Successful Independent Consulting

SEPTEMBER 16, 2017

I said I could do an assessment, strategy, and plan in three to four weeks and my rate was $225 an hour. It’s a matter of what they’re used to and their operating margins. For example, a grocery chain with a 2% operating margin is likely to be much more cost conscious than a medical device company with margins over 80%.

Consulting 236

Consulting Real Estate Policies Operations 236

Management Consulted

AUGUST 1, 2013

Oliver Wyman’s strategy consulting practice has made waves specifically in the financial services sector , and beyond as well. Now a subsidiary of Marsh & McLennan, Oliver Wyman is known to give MMC its strong reputation as experts over other insurance providers because of the firm’s focus on strategy.

Oliver Wyman 201

Oliver Wyman Interviews Mercer NERA Economic Consulting 201

Harvard Business

SEPTEMBER 6, 2017

Business-critical roles — that is, the jobs that are central to differentiating a company from its competitors and successfully executing its strategy — will also change. Take insurance, for example. In years past, an important source of competitive advantage for insurers was the ability to price risk better than rivals.

Company 142

Company Talent Engineering Insurance 142

Management Consulted

DECEMBER 16, 2008

3) Business knowledge – typically broad exposure across different topics like strategy, operations, organization and several areas where you’ll have expertise. This expertise may be as broad as “operations turnaround” and as specific as “benchmarking for insurance companies.”

Banking 272

Banking Consulting Boston Consulting Group Management 272

Harvard Business

NOVEMBER 6, 2018

Many have received unpleasant surprises, such as a medical bill they expected to be covered by their health insurance or an unexpectedly expensive bill for a simple service. Our estimates found health insurers and employers spend $26 more on administration fees for every consumer with low health system literacy. health care system.

System 123

System Insurance Insurance Education 123

Tom Spencer

OCTOBER 20, 2018

Insurance industry observers, for their part, believe that the innovative distributed ledger could introduce a variety of improvements and efficiencies to the insurance landscape, and have the following four applications: Fraud detection. Peer-to-peer insurance. Peer-to-Peer Insurance. Identity management.

Insurance 60

Insurance Insurance Financial Industry 60

Strategy+Business

JUNE 17, 2018

Before attempting to execute new strategies, insurance companies need to reevaluate every dimension of their operating model. Here are some recommendations.

Insurance 53

Insurance Insurance Industry Operations 53

Tom Spencer

OCTOBER 6, 2018

Digital disruption is touching every aspect of the consumer market, including the insurance industry. Traditionally, the insurance industry has lagged behind other sectors in the shift into digital technologies, its business model proving to be remarkably resilient. Artificial Intelligence.

Insurance 60

Insurance Insurance Case Study Case Studies 60

Tom Spencer

NOVEMBER 10, 2023

However, many people still struggle to grasp what exactly hedge funds are and how they operate. In this article, we will start to unravel the mysteries surrounding hedge funds, exploring their nature, workings, and the strategies they employ to generate profits. Directional Strategies 1.1

Strategy& 88

Strategy& Strategy Strategy Financial 88

Tom Spencer

JULY 22, 2013

List of Global Strategy Firms in 2013. BELOW is a hand-picked list of leading Global Strategy Firms. Maybe not, but seeing as Sydney is at the other end of the earth you would expect a truly global strategy firm to have an office there (if you want to see a list of purely Aussie strategy firms for 2013, click here ).

Oliver Wyman 83

Oliver Wyman Strategy& Strategy Strategy 83

Harvard Business

NOVEMBER 22, 2017

Why is one insurance company deep into an agile transformation while another is experimenting with it only at the edges of its business? For every company wrestling with evolutions in its strategy, success depends as much on matching the operating model to those evolutions as it does on the soundness of the strategy itself.

Strategy& 71

Strategy& Strategy Strategy Company 71

Clarity Consultants

SEPTEMBER 18, 2017

Many companies are already operating with lean staff, due to high attrition rates and not replacing staff, not to mention downsizing as a result of a difficult economy. Boston Consulting Group is another global management consulting firm that is a world leader in business strategy and professional development. Boston Consulting Group.

Training 165

Training Training Examples Boston Consulting Group 165

Kraft Kennedy

OCTOBER 30, 2024

Why Law Firms Are Embracing Application Rationalization An underrated operational advantage, Application Rationalization addresses an inefficiency common across law firms. If your firm’s operational maturity goals include any of the below, keep reading. All About The Apps!

Software 52

Software Tools Comparison Operations 52

Successful Independent Consulting

APRIL 2, 2018

Note, while this is true in more established areas like supply-chain expertise, the reverse may be true when it comes to new areas like social media strategy or bitcoin mining. ;-) Years of experience in consulting — Consultants just starting out are unproven in the market and can’t charge as much. Pedigree matters.

Consulting 199

Consulting How To Marketing Deloitte 199

Tom Spencer

MAY 15, 2014

The definitive 2014 List of Strategy Consulting Firms in Sydney. Below is our 2014 list of strategy consulting firms in Sydney. This list will be of interest to you if you live in Sydney (or you would like to live in Sydney), and: you want to become a strategy consultant, or. Pacific Strategy Partners. Source: Flickr ).

Oliver Wyman 76

Oliver Wyman Strategy& Strategy Strategy 76

Management Consulted

APRIL 2, 2017

Strategy& (PwC). Ask any consultant about the Middle East, and Booz (now Strategy&) will be the first name on their lips! A little later, Booz was acquired by PwC and rebranded as Strategy& Now that our little history lesson is complete, let’s continue. Here we go! McKinsey & Company. McKinsey at #4?

Oliver Wyman 160

Oliver Wyman Consulting Deloitte Real Estate 160

Harvard Business

NOVEMBER 29, 2018

A core challenge of management is to ensure that the organization’s priorities, strategies, and metrics are consistently embraced and that any impediments are identified and addressed quickly. It connects to the organization’s overall strategy and performance goals. CAPTION TEXT HERE/Getty Images.

System 130

System Healthcare Metrics Report 130

Tom Spencer

JUNE 9, 2023

In the digital age, businesses are constantly seeking innovative ways to gain a competitive edge and streamline their operations. From enhancing customer experiences to optimizing decision-making processes, AI is reshaping the way businesses operate and opening up new possibilities for growth.

Data 147

Data Operations Efficiency System 147

MishTalk

FEBRUARY 27, 2014

Even so, maritime companies, insurers, engineers, labor unions and regulators doubt unmanned ships could be safe and cost-effective any time soon. Crew costs of $3,299 a day account for about 44 percent of total operating expenses for a large container ship, according to Moore Stephens LLP, an industry accountant and consultant.

Insurance 66

Insurance Insurance Banking Construction 66

Consultant Ninja

JULY 27, 2009

Structural Driver: The organizations in the health care system operate inefficient operational structures. I fail to see the logic that the government will be more efficient at building operational structures than the private sector. the ability for insurers to deny insured individuals healthcare). at 8:21 PM.

Consulting 113

Consulting Insurance Insurance Oliver Wyman 113

Harvard Business

OCTOBER 22, 2018

María Luisa: Our businesses were able to operate immediately after Maria because we planned for redundancy — generators, diesel, tech infrastructure. We didn’t know if we had enough diesel to operate. None of our businesses stopped running, but the moment we were able to be fully operational was a big deal.

Media 124

Media Company Real Estate Advertising 124

Harvard Business

JUNE 29, 2016

No strategy is static. The multiplying possibilities of drone-based data could inspire across-the-board alterations in data gathering strategies, particularly if such changes lead to cost savings, improved safety, and enhanced analytics. Insight Center. How Digital Business Models Are Changing. Sponsored by Accenture.

Company 125

Company Data Analysis Industry 125

Strategy+Business

JANUARY 7, 2018

Insurers that hope to thrive in this market must take proactive measures to turn the compliance function into a competitive edge. Too often, when it comes to compliance, leadership isn't completely aligned, operations aren't responsive, and the proper incentives aren't in place.

Insurance 26

Insurance Insurance Culture Operations 26

Harvard Business

OCTOBER 27, 2017

Organizational culture is complex, and it can play a powerful — and sometimes destructive — role that is too often overlooked when new strategies are devised and launched. In a new global survey by the Economist Intelligence Unit (EIU), the most frequently cited barrier to implementing strategy was culture.

Culture 71

Culture Strategy& Strategy Strategy 71

Management Consulted

OCTOBER 18, 2013

Recognizing client’s needs for help managing IT operations and resources, IBM Vice President Robert M. During this same year, IBM introduced Business Recovery Services as a formal business offering for customers, enabling them to continue operations in the event of an unplanned outage or disaster. Operations and Supply Chain.

IBM GBS 203

IBM GBS Interviews Consulting Case Interview 203

Harvard Business

JANUARY 12, 2018

Corporate strategy is complex, and the advice is expensive. This makes corporate strategy an enormous and untapped prize for “robos” and “AI-enabled” expert advice across the entire enterprise; this market is ripe for disruption much the way the financial investing industry was in 2008.

Strategy& 72

Strategy& Strategy Strategy Consulting 72

Harvard Business

JULY 5, 2017

And when misclassification is adopted as a business strategy by some companies, it quickly undermines other, more responsible employers who face costs disadvantages arising from compliance with labor standards and responsibilities. As a result, the practice reduces funding to those social insurance systems.

Case Interview 134

Case Interview Government Insurance Insurance 134

Tom Spencer

JUNE 30, 2023

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance.

Banking 78

Banking Management Real Estate Insurance 78

Harvard Business

NOVEMBER 20, 2017

Executives say that they lose 40% of their strategy’s potential value to breakdowns in execution. In our experience at Bain & Company, however, this strategy-to-performance gap is rarely the result of shortcomings in implementation; it is because the plans are flawed from the start. Take Dell Technologies, for example.

Strategy& 71

Strategy& Strategy Strategy Company 71

Harvard Business

JULY 19, 2017

Digital transformation requires a new approach to strategy. A key tenet of digital transformation is the understanding that digital strategy no longer plays a supporting role for business strategy. Financial services and insurance offer good examples of this shift. Implementing a digital-first strategy.

Enterprise 71

Enterprise Insurance Insurance Agile 71

BCG

DECEMBER 15, 2016

Article Thursday, December 15, 2016 Life insurers are feeling the squeeze. In their efforts to adapt to this upside-down world, life insurers are focusing on optimizing their investment strategies and operations. The industry’s overall business growth has stalled, and investment income has become a critical mainstay.

Insurance 40

Insurance Insurance Cash Flow Management 40

Harvard Business

OCTOBER 5, 2016

As a result, companies continue to misjudge which cybersecurity capabilities they should prioritize and often obtain insufficient cybersecurity insurance protection. It’s essential that companies develop the capability to quantify their cyber risk exposure in order to form strategies to mitigate that risk.

Insurance 107

Insurance Insurance Data Operations 107

Harvard Business

APRIL 26, 2017

And our analysis suggests there are strategies that they can use to compete successfully online. These low-cost and reliable sources of funds are from taxpayer-insured deposits and the Federal Reserve’s discount window. This amounts to putting a toe in the water, while keeping current operations relatively separate and pristine.

Banking 133

Banking Small Business Oliver Wyman Retail 133

MishTalk

NOVEMBER 19, 2013

It seems that 30-40% of Healthcare.Gov is not built yet according to Henry Chao, CIO of the Centers for Medicare and Medicaid Services, the federal agency that operates HealthCare.gov. He testified that the consumer interface part of that website, which enrolls people in Obamacare insurance plans, is totally built.

Insurance 71

Insurance Insurance Healthcare Tools 71

Tom Spencer

MAY 18, 2019

These asset classes can include public equities/stocks, fixed income/bonds, money markets, commodities, infrastructure, real estate and alternative strategies – including hedge funds, private equity and venture capital. Operating Margins. As a general rule, higher AUM means a better operating margin for traditional asset managers.

Industry 113

Industry Real Estate Management Retail 113

IMC USA

MAY 22, 2012

Do you need a fresh perspective to help expand your operations? Advisory boards focus on "big picture” issues--such as compensation, market strategy, and succession planning--rather than day-to-day operational difficulties. Like most business improvement strategies, advisory boards come with risks and challenges.

Knowledge Base 100

Knowledge Base Operations Insurance Insurance 100

Harvard Business

SEPTEMBER 21, 2018

This isn’t all that surprising given the level of innovation activity in these sectors, but directors operating in similarly disrupted sectors should take note. Instead, boards typically looked for expertise in their firms’ industry (51%), strategy (34%), and financials (30%). Again, we found differences among industries.

Telecommunications 126

Telecommunications Survey Biotechnology Industry 126