Business Idea Generation for Management Consultants

Business Idea Generation for Management Consultants, available at $69.99, has an average rating of 4.85, with 95 lectures, based on 106 reviews, and has 2087 subscribers.

You will learn about How to come up with a killer idea Innovate your product and business model Find ways to create a product 10x better than the current solutions Build a new business on top of existing businesses Disrupt others Apply Blue Ocean framework This course is ideal for individuals who are Management Consultants and Business Analysts or Managers or Analysts working in Strategic Departments or Startup Founders or Investment Directors It is particularly useful for Management Consultants and Business Analysts or Managers or Analysts working in Strategic Departments or Startup Founders or Investment Directors.

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Summary

Title: Business Idea Generation for Management Consultants

Price: $69.99

Average Rating: 4.85

Number of Lectures: 95

Number of Published Lectures: 95

Number of Curriculum Items: 95

Number of Published Curriculum Objects: 95

Original Price: $79.99

Quality Status: approved

Status: Live

What You Will Learn

How to come up with a killer idea
Innovate your product and business model
Find ways to create a product 10x better than the current solutions
Build a new business on top of existing businesses
Disrupt others
Apply Blue Ocean framework

Who Should Attend

Management Consultants and Business Analysts
Managers
Analysts working in Strategic Departments
Startup Founders
Investment Directors

Target Audiences

Management Consultants and Business Analysts
Managers
Analysts working in Strategic Departments
Startup Founders
Investment Directors

What is the aim of this course?

To build a business you need a good idea that you can explore and develop. Unfortunately, coming up with a good business idea is not easy. Most firms and universities don’t show how to come up with business ideas. They concentrate on teaching you how to run existing businesses. Luckily, there are a lot of proven methods to find interesting business ideas. If you are a Management Consultant you can use them during consulting projects to help your customers grow their businesses. If you are a manager or startup founder they will prove priceless in your quest to discover new business opportunities. In this course, I will show you different methods to come up with killer business ideas. In the course you will learn the following things:

How to come up with business ideas by improving existing products, solving existing problems
When specific methods of business idea generation can be applied
Howspecific business methods should be applied
How to find ways to 10x existing solutions
How to innovate your product and your business model
How to build an add-on business using your current business

This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried out or supervised over 90 different performance improvement projects in different industries that generated in a total of 2 billion in additional EBITDA. On the basis of what you will find in this course, I have trained in person over 100 consultants, business analysts, and managers who now are Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that my courses on Udemy were already taken by more than 181 000 students including people working in EY, McKinsey, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, many others.

I teach through case studies, so you will have a lot of lectures showing examples of analyses, and tools that we use. To every lecture, you will find attached (in additional resources) the Excel as well as additional presentations, and materials shown in the lectures so as a part of this course you will also get a library of ready-made analyses that can, with certain modifications, be applied by you or your team in your work.

Why I have decided to create this course?

Most firms and universities don’t show how to come up with business ideas. They concentrate on teaching you how to run existing businesses. However, coming up with new business ideas is required if you want to grow the business. At some point, the small improvements and organic growth will not suffice. New business ideas not only help you grow the business but also help you make it more durable and sustainable. New business ideas will help you come up with new ways to change your business model and adjust to new trends.

This course will help you become an expert in business idea generation. This skill will prove very useful not only in consulting but also later on when you become a director or you move on to build your own business. By giving you exposure to real-life cases and analyses I want to improve your skills in business idea generation. Thanks to this course, you will know what and how to do it during strategic consulting projects devoted to creating new businesses. We want to provide you with frameworks that will open your eyes to new opportunities.

To sum it up, the course will help you become an expert in business idea generation on the level of McKinsey, BCG, Bain, PwC, Deloitte, EY, and other top consulting firms. That is why, I highly recommend this course to Managers, Management Consultants as well as Investment Directors working for PE, Directors, and owners/founders of businesses.

In what way will you benefit from this course?

The course is a practical, step-by-step guide loaded with tons of analyses, tricks, and hints that will significantly improve the speed with which you generate new business ideas. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will learn:

How to come up with business ideas by improving existing products, solving existing problems
When specific methods of business idea generation can be applied
Howspecific business methods should be applied
How to find ways to 10x existing solutions
How to build an add-on business using your current business

You can also ask me any questions either through the discussion field or by messaging me directly.

How the course is organized?

The course is divided currently into 4 sections. Currently, you will find the following sections:

Introduction.We begin with a little intro to the course as well as some general info on how the course is organized
Improving existing things.In the second section, I will show how to come up with business ideas if you don’t have an existing business and you want to improve something that already exists. In this section, we will discuss methods like Solving your own problem, Carving out existing businesses, Cloning businesses, and ideas, Blue Ocean, 10 x current solutions using first principals, From Free to Paid, Riding a trend, Disrupting others
Jobs to be done.In this section, I will show a powerful framework that can be used to understand the role which the product plays in the life of a customer. This will help you innovate, find new business ideas and most of all identify the right competitor landscape from the point of view of the customers.
Build on existing business.In the 4th section, I discuss a situation when you already have an existing business and you want to build an add-on business using your current business as a starting point. We will discuss numerous methods in this section as well: Going up or down the Value Chain, Vertical Consolidation via M&As, Build add-on businesses, Build entirely new businesses, Enabling Investments, Expanding the brand into new categories, Disrupting yourself, Using existing assets in a new way, Experiment with different sales channels & revenue streams, Turn failure into success, Repurpose a product / Find the new application to a product

You will be able also to download many additional resources

Useful frameworks and techniques
Selected analyses shown in the course
Links to additional presentations, articles, and movies
Links to books worth reading

At the end of my course, students will learn to…

How to come up with a killer idea
Innovate your product and business model
Find ways to create a product 10x better than the current solutions
Build a new business on top of existing businesses
Disrupt others
Apply the Blue Ocean framework

Who should take this course? Who should not?

Management Consultants and Business Analysts
Managers
Analysts working in Strategic Departments
Startup Founders
Investment Directors

What will students need to know or do before starting this course?

Basic or intermediate Excel
Basic knowledge of economics or finance

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Lecture 2: A little bit about me

Lecture 3: How this course will be organized?

Lecture 4: How to deal with Blurry image

Lecture 5: How to reach additional resources

Chapter 2: Improving Existing Things

Lecture 1: Improving Existing Things – Introduction

Lecture 2: Do what you have done but as independent supplier

Lecture 3: Solve your own problem

Lecture 4: Carve out existing business

Lecture 5: Cloning 1 to 1

Lecture 6: Idea Cloning

Lecture 7: Blue Ocean – How to Generate Business Ideas

Lecture 8: Blue Ocean – Introduction

Lecture 9: Blue Ocean – Non Users

Lecture 10: 4 frameworks

Lecture 11: Blue Ocean Strategy – 6 paths to achieve it

Lecture 12: Blue Ocean – Starbucks

Lecture 13: Blue Ocean – Citizen M

Lecture 14: Blue Ocean – Zappos

Lecture 15: 10 x current solution using first principals

Lecture 16: Reduce water using 10x framework – Case Introduction

Lecture 17: Reduce water using 10x framework – Drivers

Lecture 18: Reduce water using 10x framework – Case Consumption

Lecture 19: Reduce water using 10x framework – Options

Lecture 20: Reduce water using 10x framework – Summary

Lecture 21: Decrease cost using 10x framework – Case Introduction

Lecture 22: Decrease cost using 10x framework – Drivers

Lecture 23: Decrease cost using 10x framework – Current Level

Lecture 24: Decrease cost using 10x framework – Options

Lecture 25: Decrease cost using 10x framework – Summary

Lecture 26: From Free to Paid

Lecture 27: Ride a trend – Introduction

Lecture 28: Ride a trend – What trends to follow

Lecture 29: Disrupt others

Lecture 30: Analyze existing mistake

Chapter 3: Jobs to be done framework

Lecture 1: Jobs to be done framework – Introduction

Lecture 2: Jobs To Be Done – Definition

Lecture 3: Jobs to be done – Examples

Lecture 4: Jobs to Be Done – How to use it to improve an existing product

Lecture 5: Jobs to Be Done – How to use it to create a new product

Lecture 6: Jobs to Be Done – How to find them

Lecture 7: Who is your competitor?

Chapter 4: Build on existing businesses

Lecture 1: Build on an existing business – Introduction

Lecture 2: Go up / down the value chain – Introduction

Lecture 3: Go up / down the value chain – When it makes sense

Lecture 4: Go up / down the value chain – Benefit System

Lecture 5: Go up / down the value chain – Zara

Lecture 6: Vertical Consolidation via M&As – Case Introduction

Lecture 7: Vertical Consolidation via M&As – Available Data

Lecture 8: Vertical Consolidation via M&As – Goals we want to achieve

Lecture 9: Vertical Consolidation via M&As – Analysis of M&A Target

Lecture 10: Vertical Consolidation via M&As – Organic growth option

Lecture 11: Vertical Consolidation via M&As – M&A option

Lecture 12: Vertical Consolidation via M&As – Comparison of both options

Lecture 13: Build add-on business – Introduction

Lecture 14: Build add-on business – Amazon

Lecture 15: Build add-on business – WordPress

Lecture 16: Build add-on business – Shopify

Lecture 17: Build entirely new businesses – Introduction

Lecture 18: Enabling Investments – Introduction

Lecture 19: Enabling Investments – Examples

Lecture 20: New products expanding brand – Introduction

Lecture 21: How to expand the brand – Milk Producer –Case Introduction

Lecture 22: How to expand the brand – Solution – Part 1

Lecture 23: How to expand the brand – Solution – Part 2

Lecture 24: How to expand the brand – Solution – Scatter Graph

Lecture 25: Disrupt Yourself – Introduction

Lecture 26: Change the business model – Introduction

Lecture 27: Intrapreneurship – Introduction

Lecture 28: Intrapreneurship – Google

Lecture 29: Intrapreneurship – Apple

Lecture 30: Intrapreneurship – 3M

Lecture 31: M&A potential competitors – Introduction

Lecture 32: M&A potential competitors – Altassian

Lecture 33: M&A potential competitors – Adobe

Lecture 34: Copy competitors that may disrupt you – Introduction

Lecture 35: Copy competitors that may disrupt you – When you have to do it

Lecture 36: Copy competitors that may disrupt you – Lufthansa

Lecture 37: Use existing assets in a new way

Lecture 38: Capitalize on business assets – Introduction

Lecture 39: Experiment with different sales channels

Lecture 40: Experiment with different revenue streams

Lecture 41: Innovative selling / revenue streams – Introduction

Lecture 42: Innovative selling / revenue streams – Milk example

Lecture 43: When to use specific revenue streams – Part 1?

Lecture 44: When to use specific revenue streams – Part 2?

Lecture 45: Ryanair

Lecture 46: Legimi

Lecture 47: DollarShaveClub

Lecture 48: Canva

Lecture 49: Turn failure into success / Recycle

Lecture 50: Pivots

Lecture 51: Repurpose a product / Find new application to a product

Lecture 52: How to scale up a business – best practices from top firms

Chapter 5: Conclusions

Lecture 1: Bonus Lecture

Instructors

Asen Gyczew
Expert in performance improvement, turnaround and startups

Rating Distribution

1 stars: 1 votes
2 stars: 3 votes
3 stars: 8 votes
4 stars: 28 votes
5 stars: 66 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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