Remove Examples Remove Information Technology Remove Operations Remove Productivity
article thumbnail

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.

article thumbnail

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
Insiders

Sign Up for our Newsletter

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

article thumbnail

Big Data: An Opportunity for Data Scientists & Data Analysts

Tom Spencer

Many of the world’s thought leaders believe that data will unlock a huge transformation in the way that businesses operate and thrive in the 21st Century. Data is information organized in a form that can be efficiently used by people or computers to make decisions. Data Proliferation. Required Skills. The bottom line.

Data 88
article thumbnail

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. Operations Consultants: Operations consultants are consultants who help clients improve the performance of their operations.

article thumbnail

Impact of Data Analytics in Consulting

Tom Spencer

Finding valuable insights: Structured and unstructured data sources can uncover patterns and relationships that reveal customer needs, expose system vulnerabilities and improve productivity and performance. Tailoring products to individual needs: Big data allows an organisation to narrowly segment customers.

Data 106
article thumbnail

The Consulting Value Proposition

Tom Spencer

For example, a company that needs to update its computer systems might seek advice from IT consultants. An example from 2014 occurred when McKinsey poached two partners from AlixPartners, one of the world’s best-known restructuring firms. Below we outline five (5) reasons why organisations engage consulting firms. Turnarounds.

article thumbnail

Is your small business making enough profit?

Asamby Consulting

To explain, let's use an example: 200,000 USD in revenue a salary for you of 100,000 USD and 80,000 USD in other cost. For example to sell it or to hire an external CEO? The better your product or service is, the more you can charge and the better your margins. Check out our privacy policy. Want to increase your profitability?