Remove Article Remove Benchmarking Remove Operations Remove Training
article thumbnail

Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

This article explains how to determine your “base rate”, and the external factors that will impact your pricing. Links to articles on how to raise your rate or switch to a fixed fee are at the end of this one.) Or did you learn on the job as an internal resource with a company, and if so, did you have access to formal training?

article thumbnail

Evaluating ROI on Your Company’s Learning and Development Initiatives

Harvard Business

Leaders can use an approach called balanced benchmarking, borrowed from operations management, to conduct a needs assessment and apply training where it can be most effective. The author explains how this approach was applied at a firm in the legal services industry and offers five strategies for implementation.

ROI 61
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

The tactics in this article will help if you bill by the hour or by the day. There are other ways to bill for your talent and expertise but those will be covered in another article. Benchmark so you know your rate is reasonable. It’s a matter of what they’re used to and their operating margins.

article thumbnail

Effective Governance: Overcoming Bias and Inertia

Tom Spencer

In this article, we will delve into the heart of these challenges and provide actionable tips to overcome them. By leveraging data analytics, organizations can gain valuable insights into market trends, customer preferences, and internal operations, and thus empower decision-makers to make informed choices.

article thumbnail

Brews, News and Booz & Company: Interview and Culture Insights

Management Consulted

Early on, he wrote many articles about his real passion of “taking the measure” on business problems. The firm sold a majority stake in the US government business for $2.45B to the Carlyle Group (Booz Allen Hamilton) and Booz & Company, owned and operated as a partnership, assumed the commercial strategy role. Program Management.

article thumbnail

4 Ways Leaders Can Get More from Their Company’s Innovation Efforts

Harvard Business

Another pervasive reason is that senior executives are trained as operators, not innovators. And there’s a fundamental conflict between innovation and optimizing an existing operation. To close the gap, we need to treat innovation differently than we do normal operations. Here are four things leaders can do.

ROI 28
article thumbnail

When It Pays to Collaborate with Competitors at Work

Harvard Business

For instance, Doug shared some new concepts for transforming an insurmountable checklist of requirements into manageable benchmarks and priorities, which he had developed after conducting a comprehensive review of his company’s operations. He also shared supply discipline systems that reduced common inefficiencies.