September, 2015

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Inbound vs. Outbound Messages. The Critical Difference That Trips Up Consultants

David A Fields

In the past week I’ve reviewed four presentations from consultants who want me to recommend their offering to my corporate clients. Not one of them made the grade. Why? They used Inbound messages for an Outbound inquiry. If you’re a consultant, you need to know the difference. When your message and the direction of inquiry aren’t in sync, the fallout extends beyond the immediate conversation.

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Management Consulted featured in Forbes!

Management Consulted

We get it, one of the biggest draws to the land of consulting is the potential to make a pretty penny while doing interesting work. The thing is, Consultant salaries are shrouded in mystery unless you’re one of the privileged few on the inside. Luckily for you, here at Management Consulted we’re peeling back the curtain so you can see all the goodness for yourselves.

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McKinsey 7 S Model

Tom Spencer

(Source: Flickr ). While you may not directly use the 7 S Model in the consulting case interview, it will give you a deeper understanding of how to examine the inner workings of an organisation, identify strengths and sources of competitive advantage, as well as weaknesses and reasons why an organisation may not be operating effectively. The 7 S Model can also provide a guide for organisational change.

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A 2nd Chance

Chad Barr

This week’s reflection point: This is the time of year when I celebrate the Jewish New Year and the days of Awe. Today is Yom Kippur, (Day of Atonement), the holiest of days. It is the day that we ask for forgiveness for past wrong doings, to our family and friends, and we are also given the chance to reflect on our past year, and how we may improve in the future–perhaps a second chance.

Meeting 52
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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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Transformation with Speed: How to accelerate to the future state

Kates Kesler

We coach our clients to take a thoughtful approach to design work and do believe that time spent up front involving people in shaping the future organization accelerates implementation. However, once a new framework is set and the leader announces the change, then speed is critical. The “gray period” is the time of ambiguity between the announcement that the organization will change through when the new organization is up and running.

How To 50

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What’s the Best Time to Make Outreach Calls?

David A Fields

Over the weekend, a consultant emailed me this question: When are the most effective times/days for calling prospects? Are there days of the week that are more or less effective than others? I want to balance convenience for myself with ability to reach executives. I would love to take Friday off, but I suspect that execs may be more willing to accept a call on Friday.

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Job Hub: Georgia-Pacific Jobs and Culture

Management Consulted

Today we highlight tremendous business analyst and post-consulting leadership jobs at Georgia-Pacific. Georgia-Pacific is an Atlanta-based pulp and paper company with an 88-year history as an industry leader. Enjoy! ———— History & Culture. From humble beginnings in one small building to over 300 locations around the world, Georgia-Pacific has experienced almost a century of incredible growth.

Culture 109
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Creation vs Appropriation

Tom Spencer

(Source: Flickr ). What do the painter, the author and the tech entrepreneur all have in common? They are all in the business of creation ; producing new works for the benefit of their target audience. And what about the professional gambler or the Wall Street prop trader? They are both in the business of appropriation ; placing calculated bets in order to appropriate more of what already exists in their direction.

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Beyond Content: It’s Time for Experiential Marketing

Chad Barr

This week’s reflection point: It’s widely known that content marketing is critical to business success. But in this day and age, creating valuable, relevant content for your target audience isn’t the only marketing strategy you need. You must also give your audience an authentic experience—and you can do this with experiential marketing.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Transformation with Speed: How to accelerate to the future state

Kates Kesler

We coach our clients to take a thoughtful approach to design work and do believe that time spent up front involving people in shaping the future organization accelerates implementation. However, once a new framework is set and the leader announces the change, then speed is critical. The “gray period” is the time of ambiguity between the announcement that the organization will change through when the new organization is up and running.

How To 50
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How Career Women Can Increase Impact, Influence and Income

Henry DeVries

Back in March Walt Disney Studios released “Cinderella,” a live-action version of a 1950 Disney classic. This Hollywood reboot, which did boffo at the box office, is an updated retelling of a story that I think does more harm than good to young women. This is a classic underdog story; [.

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Are There Any Good Reasons to Take Subcontracting Work?

David A Fields

A consultant asked me the following question: Other than keeping my business afloat in lean times (what I think you call “bread & butter” business), are there any good reasons to take subcontracting work? Here is the answer I gave the consultant: There are at least three reasons to take sub-contracting gigs beyond their value as bread & butter: 1) to learn a valuable new skill that you’ll be able to leverage to grow your own practice; 2) to work on a marquee client that you can then publ

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London School of Economics Postgrad Talks About Life At Deloitte

Management Consulted

We recently chatted with Peter Woo, a graduate from the London School of Economics, to talk about his journey into consulting and life at Deloitte. He took an interesting pathway to get into consulting, and he dishes great info about what it was like to break in – and how life REALLY is on the inside. Jenny Rae : Before we begin, I just want to saw how great it is to talk to you today.

Deloitte 116
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Savings Consultants Are Needed in Today's Market More Than Ever

Savings Consultants are needed in today’s market more than ever. With an increase in expenses, businesses are looking for opportunities to save. Often unknown to businesses are savings in expense reduction, specialized tax savings, specialized savings including medical underpayments, health benefits cost reduction, zero cost processing, and more. Blue Coast Savings, with over 20 years in business, assists Savings Consultants in helping these companies move toward more profitable businesses.

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BCG Growth/Share Matrix

Tom Spencer

(Source: Flickr ). While it may not be a core framework for solving consulting case questions, the BCG Growth Share Matrix can help to broaden your understanding of how a company might want to allocate cash between products and business units. The framework is based on the idea that the amount of cash a product uses is proportional to the rate of growth of that product in the market, and the generation of cash is a function of market share.

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The Upgrade Went Backwards

Martinka Consulting

I’m a fan of Microsoft products. I use Office and think it’s great. They’ve been a huge supporter of my Rotary computer projects as they’ve donated equipment, we get software and an almost-free price, etc. However, they recently upgraded to Office 2016 and it’s taken a few steps backwards, at least with Word. While they’ve added some nice, timesaving features, in just a few weeks I’ve found a number of features, which I regularly use, to be missing.

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How are retailers responding to mobile shopping?

freshminds

There's no denying it – consumer habits are changing with the digital age. Since smartphones have become the norm, almost all of us have the internet in our pocket at all times of day. and with that comes the irresistible temptation to check our emails, update our social media pages and surf the web. In 2015, 65% of the global population is using mobile phones, and last year 1.25 billion smartphones were sold across the world.

Retail 40
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Two Good Questions

Leadership Planning with Liz Weber CMC

I'm currently reading Tough Man, Tender Chicken - Business & Life Lessons from Frank Perdue written by his widow, Mitzi Perdue. It's an admittedly biased, but enjoyable and educational biography of the infamous Frank Perdue. His insatiable need to learn and identify ways to continue to provide the highest quality product come through time and again -- as does his skill at asking the right questions.

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TOOLS and METHODOLOGIES for developing DECISION SUPPORT PACKAGES

This White Paper targets opportunities for Management to develop proficiency in the Decision Framing and Analyses element of input to Decision, & Risk Analyses for Major Project Funding Decisions.

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More Money, Less Effort: 6 Ways Consultants Can Create Leverage

David A Fields

There are two parts of the Consultant Wealth picture: your Revenue Truth and your Leverage Truth. I tend to write about the revenue side. And food. Because, well, selling consulting projects is groovy and I live for umami. But once you’re proficient at landing clients, lack of leverage can put a stranglehold on your success. Consultants tied up in an engagement often neglect their business development duties.

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Altman Vilandrie: Interviews and Culture

Management Consulted

ALTMAN VILANDRIE CONSULTING. Welcome back to another one of our firm profiles! Today we’re going to taking a look at Altman Vilandrie, a boutique firm based out of Boston, MA. Formed in 2002, the firm focuses all of their attention on 3 key sectors: telecom, media and technology (TMT). They describe themselves as “a unique, pure play communications and media strategy consulting group” and it seems as though they may be right about themselves.

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Proven vs Actionable

Tom Spencer

You don’t always need proof that a threat exists in order to take action. You don’t need to know everything, you just need to know enough to get moving. In behavioural economics the common human bias towards doing nothing is called the “status quo bias” Faced with a difficult decision in the midst of uncertainty, people prefer to delay.

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Getting Old, Getting Stagnant, and That’s Trouble

Martinka Consulting

The July 29, 2015 edition of the Wall Street Journal featured an article titled, “The Cost of Germany’s Graying Managers.” The subtitle was: “At small businesses led by older bosses concerns are raised about stalled investments, succession.” In my books, If They Can Sell Pet Rocks Why Can’t You Sell Your Business (For What You Want)?

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Why You Need to Use Case Studies in Sales and Marketing (and How to Start Now)

Case studies are proof of successful client relations and a verifiable product or service. They persuade buyers by highlighting your customers' experiences with your company and its solution. In sales, case studies are crucial pieces of content that can be tailored to prospects' pain points and used throughout the buyer's journey. In marketing, case studies are versatile assets for generating business, providing reusable elements for ad and social media content, website material, and marketing c

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'Slack it to me'– the one tap app to digitally project manage

freshminds

Digital technology is helping us in so many aspects of our lives to make things quicker, easier and more user-friendly. As project managers have to deal with so many different digital applications in their workloads these days, there are plenty of new programmes out there to help you organise your responsibilities. Slack is increasingly becoming the prominent platform in which to communicate with teams.

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The How and When of Getting Back to Work

Strategy+Business

Employees who get injured or sick on the job are returning to work much sooner than they did in the past, but companies have varied reasons for accommodating their injured workers.

Company 44
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Should Your Consulting Company Name Include Your Own Name?

David A Fields

A consultant just emailed me this question: I feel like large companies want to hire large, established, consulting firms and since the name of my firm–Smith Consulting Group– has my name in it, it seems too obvious I’m a “lone ranger.” Should I change the name of my firm? What do you think? Should he change the name of his firm? Why or why not?

Company 163
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CPI and HICP Deflation in Spain Accelerates

MishTalk

After a brief 0.1% rise in inflation in June and July, Spain's National Statistics Institute (INE) estimates the CPI stands at ‒0.9% in September, five tenths lower than that registered in August. The above is a "flash" reading. The INE reports Spain's HICP (Harmonised Index of Consumer Prices) a measure that normalizes Spain with the rest of Europe " stands at ‒1.2% [year-over-year].

Banking 53
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The Art of Remote Collaboration: How to Successfully Whiteboard with Remote Teams

Just because we're working with a distributed team doesn't mean we have to abandon time-tested tools and methods like whiteboarding. Digital look-alikes often cramp creativity and all but eliminate the humanity of shared interactions. Hardware solutions are also limiting and, of course, expensive and immobile. In an increasingly digital and remote-first world, it’s important for us to select tools and processes that allow us to mitigate if not eliminate the above problems.