Successful Independent Consulting

OCTOBER 27, 2023

Factors that Impact Your Base Rate The 2x-3x estimate will give you a rough idea, but tweak your numbers up or down based on the following factors: Pedigree: Did you learn your craft at a consulting firm with formal training, such as Deloitte or Bain & Company? I did this successfully for years.

Consulting 393

Consulting Intellectual Property Deloitte Benchmarking 393

Epicflow

OCTOBER 4, 2024

Risks related to advanced technology use Even though manufacturers implement the latest technologies to increase operational efficiency, these technologies may pose additional risks. For example, the employees may take more time to get a handle on new equipment or digital tools. For example, the manufacturing industry in the U.S.

Management 147

Management Resources Software Productivity 147

Effective Managers

JUNE 24, 2024

Examining Practical Applications of Artificial Intelligence (AI) in Improving Business Processes Leveraging AI into business operations has become a transformative force across various industries. AI in Streamlining Operations AI technology has made significant strides in optimizing operational efficiency.

Ethics 243

Ethics Efficiency Operations ROI 243

Clarity Consultants

FEBRUARY 9, 2025

Strong project management skills are essential for L&D specialists to effectively plan, coordinate, and execute initiatives, ensuring all aspects of training programs are organized and aligned with business goals. Some examples of relevant KPIs include: Revenue growth: Track changes in overall revenue or revenue per employee over time.

Metrics 147

Metrics ROI Training Training 147

Clarity Consultants

OCTOBER 3, 2021

Most companies had to pivot without much notice, ensuring they could adjust to new rules regarding how organizations were (or weren’t) allowed to open and operate during the pandemic. Similarly, offering training focused on the execution of various crisis management plans is wise. Do You Need to Refresh Your Crisis Management Training?

Financial 264

Financial Industry Management Guidelines 264

Harvard Business

OCTOBER 17, 2018

Even though medical institutions have designated “leadership” as a core medical competency , leadership skills are rarely taught and reinforced across the continuum of medical training. In medicine, physicians not only begin managing and directing teams early in their careers, but they rise through the ranks uniformly.

Training 132

Training Training Leadership Healthcare 132

Tom Spencer

MARCH 28, 2025

And its transforming how businesses operate. These models are trained on massive datasets comprising books, articles, websites, and other textual sources. They even appear to demonstrate understanding and reasoning skills, which emerges from the interaction of complex probability distributions learned from their training data.

Productivity 88

Productivity McKinsey Data Training 88

Clarity Consultants

SEPTEMBER 7, 2017

Online training offers a wealth of opportunity for learners and trainers alike. It provides deep resources and easy access to corporate training that companies have quickly found great value in. Here are 3 instructional design models that have proven to operate well in the modern age of online training courses.

Training 133

Training Training Knowledge Base Case Studies 133

Harvard Business

AUGUST 3, 2017

When it comes to creating a more data-and-analytics-driven workforce, many companies make the mistake of conflating analytics training with data adoption. While training is indeed critical, having an adoption plan in place is even more essential. For example: Why do we analyze data? Build certification into your training.

Training 129

Training Training Data Agile 129

Harvard Business

FEBRUARY 14, 2017

The United States has thousands of workforce development and training programs, run by the public, social, and private sectors. Yet workplace training is more necessary than ever, as technology and globalization continue to change the types of jobs that are available. Here’s an example. That lack of knowledge is costly.

Metrics 131

Metrics Training Training Data 131

Harvard Business

JUNE 7, 2017

This kind of learning does not occur in a training room; it occurs on the job, in the day-to-day work environment. We did find some intriguing examples of companies that have introduced interesting elements into the work environment to accelerate learning.

Operations 134

Operations Efficiency Productivity Examples 134

Tom Spencer

NOVEMBER 8, 2024

My career path has taken me through consulting, joining a startup and becoming an operator, and then returning to consulting at an MBB firm. Training and Development MBB firms invest heavily in the training and development of their consultants. Why choose an MBB consulting firm? Three main reasons.

McKinsey 78

McKinsey Methodologies Transportation Bain 78

Harvard Business

DECEMBER 15, 2017

And they receive little on-the-job training to develop skills such as how to allocate short- and long-term resources, how to provide developmental feedback, or how to effectively handle conflict – leadership skills needed to run a vibrant business. Consider the example of Sound Physicians. Yet most doctors in the U.S.

Training 134

Training Training Management Healthcare 134

Tom Spencer

OCTOBER 25, 2024

This article delves into the rising importance of ESG metrics, how companies are integrating them into their operations, provides leading examples, and highlights the evolving regulatory landscape. Leading Examples Several multinational companies are leading the way in integrating ESG metrics into their business practices.

Metrics 78

Metrics Ethics Government Financial 78

Tom Spencer

OCTOBER 25, 2024

By reducing the time spent on mundane tasks, small businesses can allocate resources more effectively to increase productive capacity by enhancing productivity and scaling operations, increase consumer demand by refining product offerings, and develop other competitive advantages. AI tools can also revolutionise customer service.

Small Business 78

Small Business Data Efficiency Tools 78

Successful Independent Consulting

APRIL 2, 2018

Was it at a big firm with formal training (for example Deloitte, Bain & Company) or did you learn on the job as an internal resource with a company? If the latter, was it a company that provided access to training like General Electric, or a small to midsize firm? Example: Important note: this is just a rough idea!

Consulting 199

Consulting How To Marketing Deloitte 199

Tom Spencer

JULY 28, 2023

Consulting firms play a crucial role in guiding businesses through the integration of AI-powered renewables into their operations. Consulting Services to Facilitate AI-Powered Clean Tech Consulting firms specializing in clean tech can offer invaluable support to companies aiming to integrate AI-powered renewables into their operations.

Operations 78

Operations Energy Data System 78

Successful Independent Consulting

SEPTEMBER 16, 2017

Although rate information is a closely guarded secret, based on my 20 years in the industry here are very rough ballpark numbers for “management consulting” (not IT consulting, project management, training development, etc.). It’s a matter of what they’re used to and their operating margins. Figure out your market rate.

Consulting 236

Consulting Real Estate Policies Operations 236

LSA Global

JANUARY 22, 2025

We know from people manager assessment center data and new manager training participants that a teams potential is rooted in its ability to collaborate effectively, innovate consistently, and adapt to changing circumstances. Examples include basketball, football, and soccer teams. Because they can divide and conquer their tasks.

Management 68

Management How To Construction Training 68

Management Consulted

JULY 22, 2013

From the variety of work and access to C-level executives to the wide array of exit opportunities, strategy operations consulting far surpassed financial advisory consulting as our recommended career to pursue. Find it here: 5 reasons to choose strategy operations over financial advisory consulting. Missed part one? Well…sure.

Financial 194

Financial Consulting Strategy Strategy 194

Tom Spencer

NOVEMBER 15, 2024

For example, a wearable ECG monitor can detect irregular heart rhythms and alert both the patient and their healthcare provider, potentially preventing a serious cardiac event. Big data analytics is also being used to optimize hospital operations, such as reducing wait times and improving resource allocation.

Healthcare 78

Healthcare Data Trends Efficiency 78

Effective Managers

JUNE 24, 2024

Examining Practical Applications of Artificial Intelligence (AI) in Improving Business Processes Leveraging AI into business operations has become a transformative force across various industries. AI in Streamlining Operations AI technology has made significant strides in optimizing operational efficiency.

Ethics 130

Ethics Efficiency Operations ROI 130

Harvard Business

JULY 6, 2017

But our experience shows that achieving this requires planning and training prior to launch, as well as good communication and rapid learning in space. Training crew members to manage their care. Before launch, all astronauts are trained to use the medical assets that will be on board.

Exercises 131

Exercises Operations Training Training 131

Harvard Business

JULY 25, 2017

For many low-wage workers in India, basic skills training can be the difference between economic empowerment and persistent poverty. In July 2013 we implemented a randomized controlled trial in five factory units in Bangalore operated by Shahi Exports Pvt. PACE-trained workers displayed higher self-regard and sociability.

Company 125

Company Training Training Study 125

Steve Shu Consulting

OCTOBER 8, 2017

Management consulting projects can span diverse areas from operational to finance to marketing to strategy to IT management, etc. An MBA training provide consultants with some minimum common business language, culture, methodologies, and skills that they can use in the field. Are there other models?

Management 150

Management Consulting Methodologies McKinsey 150

Harvard Business

AUGUST 8, 2018

The company has also hired hundreds of workers to revamp production processes, train (and retrain) the robots, and swap them out when needed, among other tasks. How companies are using artificial intelligence in their business operations. Some Training Required. To be precise, my mistake. Adding Humans to the Mix.

Engineering 129

Engineering Training Training Analysis 129

Harvard Business

JULY 9, 2018

But it’s particularly difficult for large, traditional firms , especially those which operate in consolidated, non-growth industries (think pulp and paper, steel, airlines) and which are often located away from the metropolitan areas where data scientists live.

Talent 115

Talent Recruiting Recruitment Boston Consulting Group 115

Markovitz Consulting

DECEMBER 17, 2018

Smalley starts with the hoariest example of root cause problem solving: the machine tool that stops working because of insufficient lubrication. This is the classic example that probably every consultant has used to demonstrate the 5-Why approach to finding root cause. Of course, this led to significant down time. Type 4: Open-ended.

Tools 150

Tools Operations Examples Analysis 150

Harvard Business

OCTOBER 9, 2017

Subordinates at work may depend on supervisors for promotions, raises, training, and high-profile assignments. Subordinates can change the power dynamics by engaging in two types of power-balancing operations. We examined abusive supervision and the influence of these power-balancing operations in two field studies.

Research 176

Research Real Estate Study Resources 176

Chad Barr

JANUARY 8, 2025

” This is not just a tech milestone—it’s a harbinger of a seismic shift in how businesses operate, innovate, and grow. The Metaphor: The Singularity as a Runaway Train Think of this transformation like a runaway train. At first, the train is slow, its path predictable. The AI train is picking up speed.

Trends 52

Trends eBook Training Training 52

Harvard Business

APRIL 23, 2018

Take for example a UK food delivery service that I’ve studied. After meeting with consultants at PricewaterhouseCoopers and some training, the management team tried a new format for its weekly performance meetings with the drivers. For example, one of the Shanghai branches was inside of a shopping mall. The new approach?

Leadership 164

Leadership PricewaterhouseCoopers Banking Examples 164

Management Consulted

OCTOBER 18, 2013

Recognizing client’s needs for help managing IT operations and resources, IBM Vice President Robert M. Those divisions are IT Services, Global Business Services, Outsourcing Services, Training, and Additional Services – because it’s super clear to have an amorphous Additional Services bucket, right? Finance Risk.

IBM GBS 203

IBM GBS Interviews Consulting Case Interview 203

Epicflow

APRIL 6, 2022

The technology allows A&D organizations to transform their manufacturing processes, improve safety, optimize customer service, system management, and, of course, transform military operations. For example, they may be using aircraft for a couple of decades, and some parts of it need to be replaced. Training personnel. .

Trends 130

Trends Industry Engineering Training 130

Halo Psych

OCTOBER 25, 2024

Example: Grab a key stakeholder’s attention, “Just got this information today. Example: Use peer power to get people on board. Example: Get people to sign up to an initiative in writing, sharing the commitments publicly. Example: Don’t assume your expertise is self-evident. Praise: Charm and disarm.

Journal 64

Journal Research Examples Leadership 64

Harvard Business

OCTOBER 5, 2018

Prediction is the Holy Grail for more effectively executing mass scale operations in marketing, financial risk, fraud detection, and beyond. For example, the model could take as input everything currently known about an individual customer and produce as output the probability that that individual will cancel their subscription.

Data 127

Data Software Operations Tools 127

People Business Psychology

DECEMBER 5, 2024

Trust the values Organisations list their values because they feel it is important to distinguish themselves and describe themselves; values may give direction to how organisations operate and how they are guided by these principles. This can be achieved through workshops, training sessions, and open communication channels.

How To 52

How To Culture Pharmaceuticals Guidelines 52

Harvard Business

NOVEMBER 29, 2018

In this article, I’d like to share the insights we’ve gleaned from the model’s first full year of operation, which hopefully organizations in health care and many other industries will find useful. Another example is how the huddles allowed us to better track caregiver injuries and patient safety issues.

System 130

System Healthcare Metrics Report 130