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Surviving in a Procyclical Industry

Tom Spencer

Management consulting is a service industry that earns its keep by serving large organisations – corporate, non-profit and government. During economic downturns these prospective clients typically have less money, or more uncertain cash flows, and so are less likely to spend money on consulting services.

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7 Critical Success Factors for Project Based Firms to Consider in 2024

Progressus

It prevents you from generating reliable cash-flow forecasts and makes it incredibly difficult to manage resources. Are compliance/governance rules working? This leads to poor visibility, inefficient processes, and, worst of all, inaccurate data. Bad data, in turn, leads to inaccurate timelines, estimates, budgets.

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