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Huckleberry (a.k.a. Huck), the Assistant Deputy Vice President of FruitSpread, Co. asks whether you can help him out of a jam. “Yes I can,” you reply, already tasting a sweet new consulting project. The discovery process with Huck is smooth, and you anticipate this will be a plum engagement.
In part 2 of our series on Change Management, we would like to talk about partnerships and how they can help you grow your business. Just as in your individual career, your business thrives on the partnerships you develop. There are so many companies in the market today, each with their own specialties, their unique IP, their niche verticals, and their rock star talent pool.
Welcome back to the last in our series on breaking down case interview frameworks. You’ve almost made it to the end of our series! By the end of this article, you’ll be well on your way to becoming an M&A case framework master. Missed out on Parts 1-3? Have no fear! Check out our breakdowns on Profitability , Market Sizing , and Market Study to become a complete expert on any kind of framework you’ll need in your case interview.
Many people who embark on the independent professional path think they should define their services broadly so they will look like a good fit for many projects. The exact opposite is true. My company represents self-employed professionals across the country, and over the last seven years I have interviewed, coached, or worked with more than 200 independent management consultants.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
As a former consultant, I have a deep and abiding love for the use of 2×2 matrices in business strategy. My favorites are those that highlight two factors that seem, at first glance, in conflict. I find these particularly relevant to personal development, as individuals often must resolve the tensions between competing values and traits and must carefully monitor their own strengths so those strengths don’t lapse into weaknesses.
Article Monday, January 16, 2017. Until recently, artificial intelligence (AI) was similar to nuclear fusion in unfulfilled promise. It had been around a long time but had not reached the spectacular heights foreseen in its infancy. Now, however, AI is realizing its potential in achieving human-like capabilities, so it is time to ask: How can business leaders harness AI to take advantage of the specific strengths of man and machine?
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Article Monday, January 16, 2017. Until recently, artificial intelligence (AI) was similar to nuclear fusion in unfulfilled promise. It had been around a long time but had not reached the spectacular heights foreseen in its infancy. Now, however, AI is realizing its potential in achieving human-like capabilities, so it is time to ask: How can business leaders harness AI to take advantage of the specific strengths of man and machine?
I’m not a huge fan of “shoulds,” but they’re pretty common. In independent consulting they sound like, “I should reach out to more prospects regularly,” and “I should author more thought leadership,” and “I should contribute pithy comments at the end of David’s articles.” Stuff like that.
Change management is the art and science of managing the transformation and development that is inherent to business processes. It requires the controlled identification and implementation of necessary adjustments, such as succession, staffing, business strategy, and so on. In this series on how you can improve your change management processes, there will be helpful content and advice which can help you differentiate your company from the competition and set strategic goals that lead to long ter
Have you missed the undergraduate recruitment window? Didn’t make the break you expected this year for careers? The consulting industry is one of the most competitive on the planet, and there’s no shame in falling a little short this time. But this is no time to go sulk in the corner or rest on your laurels! You’ve got that much more work to do to put yourself in position to land your dream job next cycle.
This is one of the questions I get asked most frequently by independent management consultants. Unfortunately, it’s also one of the hardest to answer because every person’s situation is different and there are multiple factors to consider. While this article will help you think through the various factors, here is the short answer: 90% of the self-employed consultants I know are set up as either a sole proprietorship or a single-member LLC.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
In 2002, professors Edwin A. Locke and Gary P. Latham, two of the best known academic researchers on goal-setting, wrote an article in American Psychologist summarizing their 35 years of research. Among their findings: Setting specific, difficult goals consistently leads to higher performance than just urging people to do their best. High goals generate greater effort than low goals, and the highest or most difficult goals produce the greatest levels of effort and performance.
Focus Thursday, January 26, 2017. The battery pack may be the least glamorous component in the electricity delivery network, but it is on the verge of transforming electricity markets worldwide. Solar power produces plenty of electricity on sunny days, but not during peak usage in the evening or when the sky is cloudy. Storage systems such as lithium-ion (Li-ion) batteries, combined with photovoltaic (PV) generation, can address the intermittency of renewables without the expense of expanding th
Two case studies reported to me by consultants in the past couple of weeks: Rich, in South Carolina, nabbed a $64,000 project from a state agency. To win the project, he submitted a proposal that was easily accepted because he was the only consultant bidding.
We’ve scoured the web for all of the cutting edge learning and development stories and curated them for you in one, easy to read newsletter. Take a look!
Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.
Thanks to your support and loyalty, Management Consulted is the #1 resource for consulting news and prep in the world. We are truly grateful to our ever-expanding MC family. A lot has changed in the past five years. In 2011, Apple had just launched the iPhone 4S (feel old yet?). A 32GB 4S sold for $299 with a cell phone contract. Today, a 32GB iPhone 7 will put you back $649!
When you're a self-employed management consultant, conveying a professional image is critical to maximizing pay and profit. Consultants who present a professional image as a stand-alone business can charge more for their services. It’s all about perception. If you look like you are doing consulting on the side or between jobs, clients won’t take you as seriously as someone who is a dedicated professional.
Video Wednesday, January 04, 2017. Jürgen Schmidhuber, the scientific director of SUPSI’s Dalle Molle Institute for Artificial Intelligence (IDSIA), in Switzerland, has been a leading pioneer of artificial intelligence (AI) for three decades. His work with colleagues on recurrent neural networks, including long short-term memory (LSTM), and on other mathematical models and algorithms for solving AI problems has revolutionized several fields, including machine learning, handwriting and speech rec
Savings Consultants are needed in today’s market more than ever. With an increase in expenses, businesses are looking for opportunities to save. Often unknown to businesses are savings in expense reduction, specialized tax savings, specialized savings including medical underpayments, health benefits cost reduction, zero cost processing, and more. Blue Coast Savings, with over 20 years in business, assists Savings Consultants in helping these companies move toward more profitable businesses.
Consultants tend to sell (and believe in) rigorous processes. However, successful entrepreneurs are known to eschew process and doggedly chase results. Uh oh, what does that mean for us independent consultants? Especially when it comes to business development, should we be devoted to the process or the results?
Change is a difficult time for both organizations and individuals. It takes strong leadership to navigate through disruption successfully. But luckily, good leadership is definitely achievable, as long as you approach the task with an open and receptive mindset.
Today we highlight tremendous business analyst and post-consulting leadership jobs at TOMS. TOMS is a popular shoe manufacturer known for combining philanthropy with a profitable business model. Whether someone is out shopping for apparel or looking to better our world, TOMS gives an opportunity for both. If you see a need, through the purchase of their merchandise you are able to address it.
By: Josh Zerkel. :: Entrepreneurs need lots of support to be successful, and it can take many forms. For example, it’s important to have sources for trusted advice, like the Small Business Administration. It’s also key to have practical tools to get established and maintain your workflow. Here are a few valuable use cases and my go-to technology tools: Keep track of the interwebs.
This White Paper targets opportunities for Management to develop proficiency in the Decision Framing and Analyses element of input to Decision, & Risk Analyses for Major Project Funding Decisions.
A common thread in the study of organizational culture is the idea of culture as a unifying force that brings people together to work productively toward the attainment of organizational goals. In this approach, organizational culture is understood as a variable to be used in projects of social engineering aimed at creating unity and cohesion. But that’s not really what culture is about, nor is it a useful way to think about organizations.
Article Thursday, January 05, 2017. The B2B market for the Internet of Things (IoT) is taking off. And huge numbers of vendors—including software, hardware, and internet companies; startups; service providers; and telcos—are jockeying for position and market share. With so much action in the IoT space, one question should be at the top of every IoT provider’s list of concerns: Where are the growth opportunities?
This is a guest post from Marguerite Arnold. Blockchain , the underlying technology used by Bitcoin , has implications that reach far beyond the financial services community and banks. This is where new development and implementation may have focussed so far. However, as the technology and its implications become better understood, it will rapidly expand to new industries and verticals.
Our story begins in 2013, when a major global pharmaceutical firm launched a technology transfer project from one of its US factories to a new factory being constructed in Europe. For years the US factory had been the sole producer of the company’s successful drug to combat a persistent blood disease that, at best was a lifelong nuisance and, at worst was potentially fatal.
Case studies are proof of successful client relations and a verifiable product or service. They persuade buyers by highlighting your customers' experiences with your company and its solution. In sales, case studies are crucial pieces of content that can be tailored to prospects' pain points and used throughout the buyer's journey. In marketing, case studies are versatile assets for generating business, providing reusable elements for ad and social media content, website material, and marketing c
KALYPSO. Today we highlight Kalypso, a young but emerging player in the consulting market. Co-founded in 2004 by ex-Deloitte partners George Young and Bill Poston, and (randomly) headquartered in Cleveland, Ohio, Kalypso’s main mandate is to help firms expand their innovation capabilities. The firm does this by offering technology implementation services, as well as some tech advisory expertise and a little strategy work.
Follow. ( 14 Followers ). X. Follow. E-mail : *. Follow. Unfollow. The post 33 Ways to Great Management Consulting appeared first on SchellingPoint Website.
If a good friend tells you about an ordeal they’re facing or a mistake they’ve made, how do you typically respond? In all likelihood, you offer kindness and comfort, perhaps speaking in a warm and soothing tone, and maybe offering a hug to show how much you care. When your friend recovers and the conversation continues, chances are that you’ll expand your support by encouraging your friend to take necessary action or try to discover how to steer clear of similar difficulties.
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