Tom Spencer

JUNE 6, 2020

Determining appropriate product pricing (e.g. Prioritizing new product development efforts. Choosing specific product features. This form of segmentation is widely used since specific products often cater to individual needs relating to at least one demographic element. brick-and-mortar vs online).

Apparel 103

Apparel Retail Examples Productivity 103

Tom Spencer

APRIL 14, 2023

For example, a wealth manager may recommend that a client purchase a specific type of insurance to protect their assets from unexpected events such as death, disability, or critical illness. This includes identifying potential risks to the client’s financial stability and implementing strategies to mitigate those risks.

Management 88

Management Financial Real Estate Insurance 88

Tom Spencer

MARCH 24, 2023

For example, in a recent consulting engagement, I worked with a company that was struggling with low employee morale. This helped to improve morale and ultimately increase productivity. For example, I once worked with a non-profit that was struggling to raise funds. This is where consultants can play a critical role.

Emotional Intelligence 88

Emotional Intelligence Ethics Consulting Case Interview 88

Rick Conlow

JANUARY 2, 2023

For example, The Great Man showed up for budget review in a white limo, flanked by two black SUVs. For example, CEOs pay is 399 times more than the average worker. By not dancing, CEOs cost their companies billions of dollars of lost employee innovation, productivity, and customer service. Even today, GM has record recalls.

Emotional Intelligence 88

Emotional Intelligence Study Leadership Finance 88

Steve Shu Consulting

OCTOBER 8, 2017

Management consulting projects can span diverse areas from operational to finance to marketing to strategy to IT management, etc. For example, you can see this in some of the digital agency like efforts (e.g.,investigate Are there other models? There are other modern, consultative models emerging. plus traditional consulting roles.

Management 150

Management Consulting Methodologies McKinsey 150

Tom Spencer

JULY 7, 2023

I was assigned to a typical strategy engagement – should client X selling product Y increase sales in market Z? However, we struggled to calculate profitability over time, as the client had multiple kinds of products and used various procurement methods. In our recent project, we took this option.

Data 78

Data Consulting Balance Sheet Analysis 78

Tom Spencer

APRIL 14, 2023

Take for example an AI system that is trained on data from a specific geographic region, let’s say a wealthy city in the United States. Another example would be an AI system that is trained on data from a specific industry, such as the finance sector. For example, consider the use of AI in financial consulting.

Ethics 88

Ethics Consulting Healthcare System 88

Tom Spencer

JUNE 24, 2022

Blockchain has already had a significant impact in the finance industry with the global cryptocurrency market cap now exceeding $1 trillion. There are practical examples of where blockchain has already been applied to generate significant economic value. Blockchain looks set to be deployed in many other industries.

Government 88

Government Insurance Insurance System 88

Tom Spencer

JANUARY 19, 2019

In technology and software companies, there are product management (PM) and product marketing management (PMM) roles. They both focus on a product, so how do they divide the tasks that need to be done? So, what happens to other tasks like product strategy? Example: Xbox Console Development and Marketing.

Engineering 60

Engineering Productivity Enterprise Marketing 60

Markovitz Consulting

AUGUST 19, 2020

All too often, companies that strive for first mover advantage bleed their products—or their entire organization—to death. Peter Golder and Gerard Tellis’s seminal study of 500 brands in 50 product categories reveals that almost half of market pioneers fail. Good luck finding any of those products today.

Guidelines 140

Guidelines Operations Talent Sports 140

Johanna Rothman

DECEMBER 6, 2023

If you read the article above or any of the other articles you can find online, you might notice Economies of Scale focus on production—specifically manufacturing production. That's not product development—and that's the first place we get stuck with Economies of Scale thinking. Create Overarching Goals for an example of this.)

Metrics 62

Metrics How To Efficiency Resources 62

Seth Godin Blog

SEPTEMBER 6, 2023

For example, sorting numbers is an easy problem when there are only five or six, but when you have to sort 5,000, a totally different algorithm is needed. There are Big-O problems in marketing, in sales, in customer service, in finance, in production and in compliance. Business models have this baked in.

Conference 42

Conference Finance Banking Sales 42

Tom Spencer

APRIL 1, 2022

For example, consultants today are often expected not merely to provide a written report containing a recommendation, but to assume the role of a strategic partner with the client. One of the primary lessons of the pandemic has been the importance of staying connected in an increasingly fractured world. Shift 3: Internal Consulting.

Industry 88

Industry Consulting Ethics Culture 88

Tom Spencer

MARCH 17, 2023

This idea has been echoed by some of the most influential figures in the business and finance world, including Professor Michael Porter, Michael Lewis, and Warren Buffett. One example of Buffett’s approach is his investment in Coca-Cola. However, many of the mortgages had been issued to people who could not afford them.

Ethics 78

Ethics Financial Cash Flow Real Estate 78

Tom Spencer

FEBRUARY 1, 2020

Some people also call consulting a ‘talk-job’ – you go to the clients, you talk about what the ideal world scenario would be for a particular project, product or market, and your billable hours are sorted. Sales, Marketing, Production) and secondary functions (e.g. Finance, HR, Supply Chain, ICT, Legal).

Consulting 135

Consulting Operations Financial Real Estate 135

Chad Barr

FEBRUARY 14, 2024

” Let’s delve into these examples to uncover the profound lessons they offer. LEGO: A Blueprint for Collaboration and Individual Ingenuity At the dawn of the 2000s, LEGO found itself on the brink of collapse, its brand diluted and finances in turmoil.

Sports 52

Sports Travel Finance Groups 52

Markovitz Consulting

JUNE 26, 2017

Let’s say, for example, that you invest in hand-held scanners in a warehouse. Yes, the system is pricey, but think of the productivity improvement! One day, they realized that they had 18 months of inventory on-hand for a few products, and it was tying up badly needed working capital. Think of the increased inventory accuracy!

Software 178

Software System Sales Operations 178

Tom Spencer

APRIL 29, 2022

Stories of Mark Zuckerberg and Bill Gates who dropped out of Harvard are constantly used as examples to amplify this point. A few key examples include: Elon Musk , founder of SpaceX, has an MBA from Wharton. The most valuable asset of a business is not its products, cash in the bank, computers, or proprietary data, but its reputation.

Ethics 88

Ethics Case Interview Case Study Case Studies 88

Tom Spencer

NOVEMBER 25, 2022

Although all data is field specific, for example health care data collected from a hospital, data scientists can often operate without specific domain expertise as they apply powerful statistical methods to uncover meaningful correlations in large datasets. Required Skills. In terms of pay, both roles offer highly competitive salaries.

Data 88

Data Trends Information Technology Information Technology 88

Progressus

MARCH 1, 2024

Increased Productivity: Streamlines project workflows, reducing time wasted on administrative tasks. For example, a marketing agency can use Project Management software to track the progress of various campaigns, ensuring timely delivery and optimal resource allocation.

Software 52

Software Cash Flow Management Financial 52

LSA Global

AUGUST 2, 2023

During a strategy retreat , it helps to consider four different strategy perspectives: customer, process, finance, and growth. Do employees, products, finances, or customers come first to achieve our vision and mission? Executives should consider questions like: To be successful, what do our finances need to look like?

Strategy 36

Strategy Strategy Strategy& Talent 36

Steve Shu Consulting

JULY 25, 2014

One the other hand, possibilities for competitive differentiation and new products seem limitless. 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.

Video 230

Video Analysis Operations Development 230

Tom Spencer

SEPTEMBER 19, 2020

For example, starting with a knowledge of pathology (the science of the causes and effects of diseases), a doctor asks questions about symptoms a patient might have in order to diagnose an illness. This has led to new products such as Google Maps and Gmail. Should your client apply these approaches to its business? Final thoughts.

Productivity 88

Productivity System Finance Engineering 88

Asamby Consulting

FEBRUARY 17, 2022

The productivity myth We live our personal and professional lives in an increasingly efficient and productive world. Without realizing we celebrate the idea of “more” in all of its shapes and forms as we often admire: The company with most revenue The product with most features The organization with most people. …

Operations 52

Operations Exercises Productivity Software 52

Tom Spencer

JULY 25, 2021

Corporate finance academics argue that firms should act to maximise shareholder value, since shareholders are the owners of the firm. For example, Amazon earned only modest profits from 2004 to 2015, choosing instead to focus on increasing market share and developing new products. Factors of production. Equilibrium.

Productivity 97

Productivity Balance Sheet Marketing Government 97

Asamby Consulting

DECEMBER 5, 2022

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?

Small Business 52

Small Business Finance Industry Company 52

Johanna Rothman

FEBRUARY 28, 2020

Examples of Useless and Cheap Data to Collect. Here are some examples of data that's cheap to collect, and just about useless: Anything at a single point in time, not a trend. Some examples: Lines of code, defect counts of any kind. And, in my opinion, timesheets are the best example of useless information. I think 55.

Data 81

Data Agile Software Trends 81

LSA Global

FEBRUARY 6, 2023

Shared Goals Across Functions Can Help Break Down Functional Silos Traditionally, most employees are organized by expertise, department, or location to pursue isolated and specialized objectives — e.g., sales, marketing, finance, design, production, and so on.

Culture 36

Culture Metrics Resources Finance 36

Steve Shu Consulting

FEBRUARY 17, 2010

The introduction of new product or service lines into an existing customer base is a challenge that companies often face with new business development. As an example of a project on the right side, that same software company may be looking to introduce new platform capabilities such that indirect, 3rd parties can develop applications (e.g.,

Strategy 150

Strategy Strategy Strategy& Software 150

Tom Spencer

NOVEMBER 22, 2015

There are many new innovations that allow companies to finance purchases creatively in order to meet their goals over the long term. Here are four (4) examples of financial innovations that can make your business easier to run. Check out this review as an example. Finance Tools. Peer Lending. Online Banking.

Financial 60

Financial Finance Banking Tools 60

CaseInterview.com

JANUARY 21, 2019

The far more difficult part is allocating resources (people, finances, attention span) because there are never enough resources to do everything you could do. Here’s a simple example. If they do, that’s an example of aligning your #1 priority with your #1 time slot for your personal or professional life.

Resources 78

Resources Energy Finance Examples 78

Tom Spencer

MAY 11, 2019

Ensuring synergy between brands, products, and services. Clarifying how to position new products and services. This approach is characterised by a single strong master brand that covers a portfolio of products and services that are bundled in different configurations to serve different needs. Maximising visibility in the market.

Guidelines 60

Guidelines Bain Productivity Banking 60

Harvard Business

JANUARY 4, 2017

For example, Ford’s River Rouge plant not only assembled cars but also made its own steel, glass, fabrics, power, and cement on-site. For example, Apple works with at least 200 suppliers and 242 smelters and refineries across the world. the less likely it was to declare its products conflict-free.

Productivity 29

Productivity Company Pharmaceuticals Survey 29

Steve Shu Consulting

MARCH 21, 2014

For those unfamiliar with the term “behavioral economics”, I generally describe behavioral economics as a combination of psychology and a traditional science like economics or finance. For example, why do some people help or punish others when it is not in their best economics interests to do so?

Consulting 150

Consulting Finance System Sales 150

CaseInterview.com

FEBRUARY 13, 2020

If your VP of engineering wants to do a complete technical redesign of your flagship product, you want to ask. If your VP of finance wants to refinance your line of credit with a different bank, you want to ask. As an example, a CEO of a $900-million-revenue military defense contractor came to me flustered over a decade ago.

Fashion 68

Fashion Media Tools Sales 68

Tom Spencer

JANUARY 14, 2022

While there are many risks and obstacles involved in being an innovation leader – producing products not supported by the current infrastructure, creating more waste than recycling, and the high cost and limited capacity of existing energy storage methods – these problems also represent opportunities for innovation and growth.

Energy 88

Energy Transportation Policies McKinsey 88

Tom Spencer

APRIL 1, 2022

While electric vehicles are already replacing conventional automobiles, no electric aircraft is ready for large scale commercial production that can usher in a sustainable revolution in aerospace. For example, Sustainable Aviation in the UK provided a roadmap for achieving net zero carbon emissions (see Figure 3 below). Other Trends.

Trends 88

Trends Engineering Travel Airlines 88