Drones Help New Industries Take Flight

Tom Spencer

Even though unmanned aerial vehicles (drones) have been around for a decent amount of time, we don’t see many in the sky or many industries using them yet. Drones in Agriculture: How UAVs Make Farming More Efficient.

Great Companies Obsess Over Productivity, Not Efficiency

Harvard Business

Business leaders often think of “efficiency” and “productivity” as synonyms, two sides of the same coin. When it comes to strategy, however, efficiency and productivity are very different. This view differs substantially from the relentless focus on efficiency that has characterized management thinking for most of the last three decades, but it is absolutely essential if companies are going to spur innovation and reignite profitable growth.

Consolidation in Europe’s Airline Industry

BCG

But there is more turbulence ahead: Brexit, increasing industry capacity, and competition for long-haul traffic from low-cost and high-­service Middle Eastern and Asian carriers are likely to undercut the profitability of European full-service carriers (FSCs).

Why the Construction Industry May Be Robot-Proof

Strategy+Business

There is something unique about building houses that inherently eschews efficiency and automation

Rolling Back Fuel Efficiency Is a Bad Deal for Everyone — Including U.S. Carmakers

Harvard Business

The CEO of a large industrial company recently described the Trump administration as “the most pro-business since the Founding Fathers.” ” Let’s explore the impacts of one of the most prominent examples of regulatory retrenchment in the works: the rollback of auto fuel efficiency standards. Department of Transportation review the previously agreed-to fuel efficiency marks. As Trump put it, “the assault on the American auto industry is over.”

The trillion-dollar opportunity for the industrial sector: How to extract full value from technology

McKinsey

As data, connectivity, and processing power expand, so do opportunities for industrial companies to extract value through innovative products, services, operational efficiencies, and business models. The digital revolution is just beginning. Digital Insights

5 Best Practices for Attracting Ideal Consulting Clients

Consulting Success

This creates more leverage, efficiency and creates better results for clients. As you continue to work with your ideal client, you get to know their type of business, industry, challenges, opportunities and everything else – better than almost anyone else.

Will Industry Stacks Be the New Blueprint for Banking?

BCG

Digital technologies are reshaping the banking industry at an unprecedented rate, generating waves of fresh opportunity and potential peril for traditional banks. Perspective Thursday, June 16, 2016.

IoT Disruptions in 3 Industries and What You Can Learn From Them

Tom Spencer

The massive benefits seen in Australia from the development of digital technology include increased living standards, shrinking distances through telecommunications, improved efficiency for businesses and government, as well as a larger workforce.

For Beginners: A Roadmap into the Consulting Industry

Tom Spencer

Whether I was talking to graduates, MBAs or experienced professionals, as a consulting club president at business school, I was frequently asked the same question, “What is the most efficient and quickest way to transform into a consultant?”. As the frequency of answering this question increased, I felt that there was an urgent need to be fulfilled, so I decided to start blogging here with a series of articles trying to answer this question in a most efficient and insightful way.

How to Win with Automation (Hint: It’s Not Chasing Efficiency)

Harvard Business

How it will impact business, industry, and society. Notice as well that the Apple and Amazon stores are not your typical mom-and-pop shops, but are largely automated themselves, with industrial age conventions like cash registers and shopping aisles disappearing altogether. Before the industrial revolution, most people earned their living through physical labor. In 1900, 30 million people in the United States were farmers.

How a Digital Storm Will Disrupt the Parcel and Express Industry

BCG

You shake your head and wonder, What happened to my industry? They’ve spent decades building highly efficient operations and dominant market share. The answer is that these digital advances won’t just boost efficiency. Focus Thursday, December 15, 2016.

B2C 94

Differentiate yourself by taking a stand against something you don’t like about our industry

Rod Burkert

What pisses you off about our industry? One way is to differentiate yourself by taking a stand against something you don’t like about our industry. How to differentiate yourself : Stop marketing to attorneys and CPAs and start marketing to business owners in your industry niche.

Labor unions in a post-industrial age

Seth Godin Blog

Industrialism is based on doing a difficult thing (making something) ever cheaper and more reliably. The us/them mindset of the successful industrialist led to the inevitable and essential creation of labor unions.

Industry-Academic Partnerships Can Solve Bigger Problems

Harvard Business

In a country where academia and industry usually tread separate paths, it’s unusual to see the two innovate together. One example would be upgrading the current norm of single-glazed windows in high-rise buildings to double- or triple-glazed to improve energy efficiency.

Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business

While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or “mutualizing”) goes back even further. Both then and in 1686, when Lloyd’s was born in a London coffee house, the global insurance industry was a business of utmost good faith , as it remains today.

How the Water Industry Learned to Embrace Data

Harvard Business

The water industry is using digital technologies and analytics to derive more value from its physical assets. Organizations are also using these tools to improve maintenance, infrastructure planning, water conservation, and customer service (including repair efficiencies and pricing). For example, despite the social and efficiency value of using predictive analytics to prevent water leaks, many utility managers view themselves as heroes for responding after the leak has occurred.

German Manufacturing Is Leading a Digital Industrial Revolution

Harvard Business

Can Anyone Stop Amazon from Winning the Industrial Internet?

Harvard Business

Just the announcement that Jeff Bezos, Warren Buffett, and Jaime Dimon will be entering the health care space has sent shock waves for industry incumbents such as CVS, Cigna, and UnitedHealth. It also puts a fundamental question back on the agendas of CEOs in other industries: Will software eat the world, as Marc Andreessen famously quipped? This is the world of the Internet of Things (IOT) and the Industrial Internet. The Challenges for Industrial Giants.

Passion Versus Profession – Are Management Consulting and Music Production Really That Different?

Tom Spencer

For example, cutting research and development costs when the client’s reputation is based on innovative capabilities wouldn’t make sense in the long run, even if it seems to be the most efficient solution. While it will be obvious to most readers that consultancies may use statistical tools in order to determine so-called “industry recipes”, similar concepts apply to the music industry.

What GM’S Layoffs Reveal About the Digitalization of the Auto Industry

Harvard Business

” By that, we mean that GM’s layoffs significantly reflect the talent and workforce strains associated with the diffusion of digital and electronic technologies into nearly every industry, business, and workplace in America. Prapass Pulsub/Getty Images.

Most Industries Are Nowhere Close to Realizing the Potential of Analytics

Harvard Business

And yet for all the hype, most industries have still not come close to realizing the full potential of data and analytics. MGI’s latest research with McKinsey Analytics on the state of the big data revolution measures the progress various industries have made toward capturing the revenue and efficiency gains we envisioned five years ago. This role needs to combine data savvy with industry or functional expertise.

How Likely Is Your Industry to Be Disrupted? This 2×2 Matrix Will Tell You

Harvard Business

The topic of industry disruption — “a process whereby a smaller company with fewer resources is able to successfully challenge established incumbent businesses” — is rife with misconceptions. Industry disruption, as Accenture research has found, is reasonably predictable. For the latter, we measured incumbents’ operational efficiency, commitment to innovation, and defenses against attack. Consider the newspaper-publishing industry.

The Imperfect Job Market

Strategy+Business

The persistence of shortages in a range of industries indicates the market is far from efficient

The Labor Market Needs Visible Hands

Strategy+Business

The persistence of shortages in a range of industries indicates the market is far from efficient

How the Natural Resources Business Is Turning into a Technology Industry

Harvard Business

For example, the oil industry depended on having the most plentiful reserves. Technology is enabling people to use energy more efficiently in their homes, offices, and factories. At the same time, technological innovation in transportation, the largest single user of oil, is helping to lower energy consumption as engines become more fuel efficient and the use of autonomous and electric vehicles grows.

Social Media Program: Twitter Tips|Women In Consulting Blog

Women in Consulting

Backed by award-winning services and support teams, Blackbaud’s comprehensive set of Internet solutions, featuring Blackbaud NetCommunity and Blackbaud Sphere eMarketing along with our industry leading peer-to-peer and event fundraising solution, Friends Asking Friends , is designed to meet the evolving needs of nonprofits. Nonprofit Fundraising Events : Friends Asking Friends helps you empower your supporters, reach more people, and execute your fundraising events efficiently ?

Why the Insurance Industry Can’t Risk Overlooking Artificial Intelligence - SPONSOR CONTENT FROM COGNIZANT

Harvard Business

During the past five years, industrial use of artificial intelligence (AI) has risen exponentially across industries. At the same time, front-runners across industries are partnering with technology companies to identify game-changing business solutions that can be achieved through AI.

What’s behind the pharmaceutical sector’s M&A push

McKinsey

There are lessons for other industries in the way pharma companies use mergers to innovate, work more efficiently, and bolster product portfolios. Strategy & Corporate Finance Insights

3 Secret Strategies for Designing A Profitable Event Brand|Women.

Women in Consulting

Backed by award-winning services and support teams, Blackbaud’s comprehensive set of Internet solutions, featuring Blackbaud NetCommunity and Blackbaud Sphere eMarketing along with our industry leading peer-to-peer and event fundraising solution, Friends Asking Friends , is designed to meet the evolving needs of nonprofits. Nonprofit Fundraising Events : Friends Asking Friends helps you empower your supporters, reach more people, and execute your fundraising events efficiently ?

Seth's Blog: Blueberry pancakes and battleships

Seth Godin Blog

Seths most personal book, a look at the end of the industrial economy and what happens next. The typical industrial-era organization is like a battleship. And many of them are rewarded for doing that set of tasks more efficiently, more elegantly and with better quality than expected. Seths Blog.Seth Godins riffs on marketing, respect, and the ways ideas spread. About. Archives. Subscribe. Recent Posts. "Oh, Oh, thats just a hack someone put together.". The sophisticates.

"Process Mining"? Sounds Like a Waste of Time.

Markovitz Consulting

You’re missing the boat on “process mining,” the latest improvement breakthrough that will catapult your firm to the top of your industry. I’m sure it does more efficient. You know what the problem is with your lean initiative? You’re not doing any process mining. Yup, that’s right. According to a new HBR article , process mining will “revitalize process management in firms where it has lain fallow for years.”

Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

Although rate information is a closely guarded secret, based on my 20 years in the industry here are very rough ballpark numbers for “management consulting” (not IT consulting, project management, training development, etc.). Factor in the client’s size and industry.

Impact of Data Analytics in Consulting

Tom Spencer

The words “big data” have become a “buzzword” in the business industry. It is a concept that revolutionised old-school industries, gave birth to a new industry, and made improvements to businesses regardless of their size. How data analytics are changing the consulting industry.

Data 118

All the Serious Objections to Writing Funny Emails

The More Clients Blog

This won’t work in my industry. Boy, I am efficient, aren’t I? Yes, when you are writing to people in your industry, especially in prominent positions, they are all business; their sense of humor has been discarded completely. OK, the gloves are off.

Netflix Brings Lean Thinking to Board Meetings

Markovitz Consulting

CEO Reed Hastings says that direct observation of critical management discussions “is an efficient way for the board to understand the company better” and develop trust in the leadership. The memo itself consists of written text that highlights business performance, industry trends, competitive developments, and other strategic and organizational issues. Well, not really. I doubt Netflix was thinking how Jim Womack would apply lean to their board meetings.

Introducing the ECS Technology Index

BCG

trillion for the ECS industry. At the core of these technologies is building information modeling (BIM): a digital representation of a project’s physical, functional, and planning characteristics, applied to boost efficiency and effectiveness. Article Wednesday, October 26, 2016.

Personal Experience Interview - McKinsey PEI

CaseInterview.com

The important thing to realize is that consulting firm interviewers ask resume-based questions differently than employers from other industries. It is important you know what it is they are looking for, and that you provide those answers in an efficient way.

New Technologies in the Insurance Landscape (Part 2 – Blockchain)

Tom Spencer

Because virtually any type of information can be digitized, codified and placed onto a blockchain (a database that is tamper-proof and permanent), the technology’s potential to impact various industries is significant.

7 secrets for presenting to prospects you want to turn into clients

Rod Burkert

Will you be speaking to a room full of prospects and time soon … prospects at a professional firm, industry gathering, or trade organization? Efficient because you could be “meeting” with anywhere from 5 to 500 people at the same time. Greetings from the City of Brotherly Love.