Tom Spencer

FEBRUARY 11, 2022

In this short post, we will briefly explore how consulting firms work, the hierarchy within firms, the main types of firms, and a few ways to learn more about a particular firm as you chart your career path, prepare your applications, and get ready to matriculate into the consulting industry. How do Consulting Firms Work?

Operations 88

Operations Consulting Boston Consulting Group Industry 88

David A Fields

NOVEMBER 26, 2014

A question I was asked: Is this target definition too vague for my Fishing Line: “Vice presidents of product management or product marketing in B2B organizations that sell complex products and services to risk averse industries.” What is your answer to this consultant? Do you think his target is too vague?

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B2B Productivity Consulting Industry 150

Johanna Rothman

MARCH 14, 2024

Cutting overhead is definitely not personal—it’s all about how managers perceive an employee’s value. Industry expertise. The unsaid expectations of the industry in which you work. In product development, line jobs contribute to the products themselves, which means they contribute to revenue.

Agile 100

Agile How To Metrics Productivity 100

Epicflow

JUNE 22, 2022

Project Success Criteria: Definition and Importance. First off, let’s clear up the definition of project success criteria: they are “the standards by which the project will be judged at the end to decide whether or not it has been successful in the eyes of the stakeholders” [1]. investors, competitors, industry analysts, etc.).

Industry 52

Industry Productivity Management Meeting 52

Consulting Matters

MAY 13, 2021

Even though these people were in a different industry, they experienced the same challenges growing a business. He targeted clients by industry sector online, created avatars for marketing, and realized he was comfortable working with companies that turnover about 2-3 million pounds. Not finding your niche is a classic mistake!

How To 194

How To Methodologies Industry Sales 194

ConsultX

MARCH 8, 2022

A Traditional Consultant Let’s start by looking at the definition and role of a consultant. The definition of a Business Consultant Unsurprisingly, we would define a Business Consultant as a professional giving expert advice on Business to an organisation or individual.

Consulting 52

Consulting Operations Software Industry 52

Harvard Business

NOVEMBER 2, 2020

Before the pandemic, supply chain resiliency in most industries hadn’t been seriously tested, at least not to the extent that it has recently. Today, the definition of supply chain […]. According to a March survey conducted by the Institute for Supply Chain Management, nearly 75% of U.S.

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Survey Industry Report Company 58

Tom Spencer

FEBRUARY 16, 2024

Overall, effective leadership fosters long-term success in the consulting industry by improving a consultant’s capacity to produce results and maintain a reputation for excellence. The project leader or engagement manager might spearhead the problem definition process and assign entire sub-problems to the team.

Consulting 78

Consulting Leadership Financial Data 78

Management Consulted

DECEMBER 23, 2013

This book covers the consulting industry from the 1930s through 2009. You will be introduced to the founders of the consulting industry (Bruce Doolin Henderson, Bill Bain, James McKinsey, Marvin Bower, Michael Porter, Tom Peters, etc.) Advancements in technology most definitely affect every aspect of business in any industry.

Strategy 139

Strategy Strategy Strategy& Oliver Wyman 139

Johanna Rothman

MAY 4, 2021

What do “makers”—technical people—in any industry need to discuss? Definitely, the “best” kind of coffee or tea. These conversations definitely do not promote teamwork. I’m sure you heard about Google’s culture problems several years ago. The purpose of this product. The organization’s overall purpose.

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Culture Productivity Management Company 114

Tom Spencer

AUGUST 2, 2021

A constantly reoccurring conversation I have heard discussed about the management consulting industry is if the preference for talent is in favor of “ poets” (those that come from more of a humanities background) or “ quants” (those that come from more of a technical or hard sciences background).

Management 88

Management Consulting Tools System 88

Tom Spencer

OCTOBER 1, 2021

The recognition is definitely not baseless. Despite this rosy picture, it is apparent that the opulence and prestige of this distinguished group of firms derives both from their overly privileged market position and conflicts of interest embedded deep within the industry. PwC held the No. Today, the Big Four exemplify oligopoly.

Deloitte 88

Deloitte Accenture Financial Industry 88

Confessions of a Consultant

FEBRUARY 11, 2018

While there’s definitely comfort in pretending it’s never going to happen, this time around it seems a bit different. Perhaps some of the pushback against technology was spurned by Hollywood’s Terminators or Margaret Atwood novels about the worst possible human future societies.

Industry 40

Industry Conference Hotels Enterprise 40

CaseInterview.com

MAY 26, 2023

Management consulting is an industry that offers assistance with this kind of high-level decision-making and problem-solving. It’s not easy to come up with a simple definition of what we do. Consultants also have extensive knowledge in particular industries or topics. Let’s say your company is closing down a manufacturing plant.

Management 105

Management Consulting Bain Deloitte 105

Seth Godin Blog

AUGUST 2, 2021

They enabled industrialism, and the very fact that they have an ‘alarm’ built in is a clue. It’s definitely possible to put time to good use. You can watch the clock, but if you do, it’s watching you. Clocks have an agenda. They aren’t a part of the human condition–they’re fairly recent.

Industry 46

Industry 46

Melissa Agnes

AUGUST 3, 2016

But how should you go about doing this and does the definition of a crisis vary from company to company or from industry to industry? One of the very first steps in implementing a crisis-ready culture is to first define what a crisis is and means to your organization.

How To 56

How To Video Industry Culture 56

Tom Spencer

MAY 23, 2021

Management consultants generally have a lot more flexibility in their career transition, being sought after by various functions across industries. As a management consultant, I have had interview requests from tech, healthcare, and industrial companies for a wide range of roles. Work-life Balance.

Sales 68

Sales Management Consulting Development 68

Tom Spencer

FEBRUARY 1, 2020

HR consulting, together with strategy consulting, forms the smallest segment of the management consultancy industry, and the number of consultants active in this domain is, therefore, lower than those in other parts of the industry. For instance, financial consultants provide advice to organizations on financial matters. Conclusion.

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Consulting Operations Financial Real Estate 135

Tom Spencer

FEBRUARY 9, 2019

The industry and project knowledge took a bit longer to pick up, but any grasp on the content seemed to be received with congratulations. I definitely didn’t mind working late though – I loved my team and it eventually became the norm. There are definitely two ends of the spectrum though.

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Exercises Consulting Engineering Management 68

Markovitz Consulting

JANUARY 7, 2019

If something is “disruptive,” then it must by definition be good. Unfortunately, while pursuing industry disruption for a better share in the market, leaders are often oblivious to the disruptions that their personal actions and business practices create for their organizations.

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Operations Retail Resources Productivity 160

Tom Spencer

DECEMBER 19, 2020

There is no established definition of what identifies a consulting firm as boutique. Not all boutique firms generously share profits with junior consultants, but some definitely do. Boutique firms often focus on particular areas, be it a specialized function or industry. Defining Boutique. Career Growth.

Consulting 88

Consulting Cash Flow Financial Healthcare 88

Tom Spencer

MAY 23, 2021

The consultant may not get everything they ask for, but most generally end up with healthy personal time boundaries, sometimes even better hours than industry. Most experienced hires I encounter are fully aware that consulting is an industry where jumping from team to team is a regular occurrence. The Bottom Line.

Consulting 88

Consulting Engineering Industry Policies 88

Tom Spencer

SEPTEMBER 14, 2019

This holds especially true if the consulting firm you work for covers a variety of industries and functions. Many people join consulting to experience an array of industries and functions because they are unsure of what they really want to do. At the end of the day though, when first starting you career, don’t be so picky.

Consulting 60

Consulting Industry Talent Management 60

Asamby Consulting

DECEMBER 5, 2022

Major cost and expense types The major types of cost are Cost of goods sold (COGS, including some of the below) Staff cost (salaries) Cost of financing (interest rates) Offices and buildings Energy Marketing cost Depending on your industry, different types might be dominant. And how do you compare to your industry?

Small Business 52

Small Business Finance Industry Company 52

Steve Shu Consulting

DECEMBER 15, 2010

I am thankful for the clients I have, and they have challenged me to perform my best in a very diverse set of circumstances and industries over the past couple of years. As a consultant, 2010 has been an interesting year for me to reflect upon.

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Agile Analysis Consulting Leadership 247

Tom Spencer

JANUARY 8, 2022

Definition of experienced hire. Typically, experienced hires have 2+ years of experience working in an industry job or at another consulting firm, but they could also have over a decade of relevant experience if hired into the top level of a firm. Interview process and preparation. Experienced hire context. Conclusion.

Recruiting 88

Recruiting Recruitment Case Interview Consulting 88

Tom Spencer

MARCH 7, 2020

The lack of a clear definition may help to explain why, while considerable resources are being expended on leadership programs, only 43% of CEOs are confident that such programs are likely to succeed. However, even more so, the process has allowed me to build relationships with individuals in the consulting industry.

Leadership 88

Leadership McKinsey Consulting Resources 88

The Consultants Peer Group

SEPTEMBER 28, 2023

In the first of this series, I also presented an international definition of a management consultant shortened to read: – one who helps organizations through their knowledge and skills to provide objective advice the organization may be lacking.

Ethics 52

Ethics Consulting McKinsey Methodologies 52

LSA Global

NOVEMBER 2, 2023

Las Vegas Nevada Last month, insights from Best of Sales Conference Keynote Speakers representing various industry groups, including CEOs, CROs, business analysts, best-selling authors, and experts in sales technology were shared at the Green Valley Ranch Resort Spa. Best of Sales Conference Keynote Speakers: Sales 3.0

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Conference Sales Talent Culture 36

Ben de Haldevang

JUNE 7, 2023

The only part I struggled with (but got the point after re-reading it) is the one on “plasticity”, possibly because of the choice of words and the third definition by Merriam-Webster which in first reading seemed a little pedantic. But I landed on my feet shortly afterwards when you mention “agility”, “adaptability” and “responsiveness”!

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Case Interview Case Study Case Studies Guidelines 40

Effective Managers

JUNE 9, 2021

What’s more, even today, most of the industry activity is in North America and Europe. Despite that, the whole industry is still very large. Some research sources show the total spend approaching $US 1 trillion, but these take a very broad definition of consulting. The same is true for the management consulting industry.

Consulting 52

Consulting Enterprise Industry Leadership 52

Martinka Consulting

MAY 23, 2022

Looser definitions of EBITDA – as in the definitions are weakening. It’s an interesting time and all of us in the buy-sell & M&A industry expect 2022 to be an active year. With smaller businesses this is the blending of the business and personal checkbooks (and wanting the buyer and bank to believe it all).

Banking 40

Banking Small Business Finance Marketing 40

Consulting Matters

AUGUST 15, 2019

I’d been in the Hospitality, Meetings and Conventions industry for 28 years, and I helped several companies build and develop their corporate divisions, and then I did it for myself building my own company and then working for angel investors flipping underperforming businesses in meetings and conventions and hospitality.

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Interviews How To Meeting Industry 180

Tom Spencer

JUNE 27, 2013

Definitions. Management consulting is a difficult industry to break into, and we look forward to reading Ashley’s insights about the case interview process and other aspects of the consulting industry. Helpful Links. The Consulting Blog’s new editor. by Tom Spencer on June 27, 2013 · 0 comments.

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Consulting Case Interview Journal Interviews 118

Management Consulted

APRIL 9, 2017

If you’ve been around the management consulting industry for any amount of time at all, you know how different of a beast it really is to conquer than nearly any other industry. Unlike in industry, the application is not the first step of the process.

Cover Letters 113

Cover Letters Resumes Consulting Management 113

Tom Spencer

FEBRUARY 19, 2022

As work and non-work activities become increasingly blended, having a clear purpose and creating your own definition of work-life balance will be critical to a sustainable career. Industry and function specific learning will help you develop your consulting toolkit.

Energy 154

Energy Management Meeting Exercises 154

Tom Spencer

SEPTEMBER 6, 2021

In a nutshell, public sector consultancy is definitely a field worth thorough examination, not only due to its sheer size, but also as a potential entry-point to the industry, especially for those with social science and humanities degrees.

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Government Consulting Policies Benchmarking 88