article thumbnail

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 the healthcare industry, AI can be used to assist in diagnostics and drug discovery. In addition, AI raises new ethical and legal issues. This can empower consultants to help clients make better decisions.

article thumbnail

Tailoring the ISO 20700 Checklist to Your Consulting Projects

Effective Managers

In the dynamic world of management consulting, the ability to adapt and customize tools to the unique demands of each project is crucial. The initiating phase of the ISO 20700 standard sets the foundation for a successful management consultancy project. Initiating Phase. Executing Phase.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Lions, Tigers, Consultants, Oh My!

The Consultants Peer Group

Marvin Bower was recognized as a Fellow in the Institute of Management Consultants, USA, in 1988 (the year I became a CMC®), but more on IMC USA later. Would many of these examples have been prevented if the management consultants and/or their firm had subscribed to an enforceable Code of Ethics? Ponder the effect (repeat).

article thumbnail

Five Ways to Raise your Game in Consulting - Part 7

The Consultants Peer Group

All management consultants are not unethical, many live and practice to a higher standard of professionalism. Management consulting within the U.S. They may also market themselves by sector, i.e., government, healthcare, manufacturing, services, etc. is likely the largest unregulated, unlicensed professional service.

Ethics 52
article thumbnail

Leveling Up: Consulting Skills for an AI-Powered World

Tom Spencer

The data analysis may reveal that many customers are looking for sustainable and ethical clothing options. Take for example a consulting engagement for a healthcare client who wants to improve patient outcomes. The client can use this insight to target their marketing campaigns and direct their product development efforts accordingly.

article thumbnail

Save the Date for ConsultCon 2019 in Dallas, Oct. 4-6

IMC USA

Fort Lauderdale, Florida — April 10, 2019 — The Institute of Management Consultants USA (IMC USA, www.imcusa.org ) announces that its 2019 annual Consult-Con international consultants conference takes place October 4-6, 2019, at the Dallas/Addison Marriott Quorum hotel, a short drive from Love Field (DAL) and DFW Airport.

article thumbnail

Creating Leadership Trust that Inspires People

Rick Conlow

Recently, GM and the union are at odds over healthcare and fair wages. Great companies and managers treat employees as their greatest resource. Furthermore, it means the management has high expectations and standards. For example, companies or managers provide many opportunities for training, and recognition.