Does Industry Expertise Matter?

David A Fields

A question I was asked: I’ve read that industry experience isn’t supposed to be necessary to win clients, but I’ve lost projects to consultants who have more experience than me. How much does industry experience matter?

Brief History of the Consulting Industry

Tom Spencer

The management consulting industry, as we know it, originated in America. Booz was the first management consultancy to serve both industry and government clients. Management Consulting consulting history of the consulting industry(Source: Flickr ).

Sprinting to Value in Industry 4.0

BCG

To improve performance and gain a competitive edge, manufacturers must adopt the new digital industrial technologies that are collectively known as Industry 4.0. The value created by Industry 4.0 The race is on to adopt Industry 4.0. Focus Thursday, December 08, 2016.

How consultants do industry research

Consultants Mind

Junior analysts are routinely asked to support proposals and projects across different industries. The great ones get up-to-speed quickly on the industry … Continue reading → Learning Analyzing Data Business Business Intelligence Consulting Finviz Investor Relations Management consulting Measurement Research Trade Association Management consultants need to be quick learners.

Impact of Low Health Literacy on the Healthcare Industry

Tom Spencer

As the American health system continues to find ways to improve care and do so at a lower cost, one of the most costly aspects for the healthcare industry is high administrative costs due to low healthcare literacy.

A long-term vision for the European automotive industry

McKinsey

Technological disruption is redefining mobility globally. How can Europe capitalize on its past successes to shape the emerging mobility ecosystem and craft an even more successful future? Automotive & Assembly Insights

Creating the Industrial Ecosystem

McKinsey

The day before the main event I was included in the Industry Analysts visit to the Siemens Technology Center, at Neuperlach in Munich. Siemens is in some highly competitive industrial markets. Getting the balance right is crucial for all Industrial digitally aware organizations.

Surviving in a Procyclical Industry

Tom Spencer

Management consulting is a service industry that earns its keep by serving large organisations – corporate, non-profit and government. For more information on the management consulting industry, download “ The HUB’s Guide to Management Consulting “ ].

BlockChain: Opportunities for the Consulting Industry

Tom Spencer

How is it going to disrupt industries? . Eliminating the third party may sound like a small change, but it means disrupting entire industries like banks, law firms and public sector organizations who largely exist in order to act as intermediaries. Potential Opportunities for the Consulting Industry. Business models of incumbents in industries like banking might change entirely in order to survive the disruption created by blockchain. What is Blockchain?

Ralph Hamers on Disrupting the Banking Industry

BCG

Video Tuesday, September 20, 2016. Founded in 1991, ING is a global financial services company with more than 52,000 employees in over 40 countries. The bank’s stated purpose: “Empowering people to stay a step ahead in life and in business.”

From heavy industry to modern tech hub

McKinsey

Negotiating an economic transition is complicated. The experience of Jinan offers five lessons for other Chinese cities. Public Sector Insights

Four futures for the container transport industry

McKinsey

Does disruption loom for the industry that underpins global trade? McKinsey and TT Club imagine four possible futures for container transport. Insights on Travel, Transport & Logistics

Where the life insurance industry can go from here

McKinsey

Our annual life insurance and annuities review finds that the industry is poised for growth but will need to improve its capacity for bold resource allocation and productivity improvement. Insights on Financial Services

Women in the food industry

McKinsey

We look closely at employee experiences as well as policies and programs the industry has implemented to promote diversity. Where does the sector stand when it comes to gender equality?

Forks in the Road: Navigating Industry Disruption

BCG

2015 brought record sales and profitability to the global auto industry. Fueled by new technology and consumer needs, nontraditional competitors are entering the auto industry with connected software, artificial intelligence, alternative fuels, and shared mobility networks.

There is no 'the industry'

Seth Godin Blog

It's easy to say that, "the industry is to blame," or "the industry doesn't understand this.". There is no industry, no economy, no market. But because no one is charge, because there's no coherent enforcement method, this is merely a shorthand.

What's driving superstar companies, industries, and cities

McKinsey

Superstar status remains contestable, it’s easy to fall from the top, and possible to rise even from bottom all the way to the top, write James Manyika, Sree Ramaswamy, and Michael Birshan in Harvard Business Review. MGI in the News

Beyond the Industrial Revolution education model: Sal Khan on training and skills in the 21st century

McKinsey

The founder of online-learning not-for-profit Khan Academy shares what an era of automation and artificial intelligence means for education. Future of Work

The Insurance Industry Needs an Intervention

Strategy+Business

Before attempting to execute new strategies, insurance companies need to reevaluate every dimension of their operating model. Here are some recommendations

Industry 4.0 demystified—lean’s next level

McKinsey

Amid digital disruption, five principles can help companies find tangible value in Industry 4.0 solutions. Our Insights

4 Reasons Why Consultants Fear Specializing (And Why They’re Mistaken)

Consulting Success

Consulting Videos Become an Industry Expert Specialization Specialization in ConsultingLet’s talk about specialization for a moment. I did a podcast interview not too long ago with a consultant, now based in Scotland who has a wonderful specialization.

Consolidation in Europe’s Airline Industry

BCG

But there is more turbulence ahead: Brexit, increasing industry capacity, and competition for long-haul traffic from low-cost and high-­service Middle Eastern and Asian carriers are likely to undercut the profitability of European full-service carriers (FSCs).

Michael Zipursky Featured on Leadership and Loyalty Show

Consulting Success

Consulting Interviews 6 Figure Consulting Become a Consulting Expert Consulting IndustryMichael was recently featured on Leadership and Loyalty Show. You can listen to it here: The Gig Economy For Executives with Michael Zipursky 2020 will be a new age for business.

Get Ready for Industrialized Additive Manufacturing

BCG

Additive manufacturing could soon be widely adopted for industrial use, and the market could grow more than threefold through 2020. Focus Wednesday, April 05, 2017.

The 4th Industrial Revolution: Avoiding Vanity Innovations

Confessions of a Consultant

The Technology Revolution is coming – but don’t embrace everything. When I grew up, AI stood for artificial insemination. Something to do with cows. No more. Now A rtificial I ntelligence is slowly moving across a continuum from assistive to augmented towards autonomous.

For Beginners: A Roadmap into the Consulting Industry

Tom Spencer

The management consulting industry is far from being a big mono chunk. A whole value chain exists in this industry. The consulting industry as I said has a wide spectrum of businesses, while management consulting firms are focusing more on the higher levels of the value chain doing strategy related projects such as business transformation, operation enhancement, market entry strategy, or business growth strategy.

How plastics waste recycling could transform the chemical industry

McKinsey

Reusing plastics waste could become an important driver of profitability for chemical companies. Incumbent players need to make the right moves now to tap this opportunity. Chemicals Insights

How industrial companies can respond to disruptive forces

McKinsey

A survey of 300-plus executives from the automotive, aerospace, and diversified-industrial sectors generated insights that can help traditional players reckon with change. Automotive & Assembly Insights

IoT Disruptions in 3 Industries and What You Can Learn From Them

Tom Spencer

In this article, you will learn about three industries in which IoT disruptions are likely to have a major impact. the government has integrated IoT technology into the trucking industry to prevent truck divers working overly long hours.

Getting the most out of Industry 4.0

McKinsey

A new survey of global manufacturing experts explores the progress companies have made in implementing Industry 4.0, the challenges many still face, and the ways more players can unlock value. Our Insights

Riding the Waves of Innovation in the Technology Industry

BCG

Five years is an eternity in the technology industry—the business world equivalent of a “dog year”—compared with other, less volatile and tumultuous industries. Article Thursday, October 27, 2016.

College football: Multibillion industry with great margins

Consultants Mind

Just watched the Alabama-Georgia game. For international readers, this was the equivalent of the semi-finals for college football between two rival teams who both had a winning season so far (11wins-1loss). It was a very close game which Alabama won … Continue reading → Fun Graphics Business College debate Graphs Salary Sports

The Auto Industry's Real Challenge

Strategy+Business

As automakers pour millions into winning the autonomous vehicle race, they run the risk of ignoring the more imminent threats that could sink them before the technology becomes pervasive

How Precision Medicine Will Transform the Pharmaceutical and Healthcare Industries

Strategy+Business

And although the pharmaceutical and healthcare industries know this is the way forward, they face some significant hurdles Precision medicine combines business opportunities with clinical health benefits.

Managing Change in the Oil and Gas Industry

BCG

Vagit Alekperov has led the company since its inception, shaping it into one of the industry’s global leaders. Video Tuesday, November 01, 2016. Lukoil is the largest privately owned company in Russia and one of the biggest oil and gas companies in the world.

10 Principles for Leading the Next Industrial Revolution

Strategy+Business

How can you prepare your company -- whether it is large or small -- to play a leading role in the next industrial revolution, the one that is caused by large-scale digital technology? See also "A Guide to Leading the Next Industrial Revolution

How can creative industries benefit from blockchain?

McKinsey

Five forces of blockchain technology could affect the creative economy. Here are some of the risks and challenges to overcome. Our Insights

Consultant Ninja: US Industries in a World of S**t: Management.

Consultant Ninja

US Industries in a World of S**t. I was thinking about broken US industries this evening. For some reason, saying an industry is "broken" just doesnt do it justice. Industries in a World of S**t: 1) Investment Banking 2) Health Care 3) Auto Manufacturing 4) Defense Procurement 5) Management Consulting 6) Real Estate What other industries would make this list? Activity already appears to be picking up in certain industries for specific services.

Will Industry Stacks Be the New Blueprint for Banking?

BCG

Digital technologies are reshaping the banking industry at an unprecedented rate, generating waves of fresh opportunity and potential peril for traditional banks. Perspective Thursday, June 16, 2016.

Time to Accelerate in the Race Toward Industry 4.0

BCG

Throughout the world, companies recognize that their success depends on adopting the new digital industrial technologies that are collectively known as Industry 4.0. We found that, so far, companies in the two countries have implemented Industry 4.0 Focus Thursday, May 19, 2016.