David A Fields
MARCH 9, 2016
Years ago I watched the movie A Beautiful Mind, the biopic of Nobel Prize winner John Nash. That movie profoundly changed how I walk in the world and how I approach consulting business development. It allowed me to overcome personal demons and thrive as a consultant. Perhaps it can do that for you too. Let me explain: Consulting is a hands-free profession.
Management Consulted
MARCH 22, 2016
The 2016 deadlines for Bridge to BCG and McKinsey Insight are coming up on Sunday, April 10. Aimed at Ph.D.s, engineers, med students, JDs, post-docs, interns, practicing MDs or residents, these magical BCG and McKinsey consulting seminars are crash courses, extended job interviews, and sell weekends all rolled into one. If you get invited, show up, and stand out, you’ll put yourself in good stead with the folks at BCG and McKinsey, and will be in a perfect position for the guaranteed inte
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The Clever Consultant
MARCH 1, 2016
This little nugget from the classic Managing Oneself epitomizes the need for self-awareness to grow professionally.
BCG
MARCH 22, 2016
Focus Tuesday, March 22, 2016. Digital technologies continue to rapidly reshape the business landscape. (See the appendix, “Technology Trends to Monitor.”) A striking feature of this ongoing transformation is that, despite these technologies’ underlying technical complexity, a significant share of many companies’ digital campaigns is being driven largely by the business function, with only limited conceptual involvement by the corporate IT department.
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Strategy+Business
MARCH 27, 2016
Optimism and an eagerness to seize opportunities can be a far more useful source of executive inspiration than fear.
Management Consulting Connection brings together the best content for management consulting professionals from the widest variety of industry thought leaders.
David A Fields
MARCH 30, 2016
Project pricing is like a balloon in a room made of nails. I’m not sure why such a room would exist or how you would get the balloon in there, but go with me on this one. On the pricing floor are the rusty nails that cheapen you and let the air out of your credibility or win you projects you can’t afford to deliver. But you’re probably more worried about the needle-sharp nails on the ceiling.
Management Consulted
MARCH 28, 2016
BOOZ ALLEN HAMILTON . Welcome back to our Firm Profile series. Today we’re going to be looking at Booz Allen Hamilton, a firm with a great name and a confusing history. Headquartered in the Greater Washington, DC area, Booz Allen Hamilton is well known for its governmental work. But after several sweeping changes to Booz Allen Hamilton’s infrastructure, the question now hanging over Booz Allen Hamilton is how it’s going to weather the storm and if it will come out stronger on t
Melissa Agnes
MARCH 21, 2016
photo credit: ra2studio/shutterstock. A LinkedIn connection of mine recently wrote me an interesting message. He began the message with the sentence: “Why CRISIS is a bad word,” and followed it up with the following wordplay – People: C reate their problems; R eact by blaming others; I nfer that all will be okay; S ecure themselves behind false claims; I ndependent they become instead of working as a collective; and.
BCG
MARCH 24, 2016
Article Thursday, March 24, 2016. A well-known brand and a unique business model are terrible things to waste. Companies devote blood, sweat, and tears—and lots of money—to protecting their brand, which acts as a proxy for their image and reputation, and their business model, which can be a key source of competitive advantage. Once organizations create a strong brand and business model, the last thing they want to do is give them away.
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Tom Spencer
MARCH 20, 2016
Not enough, or more than you need. It’s generally one, or the other. Are you working for the money, with grand plans for what you will do when you one day finally have “enough”? Or are you just happy to be here, every day, because you can’t believe they are paying you to do what you’d happily do for free? Are you waiting until you have the money you think you need, before you start living the life you want?
Women in Consulting
MARCH 10, 2016
By: Deborah Siegle. Recently I was asked to be a panelist for the National Women’s Business Council (NWBC) town hall in Silicon Valley. The @NWBC is a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, Congress, and the U.S. Small Business Administration on economic issues of importance to women business owners.
David A Fields
MARCH 16, 2016
Successful, independent filmmakers know one person can’t make a movie. At a minimum they need a director of photography to run the camera, a sound person, a lighting person/gaffer (I’ve always wanted to use the word gaffer in a blog), plus a production assistant. Successful, independent consultants know the same thing (about consulting, not films). Whether you are in a solo shop or a boutique firm, it’s critical to surround yourself with at least a skeleton crew comprised of the right people.
Management Consulted
MARCH 7, 2016
Pierre was a junior at Harvard University who was offered 2 very exciting internships – one for BCG in management consulting (plus, after this call he got an offer for Bain as well) and the other for a VC firm in New York. He was torn between the two types of options, so he jumped on a call with Jenny Rae to try to figure out which one would suit his personality better, which avenue would provide better opportunities during and after his stint, and ultimately which of the two he should acc
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Melissa Agnes
MARCH 7, 2016
Image credit: bikeriderlondon/shutterstock.com. A couple weeks back, I published an article that discussed best practices for communicating with your key stakeholders in a crisis. But while external communications are typically top of mind in a crisis (at least for the organizations with a mindset on communication), there is an equally important stakeholder group that is often overlooked when it comes to crisis management: the internal stakeholders.
BCG
MARCH 22, 2016
Video Tuesday, March 22, 2016. The MIT Media Lab encourages the unconventional mixing and matching of seemingly disparate research areas. Today, faculty members, research staff, and students at the Lab work in 24 research groups on more than 350 projects that range from digital approaches for treating neurological disorders, to advanced imaging technologies that can “see around a corner,” to the world’s first “smart” ankle-foot prosthesis.
Tom Spencer
MARCH 27, 2016
(Source: Flickr ). Consultants work on projects of varying lengths, and are often required to travel to work on site with the client. The specific tasks that a consultant undertakes will depend on which firm she works for, the project requirements, as well as her level of seniority and experience. Projects typically follow a predictable cycle which involves five stages: pitching, hypothesis generation, research and analysis, reporting, and implementation. 1.
Women in Consulting
MARCH 23, 2016
By: Ayelet Baron. If you have been engaging with my thinking on building thriving 21st century organizations, you will know that this is the best time to be alive as we live in an open and connected world. If this is our first encounter, I look forward to connecting and learning from your thinking. That is what is so exciting about our century: our ability to find the right people at the right time to have conversations and co-create.
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David A Fields
MARCH 2, 2016
Text and images are © 2016 David A. Fields, all rights reserved.
Management Consulted
MARCH 13, 2016
In case interview prep, Victor Cheng has risen to a household name in the last 5 years, and his book Case Interview Secrets is one of our recommendations for those looking to break in to the industry. . A Stanford graduate who worked in consulting during his early career, Victor speaks from his experience as someone who sat on both sides of the interview table.
Melissa Agnes
MARCH 1, 2016
Your corporate culture directly impacts your organization’s crisis management. Successful crisis management has a lot to do with an organization’s corporate culture and the mindset it instils in its team members. In other words, the way you choose to look at risk directly impacts the way you respond to risk and the way you overcome it – or not!
BCG
MARCH 22, 2016
Report Tuesday, March 22, 2016. Vietnam's success over the past two decades is undeniable. The country has moved from a largely agrarian economy to one powered by manufacturing. Food is more plentiful, health care more accessible, schooling more affordable, and disposable incomes higher than ever. But the country faces significant challenges, some of which stem from its rapid progress.
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.
Tom Spencer
MARCH 13, 2016
(Source: Flickr ). There are many different types of consulting. As an aspiring consultant, you would be well advised to understand your options so that you can make an informed decision about which kind of consulting is right for you. Here are five (5) of the main types of consulting that might interest you: Strategy: Think BCG , McKinsey and Bain (although it is worth noting that these firms are doing less and less “pure” strategy work and more operations, implementation and restructuring).
Strategy+Business
MARCH 27, 2016
Some examples, past and present, of how good design overcomes complexity.
David A Fields
MARCH 23, 2016
The benefits of thought leadership for consultants are well established. More inquiries from more clients, less competition and higher premiums on your projects. Plus, you’re invited to speak at conferences, write articles for prominent magazines and pose for your effigy to be carved into mountains. All of which lead to even more client inquiries. It’s a good thing.
Women in Consulting
MARCH 15, 2016
By: Olivia Dippon. EXECUTIVES LOVE TO TALK ABOUT PLANNING… most complain their processes don’t work very well. Harvard Business Review reports that only 11% of CEO’s believe that strategic planning is worth the effort. Most planning processes are too complex, and only document decisions already made. CEO’s have the responsibility to make their planning processes effective; I believe the key is to keep the processes simple and focused.
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Chad Barr
MARCH 30, 2016
This week’s reflection point: To successfully market your business you need to review the positioning of your business. This hot topic is one that I am often asked to talk about. To help you assess the positioning of your company I prepared these key questions for you to review and answer: What is the purpose of your business and why does it exist? If you fast forward a year or two into the future, how would you paint the success of your business?
BCG
MARCH 21, 2016
Focus Monday, March 21, 2016. The global television industry is in the midst of a digital revolution. Online video has been spreading like wildfire, empowering consumers to watch what they want when they want it, sometimes cutting TV out of the equation altogether. Networks, with their long legacy of linear programming (that is, airing news, sports, and entertainment at set times), are fighting to stay relevant.
Tom Spencer
MARCH 6, 2016
If you are using your talents in a way that interests you for the benefit of other people, then that’s a good thing. Charities, non-profits and religions may come to you for aid, but it’s valid to refuse if your gifts to them would detract from the good work you are already doing. Giving more than you can manage can create an imbalance in your relationships with other people, which can damage or destroy those relationships when you discover that they do not reciprocate to the same ex
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