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Business Ecosystems: Building Stronger Connections

Tom Spencer

Apple’s and Amazon’s product lines are showcase examples of how to build a business ecosystem. In short, it means that companies are expanding beyond their traditional core products in order to increase opportunities for cross-selling and to boost customer ownership. Not likely.

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Bank Profitability: Decoding the Income Statement

Tom Spencer

Bank’s Income Statement It’s important to note that banks have diverse product offerings and client types, and the reporting of business lines such as retail banking, wholesale banking, and wealth management can vary between different banks. For the sake of simplicity, we will present the information in a consolidated manner.

Banking 88
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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. Tailoring products to individual needs: Big data allows an organisation to narrowly segment customers.

Data 106
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What is consulting?

Tom Spencer

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). Conclusion.

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Big Data: An Opportunity for Data Scientists & Data Analysts

Tom Spencer

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
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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?

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The Consulting Value Proposition

Tom Spencer

For example, a company that needs to update its computer systems might seek advice from IT consultants. The benefit of bringing in specialist consultants is that they are likely to have experience solving similar problems and an understanding of industry best practice. Turnarounds. Image: Pexels.