Tom Spencer

SEPTEMBER 10, 2021

These numbers were used to describe the health of a business or industry, to identify trends, or point out top performers. To help me understand these new numbers I use analogies based on my initial training to help me understand a new industry. They have an operating budget based on the amount of their grant.

Metrics 88

Metrics Industry Benchmarking How To 88

Asamby Consulting

JANUARY 13, 2022

Why you need a COO or Operations Manager. Either their operations have grown quite a bit or they are in the midst of growing. Many founders and CEOs ask us this question: Do I need an operations manager? But there are a few questions: Why is it necessary to hire an operations person? We answer with a resounding yes.

Operations 52

Operations Management Methodologies System 52

Progressus

OCTOBER 27, 2023

Professional services is an expansive space spanning several industries – consulting firms, software publishers, IT service providers, even manufacturers and distributors that offer post-sale services — each with its own set of challenges, regulations, and opportunities.

Industry 52

Industry SMB Software Talent 52

Successful Independent Consulting

OCTOBER 27, 2023

Solopreneurs who come from “name” firms like PwC or McKinsey can charge more than those who come from industry. People who market themselves as independent professionals and operate as small businesses can charge more than those who work as subcontractors. I did this successfully for years.

Consulting 393

Consulting Intellectual Property Deloitte Benchmarking 393

Tom Spencer

JUNE 9, 2023

In the digital age, businesses are constantly seeking innovative ways to gain a competitive edge and streamline their operations. From enhancing customer experiences to optimizing decision-making processes, AI is reshaping the way businesses operate and opening up new possibilities for growth.

Data 147

Data Operations Efficiency System 147

Tom Spencer

MAY 18, 2019

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. Operating Margins.

Industry 113

Industry Real Estate Management Retail 113

Tom Spencer

APRIL 6, 2019

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. For example, drones mounted with cameras can be used to collect detailed real-time information about crop quality, irrigation systems, and livestock. Agriculture.

Industry 104

Industry Efficiency Data Energy 104

Business Consulting Agency

JANUARY 30, 2024

This article explores how consulting services contribute to the success of startups, small businesses, and larger enterprises, supported by facts, statistics, and real-world examples. Startups: Navigating the Path to Success Benefits: Startups often operate in a high-risk environment where every decision can be make-or-break.

Consulting 83

Consulting Enterprise Small Business Agile 83

Tom Spencer

OCTOBER 6, 2023

A bank’s income statement can be simplified into five main line items: Net interest income Non-interest income Operating expenses Provision for credit losses (PCL) Tax Image 1: Illustrative example of a bank’s income statement Source: CIBC’s 2022 Annual Report 1. Image 2: Illustrative example of a bank’s non-interest income 3.

Banking 88

Banking Balance Sheet Operations Financial 88

Tom Spencer

OCTOBER 1, 2022

Personally, I knew I wanted to get into an industry that understood the “why” and “how” of problem solving. Consultants will not only consider the specific problem that a client has but also look at the entire company, how it operates, and what is happening in the industry and broader business environment. Final thoughts.

Consulting 113

Consulting Accenture Industry Interviews 113

QEmploy

MAY 9, 2019

This article will look into the consulting industries current pitfalls and future in terms of transparency and digitalization. Finally, both the Operational Manager and Procurement Manager of Qemploy ‘s indirect client, an anonymous large scaled IT – consulting firm. A Brief on the Growth of the Global Consulting Industry.

Industry 69

Industry Consulting Case Interview Recruiting 69

Tom Spencer

JANUARY 6, 2018

Simply put, management consulting is a profession that requires practitioners to possess solid and wide business common sense, deep professional knowledge in 1-2 domains (such as Marketing, Retail, Operation), and most importantly, intellectual capability to solve complicated business problems for clients. The third factor is, which country?

Industry 79

Industry Consulting Oliver Wyman McKinsey 79

Clarity Consultants

SEPTEMBER 18, 2017

Many companies are already operating with lean staff, due to high attrition rates and not replacing staff, not to mention downsizing as a result of a difficult economy. Employees describe the environment as an excellent training ground to learn business fundamentals and gain exposure to multiple industries. McKinsey & Company.

Training 59

Training Training Examples Boston Consulting Group 59

Epicflow

JUNE 10, 2022

Speaking about the risk-bearing events affecting aerospace engineering projects, we can divide them into three groups: project management, engineering risks, and those that are typical for the aerospace and defense industry. Risks specific for the aerospace and defense industry. Let’s take a closer look at each of the groups. .

Engineering 98

Engineering Management How To Risk Analysis 98

Tom Spencer

SEPTEMBER 3, 2022

Today, companies are desperately seeking strategies to retain customers, rebuild inventories, and restructure operations to fit the new business environment. Companies are also starting to adopt digital tools to streamline daily operations. Every business sector was disrupted and negatively affected by the pandemic and its aftermath.

Consulting 88

Consulting Management Agile Industry 88

Epicflow

FEBRUARY 8, 2024

In a few words, the industry is going to evolve in three major areas: implementing recent technological advancements (Industry 4.0), finding ways to address post-pandemic challenges, and meeting sustainability requirements. Let’s take a closer look at these and other manufacturing trends that are going to impact the industry in 2024.

Trends 52

Trends Talent Deloitte Efficiency 52

CaseInterview.com

JUNE 13, 2019

There's a great article in Bloomberg BusinessWeek that while several years old does a great job at discussing how the global strategy consulting industry got started, why Boston Consulting Group was founded, how Bain was a spinoff of BCG, and how Bain Capital was a spinoff of Bain. These were all firms where Romney worked.).

Bain 45

Bain Industry Case Interview Boston Consulting Group 45

CaseInterview.com

MAY 26, 2023

Management consulting is an industry that offers assistance with this kind of high-level decision-making and problem-solving. Rather than addressing the operational angle of how to do it, we address the bigger question of what to do. Let’s use the example of a business that’s seeking to relocate.

Management 105

Management Consulting Bain Deloitte 105

Tom Spencer

FEBRUARY 1, 2020

In the methodology upheld by Kennedy as well as Consultancy.org, Management Consulting is a collective term used for all services that fall under Strategy Consulting, Operations Consulting and HR Consulting. Operations Consultants: Operations consultants are consultants who help clients improve the performance of their operations.

Consulting 135

Consulting Operations Financial Real Estate 135

Johanna Rothman

MARCH 14, 2024

Tools and technology: Operating systems, languages, anything specifically technical. Industry expertise. The unsaid expectations of the industry in which you work. For example, if you have 20 years of experience in banking, you know a lot about the various regulations and how they affect product development.

Agile 100

Agile How To Metrics Productivity 100

Business Consulting Agency

NOVEMBER 14, 2023

Navigating this terrain requires more than just a groundbreaking idea; it demands a comprehensive strategy, astute decision-making, and adept handling of multifaceted operations. Consultants assist in formulating a solid strategy, defining goals, outlining operational structures, and devising executable plans to achieve objectives.

Efficiency 52

Efficiency Financial Operations Analysis 52

Tom Spencer

SEPTEMBER 15, 2023

Apple’s and Amazon’s product lines are showcase examples of how to build a business ecosystem. If you are an iPhone user, can you imagine moving to a mobile phone than runs on an Android operating system? Getting used to the new operating system would take weeks. Do you frequently order from Amazon? Not likely.

Telecommunications 88

Telecommunications B2B Travel Banking 88

Successful Independent Consulting

APRIL 2, 2018

Was it at a big firm with formal training (for example Deloitte, Bain & Company) or did you learn on the job as an internal resource with a company? Independent consultants who come from “name” consulting firms like Accenture or McKinsey often charge more than consultants who come from industry. Typical rates vary by industry too.

Consulting 199

Consulting How To Marketing Deloitte 199

Tom Spencer

DECEMBER 16, 2022

Consultants are one example of these contractual workers in the sense that consulting firms are legally bound by a contractual agreement to their respective client. Normally consultants who leave the consulting industry take up positions working for a former client organisation or go on to start their own companies.

Consulting 97

Consulting Accenture Industry Talent 97

Tom Spencer

JANUARY 27, 2023

If you are a recent graduate, the consulting industry offers a great way to get a head start in your career, and to hit the ground running from the outset. The industry understandably attracts high achievers who have big dreams, high hopes, and great expectations for how their professional careers will play out.

Consulting 88

Consulting Analysis Industry Accenture 88

Tom Spencer

APRIL 15, 2022

Note that these observations are based on my personal experience and may not be common across the entire industry. As a result, it is unlikely that you will learn the ability to apply a general problem-solving approach across issues and industries. 7 differences between internal strategy and management consulting. Flexibility.

Strategy 88

Strategy Strategy Strategy& Financial 88

Tom Spencer

APRIL 21, 2023

This is the seventh of a seven-part series looking at artificial intelligence and its implications for the consulting industry. For example, in a retail setting, let’s say a fashion clothing client wants to understand the purchasing behaviour of their customers.

Consulting 88

Consulting Data Healthcare Ethics 88

Tom Spencer

MARCH 31, 2023

This is the fourth of a seven-part series looking at artificial intelligence and its implications for the consulting industry. Machine learning algorithms can be applied to a wide range of problems, from analysing financial data, to predicting equipment failures, to optimising supply chain operations.

Tools 97

Tools Consulting Data Media 97

Successful Independent Consulting

SEPTEMBER 16, 2017

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. It’s a matter of what they’re used to and their operating margins.

Consulting 236

Consulting Real Estate Policies Operations 236

Harvard Business

SEPTEMBER 11, 2023

Supply chains in commodity industries are often characterized by social and environmental abuse. In the cocoa industry, for example, the average farmer cultivates between three and five hectares to earn less than two dollars a day. It is an environment rife with social and environmental abuse.

Industry 81

Industry Examples Enterprise Operations 81

Markovitz Consulting

DECEMBER 17, 2018

Smalley starts with the hoariest example of root cause problem solving: the machine tool that stops working because of insufficient lubrication. This is the classic example that probably every consultant has used to demonstrate the 5-Why approach to finding root cause. Of course, this led to significant down time. Type 4: Open-ended.

Tools 150

Tools Operations Examples Analysis 150

Tom Spencer

AUGUST 18, 2023

Breaking into this potentially lucrative niche within the consulting industry is both a science and an art. This project sparked my interest in marketing & sales consulting, and provided me with directly relevant experience that will help me to apply and interview for jobs in the industry.

Marketing 78

Marketing Consulting Case Interview Interviews 78

Harvard Business

AUGUST 3, 2016

A new set of relationships is being formed within companies around how people working in data, analytics, IT, and operations teams work together. Data and analytics represent a blurring of the traditional lines of demarcation between the scope of IT and the responsibilities of operating divisions.

Operations 28

Operations Chemicals Data Agile 28

Tom Spencer

JUNE 13, 2021

Consultants in the rainbow nation have continued to operate efficiently and effectively during the Covid pandemic. The consulting industry is surviving during these uncertain times. They are temporary responses to the pandemic, rather than trends that will become part of normal operations after the COVID pandemic comes to an end.

Consulting 68

Consulting Industry Operations Trends 68

PM Alliance

MAY 12, 2023

And because most system implementations are more than just IT projects, bringing numerous operational considerations and workflow changes as part of the equation, project teams sometimes struggle to bring a diverse group of stakeholders into alignment. Growth plans may also change what executives believe is most important in the near term.

ROI 73

ROI Data Financial Operations 73

Markovitz Consulting

JANUARY 7, 2019

But when it comes to internal operations at least, disruption is often both bad for business and for employees, because it causes unevenness in work. For example, the spike in toy demand at Christmas puts enormous pressure on factories, warehouses, and logistics providers, to say nothing of front-line retail staff.

Operations 160

Operations Retail Resources Productivity 160

Harvard Business

FEBRUARY 2, 2018

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?

Industry 28

Industry Software Engineering Efficiency 28