Good consultants are well read and case performance hinges on having a high degree of business judgment which usually comes from being well-read or well-travelled.
Unless you have lots of cash to fund learning adventures to the emerging markets, London, Tokyo etc., you need to rely on reading about them or watching them. Most would use the New York Times, Washington Post, Bloomberg, Economist etc. to serve this problem. The danger however, is taking things at face value and not carefully analyzing what is being reported, why it is being reported and how to use the information.
In this podcast, I will introduce 2 ways I use when analyze news information:
The first distinguishes between facts which are public and non-public versus opinion which is credible versus non-credible. You would be surprised to probably learn that a source you treat as factual is actually an opinion. Using this lens, it is very interesting to see how the McKinsey Quarterly and various sections of the New York Times stack up.
The second lens simply asks you to build a 2×2 matrix to see how much news sources you consume that you like versus dislike. Reading what you like is usually confirming a bias so it is crucial to balance this.
You need to critical in everything you do. It starts with being a critical reader.