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Podcast: Case Interview Preparation & Management Consulting | Strategy | Critical Thinking
Episode: 749: Economic impact of poor business judgement (Case Interview & Management Consulting classics)
Description: For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss the economic impact of poor business judgement. Â The economic impact of poor business judgement, is a topic we managed every day as partners. Each time an associate made a poor "common sense" decision we needed to explain both the potential reputation and economic damage done to the firm. The former is well-known, but the latter is less known but just as important. In thinking through why consulting firms look for business judgement, it helps to consider the economic impact to clients a...