Successful Independent Consulting

SEPTEMBER 16, 2017

The tactics in this article will help if you bill by the hour or by the day. There are other ways to bill for your talent and expertise but those will be covered in another article. It’s a matter of what they’re used to and their operating margins. ID 46944176 © Dundja | Dreamstime. Benchmark so you know your rate is reasonable.

Consulting 236

Consulting Real Estate Policies Operations 236

Tom Spencer

APRIL 12, 2024

Whether you are in consulting, strategy, operations, or product management, the ability to manage meetings effectively is a crucial skill that can significantly impact the success of your endeavors. Keeping participant numbers limited to those who are essential to the discussion is crucial for efficiency.

Meeting 143

Meeting Productivity Management How To 143

Harvard Business

MARCH 5, 2019

Ryan Buell, associate professor at Harvard Business School, says the never-ending quest for operational efficiency is having unintended consequences. Buell believes organizations should deliberately design windows into and out of operations. Buell is the author of the HBR article “Operational Transparency.”

Operations 52

Operations Efficiency 52

Tom Spencer

JUNE 9, 2023

In the digital age, businesses are constantly seeking innovative ways to gain a competitive edge and streamline their operations. From enhancing customer experiences to optimizing decision-making processes, AI is reshaping the way businesses operate and opening up new possibilities for growth.

Data 147

Data Operations Efficiency System 147

Successful Independent Consulting

AUGUST 28, 2024

See my earlier article for tips.) It may include who you do it for, though that’s usually not necessary. What is necessary is to keep the tagline short, without overly long words or business jargon. Insert your keywords, then add words that tee up the result (e.g., leading to, so that, resulting in, etc.). Last, add the result.

Development 195

Development Turnaround How To Financial 195

Markovitz Consulting

NOVEMBER 19, 2019

In the space of two weeks, the New York Times and the Wall Street Journal both ran articles on the productivity benefits of reduced work hours. Of course, software firm 37 Signals has been operating four-day work weeks over the summer since 2008. Of course, every situation is different and will require a different approach.

Time Management 145

Time Management Balance Sheet Management Software 145

Harvard Business

NOVEMBER 27, 2024

Platform managers and policymakers should recognize the impact of extreme weather on gig economy and take preventive measures to meet user needs during heat waves, balancing operational efficiency with the health of the gig workers.

Meeting 90

Meeting Efficiency Operations Research 90

Tom Spencer

OCTOBER 25, 2024

Small businesses are increasingly tapping into the power of AI to drive growth, enhance efficiency, and improve customer service. This article examines how AI is affecting small businesses and discusses the hurdles that need to be overcome to fully embrace this transformative technology. Impact of AI on Small Businesses 1.

Small Business 78

Small Business Data Efficiency Tools 78

Harvard Business

MAY 6, 2022

Done well, automation can maximize the quality of health care and enhance operational efficiency.

Efficiency 101

Efficiency Operations Healthcare Management 101

Harvard Business

JULY 4, 2024

However, adopting more sustainable practices, such as utilizing foundation models, optimizing data processing locations, investing in energy-efficient processors, and leveraging open-source collaborations, can help mitigate these effects.

Company 101

Company Energy Efficiency Government 101

Harvard Business

JUNE 21, 2024

A study of automation usage in warehouse and logistics companies around the world suggests that blending human labor with robotics leads to greater efficiency than full automation alone. While scalable robotic systems can handle up to 1,000 tasks per hour, they often face limitations where additional robots don’t improve performance.

Research 101

Research Operations Efficiency System 101

Tom Spencer

NOVEMBER 22, 2024

The adoption of AI is revolutionizing banking products, enabling financial institutions to offer personalized service, increase efficiency, and enhance security. This article explores the impact of AI on banking products, and the innovations being driven by this technology. What is artificial intelligence?

Banking 78

Banking Finance Meeting Data 78

Harvard Business

AUGUST 26, 2024

Market share has traditionally correlated strongly with profitability because of efficiency, market efficiency, and customer perception effects. But, as the authors demonstrate, the relationship has been changed by the digital transformation in firms. In both cases, digital helps smaller firms catch up with larger rivals.

Marketing 95

Marketing B2B Efficiency Operations 95

Business Consulting Agency

JANUARY 30, 2024

This article explores how consulting services contribute to the success of startups, small businesses, and larger enterprises, supported by facts, statistics, and real-world examples. Startups: Navigating the Path to Success Benefits: Startups often operate in a high-risk environment where every decision can be make-or-break.

Consulting 83

Consulting Enterprise Small Business Agile 83

Tom Spencer

OCTOBER 11, 2024

This article explores how companies are making their supply chains more sustainable by sourcing eco-friendly materials, reducing waste, and optimizing logistics. Companies are adopting various strategies to make their logistics more efficient and environmentally friendly.

Case Studies 78

Case Studies Case Study Transportation Efficiency 78

Tom Spencer

JUNE 14, 2024

The integration of AI into consulting practices offers significant potential benefits, enabling firms to provide deeper insights, improve efficiency, and deliver more value to clients. In this article, we will highlight five (5) areas where AI has the potential to transform the consulting industry.

Consulting 88

Consulting Accenture Data Efficiency 88

Epicflow

JULY 5, 2024

In this article, we highlight the top 15 capacity planning tools and offer valuable recommendations to help you select the most suitable one for your business needs. Finally, a capacity planning tool should be flexible: this will help maintain the efficiency and effectiveness of project work in the face of changing plans and requirements.

Tools 98

Tools Software Resources Efficiency 98

Epicflow

APRIL 15, 2022

To be able to stay competitive on the market and cope with any arising issues, aerospace engineering companies are expected to seek how to improve operational efficiency in general and the engineering processes in particular. . What drives efficiency of aircraft engineering projects? Keep control of changing requirements.

Engineering 52

Engineering Efficiency Management How To 52

Epicflow

JUNE 10, 2022

Let’s figure it out in the article. . We’ll consider two sides of risk management in aerospace engineering: managing project risks and operational risk management outlined in the aerospace quality management standard AS9100. . Operational risk management . Main Risks Affecting Aerospace Engineering Projects.

Engineering 98

Engineering Management How To Risk Analysis 98

Harvard Business

OCTOBER 27, 2023

It is essential for project managers to learn to implement “green algorithms,” specialized AI constructs designed to both enhance operational efficiency and prioritize sustainability.

Management 101

Management Construction Efficiency Operations 101

Markovitz Consulting

MAY 29, 2018

But in a new article , the Harvard Business Review describes how the company reinvented board meetings by creating a better way to share information with its board of directors. The authors point out that without day-to-day exposure to the firm’s operations, directors typically have a thin understanding of the company.

Meeting 100

Meeting Operations Exercises Conference 100

Tom Spencer

APRIL 7, 2023

This article will explore some of the most notable examples of AI in consulting, including its use in market research, strategy development, and operational optimisation. Operational Optimisation AI is also increasingly being used to optimise operations.

Examples 88

Examples Consulting Management Tools 88

Harvard Business

JUNE 7, 2017

Ronald Coase nailed it back in 1937 when he identified scalable efficiency as the key driver of the growth of large institutions. Scalable efficiency works best in stable environments that are not evolving rapidly. Scalable efficiency doesn’t just demand conformity among the individuals within the institution.

Operations 57

Operations Efficiency Productivity Examples 57

BCG

JULY 5, 2016

Article Tuesday, July 05, 2016. Sleek and efficient offerings such as payments, foreign exchange, advanced analytics, and supply chain finance are redefining service, creating lucrative niches, and extending corporate banking activities from the small-business segment to the mid-cap and beyond.

Banking 75

Banking Small Business Finance Operations 75

Tom Spencer

AUGUST 16, 2024

Despite many current applications being small-scale pilot projects, the promise of Gen AI to revolutionise banking operations and enhance customer experiences is becoming clear. Moreover, they are looking to use large language models to parse regulations in the countries they operate in to ensure they are compliant in each jurisdiction.

Banking 78

Banking Financial Operations Data 78

Markovitz Consulting

MAY 1, 2019

According to a new HBR article , process mining will “revitalize process management in firms where it has lain fallow for years.” Place responsibility for improvement in the hands of a few people who have the special skills and training to operate the software, and let them fix the problems. I’m sure it does more efficient.

Software 124

Software Chemicals Analysis Process Analysis 124

Harvard Business

APRIL 13, 2017

A recent New York Times article on how Uber is using various insights from behavioral economics to push, or nudge, its drivers to pick up more fares — sometimes with little benefit to them — has generated quite a bit of criticism of Uber. It’s just one of several stories of late that have cast the company in a poor light.

Airlines 75

Airlines Efficiency Study Operations 75

Tom Spencer

OCTOBER 6, 2023

A bank’s income statement can be simplified into five main line items: Net interest income Non-interest income Operating expenses Provision for credit losses (PCL) Tax Image 1: Illustrative example of a bank’s income statement Source: CIBC’s 2022 Annual Report 1. The biggest swing in operating expenses is likely to be variable compensation.

Banking 88

Banking Balance Sheet Operations Financial 88

Tom Spencer

NOVEMBER 15, 2024

From telemedicine to wearable devices, health-tech innovations are not only improving patient outcomes but also making healthcare more accessible and efficient. This article explores how technology is impacting healthcare and highlights some significant health-tech trends.

Healthcare 78

Healthcare Data Trends Efficiency 78

Eupnea Management Consulting

NOVEMBER 26, 2024

Article Driving Business Response to the Impact of Covid-19: Redesigning Distribution Follow us on Linkedin: FOLLOW Based on a post-crisis new level of operational efficiency and changing need and expectation of customer What is the impact? Global trade activity fell by 14.8% and supply chains starved of cash in Q2.

Retail 52

Retail Efficiency Operations Resources 52

Eupnea Management Consulting

NOVEMBER 26, 2024

Article Driving Business Response to the Impact of Covid-19: Enhancing Business Capabilities Follow us on Linkedin: FOLLOW Raising focus across new/rare skills and evolving Digital expertise to compete in a new era What is the impact? – Improving operational efficiency through automation. Endnotes 2.

Efficiency 52

Efficiency Operations Productivity Tools 52

Tom Spencer

MAY 24, 2024

In this article, we will explore six (6) tips for businesses to successfully navigate economic challenges. Embrace Innovation Innovation can be a game-changer for businesses by simultaneously enabling them to operate more efficiently and open up new revenue streams.

Strategy 88

Strategy Strategy& Strategy Cash Flow 88

Tom Spencer

OCTOBER 13, 2023

In the previous article , we looked at how banks make money and how they must meet capital requirements. In this article, we will explore the importance of profitability ratios and valuation metrics that are crucial when analyzing banks. A higher ROE indicates better profitability and efficiency in utilizing shareholder capital.

Metrics 88

Metrics Banking Balance Sheet Efficiency 88

Harvard Business

JULY 6, 2023

However, knowledge within organizations is typically generated and captured across various sources and forms, including individual minds, processes, policies, reports, operational transactions, discussion boards, and online chats and meetings.

Training 88

Training Training Data Agile 88

Epicflow

NOVEMBER 13, 2024

Read the article to learn about top capacity planning tools applicable to manufacturing projects and learn how to select the most suitable one. This allows you to assess the efficiency of team members’ work and use these insights to plan capacity for future projects. What is Manufacturing Capacity Planning Software?

Tools 92

Tools Software Resources Healthcare 92

Harvard Business

SEPTEMBER 17, 2024

But as companies race to automate their customer service operations in recent years, many are inadvertently creating new barriers for deaf and hard of hearing people. Second, they can repurpose a portion of the efficiencies gained from automation to support more complex customer service needs.

Company 84

Company Engineering Efficiency Operations 84

Tom Spencer

OCTOBER 25, 2024

This article delves into the rising importance of ESG metrics, how companies are integrating them into their operations, provides leading examples, and highlights the evolving regulatory landscape. ESG metrics provide a framework for evaluating business performance along three dimensions.

Metrics 78

Metrics Ethics Government Financial 78