Remove Benchmarking Remove Operations Remove Training
article thumbnail

Evaluating ROI on Your Company’s Learning and Development Initiatives

Harvard Business

Leaders can use an approach called balanced benchmarking, borrowed from operations management, to conduct a needs assessment and apply training where it can be most effective. The author explains how this approach was applied at a firm in the legal services industry and offers five strategies for implementation.

ROI 249
article thumbnail

Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Factors that Impact Your Base Rate The 2x-3x estimate will give you a rough idea, but tweak your numbers up or down based on the following factors: Pedigree: Did you learn your craft at a consulting firm with formal training, such as Deloitte or Bain & Company? Other tips: Benchmark your rate to increase your confidence.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

Benchmark so you know your rate is reasonable. Although rate information is a closely guarded secret, based on my 20 years in the industry here are very rough ballpark numbers for “management consulting” (not IT consulting, project management, training development, etc.). There are lots of ways to do this.

article thumbnail

The Competitive Edge: ISO 20700 Certification for Management Consultant

Effective Managers

Achieving recognition as a practitioner through ICMCI Checklist training goes beyond earning a mere certificate of completion; it signifies a consultant’s dedication to excellence, adherence to global standards, and commitment to best practices. To learn more about ICMCI’s ISO 20700 Checklist Training, click here.

article thumbnail

Strategic Believability: A Research-Backed Guide

LSA Global

Alignment with Ways of Working, Resources, and Capabilities We know from leadership simulation assessment data that too many leaders ignore cultural and operational realities. Strategies that clash with organizational culture or overlook operational constraints are unlikely to gain traction.

article thumbnail

Management Consulting versus Investment Banking

Management Consulted

Managers rarely yell, coworkers try to help each other out whenever possible, and companies are organized to provide consultants support with training, expertise, etc. Call me biased, but I received the best years of business training possible in my time at McKinsey. This attitude permeates all interactions. 3 SKILL DEVELOPMENT.

Banking 272
article thumbnail

Understanding ISO 20700: Elevating Your Management Consultancy

Effective Managers

It’s about setting a global benchmark for how consulting services should be offered and delivered. When consultants are trained and operate according to these guidelines, they send a clear message to potential clients: “We are committed to the highest standards of professional conduct and service delivery.”