Sat.Jul 09, 2016 - Fri.Jul 15, 2016

article thumbnail

How the Ikea Effect Can Ruin Your Consulting Business

David A Fields

A few years ago Michael Norton and his buddies wrote about “The Ikea Effect” which they describe this way: “When people construct products themselves, they come to overvalue their (often poorly made) creations.” This turns out to be an important finding for consultants. Norton’s gang studied their hypothesis using origami, which is not a product most people buy, but was undoubtedly easier for the researchers to haul around than pallets of build-it-yourself kitchens.

article thumbnail

7 People who NEED to apply to McKinsey in the next 8 days

Management Consulted

The following 7 categories of people have 8 days left to apply at McKinsey for a full-time position (provided they finish their programs in 2017/2018): PhDs. Postdocs. Non-MBA Master’s. Medical students. Interns. Residents. Fellows. For most aspiring consultants, McKinsey is the gold standard. The mecca. The ultimate prize. Okay, okay, we know you get it.

McKinsey 144
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Art of Embracing Commoditization

BCG

Article Thursday, July 14, 2016. China’s economic slowdown has led to overcapacity in many sectors and a significant fall in the prices of many commodities. Although many businesses will regard this as a short-term, cyclical challenge—one they can weather through capacity adjustments—it may prove for others to be something entirely different. It may mark the onset of commoditization, a secular and more severe challenge for which businesses may be wholly unprepared.

article thumbnail

What Is Your Organization’s Threshold for Firing Someone For Personal Misconduct?

Melissa Agnes

Earlier this month, a portfolio manager at a large hedge fund, Moore Capital Management, was fired for having thrown what was labelled as a “Wolf of Wall Street-style pool party” that garnered a lot of (negative) attention on social media and within the press. To paint a picture of this 4th of July party in the Hamptons, the party was reported by CNBC to have “featured showers of Champagne, throngs of young people milling around the house and dwarfs with Champagne guns” B

Ethics 0
article thumbnail

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.

article thumbnail

From Inception to Fruition

Chad Barr

Many of us struggle to bring products from that initial idea phase to actual completion. Projects are started and then quickly abandoned, never fulfilling their potential. And as a result, great opportunities for business growth are lost. Recently, the Chad Barr Group completed a project that had long been on the back-burner of my mind—and I want to share the important lessons I learned along the way.

More Trending

article thumbnail

Medtech Companies Need to Transform While Times Are Still Good

BCG

Focus Tuesday, July 12, 2016. The medical technology (medtech) sector of the health care industry has been highly attractive to investors for more than a decade, delivering total shareholder returns of nearly 350% between 2001 and 2015. In the first few years of the 2000s—the golden age for medtech—sales grew by double digits. But sales growth has leveled off considerably in recent years and now hovers at around 4%.

Company 63
article thumbnail

Was the Dallas Police Department Crisis Ready?

Melissa Agnes

Over the last week, the world has watched as the U.S. struggles to manage a nation-wide crisis. It’s one we’ve seen before – but, like lessons in life, crises don’t go away until they’re truly learned from and managed. But while every police agency across the country plays a role in the management of this crisis, there is one agency in particular that has been thrust onto the front lines and has faced the most tragedy, the most loss over the last week.

Video 64
article thumbnail

Military Coup in Turkey, Top Officials Held Hostage, Currency Plunges, Erdogan via Radio Calls for Resistance

MishTalk

“Turkish Armed Forces have completely taken over the administration of the country to reinstate constitutional order, human rights and freedoms, … Continue reading →

44
article thumbnail

Kodak’s Downfall Wasn’t About Technology

Harvard Business

A generation ago, a “Kodak moment” meant something that was worth saving and savoring. Today, the term increasingly serves as a corporate bogeyman that warns executives of the need to stand up and respond when disruptive developments encroach on their market. Unfortunately, as time marches on the subtleties of what actually happened to Eastman Kodak are being forgotten, leading executives to draw the wrong conclusions from its struggles.

Film 44
article thumbnail

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

article thumbnail

Global Asset Management 2016: Doubling Down on Data

BCG

Report Monday, July 11, 2016. In 2015, the asset management industry recorded its worst performance since the 2008 financial crisis. Growth in assets under management (AuM) stalled, and net new flows of assets, revenue growth, and revenue margins all fell. Fee pressure on managers continued to rise. Tepid markets and turbulence, which persist in 2016, are today’s reality.

article thumbnail

My Company is Better than Your Company

Martinka Consulting

Earlier this year I received an economic update email from a major bank. The gist of the article was: The majority of business owners feel their local economies have worsened and the national economy is heading the wrong direction. But, an overwhelming majority feel their business is strong and they are confident about its future. This is similar to: Politicians are lousy sleaze balls but my congressperson or senator is pretty good.

Company 40
article thumbnail

Deutsche Bank Chief Economist: “Europe is Seriously Ill”, Banks Need €150 Billion Bailout

MishTalk

David Folkerts-Landau, chief economist at Deutsche Bank, says “Europe is Seriously Ill”, and EU banks need a €150 billion bailout … Continue reading →

Banking 44
article thumbnail

What Great Listeners Actually Do

Harvard Business

Laura Schneider for HBR. Chances are you think you’re a good listener. People’s appraisal of their listening ability is much like their assessment of their driving skills , in that the great bulk of adults think they’re above average. In our experience, most people think good listening comes down to doing three things: Not talking when others are speaking.

Energy 44
article thumbnail

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.

article thumbnail

Asset Managers Get Real with Risk

BCG

Article Monday, July 11, 2016. Global regulators, still working to address the legacy of the 2008 financial crisis, are slowly beginning to converge on appropriate risk management approaches for the asset management industry. Worldwide, regulatory responses to the crisis have, until recently, taken different paths, with EU regulators going furthest in their rulemaking.

article thumbnail

Not Your Expertise? – Jump on it or Run Away?

Martinka Consulting

Recently a professional association newsletter covered the subject of stepping outside your area of expertise (the advice was, “don’t do it, no matter what the fee”). There are very few people who haven’t learned this lesson the hard way. Smart people only need to learn it once. I realized early in my consulting career I’m not good with startups, business plans, or raising money.

article thumbnail

June 25: Obama Stands by “Back of Queue” Brexit Warning; July 1: US-UK Trade Bill in Congress

MishTalk

Fearmongering by president Obama and the UK “Remainers” regarding US-UK trade negotiations following Brexit is all the more humorous by … Continue reading →

41
article thumbnail

The Data-Driven Case for Vacation

Harvard Business

Over the past three years, we have partnered with the U.S. Travel Association to more clearly understand the relationship between well-being and taking time off from work. Our hypothesis has been that without recovery periods, our ability to continue performing at high levels diminishes significantly. This is in direct conflict with the common misconception that the longer you persevere at work, the more successful you will become.

Data 44
article thumbnail

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.

article thumbnail

An Asset Manager’s Guide to Data and Digital Disruption

BCG

Article Monday, July 11, 2016. Asset managers today face a fundamental and indisputable fact: the world they are analyzing in order to make and execute investment decisions, is increasingly complex and rich in data. For some managers, this is a tremendous opportunity: more complex strategies can be supported. However, for most firms, the ability to keep up, from an investment and trading standpoint, will require significant investment and material changes to almost all elements of the target ope

Data 52
article thumbnail

Understanding your Phantom Strengths

Leadership Vision Consulting

'Phantom Strengths' is not an official Gallup or Leadership Vision term. It is simply how we describe various Talents combining to look like a Strength that a person doesn’t actually have. Sometimes it may be in an individual’s top ten and you simply don’t know it. Other times, it is the pairing of Talents that may lead you to believe an individual has a Strength they do not have.

Talent 33
article thumbnail

Dozens Killed in French Terrorist Incident as Truck Plows Into Crowd, Driver then Fires Weapons

MishTalk

In yet another senseless terrorist incident in France, a truck driver purposely plowed into a crowd then exited the truck … Continue reading →

43
article thumbnail

Give Yourself Permission to Work Fewer Hours

Harvard Business

In 2007 I decided enough was enough. I had been running my own business for a couple of years and I constantly felt stressed. I had no clear boundaries between work and personal time, and I rarely stopped working without feeling guilty. Although I enjoyed my work and was compensated well for it, the constant stress of overwork prevented me from feeling like a real success.

article thumbnail

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

article thumbnail

The flip is elusive

Seth Godin Blog

For a generation after people realized that smoking would kill them, many smart, informed people still smoked. Then, many of them stopped. After discovering that an expensive luxury good is made out of the same materials as a cheaper alternative, many people stick with the expensive one. And then they gradually stop going out of their way to pay more.

Culture 30
article thumbnail

How Customer Identity Management Can Improve the Customer Experience

1 to 1

There's a goldmine of valuable data in the cross-channel interactions customers conduct. 1to1 Media's Tom Hoffman recently met up with Jason Rose, Gigya Senior Vice President, Marketing, to discuss key trends in customer identity management and how information shared by customers in their omnichannel interactions can be used to deliver more personalized customer experiences.

article thumbnail

Welcome to Illinois (Where Every 5 Minutes Someone Moves Out)

MishTalk

Illinois has the worst migration statistics in the nation. Every 5 minutes, someone decides to leave.

50
article thumbnail

Research: Millennials Think About Work Too Much

Harvard Business

Marion Barraud for HBR. In a previous study , our data science team at Happify found that people in their twenties and early thirties are in a relatively negative state of mind. This age group experiences a sharp increase in ongoing stress, characterized by the most negative thoughts and the least positive emotions, compared to other age groups. These findings go along with research on the quarter-life crisis , the tricky transition from adolescence to adulthood.

article thumbnail

ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.