What is business judgement

Understanding Cases What is business judgement

7 comments

You cannot and will not improve your case skills from practicing case alone. “Case skills” refers to a variety of skills including body language, communication and especially business judgement. Business judgement effectively means your ability to make reasonable guesses/inferences in business situations. That largely comes from being well read. This podcast breaks down business judgement further and offers advice to improve this skill.

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7 responses to What is business judgement

  1. Excellent!

  2. Thanks Michael, it works with Chrome.
    Attila

  3. Hi Atilla,

    Sorry about this. Please try the Chrome browser and it should all work.

    Michael

  4. FYI: I got an error message when tried to play it in Safari.
    Even after I’ve rebooted the browser.
    Attila

  5. Hi Michael,

    Thanks for the clear and helpful information.

    I come from a profession when specialization takes place pretty early in your career (when you choose your program in grad school for example). And the further you progress the more specialized you are and the less you know/remember about other fields. It’s unfortunate.

    Also Michael, I thought it would be helpful for everyone if you do a short podcast on how to take LinkedIn profile photos.

    Thanks.

    Best,

    Hannah

    Thanks.

    Best,

    Hannah

  6. Hi Hannah,

    To answer this question, you need to remember the definition of specialization.

    Specialization does not mean you ONLY know about one sector/functions. Specialization means you CHOOSE to work in one sector/function but could just have easily have worked in any sector/function. You have to prove you can work across sectors and functions.

    We ONLY allow you to specialize, assuming you are a generalist, once you have proven you have general problem solving skills.

    When you interview, you join as a junior consultant. You cannot specialize at this point.

    Only partners who have proven they can think across issues are allow to specialize. So while the firm has different sector and functional specialties, that applies more at senior levels.

    When you apply previous knowledge we do not know if you could solve the problem without the previous knowledge. If we asked you to estimate the number of teacups in the UK and you KNEW the answer was 24MM, how would we know you had the skills to calculate that without prior knowledge?

    Past knowledge should only be used to extract deeper insights. Nothing more.

    Hope that helps.

    Michael

  7. Michael,

    You mentioned that previous knowledge should not be applied to case solving and interviewers don’t care about your specialty since one should be able to solve cases despite no prior knowledge.

    So then why are there different specialties in consulting firms?

    Thanks.

    Best,

    Hannah

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