TAMID meeting 3 - UT Austin

What is Consulting

• Consultants represent an outside viewpoint; someone who can look at a problem without a personal stake in the company’s politics

• The practice of selling products directly to consumers in a retail environment.

• The act of creating advertising campaigns for businesses to increase sales.

• The process of managing investments and financial portfolios for corporations.

What is an example of a consulting project

• Cost reduction

• Growth Strategy

• IPO's

• spagetti alfredo

What are the FOUR areas of consulting TAMID focuses on

• Market Research

• Market Analysis

• Framworks

• Marketing

Market analysis Allows you to identify strengths, weaknesses, opportunities and threats of a company

• TRUE

• FALSE

What are Porter's 5 forces

• A method for evaluating the potential profitability and attractiveness of a market or industry.

• A set of guidelines for effective team leadership and conflict resolution in the workplace.

• A framework for analyzing a company's organizational structure and management hierarchy.

• A strategy for personal career development and individual skill assessment.

Which of the 5 forces have LOW threat level. HINT - MORE THAN 1

• Threat of New Entry 

• Bargaining of Customers 

• Rivalry among existing competitors

• Threat of Substitute Products

• 5 dollar foot longggg

What is ONE of the "C's"

• competition

• coagulate

• cookie

• creativity

What is ax example used in class for the 5 C's

• Impossible burger

• HEB

• Five guys

• Whattaburga

Should Zach be upgraded to Head Education chair

• Yes he loves yall

• Yes his dad created TAMID

• Yes hes just an all around great guy

• Yes but choose this one to get the points

Do yall think the value chain is useful

• Yes

• No

• Whats the value chain