The MECE principle, which stands for Mutually Exclusive, Collectively Exhaustive, can be used to improve business strategies by ensuring that all possible scenarios are considered and that there is no overlap between them. This can help in identifying all potential opportunities and threats, and in making sure that strategies are comprehensive and cover all bases. For example, in the context of calculating company profits, the MECE principle can be used to break down revenues and costs into their individual components, ensuring that all factors are considered and none are double-counted.
How can you make every idea count and have every problem efficiently solved? Our McKinsey MECE Princ...
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