Remove Efficiency Remove Financial Remove Strategy Development
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Real-World Examples of AI in Management Consulting

Tom Spencer

This article will explore some of the most notable examples of AI in consulting, including its use in market research, strategy development, and operational optimisation. These insights can help consultants to develop effective marketing campaigns, and to personalize messages targeted towards specific segments of the market.

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AI in Consulting: The Beginning of a New Era

Tom Spencer

For example, in the financial industry, AI can be used to detect fraud, predict stock prices, and manage risk. In manufacturing, AI can be used to optimise supply chains, increase the efficiency of production processes, and predict equipment failures. AI systems are only as good as the data they are trained on.

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How the Very Best Strategists Decide

Harvard Business

We implicitly assert that everything is locked in except for what we will do, and so we ask this simple, efficient question: “What should we do?” The problem was that their strategy development and internal reviews, like those in many companies, didn’t account for competitive dynamics. It drives toward closure.

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The 3 Company Crises Boards Should Watch For

Harvard Business

Another CEO used prodigious management skills to successfully consolidate, grow, and dramatically increase the efficiency of a vertically integrated industrial company. To support a change in strategy from efficiency-driven to innovation-driven growth, the company acquired another company to be its innovation engine.

Company 70
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Designing Strategic Organizations: The New Work of Executives and HR (Kesler and Kates, People & Strategy, 2010)

Kates Kesler

Business strategies and organizational forms are more complex than ever for a number of reasons: Global expansion and the reality of competing with ever more sophisticated local players. Efficiency pressures to increase volume, reach and capability without adding overhead expense. Innovation in process as well as product.

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PricewaterhouseCoopers, LLP

Management Consulted

and status of financial commitments – commitments like sales orders, purchase orders, payroll, inventory, shipping, and taxes. In 1999-2000, PwC decided to have MCS disengage with current audit clients and did not selling financial systems design and implementation services. Something had to be done, and quickly.