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.

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.

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.”

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

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.

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.

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

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.

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.

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).

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.

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.

5 Best Practices for Attracting Ideal Consulting Clients

Consulting Success

As you continue to work with your ideal client, you get to know their type of business, industry, challenges, opportunities and everything else – better than almost anyone else. Consulting Articles Attract Ideal Consulting Clients Become an Industry Expert case studies

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

How industry can move toward a low-carbon future

McKinsey

Cutting industry’s carbon emissions will require significant investment and coordinated effort among businesses, governments, and other stakeholders. Insights on Sustainability & Resource Productivity

What’s in Store for Consulting Industry Trends in 2017?

SkillQuo

The consulting industry has had some interesting developments within the past year. The Gig Economy Continues Its Expansion into the Consulting Industry. What 2017 May Bring to the Consulting Industry. Share This: The post What’s in Store for Consulting Industry Trends in 2017?

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.

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

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 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

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.

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.

Renewed optimism for the fashion industry

McKinsey

After a challenging stretch, has fashion turned the corner? Things are looking up, but the rebound may be uneven, says this year’s The State of Fashion report. Our Insights

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.

Industrial Production Growing, Manufacturing Inching Along

MishTalk

The Fed G17 report shows Industrial Production is up 0.4% Mining is once again the highlight of an otherwise soft industrial production report. percent for a third straight sharp increase, mining pulled industrial production up 0.4 Industrial Production and Capacity Utilization.

The Future of Television: Where the US Industry Is Heading

BCG

The digital disruption of the US television industry is at hand. Many in the industry continue to believe that the TV industry will evolve with no major disruptions to existing relationships and with little shift in share. Article Thursday, June 09, 2016.

How to Turn Intangible Concepts into Tangible Services

The More Clients Blog

This isn’t anything your client companies don’t know, it just proves you know your clients’ industry and the challenges they face. What are you actually selling? Some say a concept, an idea, a benefit, or value. But one thing is for certain, if it’s not tangible, it can’t be sold.

Creating value at industrial companies through advanced pricing techniques

McKinsey

Faced with tough competition and uncertainty in raw-material prices, industrial companies must reset their pricing architecture. Advanced Electronics Insights

The Digital Revolution Is Disrupting the TV Industry

BCG

The global television industry is in the midst of a digital revolution. With so many across the industry jockeying for position, the market for media stocks has become extremely volatile. Will current industry leaders retain their winning positions, or will they crash and burn?

What Real Sustainability Would Look Like in the Fashion Industry

BCG

Article Friday, July 14, 2017 To maintain its current growth trajectory, the global fashion industry must address its environmental and social footprint.

4 Industries Leveraging Robotics & Automation For Future of Work

Cheryl Cran

It is irrefutable that we need to expand our perspective to seeing that robots, AI and automation are infiltrating all industries and everyday life. The post 4 Industries Leveraging Robotics & Automation For Future of Work appeared first on NextMapping. Right now, if your business or role involves repetitive tasks it is likely that you have already or will be impacted by robotics and automation.

Two Priorities to Build Up Russia’s Auto Industry: Exports and Innovation

BCG

The Russian automotive industry has experienced significant ups and downs in the past decade. In 2015, the industry sold just 1.5 Today, as a limping economy continues to hold domestic buyers in check, the industry finds itself with far too much production capacity.

How to Turn Intangible Concepts into Tangible Services

The More Clients Blog

This isn’t anything your client companies don’t know, it just proves you know your clients’ industry and the challenges they face. What are you actually selling? Some say a concept, an idea, a benefit or value. But one thing is for certain, if it’s not tangible, it can’t be sold.

How Discounters Are Remaking the Grocery Industry

BCG

Article Friday, April 21, 2017 Discount grocers now offer more products with better quality—while maintaining their low prices. Established grocers will need to decide on the right strategic response. Article

How Healthy Foods Are Nourishing Growth in the CPG Industry

BCG

The US consumer packaged goods industry registered its strongest growth in four years in 2015, and much of the fuel was provided by small and midsize producers of healthy, protein-rich foods and beverages. Article Wednesday, April 20, 2016.