David A Fields
JULY 6, 2016
It’s gorgeous outside. What a perfect time to shoot a round of golf. And the bachelorette party for Aunt Matilda needs to be planned. Hey…that YouTube video on growing Norwegian potatoes looks sorta interesting! In fact, anything other than work looks interesting. Sound familiar? Have you ever dawdled through days? (Weeks? Months?) Let’s talk about how to fire up the work engine when you’re ensconced in enuii.
Management Consulted
JULY 24, 2016
it’s time for another book review! This time, our intern and ex-Deloitte dreamboat Preeti read Michael Porter’s book on competition and took the time to let you know how she felt about it. WHY READ IT? Michael Porter is an industry heavyweight who’s won over 50 various awards; he has been recognized by several governments, large conglomerates and educational circles the world over.
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Steve Shu Consulting
JULY 22, 2016
Inside Nudging is written for management professionals and scientists to feed their thinking and discussions about implementing behavioral science initiatives (which includes behavioral economics and finance) in business settings. Situations include the incubation of innovation centers, behavioral science overlay capabilities, and advancement of existing organizations.
Harvard Business
JULY 8, 2016
There are many ways to split people into two groups. Young and old. Rich and poor. Us and them. The 98% who can do arithmetic and the 3% who cannot. Those who split people into two groups and those who don’t. Then there’s the people who make good competitive-strategy decisions, and those who don’t. It’s not easy to split people into the good/bad strategy decision-makers.
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Tom Spencer
JULY 30, 2016
“Never use a long word when a diminutive one will do.” ~ George Orwell (slight mis-quote). [Diminutive is a synonym for “small” ].
Management Consulting Connection brings together the best content for management consulting professionals from the widest variety of industry thought leaders.
David A Fields
JULY 13, 2016
A few years ago Michael Norton and his buddies wrote about “The Ikea Effect” which they describe this way: “When people construct products themselves, they come to overvalue their (often poorly made) creations.” This turns out to be an important finding for consultants. Norton’s gang studied their hypothesis using origami, which is not a product most people buy, but was undoubtedly easier for the researchers to haul around than pallets of build-it-yourself kitchens.
Management Consulted
JULY 3, 2016
BATES WHITE ECONOMIC CONSULTING. Get ready for some fresh info as we talk about a firm that specializes in econometrics, statistics, antitrust, and specifically advanced econometric modelling. Bates White Economic Consulting is a highly reputable boutique firm that has been gathering momentum in recent years. If you are one of those econ fanatics (ahem: nerds) who dig economics, statistics, and antitrust policies, Bates White may be the firm you’ve been searching for your whole life.
Steve Shu Consulting
JULY 22, 2016
Inside Nudging is written for management professionals and scientists to feed their thinking and discussions about implementing behavioral science initiatives (which includes behavioral economics and finance) in business settings. Situations include the incubation of innovation centers, behavioral science overlay capabilities, and advancement of existing organizations.
Harvard Business
JULY 8, 2016
Why are there so few women in leadership roles? My research collaborators (Laura Guillen of ESMT and Natalia Karelaia of INSEAD), and I believe we have shed some new light on this conundrum. But first, some background. One frequently cited reason has to do with confidence. In a previous study my colleagues and I found that women tend to rate their abilities accurately, while men tend to be overconfident about theirs.
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BCG
JULY 7, 2016
Article Thursday, July 07, 2016. Much has been written about how innovation drives growth and shareholder value in publicly traded companies. Apple and Google, which again took the top two spots on BCG’s annual list of the world’s most innovative companies, have also been the stock market leaders over the past ten years. But innovation is just as critical for nonprofits—especially as they face growing pressures to serve more people in need and to deliver measurable results.
Melissa Agnes
JULY 19, 2016
When Diamond Reynolds used her cell phone and Facebook Live to live-stream the unfortunate situation she found herself in, mere minutes after her boyfriend, Philando Castile, was fatally shot by a police officer, there was no stopping what would happen next. With the click of a couple of buttons, the story was instantaneously and irrevocably out there, and the world was watching, sharing and drawing their own conclusions.
David A Fields
JULY 20, 2016
Wouldn’t life be easier if the world revolved around what you’re already good at? Sleeping, for instance, or eating, or laughing at videos of giggling babies. Fortunately, as a consultant, your work world does revolve around a skill you’ve already mastered. Better yet, when you apply that skill to business development you’ll drum up plenty of new clients.
Management Consulted
JULY 10, 2016
The following 7 categories of people have 8 days left to apply at McKinsey for a full-time position (provided they finish their programs in 2017/2018): PhDs. Postdocs. Non-MBA Master’s. Medical students. Interns. Residents. Fellows. For most aspiring consultants, McKinsey is the gold standard. The mecca. The ultimate prize. Okay, okay, we know you get it.
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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.
Strategy+Business
JULY 5, 2016
The most important influencers of corporate behavior may not have lofty titles or an elevated slot in the organizational chart.
Harvard Business
JULY 7, 2016
One of the greatest barriers to moving outside your comfort zone is the fear that you’re a poser, that you’re not worthy, that you couldn’t possibly be qualified to do whatever you’re aiming to do. It’s a fear that strikes many of us: impostor syndrome. I know I’ve certainly had those thoughts while publishing pieces of writing, whether it’s blogs or books.
BCG
JULY 5, 2016
Article Tuesday, July 05, 2016. For all the angst over the disruptive impact of financial technology providers, the smart money in corporate banking sees fintechs as strategic allies, not enemies. Over the past decade, the fintech market has become a hotbed of customer-centric banking innovation. 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 activiti
Melissa Agnes
JULY 12, 2016
Earlier this month, a portfolio manager at a large hedge fund, Moore Capital Management, was fired for having thrown what was labelled as a “Wolf of Wall Street-style pool party” that garnered a lot of (negative) attention on social media and within the press. To paint a picture of this 4th of July party in the Hamptons, the party was reported by CNBC to have “featured showers of Champagne, throngs of young people milling around the house and dwarfs with Champagne guns” B
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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.
David A Fields
JULY 27, 2016
As consultants, we often give speeches and presentations. Sometimes on platforms in front of dozens or hundreds or thousands of listeners. Sometimes in small sessions with a client or a prospect. Every talk is a golden opportunity to advance your consulting business. The power of public speaking has been on prominent display the past couple of weeks in the U.S.
Management Consulted
JULY 17, 2016
Welcome back to our series on using frameworks to break down case interviews. In our first article, we provided an overview of frameworks and how you can use them to solve any case that gets put in front of you. In our last article, we took an in depth look at Market Sizing. Today, we’re looking at profit, which is probably the most important framework.
Tom Spencer
JULY 9, 2016
China comes up for criticism in modern times for stealing software technology from the West. Software is a language (or a set of languages) which can be used to make computer hardware do marvelous things, and because software is easy to copy (or reverse engineer), it’s easy to steal. But if there is software stealing going on in China and elsewhere, should we really be concerned about it?
Harvard Business
JULY 5, 2016
Every CEO claims to struggle with the challenge of getting the right “talent,” but what does this really mean? Their real concern is: Do I have the people who will understand my agenda and be able to really change how work gets done, at pace? This is the wrong question. Individuals can make a difference in an organization, but a social system — particularly in large organizations — is always stronger.
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.
BCG
JULY 1, 2016
Article Friday, July 01, 2016. To cope with growing uncertainty and volatility, most companies try to improve their forecasting and increase their agility. While important, both tactics have limitations. In times of rapid change, forecasts become obsolete almost as soon as the ink dries on them. And though responding quickly to market shifts is crucial, “perfect” flexibility and agility are costly to achieve—if not impossible.
Melissa Agnes
JULY 13, 2016
Over the last week, the world has watched as the U.S. struggles to manage a nation-wide crisis. It’s one we’ve seen before – but, like lessons in life, crises don’t go away until they’re truly learned from and managed. But while every police agency across the country plays a role in the management of this crisis, there is one agency in particular that has been thrust onto the front lines and has faced the most tragedy, the most loss over the last week.
Women in Consulting
JULY 28, 2016
By: Kay Paumier. :: C ontent marketing is “in.” But what is it anyway? And how is it different from what has been done in the past? According to Wikipedia, “ content marketing is any marketing that involves the creation and sharing of media and publish ing content in order to acquire and retain customers. This information can be presented in a variety of formats, including news, video, white papers, e-books, infographics, case studies, how-to guides, question and answer articles, photos, etc.”.
Management Consulted
JULY 31, 2016
It was 5:45am on a Wednesday in June this year. I had a flight out, but it wasn’t the one I should have been on. I had a chance the day before to go big and love someone extravagantly, but I didn’t finish strong. I exhibited the one dark downside of thinking like a consultant: paralysis by analysis. Sometimes, being a consultant is the worst. The way I view the world often paralyzes me.
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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
Tom Spencer
JULY 23, 2016
(Source: Flickr ). A consultant who enjoys a successful career progression within the consulting industry will be promoted up through the ranks and hold various different roles along the way. Job titles will vary by firm. An entry level consultant may be called a business analyst or junior associate. New recruits who hold an advanced degree (e.g. MBA, PhD, JD/LLB or MD) may start as an associate, senior associate or senior consultant.
Harvard Business
JULY 7, 2016
A look at where digital money really makes sense.
BCG
JULY 26, 2016
Article Tuesday, July 26, 2016. What does Brexit, together with the political environment in many developed nations, tell us about the sustainability of two of the major drivers of global economic progress: globalization and technology? This piece offers a personal perspective on the root causes and implications of the current turmoil and what corporate leaders can do to shape conditions for continued prosperity.
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