The MECE principle, which stands for Mutually Exclusive, Collectively Exhaustive, can be applied in various aspects of business. For instance, it can be used in problem-solving, where a complex problem is broken down into smaller, manageable parts that do not overlap but collectively address the entire problem. It can also be used in strategic planning, where a company's strategy is divided into distinct parts that collectively cover all aspects of the strategy. Additionally, it can be used in financial analysis, as illustrated in the content, where company profits are calculated by breaking down revenues and costs into mutually exclusive and collectively exhaustive components.
How can you make every idea count and have every problem efficiently solved? Our McKinsey MECE Princ...
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