.png?resize=786%2C440&amp;quality=80&amp;ssl=1 786w, https:\/\/i0.wp.com\/firmsconsulting.com\/wp-content\/uploads\/2020\/05\/Screen-Shot-2020-05-23-at-3.18.25-PM.png?w=2000&amp;quality=80&amp;ssl=1 2000w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>If you want to see the whole live study with all of the details so far, you can go to the StrategyTraining.com website to view <a href=\"https:\/\/www.strategytraining.com\/corporate-strategy-transformation-program\" target=\"_blank\" rel=\"noopener noreferrer\">Corporate Strategy and Transformation Study<\/a>, and we\u2019re still adding more components to it. If you are not a member, you can still get samples of some of our content by going to Firmsconsulting.com\/promo and we&#8217;ll send you some sample content.<\/p>\n<h2>Extract the key insight from the consulting case study into one slide<\/h2>\n<p>Back to our slide, it\u2019s a very straightforward and insightful slide. I\u2019m not going to talk you through the slide because you can read it for yourself. What I want to talk you through today is why we presented this slide versus a 20-slide deck on the case study.<\/p>\n<p>Think about this, right! When a firm or a consultant does a case study, the perception is that the consulting case study should be about 5 to 20 slides. There should be a cover page, a summary page, an executive summary page, the details and lessons learned. That is what other people do.<\/p>\n<p>What I had always done when I was an associate, or when I became an engagement manager, what I had always instructed the teams to do even when I led teams directly as a partner, is that I asked them to focus less on the fluff, and if they can extract the key insight from the consulting case study into one slide, that is far more valuable to me.<\/p>\n<p>Can you imagine I\u2019m presenting to an executive and I\u2019ve got to present this 20-slide deck for each of four case studies? That\u2019s 80 slides, in which a lot of pages are just redundant and nonsense whereby there are the cover page, summary page, index page, and so on, which are unnecessary. The client does not need to know all of the background. The client does not need to know all of the things you analyze, either. They want to know the deepest insight that is relevant to them, which can be depicted on just one slide in any case study you do.<\/p>\n<p>And you have to be careful, creative, and take some time to figure out how to create that one slide designed in such a way that you can show the insight versus using just any standard templates the firm has, which is one of the dangers you have. Firms have these template guides. You pick a template to use and populate it with data even when the template does not allow you to convey the key message you want in just one slide.<\/p>\n<p>So if you are doing a consulting case study ask yourself this, \u201cWhat is the one most important thing you want the client to know from this case study?\u201d It&#8217;s possible that you want the client to know three important things. That&#8217;s fine, then you can have three slides, or you can have two important things in one slide and the third thing on the second slide, giving you a total two slides.<\/p>\n<h2>The habit of showing clients a lot of slides<\/h2>\n<p>You want to break away from the habit of showing the client you did work by presenting to them many slides. Initially, you may impress the client with the amount of work you\u2019re doing, but at the end of the study when the senior members of the client team are talking about the insights and value, it would be apparent that you haven&#8217;t actually shown them anything important or that you haven\u2019t actually extracted some piece of information that is useful.<\/p>\n<p>They\u2019re never going to say, \u201cWell, you know, this consulting firm gave us a three hundred slide deck; therefore, they brought a lot of value even though we can\u2019t really understand the insights.<\/p>\n<p>I remember once working with a very large firm. This is after I left and I was considering joining them, and they let me talk to some of their consulting teams. The team I was talking with was from New York and they were doing this really in-depth set of analyses. I mean extremely detailed mapping of the sector and so on. I remember talking to them and saying, \u201cWhat is your hypothesis? Why you are doing this?\u201d And I remember the engagement manager, who I think was a senior manager, telling me that, \u201cWell, we\u2019re doing all this analysis, and hypotheses will come later.\u201d That to me is a problem.<\/p>\n<p>They\u2019re doing a lot of analyses because they want to show that they\u2019re busy, and they\u2019re producing a lot of slides. It looks like an equity report from an equity analyst but there\u2019s no insight and it\u2019s going to take me forever to go through it. I remember looking at the slide deck and it was incredibly detailed 70 slides on the sector. They went out, analyzed everything, and summarized everything but I couldn\u2019t know what they were telling me because even they didn\u2019t know what they were telling me.<\/p>\n<p>They were opting for an enormous amount of slides without giving me that one insight that I needed to know. In fact, they were coping out and making me do the work. They were making me read all of this and it\u2019s dense with tiny writing. Some of the font was size five on a PowerPoint which is really small and is ageism as well because it doesn\u2019t let old people to read it, which is another problem you have to deal with.<\/p>\n<h2>If you\u2019re doing a consulting case study, figure out the most important thing you want to say and say it on one slide<\/h2>\n<p>If you\u2019re doing a consulting case study. In fact, if you\u2019re doing anything, figure out the most important thing you want to say and say it on one slide. If there\u2019s nothing else more important you want to say, no one is going to punish you for that and say, \u201cWell, you have been doing the case study on the entire company for three weeks.\u201d That\u2019s fine because if you come up with one very important insight, that\u2019s okay. And remember sometimes you can do a case and there\u2019s nothing really useful there.<\/p>\n<p>One insight, one slide to get your message across. You will become a better consultant if you do that. Of course the flip side is don\u2019t just produce one slide because you are lazy. You must have some deep message and deep sight in that one slide for your consutling case study.<\/p>\n<p><strong>Articles you may find helpful:<\/strong><\/p>\n<p><a href=\"https:\/\/firmsconsulting.com\/quarterly\/business-case-study-research\/\">Business Case Study Research: The Pernicious Mistake Made<\/a><\/p>\n<p><a href=\"https:\/\/firmsconsulting.com\/quarterly\/business-case-example\/\">Business Case Example: The 10 Best Free Examples in 2020 (McKinsey, Bain, BCG, Deloitte etc.)<\/a><\/p>\n<p><a href=\"https:\/\/firmsconsulting.com\/quarterly\/business-acumen\/\" target=\"_blank\" rel=\"noopener noreferrer\">Business Acumen \u2013 Step-by-Step Guide to Improve It<\/a><\/p>\n<p><em>If you want to see samples of our advanced training materials go to\u00a0<a href=\"https:\/\/specialoffers.firmsconsulting.com\/promo\" target=\"_blank\" rel=\"noopener noreferrer\">FIRMSconsulting.com\/promo<\/a>\u00a0and sign up for free to receive sample materials.<\/em><\/p>\n<p><strong>Recommended books:<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/ws-na.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&amp;MarketPlace=US&amp;ASIN=B085N58Q4V&amp;ServiceVersion=20070822&amp;ID=AsinImage&amp;WS=1&amp;Format=_SL110_&amp;tag=wwwfirmsconsu-20\" alt=\"strategy consulting firm succeeding as a management consultant\" width=\"79\" height=\"110\" border=\"0\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-na.amazon-adsystem.com\/e\/ir?t=wwwfirmsconsu-20&amp;l=am2&amp;o=1&amp;a=B085N58Q4V\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" \/><strong>Succeeding as a Management Consultant<\/strong><\/p>\n<p>When people think about the business strategy we often think about the field of strategy consulting\/management consulting and firms like McKinsey, BCG, et al. If you are interested in learning how to conduct a management consulting engagement, you will likely enjoy this book.\u00a0<a href=\"https:\/\/firmsconsulting.com\/books\/succeeding-as-a-management-consultant-mining-resources-sector-partnership\/\">Succeeding as a Management Consultant<\/a>\u00a0is a book set in the Brazilian interior. This book follows an engagement team as they assist Goldy, a large Brazilian gold miner, in diagnosing and fixing deep and persistent organizational issues. This book follows an engagement team over an 8-week assignment and explains how they successfully navigate a challenging client environment, develop hypotheses, build the analyses, and provide the final recommendations. It is written so the reader may understand, follow, and replicate the process. It is the only book laying out a consulting assignment step-by-step. A great book if you want to learn consulting skills, including how to put together an effective consulting case study.<\/p>\n<p><a href=\"https:\/\/www.amazon.com\/gp\/product\/B07KNW7S6K\/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B07KNW7S6K&amp;linkCode=as2&amp;tag=wwwfirmsconsu-20&amp;linkId=931858a140a9973c75a149bb549f9e12\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/ws-na.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&amp;MarketPlace=US&amp;ASIN=B07KNW7S6K&amp;ServiceVersion=20070822&amp;ID=AsinImage&amp;WS=1&amp;Format=_SL110_&amp;tag=wwwfirmsconsu-20\" alt=\"strategy consulting firm Marketing saves the world\" width=\"73\" height=\"110\" border=\"0\" \/><\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-na.amazon-adsystem.com\/e\/ir?t=wwwfirmsconsu-20&amp;l=am2&amp;o=1&amp;a=B07KNW7S6K\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" \/><strong>Marketing Saves the World, Bill Matassoni\u2019s Memoir\u00a0<\/strong><\/p>\n<p>Bill Matassoni\u2019s (Ex-McKinsey and Ex-BCG Senior Partner)<a href=\"https:\/\/www.strategy.com\/\">\u00a0<\/a><a href=\"https:\/\/amzn.to\/2S5Wd3u\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Marketing Saves The World\u00a0<\/em><\/a>is a truly unique book. Never before has a McKinsey partner published his memoir publicly. This book is a rare opportunity \u2013 a true exclusive \u2013 to see what shapes the thought process of a partner and learn about marketing and strategy.\u00a0The memoir essentially lays out McKinsey\u2019s competitive advantage and explains how it can be neutralized. A great book if you want to enhance your presentation skills and communication skills. If you are interested in learning how to put together an effective consulting case study and in general if you are interested in management consulting you will enjoy this book.<\/p>\n<p><a href=\"https:\/\/www.amazon.com\/gp\/product\/B087CK6ZLP\/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B087CK6ZLP&amp;linkCode=as2&amp;tag=wwwfirmsconsu-20&amp;linkId=c7895ae262b9a8005fc446749d297626\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/ws-na.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&amp;MarketPlace=US&amp;ASIN=B087CK6ZLP&amp;ServiceVersion=20070822&amp;ID=AsinImage&amp;WS=1&amp;Format=_SL110_&amp;tag=wwwfirmsconsu-20\" alt=\"strategy consulting firm Turquoise eyes\" width=\"73\" height=\"110\" border=\"0\" \/><\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-na.amazon-adsystem.com\/e\/ir?t=wwwfirmsconsu-20&amp;l=am2&amp;o=1&amp;a=B087CK6ZLP\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" \/><strong><span id=\"productTitle\" class=\"a-size-extra-large\">Turquoise Eyes: A Novel about Problem Solving &amp; Critical Thinking<\/span><\/strong><\/p>\n<p>Turquoise Eyes started off the groundbreaking new genre developed by FIRMSconsulting that combines compelling narrative while teaching problem solving and critical thinking skills. Set after a bank begins implementing a new retail banking strategy, we follow Teresa Garc\u00eda Ram\u00edrez de Arroyo, a director-general in the Mexican government, who has received some disturbing news.\u00a0A whistleblower has emailed Teresa with troubling news about a mistake in the loan default calculations and reserve ratios. The numbers do not add up.\u00a0The book loosely uses the logic and financial analyses in\u00a0<a href=\"https:\/\/www.strategytraining.com\/market-entry-strategy-program\" target=\"_blank\" rel=\"noopener noreferrer\">A Typical McKinsey Engagement<\/a>, &gt;270 videos.<\/p>\n<p>\u2014<\/p>\n<p><strong>WHAT IS NEXT? <\/strong>We hope you enjoyed the above article <em>Consulting case study: the one thing every consulting case study must produce. <\/em>If you would like to get more training resources sign up for our email updates on\u00a0<a href=\"https:\/\/specialoffers.firmsconsulting.com\/promo\" target=\"_blank\" rel=\"noopener noreferrer\">FIRMSconsulting.com\/promo<\/a>. This way you will not miss exclusive free training episodes and updates which we only share with the Firmsconsulting community. And if you have any questions about our membership training programs (StrategyTV.com\/Apps &amp; StrategyTraining.com\/Apps) do not hesitate to reach out to us at support @ firmsconsulting.com. You can also get access to selected episodes when you sign-up for our newsletter above.\u00a0Continue developing your\u00a0<a href=\"https:\/\/firmsconsulting.com\/quarterly\/brainstorming-technique-management-consulting-strategy\/\">strategy skills<\/a>.<\/p>\n<p>Cheers,\u00a0<a href=\"https:\/\/firmsconsulting.com\/kris\/\" target=\"_blank\" rel=\"noopener noreferrer\">Kris<\/a><\/p>\n<p>PODCASTS:<strong>\u00a0<\/strong>If you enjoy our podcasts, we will appreciate\u00a0if you visit our\u00a0<a href=\"https:\/\/itunes.apple.com\/us\/podcast\/about-case-interviews-strategy\/id904509526?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\">Case Interviews<\/a>\u00a0podcast or\u00a0<a href=\"https:\/\/itunes.apple.com\/us\/podcast\/strategy-skills-podcast-management\/id1021817294?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\">Strategy Skills<\/a>\u00a0podcast on\u00a0iTunes and leave a quick review. It helps more people find us.<\/p>\n<p>COME HANG OUT WITH US:\u00a0<a href=\"https:\/\/www.youtube.com\/user\/firmsconsulting\" target=\"_blank\" rel=\"noopener noreferrer\">Youtube<\/a>\u00a0\/\u00a0<a href=\"https:\/\/www.facebook.com\/Firmsconsulting\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a>\u00a0\/\u00a0<a href=\"https:\/\/twitter.com\/firmsconsulting\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>\u00a0\/\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/firmsconsulting\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn<\/a>\u00a0\/\u00a0<a href=\"https:\/\/www.instagram.com\/firmsconsulting\/\" target=\"_blank\" rel=\"noopener noreferrer\">Instagram<\/a><\/p>\n<p>ENGAGE ON FC FACEBOOK AND LINKEDIN GROUPS:\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/strategyskills\/\" target=\"_blank\" rel=\"noopener noreferrer\">Strategy Skills (FB)<\/a>\u00a0\/\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/firmsconsulting\/\" target=\"_blank\" rel=\"noopener noreferrer\">Case Interviews (FB) \/\u00a0<\/a><a href=\"https:\/\/www.linkedin.com\/groups\/13756094\/\" target=\"_blank\" rel=\"noopener noreferrer\">Strategy Skills (LinkedIn)\u00a0<\/a>\/\u00a0<a href=\"https:\/\/www.linkedin.com\/groups\/12288600\/\" target=\"_blank\" rel=\"noopener noreferrer\">Consulting Case Interviews (LinkedIn)<\/a><\/p>\n<h3>WANT TO LEARN FROM FORMER STRATEGY PARTNERS? BECOME A\u00a0<a href=\"https:\/\/firmsconsulting.com\/product\/premium\/\">PREMIUM MEMBER<\/a><\/h3>\n<p><em>Some links above are affiliate links.\u00a0As an Amazon Associate we earn from qualifying purchases.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consulting Case Study: The One Thing Every Consulting Case Study Must Produce A\u00a0case study is one of the most common tools used anywhere a major decision has to be made, whether it\u2019s within a large company, or it\u2019s for a consulting firm advising a company. This common tool is so often used but people don\u2019t [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":209361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[616,656],"class_list":["post-196513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-case-study","tag-consulting-case-study"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Essential Element of Every Consulting Case Study<\/title>\n<meta name=\"description\" content=\"Unlock success with our must-have element for consulting case studies. strategies, and practical tips to excel in case interview.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/firmsconsulting.com\/consulting-case-study\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consulting case study: the one thing every consulting case study must produce\" \/>\n<meta property=\"og:description\" content=\"Unlock success with our must-have element for consulting case studies. strategies, and practical tips to excel in case interview.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/firmsconsulting.com\/consulting-case-study\/\" \/>\n<meta property=\"og:site_name\" content=\"FIRMSconsulting | Strategy Skills &amp; 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