Remove Efficiency Remove Examples Remove Strategy Remove Strategy Development
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Real-World Examples of AI in Management Consulting

Tom Spencer

This article will explore some of the most notable examples of AI in consulting, including its use in market research, strategy development, and operational optimisation. This can help consultants to identify key market trends, develop more accurate market research reports, and craft more effective marketing strategies.

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AI in Consulting: The Beginning of a New Era

Tom Spencer

For example, in the financial industry, AI can be used to detect fraud, predict stock prices, and manage risk. In manufacturing, AI can be used to optimise supply chains, increase the efficiency of production processes, and predict equipment failures. Accurate Predictions AI can also help consultants to make more accurate forecasts.

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Emergence of Formal Behavioral Insights Teams and Initiatives

Steve Shu Consulting

For example, Opower tapped into a great market using software-as-a-service and a behavioral efficiency model for saving energy. As another example, when I was working with Allscripts we had more of a strategic, business unit approach. Strategy Development. Each of these routes is suited for different situations.

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Designing Strategic Organizations: The New Work of Executives and HR (Kesler and Kates, People & Strategy, 2010)

Kates Kesler

People & Strategy, 2010. We long have been fascinated by the overlap between leadership and organization development. They grapple with the question of how to align the components of the organization to execute strategy and remove barriers so that members of the organization can make the right decisions and do their best work.

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How the Very Best Strategists Decide

Harvard Business

When it comes to setting strategy, which is more effective: one great thinker or a wise crowd? To find out, I turned to my ongoing Top Pricer Tournament , in which 884 people — managers, consultants, professors, students — make pricing strategy decisions for a generic business competing against other generic businesses.

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The 3 Company Crises Boards Should Watch For

Harvard Business

For example, I have worked closely with a professional services organization where a domineering, controlling CEO led the organization spectacularly for 20 years. Another CEO used prodigious management skills to successfully consolidate, grow, and dramatically increase the efficiency of a vertically integrated industrial company.

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Don’t Be Tyrannized by Old Metrics

Harvard Business

For example, same-store sales or sales per square foot measure success in the retail industry, and various volume measures do it in commodity industries. Prioritize metrics that reflect value to customers, rather than simple volume or efficiency. Mismeasurement can lead to mismanagement. Unit sales don’t.”

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