Harvard Business
NOVEMBER 19, 2018
“To be wise you must arrange your experiences on a lattice of models.” — Charlie Munger. Organizations are awash in data — from geocoded transactional data to real-time website traffic to semantic quantifications of corporate annual reports. All these data and data sources only add value if put to use. And that typically means that the data is incorporated into a model.
Confessions of a Consultant
NOVEMBER 18, 2018
The cost of a ‘wrong hire’ can be enormous. Each time you hire a new employee you potentially spend several million Euro. For example, a candidate currently earning €100,000 per year will cost your company about 6 million Euro over a 30 year working career when fully loaded employment costs and inflation are rolled up. In constructing a Capital Acquisitions Request for a piece of equipment that cost say €50,000, you’d spend a considerable amount of time completing a cost: benefit a
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Steve Shu Consulting
NOVEMBER 23, 2018
This post is based on an answer I wrote in response to a question posed to me on Quora, “What do choice architects do?” I wanted to repost my answer here because I still feel there is a lack of understanding about what it means to implement nudging and behavioral science within companies, and the role of choice architects are key. Choice architects essentially use insights from behavioral science to design environments for people that encourage or support some sort of end goals.
Consulting Success
NOVEMBER 22, 2018
Michael was recently featured on On The Schmooze Podcast. You can listen to it here: Michael Zipursky on On The Schmooze What makes an effective leader? No matter what field you’re in, if you’re known as a leader, you’ll command respect. People will line up to work with you and do things for you. It’s great to be an expert in your field, but that’s not enough to be a true leader.
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.
Management Consulted
NOVEMBER 18, 2018
Top Consultant Spotlight: Interview with Joe Timko, Partner at Ernst & Young (Part 1) Joe’s past roles: Partner, Ernst & Young’s (EY) Strategy and Customer Practices Chief Strategy Officer – ADP EVP, Chief Technology & Strategy Officer – Pitney Bowes … Continue Reading. The post Consulting Insights: Interview with Joe Timko from Ernst & Young- Part 1 appeared first on Management Consulted.
Management Consulting Connection brings together the best content for management consulting professionals from the widest variety of industry thought leaders.
Tom Spencer
NOVEMBER 17, 2018
There are some office resources that you can’t just order off Amazon: and trust is perhaps the most precious of these. When you’re assembling a team to achieve great things in a short timeframe, you need to know your crew has got your back. And more importantly, they need to know you’ve got them covered, too. Trust is essential to business and to team-building.
Consulting Success
NOVEMBER 19, 2018
There are a lot of people who are working on building their consulting businesses. They may already have a process in place for their marketing or for their selling, yet they’re not getting the results that they want. Oftentimes, it’s because they’re not working the plan even though they have the plan in front of them. Michael Norton, executive vice-president of corporate training for Sandler, says usually what’s holding them back is their own head. 4 Steps To Qualify Con
Rod Burkert
NOVEMBER 20, 2018
You’re reading or watching current business-type news and you see a colleague of yours being quoted or interviewed. How did they do that? To be sure, there are ways to “get in” with a reporter that happen over time … but there is an easy and free way to get started. Hey, what’s up everyone! I’m Rod Burkert. And welcome to my Practice Development Corner, the place where business valuation professionals like you come to learn how to turn the practice they have into the practice they want.
Henry DeVries
NOVEMBER 21, 2018
Let’s face it, clothing is marketing. Are your clothes attracting or repelling clients?
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Tom Spencer
NOVEMBER 17, 2018
My friends and I walked out of the Big Short several years ago feeling like a group of global financial crisis experts. We were shocked, how could no one have seen the collapse coming? It all seemed so clear. Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. I’ll try to summarize some of the causes and historical contexts in this article to provide a greater-than-Big-Short level analysis.
Harvard Business
NOVEMBER 21, 2018
pchyburrs/Getty Images. Health care practitioners have traditionally relied on clinical heuristics to select, encode and process information from the patient. When a patient is presenting with multiple and complex issues, these heuristics reduce the patient’s difficult question of “what’s wrong with me” to easier ones, such as “is this person presenting with depression”?
Johanna Rothman
NOVEMBER 21, 2018
When we manage product development for organizations, we work for hire. The company hires you, pays you a wage, and in return, your intellectual property belongs to them. When you’re creating a product larger than one person can create, this is an excellent proposition. While “one person” may have had the original idea, we need many people to refine the idea and bring that product to market.
The Fearless Marketer
NOVEMBER 19, 2018
As long as I can remember, music has always been important to me. And at the tender age of 10, I (and several million others), discovered The Beatles. That started my record collection. I especially remember Beatles ’65, Help, Rubber Soul, Revolver and Sgt. Peppers. But The Beatles (commonly called The White Album), was something quite special. It was released 50 years ago this week, but I vividly remember listening to it for the very first time – and it blowing my 16-year old mind.
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Tom Spencer
NOVEMBER 17, 2018
Artificial intelligence (AI) is no longer the stuff of science fiction. Stanford Professor Andrew Ng has stated that “AI is the new electricity”. [1] In other words, it is a technology that has the potential to completely transform every major industry. Similarly, Executive Chairman of Alphabet Eric Schmidt has declared that “we are in the process of inventing the equivalent of oil”. [2].
Harvard Business
NOVEMBER 21, 2018
Ricardo Lima/Getty Images. Many people believe that being a good manager only requires common sense, and that it is therefore easy to be one. If this were true, good managers would be commonplace at all levels of more organizations, and as a result, employee engagement and retention would be high. However, only 13% of workers worldwide are engaged at work , and employee turnover rates in the United States are at a 17-year high.
People Business Psychology
NOVEMBER 21, 2018
We often hear and read that leadership is crucial in business. In any business. Is this importance overstated? Having worked in the luxury-segment hotel industry, I subscribe to the idea that leaders have a strong influence of how, and how well, the workforce operates – especially in the hotel industry. Image courtesy and copyright of Lucknam Park Hotel & Spa, Wiltshire, UK (2018) Leaders not only influence how well their workforce (including several layers of leaders) do their work.
Chad Barr
NOVEMBER 21, 2018
Photo by: Chad Barr – My amazing grandkids. The British mathematician and philosopher Alfred North Whitehead wrote; “No one who achieves success does so without the help of others. The wise and confident acknowledge this help with gratitude.” As Thanksgiving approaches, I am keenly aware of the blessings of which I am surrounded both personally and professionally.
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Consultants' Consultant
NOVEMBER 20, 2018
Consultants Consultant: Shailendra Kumar is the author of Making Money out of data. It’s not an analytics book, it’s a business book. Shaily is a keynote speaker on data analytics. In this podcast he talks about the “everyone does analytics” phenomenon, the importance of articulating the business problem before anything else, and what makes a real data scientist. […].
Harvard Business
NOVEMBER 20, 2018
Danae Diaz/Getty Images. Benjamin Franklin knew he was smart — smarter than most of his peers — but he was also intelligent enough to understand that he couldn’t be right about everything. That’s why he said that whenever he was about to make an argument, he would open with something along the lines of, “I could be wrong, but…” Saying this put people at ease and helped them to take disagreements less personally.
CaseInterview.com
NOVEMBER 20, 2018
Today is my favorite holiday. Thanksgiving. On this day, I remind myself to give gratitude and appreciation for the many wonderful things in my life. I have a remarkable life. I am grateful to my parents for the many sacrifices they made to give me certain advantages in life. I am grateful to my friends who support, care, and love me every day. I am grateful to my children who have allowed me the greatest honor in my life. to be their dad.
Ben de Haldevang
NOVEMBER 22, 2018
A view from the Agile Gorilla on the challenges for acquirers who are looking at M&A as a strategic option. It turns out that those who are doing a ‘few’ have the most challenges, not necessarily those who are starting out in the world deals. As ever, I would appreciate your comments, thoughts and ideas. [link].
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
Leadership Planning with Liz Weber CMC
NOVEMBER 20, 2018
Being ‘disruptive’ in the professional world has become a trendy moniker for many. In the past few years, thinking, behaving and leading to disrupt has become the latest ‘in’ professional strategy to reinvigorate, innovate, or potentially save positions, teams, products, and organizations otherwise moving too slowly to stay relevant and viable. There’s nothing new to the idea of needing to innovate and change to stay relevant.
Harvard Business
NOVEMBER 20, 2018
clu/Getty Images. I’ve been using the sales funnel for 28 years, my whole career. This year, I retired the funnel — threw it a party, gave it a gold watch, and congratulated it on its move to a condo in Florida. It was the right thing to do. For one thing, in an era when trust in traditional sources has eroded — in government, media, and in companies and the marketing they employ — word-of-mouth from trusted peers wields greater clout than ever.
Consultants' Consultant
NOVEMBER 19, 2018
Consultants Consultant: Shailendra Kumar is the author of Making Money out of data. It’s not an analytics book, it’s a business book. Shaily is a keynote speaker on data analytics. In this podcast he talks about the “everyone does analytics” phenomenon the importance of articulating the business problem before anything else what makes a real data scientist.
Martinka Consulting
NOVEMBER 21, 2018
As part of Jessica’s training we are reviewing one chapter a week from Russell Robb’s book, Selling Middle Market Companies (which is really about selling non-micro but still small to mid-sized businesses). Chapter four had a few topics near and dear to me. It started with the topic of preparing a business for sale. He strongly said sellers should not take on any big, new projects or purchases (that will hurt short-term performance but has long-term potential).
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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