Remove Examples Remove Finance Remove Industry Remove Sales
article thumbnail

The Transformative Power of AI in Business

Tom Spencer

For example, businesses like Netflix, Youtube, Amazon, and Airbnb use AI-powered recommendation systems to suggest movies, videos, products, and rental properties based on a user’s browsing history, past purchases, and revealed preferences based on past behavior. These systems can suggest relevant products that customers are likely to enjoy.

Data 147
article thumbnail

Asset Management – Industry Overview (Part 1 of 4)

Tom Spencer

The asset management industry is a steward of money provided by individuals and institutions, and manages this money in order to meet the unique return objectives of each client. However, the largest firms cover both retail and instutional clients – the best example being BlackRock. Trailer Fees and Distribution Channels.

Industry 113
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 Ups and Downs of a Career in Consulting

Tom Spencer

Without a doubt, a career in the management consulting industry comes with many short- and long-term benefits. This means that you’ll generally get to work with a new team, a new client, possibly in a new industry, on a new project type, every few months. You will be pushed to your limits and learn lots of new things every day.

article thumbnail

Overcoming Data Collection Challenges in Consulting

Tom Spencer

I was assigned to a typical strategy engagement – should client X selling product Y increase sales in market Z? Our hypothesis was that increased sales volume would be associated with increased profitability due to economies of scale. Most companies will have historical data pursuant to the recording protocols of their industry.

Data 78
article thumbnail

What is consulting?

Tom Spencer

This might include advice on asset management, tax structuring, or capital structuring to reduce financing costs and sources of risk (e.g. Sales, Marketing, Production) and secondary functions (e.g. Finance, HR, Supply Chain, ICT, Legal). For instance, financial consultants provide advice to organizations on financial matters.

article thumbnail

The Importance of Sales Training Reinforcement

LSA Global

Sales Training without Reinforcement Should Be Unacceptable. Based upon over 800 sales training measurement projects, we know that sales training by itself – even if it is highly customized – only changes the on-the-job behavior and performance of 1-in-5 sales reps. Sales training reinforcement.

Sales 28
article thumbnail

Is your small business making enough profit?

Asamby Consulting

Major cost and expense types The major types of cost are Cost of goods sold (COGS, including some of the below) Staff cost (salaries) Cost of financing (interest rates) Offices and buildings Energy Marketing cost Depending on your industry, different types might be dominant. For example to sell it or to hire an external CEO?