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What is the Professional Services Industry All About?

Progressus

Professional services is an expansive space spanning several industries – consulting firms, software publishers, IT service providers, even manufacturers and distributors that offer post-sale services — each with its own set of challenges, regulations, and opportunities.

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New Companies Benefit When Working With Consulting Services

Business Consulting Agency

They have experienced professionals with diverse backgrounds, skills, and industry insights. According to a survey by the Institute of Consulting, 96% of small businesses reported that consulting assistance added value to their operations. A key way new companies benefit from working with business consultants.

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Overcoming Business Challenges with Business Consultants

Business Consulting Agency

Market Expansion and Entry Challenges Expanding into new markets or entering a new industry presents unique challenges. Operational Efficiency and Process Improvement Streamlining operations and improving efficiency is essential for businesses to thrive. Overcoming business challenges is easier with expert support.

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Due Diligence by Management Consulting Firms

Tom Spencer

The investment bankers assess current and projected future cash flows to determine how much debt they can take on, service, and pay down. At the same time, management consultants will generally be brought in to look at the viability of the business, from a strategic and operational perspective.

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How Competition Is Driving AI’s Rapid Adoption

Harvard Business

At the industry level they include (a) the extent of AI diffusion in economies; (b) the build-up of corporate profit; and (c) labor market dynamics. It took more than 30 years for electricity to diffuse and enable industrial plant design that could generate significant productivity growth. A faster pace of adoption.

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Give Your Team the Freedom to Do the Work They Think Matters Most

Harvard Business

Operators set their work schedules and their vacations, design and monitor their own performance indicators, do their own maintenance, and are consulted on the choice of new machinery. According to a 2017 Gallup Employee Engagement survey, 33% of U.S. billion) in 2017 compared to €833 million in 2015.

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Small and Young Businesses Are Especially Vulnerable to Extreme Weather

Harvard Business

To better understand businesses’ financial preparation for and management of disasters, my colleagues and I partnered with the Federal Reserve Bank of New York to survey firms in the New York area one year after Hurricane Sandy. Our data include about 950 businesses.