October, 2015

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The Self-Confidence Myth. What Every Consultant Needs to Know

David A Fields

Last week, like most weeks, a recurring theme among the consultants I advise was confidence. It sounded like this: “I’m not confident enough in my offering, abilities, value, or sales skills [choose one] to win more revenue.” The same insecurity was voiced by startup consultants and multi-million dollar producers alike. Is the connection between confidence and rainmaking a myth?

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Update on Inside Nudging and Other Behavioral Science (e.g., Behavioral Economics) Efforts

Steve Shu Consulting

I am in the process of publishing an update to Inside Nudging: The Excerpts (as a free release in Apple iBook format and in paperback form for talks, workshops, and academic inquiries). The update includes: Chapter 2: Organizations Can Package Behavioral Science for Good – This chapter describes a case of using behavioral finance in the retirement plan design space.

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Management Consulted East Coast Tour – Fall 2015

Management Consulted

When Willie Nelson wrote “On the Road Again,” we’re pretty sure he was talking about us! We kicked off our busy travel season with our annual East Coast Fall Tour to host events with consulting clubs from the University of Virginia, the University of Virginia Darden School of Business, and Harvard Business School. Plus – we took a bonus trip to Arizona State University.

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Outsourcing Matrix

Tom Spencer

(Source: Flickr ). The outsourcing matrix may prove useful in the consulting case interview, either as a standalone framework or as part of a larger profitability framework. With the view to reducing costs, there are three questions that a firm would do well to consider: How long will it take to reduce major cost drivers? Are the activities strategically important?

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State of AI in Sales & Marketing 2025

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.

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Thank You to Our 2015 Silent Auction Donors & Volunteers!

Women in Consulting

By: Jen Berkley Jackson. On behalf of Women in Consulting, thank you for your generous donation s to the silent auction! Your participation and co llaboration helped make the 201 5 silent a uction a huge success. Women in Consulting is grateful for your support. Amy Ouellette, Aimee’s Way ; www.aimeesway.com. Amy Smith, Project Gado ; www.projectgado.org.

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How to be Audacious. A Guide for Prudent Consultants Like You.

David A Fields

60-second story: Four friends wander a woodsy path to find the ocean. Their goal: wade through warm, crystal waters and gape at neon sienna sunsets. Once they reach the Coast, of course. But not now. Not yet. First there’s a trail to follow. The forest byway buzzes with the everyday hide-and-hunt of insects and animals. Along the way, Ranger Dan hails the foursome as they pass below his perch amidst the treetops.

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Behavioral Economics and Innovation Workshops

Steve Shu Consulting

I am co-hosting Behavioral Economics and Innovation Workshops in conjunction with one of my colleagues and partners, Namika Sagara at Sagara Consulting. The goals of these workshops are twofold. First, the workshops teach and demonstrate key behavioral economics (BE) concepts to participants. Second, the workshops provide an introduction to how companies can implement BE initiatives.

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MC on The Road – LA

Management Consulted

We spend a lot of time on the road here at MC, travelling to colleges and universities in North America and beyond, giving training and advice on resumes, fit interviews, case interviews and beyond. Ever wondered what it would be like to come with us? Well wonder no more! Last year on our trip to L.A. we brought our media team to along with us for the ride!

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Types of Capital

Tom Spencer

(Source: Flickr ). There are different kinds of capital that individuals and organisations use to pursue their goals and deliver value. Employees usually trade human capital (their individual time, talent and efforts) and intellectual capital (their thoughts and ideas) in exchange for financial capital (money). Effort, ideas and money are not, however, the only forms of capital that exist.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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An Interview With Deb Siegle

Women in Consulting

By: Deborah Siegle. Deb Siegle, WIC’s president, was recently interviewed (by email) regarding women consultants and business owners for possible inclusion in an article for one of the Boston College blogs. Here are excerpts from that interview. In February of 2015, the Cass Business School At City University London hosted an event called Women In Consulting – Challenges And Opportunities.

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What's the #1 Predictor of Success in Love?

MishTalk

Here's an interesting article that just came my way from the Washington Post. It's about success in love. Please consider The One Number that’s Eerily Good at Predicting Success in Love. When people are looking for a significant other, they often try to find someone whose values, education, earnings, hobbies and even height match their own. But new research suggests there's one promising measure for finding a committed partner that most daters overlook -- credit scores.

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Partnering With Another Consultant? Read This First

David A Fields

There you are, cruising around the bay on your one-sailed Sunfish, Hobie-cat or multi-sheeted catamaran, fishing for consulting projects. A fellow sailor hails from his small craft, “Would you like to join forces? I’m sure we could catch more together.” What do you think? Will adding more sailboats to your armada result in a better haul? Take a moment to look at the reality and rules of partnering.

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A Perspective on How Behavioral Economists Think We Should Deal With Reason and Emotion in Decision Making

Steve Shu Consulting

I thought I would re-post an answer to a question I was asked to answer on Quora, as it illustrates a conceptual flavor of how knowledge of behavioral economics can be applied to help navigate behavioral obstacles and opportunities. The question: How do behavioral economists think we should deal with reason and emotion in our decisions? My answer: The balancing act is tricky, and I think context and desired outcomes matter.

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PowerPoint Best Practices for Creating Stellar Presentations

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.

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MC on The Road – LA

Management Consulted

We spend a lot of time on the road here at MC, traveling to colleges and universities in North America and beyond, giving training and advice on resumes, fit interviews, case interviews and beyond. Ever wondered what it would be like to come with us? Well wonder no more! Last year on our trip to L.A. we brought our media team to along with us for the ride!

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How You Can Use Signage To Brand Your Business

Tom Spencer

This is a guest post from Sarah Smith. Business owners know that they can’t attract customers if those customers don’t know that they exist. That is why they rent buildings in high traffic areas and pay large sums to place ads where people are likely to see them. There are many ways that companies can get the word out, and with all the hype around online and social media marketing it would be easy for companies to overlook how important proper signage can be to the success of a compa

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Leading in an Increasingly VUCA World

Strategy+Business

The world is getting more dynamic and complex, not less, so leaders must learn how to surmount new challenges.

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Fraudulent Medicare, Medicaid, EITC, Tax Refunds, etc. Total $1 Trillion Since 2003

MishTalk

A huge chunk of your tax dollars every year goes straight into the pockets of crooks. Nearly one in three earned income credits (EIC) is fraudulent. And the numbers keep getting bigger every year according to the Government Accountability Office. Please consider GAO: Feds Made Nearly $1 Trillion in Overpayments Since Fiscal 2003. Government waste took a significant turn for the worse in fiscal 2014, rising dramatically to $124.7 billion from $105.8 billion in fiscal 2013.

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Savings Consultants Are Needed in Today's Market More Than Ever

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.

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Are You ETDBW? If Not, It Could Be Costing You Clients

David A Fields

According to LinkedIn, my network consists of roughly 120 million people. In fact, other than six elderly denizens of a village in Uzbekistan, it appears I’m indirectly connected to every person on the planet. Setting aside the absurdity of Xth-degree connections, LinkedIn has become the most valuable social network for business building. But they’re doing their best to reduce their own value and chase away customers.

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13 Questions To Transform Your Business

Chad Barr

This week’s reflection point: I love asking my clients and myself the kind of provocative questions that would then fuel the next level of growth and transformation. Here are the latest 13 I have come up with. Have you: Identified your unique abilities and your gifts? Articulated your purpose for existence? Surrounded yourself with people who challenge you and also pull you up?

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Advanced Practitioner Workshop

Kates Kesler

Advanced Practitioner Workshop. Dec 9-10, 2015. All Day. New York University. Kimmel Center. New York City. $1,995 registration fee includes materials, lunches, and participant dinner on December 9th in Greenwich Village. For more information, please contact Tara Oberg at Tara@KatesKesler.com. Register. Join Greg Kesler, Amy Kates, and peers from leading companies as we explore the topic of Activating New Business Models.

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The Perpetual Motivation Machine

Tom Spencer

Motivation is about being in the moment, and being fully present; in that state, deciding what you want and then taking steps towards it tend to happen naturally. How often do you hear of a baby that failed to learn to walk? The strange thing about motivation though is that it can often feel illusive. Why is this the case? To understand where things may have gone wrong, let’s start at the beginning.

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TOOLS and METHODOLOGIES for developing DECISION SUPPORT PACKAGES

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.

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Are You a Producer or a Performer?

Strategy+Business

Every successful business needs both high-potential producers and high-potential performers. Which one are you?

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Socialist Finds 14 Flaws in Capitalism and Seeks Help to Fix Them; Mish 14 Point Rebuttal

MishTalk

Those looking for a big laugh can find one in Philip Kotler's Huffington Post article entitled Fix Capitalism - Join Us! Kotler says "The economic system is failing to deliver rising living standards for most Americans. Most of the gains from higher productivity are going to the rich. The middle class is getting smaller, the wages of the working class are lower in real terms than in the 1980s, and the really poor continue to constitute 15% of our citizens.

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When Is It Worth Pulling an All-Nighter for Biz Dev?

David A Fields

A consultant just emailed me this question: I’ve been asked by an association to do an unpaid webinar in Dubai time, which would be 3:00 a.m. my time. Their experience is that a webinar at the right time can draw 400 participants, but other times reduce participation by half or more. Is it worth accommodating their best time at the sacrifice of my sleep, or should I just make it (more) convenient for myself?

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Make a Difference

Chad Barr

This week’s reflection point: I had the wonderful opportunity to visit the Tenement museum on Orchard street on New York’s lower east side while visiting the city this week. A dilapidated dwelling, built in the early 1860’s, housed more than 7000 immigrants between 1863-1935. What makes this building so unique? Surely many people have immigration stories that can be traced through familial genealogy these days.

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Why You Need to Use Case Studies in Sales and Marketing (and How to Start Now)

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

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Ensure Success by Predicting Failure: Testing Design Solutions with Premortem Analysis

Kates Kesler

After weeks of assessment, analysis, and discussion, your design team has arrived at a comprehensive solution that will create an organization with the right structure, roles, governance, process, and metrics to deliver on the business strategy. As the sponsor or project manager, you ask, “what could go wrong”? The team is silent. After all, they have followed the process, acted on the data, and tested several scenarios against the design criteria.

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What’s Your Value in Coaching Your Employees: 3 Benefits

Gina Abudi

Coaching benefits not just the employees – but also the leader who is coaching them! Here are three benefits that leaders realize when they coach their employees: Your employees are stronger, more confident and work better as a team. Productivity increases. Collaboration increases. Conflicts are reduced. People will want to join your department, workgroup or [.].

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What to Expect from Off-Site Meetings

Strategy+Business

Workshops in another setting can provide employees with a valuable means of thinking critically about their company's vision.

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