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Key consulting frameworks_for_data_scientist

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Key Consulting Skills and Frameworks for the Data Scintists

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Key consulting frameworks_for_data_scientist

  1. 1. Key Management Consulting Frameworks All Data Scientists should know
  2. 2. Problem Solving Frameworks • Toyota’s Investigative Framework • Root Cause Analysis (Fish-bone- Ishikawa Diagram) • SMART • Iceberg Methodology • Appreciation Techniques or "So What"? • Deductive Reasoning • Inductive Reasoning • Reverse the problem • GROW • Mutually Exclusive and Collectively Exhaustive (MECE) • Rephrase Read More Here- https://www.linkedin.com/pulse/lets-solve-right-problem-ratnakar-pandey/ STRUCTURED PROBLEM SOLVING
  3. 3. Segmentation, Targeting and Positioning (STP) Sources: https://commons.wikimedia.org/wiki/File:STP_approach.jpg FIND AND TARGET MOST ATTRACTIVE CUSTOMER SEGMENT
  4. 4. PEST Sources: https://en.wikipedia.org/wiki/Marketing_strategy EVALUATE MACRO AND ENVIRONMENT FACTORS
  5. 5. SWOT Sources: https://en.wikipedia.org/wiki/Marketing_strategy EVALUATE COMPANY’S COMPETITIVE POSITION
  6. 6. Porter’s Five Forces Sources: https://en.wikipedia.org/wiki/Marketing_strategy EVALUATE INDUSTRY’S ATTRACTIVENESS
  7. 7. ANSOFF Growth Matrix Sources: https://en.wikipedia.org/wiki/Marketing_strategy PRODUCT & MARKET EXPANSION
  8. 8. BCG Growth Matrix Sources: https://commons.wikimedia.org/wiki/File:BCG_Matrix.png PRODUCT PORTFOLIO MANAGEMENT
  9. 9. 7Ps Sources: https://en.wikipedia.org/wiki/Go_to_market GO TO MARKET STRATEGY
  10. 10. 3Cs Company Customer Competition BUSINESS STRATEGY DEVELOPMENT
  11. 11. 7S Sources: https://nl.wikipedia.org/wiki/Bestand:McKinsey_7S_framework.svg ORGANIZATIONAL ANALYSIS
  12. 12. Product Life Cycle Sources: https://commons.wikimedia.org/wiki/File:Product_life-cycle_curve.jpg PRODUCT MANAGEMENT
  13. 13. AIDA Sources: https://en.wikipedia.org/wiki/AIDA_(marketing) PURCHASE FUNNEL
  14. 14. Financial Statements and Project Profitability • Balance Sheet • Income Statement • Cash Flow • Net Present Value (NPV) • Internal Rate of Return (IRR) Read More Here- https://www.linkedin.com/pulse/feeling-lost-your-investment-gains-lets-talk-npv-irr-more-pandey/ FINANCIAL EVALUATION
  15. 15. Other Key Terms • Core Competency- The foundation of company’s competitiveness and strength • Opportunity Cost- Potential gains one misses out when choosing one alternative over other possible alternatives • Customer Life Time Value (CLTV)- What is the total value of a customer to a company over the time period the customer stays with the Company KEY TERMS