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The post Signs Your Consulting Firm is Operating on Faulty Assumptions appeared first on David A. Or more than a bit. Or completely wrong. Pickles-in-peanut-butter wrong. That’s no fun. Alas, I have bad news for you and me: … Continued.
This article explains how to determine your “base rate”, and the external factors that will impact your pricing. Links to articles on how to raise your rate or switch to a fixed fee are at the end of this one.) Or they haven’t raised their rates consistently over time, or they haven’t switched to a fixed fee.
Clients are shutting down their operations; workshops and meetings are being called off; in fact, the entire economy appears to be headed for an … Continued. The post 10 Tough-Times Strategies for Consulting Firms appeared first on David A.
The right consulting templates will help you close new business, deliver your work, and streamline your operations. By the end of this article, you’ll have a library of consulting templates that our clients have used to help build high 6 and 7-figure consulting businesses.
There’s one more essential component that helps manufacturers reach their goals — manufacturing operations management (MOM). Read the article to learn more about this practice and its role in manufacturing, and explore recommendations that will drive MOM’s efficiency. What Is Manufacturing Operations Management? Process control.
As we close out 2023, we asked our readers: Did an HBR article make a meaningful impact on the way you think, work, or lead this year? And how specifically did it change the way you operate? We heard from readers in a variety of different industries, writing in from various corners of the world.
Especially in high-hazard industries, there’s nothing more central to your firm’s operations than worker safety. In this article, the author highlights a unique strategic partnership that helped the electrical transmission and distribution construction industry control injuries and fatalities caused by exposures to workplace hazards.
Operations have always been foundational to competitive advantage, but the nature of this relationship is shifting: Historically, the strategic goal of operations was to achieve scale in order to create a sustainable efficiency advantage.
Covid-19 was the death knell for traditional hierarchical command-and-control operations management. In its place a new model has emerged that’s far better equipped to deal with today’s disruptive, volatile, and unpredictable environment.
The most effective companies we interviewed use process mining to generate operational insights at scale, identify process inefficiencies, define targeted actions, and measure process improvements — all of which lead to value realization. It is often a major cultural change to fully embrace this level of process management.
A few months ago, you and Pip had a great conversation about their operations, and you gave some advice on effectively instituting a better butter beater process. With a sigh and subtle shake of your head, you send one more outreach email to Pippi Burntkernels, the co-founder and COO of Plumper Popcorn, Inc. You know … Continued.
[Note : Most people would break this into a few different articles but I want you to have all the info in one place. On-Demand by RGP : Specializes in operational and implementation support; projects tend to be longer-term roles focusing on functional expertise like accounting, finance, HR, IT, and supply chain.
But if you want to thrive in the post-COVID world, you’ve got to start working on operational improvements now. Read how value stream mapping helped two companies improve their processes in my new Industry Week article here. This seismic shift means that people can no longer say, “But we’ve always done it this way.”
Your consulting firm may already incorporate a post-project retrospective into your standard operating approach. What if there was a simple routine you could layer into your ongoing activities that would accelerate your progress? Fields Consulting Group.
Many people operate from the belief that there’s too much to do and they can’t afford to pause during their workday. In this article, the author outlines eight strategies to try to build more breaks into your day. But taking effective breaks is essential to preventing burnout.
Cross-training employees on a variety of tasks can be a powerful tool for improving operations, as well as for attracting and retaining workers. This article shows how several small food companies were able to use cross-training to improve service and job quality. It also enables more stable schedules.
In this article, Bain & Co partner Michael Mankins summarizes Bain research findings that show what actions make the difference between success and failure in setting and achieving transformation targets.
Major retailers are today, most notably Amazon, are creating and operating their own advertising platforms — and they’re making millions doing it. McKinsey estimates that by 2026, retail media will add $1.3 trillion to enterprise values in the U.S. alone, with profit margins between 50% and 70%.
In this article, the author explains how to shift from an operational to a contextual mindset so that you can better identify the hidden obstacles that may be thwarting your strategy’s implementation so you can address them before they take root.
For more help with this, including a link to my North Star Template, read this prior article.) Write down your answers and ideally share them with your partner, best friend, or mentor so they can support you when you face challenges along the way. This is key for getting referrals.
This article outlines three key reasons for the growth of China’s EV sector: experimenting in adjacent industries, encouraging operational solutions, and doubling down on core technology. How did China get to this point? What can companies looking to scale up their innovations learn from their approach?
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.
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. Stick to the Schedule In the fast-paced world of consulting and operations, time is of the essence.
To meet the moment, this article argues that organizations may need to change the way they operate to innovate. Technological advances and increasingly sophisticated ways of gathering and analyzing data are changing both the kinds of products and services companies can offer and are increasing competitive pressures.
Leaders who are exploring how AI might fit into their business operations must not only navigate a vast and ever-changing landscape of tools, but they must also facilitate a significant cultural shift within their organizations. But research shows that leaders do not fully understand their employees’ use of, and readiness for, AI.
See my earlier article for tips.) After helping hundreds of solopreneurs, I’ve developed this formula: (What You Do) + (The Result) Step 1: Select the keywords that best reflect your expertise (What You Do). Insert your keywords, then add words that tee up the result (e.g., leading to, so that, resulting in, etc.). Last, add the result.
Companies can tread three paths: transactional (profit-focused), toxic (misaligned actions under a guise of societal benefit), or transcendent (true alignment of values and operations).
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.
It is an opportune time for SME manufacturers to upgrade their operations by investing in new software and manufacturing innovations. This article describes six steps that SMEs can take to adopt these technologies.
Alternatively, they may be removed from day-to-day operations and not realize the logistical or process-related difficulties of achieving it. In this article, the author outlines steps to try if your boss is expecting the seemingly impossible.
The immediacy of day-to-day operations can lead to a strategic process that is more about ticking boxes and filling templates, which often end up languishing, unopened, in an inbox. This article aims to define strategic foresight for leaders, advocating for its integration as a core competency in every organization, regardless of size.
Operations managers have been using randomized decision-making since World War II (randomized search was used to locate enemy submarines in the open ocean), but it has not yet been seriously applied to strategic decision-making, which remains focused on hypothesis formulation and testing.
The same due diligence skills and tools can be found in most large companies, but they are usually siloed in the corporate development team — the folks who handle M&A, who rarely have a chance to apply their expertise to a company’s ongoing operations. There’s no reason to limit due diligence to the context of an acquisition.
Paper co-author Melotte, an experienced operations director, was selected to lead a pilot project to measure and subsequently lower the carbon embedded in its products. This article describes how the pilot, which focused on the company’s bitumen waterproofing systems, unfolded at Soprema.
This article was written by Henry Telfeian, a labor relations and employment attorney as well as the general counsel for the Professional Independent Consultants of America, Inc. About two months ago, the California Supreme Court issued a unanimous decision in the case Dynamex Operations West Inc. PICA Inc.). All rights reserved.
Read the article to find out. That’s why it’s critically important to regularly monitor the flow of processes with the aim of detecting inefficiencies, waste of resources, and bottlenecks that slow down operations or cause redundancy. What steps will lead your company to become a high-performing organization?
The disruption caused by COVID-19 has forced businesses to adopt new ways of operating. But as the article notes, Retail customers, though, have a peculiar habit of paying up front. And if they do, the inventory usually can’t be collected—mushrooms and peaches have a shorter shelf life than dishwashers and office furniture.
This article describes the three key strategies needed to support continuous transformation: adopt an agile mindset, use aspirations to continuously challenge and stretch the organization, and build transformation into the company’s operating rhythm.
I asked my partner Jen Hamilton - our community Chief Operating Officer to be my guest today and share all the deets on the what you'll need and how much it all costs so that you can plan in advance for both the startup and ongoing costs. Please share this article if you found it useful. Next Steps: 1.
In the past you operated in a compensation model where you do work and then get paid. Now you're operating in a return on investment model where you invest your money, time and talents in your business with the expectation of a return. But the truth is - your business won't make money until you invest in it.
This article examines how AI is affecting small businesses and discusses the hurdles that need to be overcome to fully embrace this transformative technology. This has the potential to lower operating expenses, boost sales volumes, and thereby increase overall profitability. However, adopting AI is not without its challenges.
The smart approach is to fully appreciate the ramifications of abrupt market changes, adapt quickly to those conditions, and find a way to be aggressive in the “new normal” imposed by market changes as opposed to stubbornly operating in the paradigm of the “old normal.”.
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