How to fix a country using Management Consulting Approach

What is the aim of this course?

Many countries, like firms, are underperforming given their resources and potential. Changing this situation is not an easy task and requires the right approach. You can achieve quite a lot using the approach and tools used by Management Consultants to improve the performance of firms. With some adjustments, they can be used to improve countries. In this course, I will teach you how to fix a country, using Management Consulting Tools, Approaches, and Frameworks.

In the course, you will learn the following things:

1. Essential Macro Concepts
2. How to define the growth strategy for a country?
3. How to conduct a cost-benefit analysis in Excel related to growing the economy
4. How to fix public services
5. How to look for and analyze potential improvements in public services
6. How to create a simple model of the economy in Excel.

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 the 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 a total of 2 billion of 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 are now 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 340 000 students, including people working in EY, McKinsey, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and 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 files 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 have I decided to create this course?

Consulting firms are also doing consulting projects for the states and governments. You can be asked to grow the economy or fix a specific area. Most firms don’t give you the full toolbox that you need for this sort of project. This may lead to huge frustration during the project and a lot of inefficiencies.

Therefore, I have decided to create this course that will help students help fix a country during consulting projects. The course will give you the knowledge and insight into real-life case studies that will make your life during a consulting project much easier. Thanks to this course, you will know what and how to do during such projects. You will master how to analyze data and draw conclusions from the analyses. On top of that, you will refresh your knowledge of macroeconomics, and you will see how macro aspects are reflected in the economy in practice.

To sum it up, I believe that if you want to become a world-class Management Consultant or Business Analyst, you have to have a pretty decent understanding of issues related to fixing countries and public services. That is why I highly recommend this course to Management Consultants or Business Analysts, especially those who want to have an impact on the whole economy. The course will help you become an expert in fixing the economies of countries at the level of McKinsey, BCG, Bain, and other top consulting firms.

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 understand and analyze businesses. 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:

1. Essential Macro Concepts
2. How to define the growth strategy for a country?
3. How to conduct a cost-benefit analysis in Excel related to growing the economy
4. How to fix public services
5. How to look for and analyze potential improvements in public services
6. How to create a simple model of the economy in Excel.

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

How is the course organized?

The course is currently divided into the following sections:

• Introduction. We begin with a little introduction to the course, as well as some general info on how the course is organized
• Essential Macro Concepts. You should have a good understanding of basic concepts related to the whole economy. This part of economics we call macroeconomics. In this section, you will learn about inflation, unemployment, GDP, GDP growth, and fiscal and monetary policies.
• Growth Strategy. Before you start acting, you should define the growth strategy for your country. It should be adjusted to your situation and your goals. In this section, we will see how this can be done. You will also learn how to conduct analyses that will help you build the optimal growth strategy.
• Externalities. Economics deals with complex systems. In such systems, your action can cause unintended consequences to other members of the system. We call them externalities. We will discuss them in this section, and we will analyze case studies with externalities
• Public Services. Every country provides many public services to its citizens. In this section, we will learn the general approach, and we will have a look at a cost-benefit analysis.
• How much are the Healthcare Costs? Before analyzing and optimizing, it is a good idea to estimate how much we really spend on the Healthcare System. We will look at direct and indirect costs, along with externalities.
• Eliminate a Health Problem. The optimal solution is to fully eradicate a health problem. This is quite often possible; however, not enough money is invested in this area. In this section, we will see what kind of tools you can use and how you can do a cost-benefit analysis in this area.
• Treat More Patients. Almost always, you have more people who need to see the doctor than available doctors. That is why we will discuss now how you can try to treat more patients.
• Cost Reductions in Healthcare. In this section, we will discuss how you can cut the costs of the Healthcare System, without reducing the quality of service and the number of patients we are treating.
• Model the Economy. In the last section, you will learn how to create a simple model of the economy in Excel.

You will be able also to download many additional resources

1. Useful frameworks and techniques
2. Analyses shown in the course
3. Additional resources
4. Links to additional presentations, articles, and movies
5. Links to books worth reading

At the end of my course, students will learn

• Essential Macro Concepts
• How to define the growth strategy for a country
• How to conduct a cost-benefit analysis in Excel related to growing the economy
• How to fix public services
• How to look for and analyze potential improvements in public services
• Create a simple model of the economy in Excel.

Who should take this course? Who should not?

• Management Consultants
• Business Analysts
• Directors, Managers in Ministries of Finance, Industry, and Economy
• Analysts supporting the improvement of public services

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

• Basic or intermediate Excel
• Basic knowledge of economics
• Basic or intermediate knowledge of finance & accounting