Consulting Success

SEPTEMBER 23, 2022

The latest data from our consulting industry study showed that 58% of consultants use an hourly rate or project rate (based on hours). As a consultant, should you be tracking your time? If so, how? Whether you are using an hourly rate or not, there are times that you should and should not be thinking.

Productivity 262

Productivity Consulting Study Data 262

Tom Spencer

MAY 13, 2018

Having said that, we will now begin by exploring the framework which is most widely applicable in case interviews: the Market Study Framework. The Market Study Framework, some others may call it the “market entry” or “business situation” framework, is a means of understanding how attractive a new or existing market is.

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Case Interview Study Interviews Marketing 68

Tom Spencer

AUGUST 15, 2021

During these assessments candidates are often required to review a few emerging technologies in a case study and state how they could be applied in a certain scenario. This can be a difficult task as you have only around 5 minutes to create a video recorded answer.

Industry 88

Industry Recruiting Recruitment Case Study 88

Tom Spencer

APRIL 19, 2024

Success on the GMAT requires a well-thought-out study plan and strategic preparation. In this short article, we’ll explore a step-by-step approach to studying for and taking the GMAT, equipping you with some of the tools needed to achieve your desired score. He studied Industrial and Labor Relations at Cornell University.

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Study Analysis Course Resources 88

CaseInterview.com

NOVEMBER 12, 2019

I am an Industry hire - meaning I graduated from business school and worked in industry before making my way to consulting. I only had two weeks to prepare and I immediately realized that was a very short time to study from scratch for my upcoming case interviews. Kearney and I accepted.

Industry 40

Industry Case Interview Interviews McKinsey 40

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. This could be because of the perception that drones are expensive and only used for fun and outdoor activities. However, drones are no longer just toys.

Industry 104

Industry Efficiency Data Energy 104

BCG

MAY 19, 2016

Throughout the world, companies recognize that their success depends on adopting the new digital industrial technologies that are collectively known as Industry 4.0. BCG’s study focused on a survey of more than 600 managers and senior executives representing 312 German and 315 US companies. See the sidebar, “About the Survey.”)

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Industry Boston Consulting Group Survey Study 75

freshminds

MARCH 5, 2018

Why are Case Studies used? Note that they are not looking for a “right answer”; they are looking for a “right method” Types of case studies. Here are some examples of different approaches across industries; Management Consulting : tend to use “operational” type case studies (more details below).

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Case Study Case Studies Study Case Interview 53

Kraft Kennedy

FEBRUARY 15, 2024

Future focused organizations across the industry are leveraging Microsoft Copilot (a chatbot that was developed as a next iteration of the discontinued Cortana) to harness the power of AI. The study compared two 1000 employee law firms and found that the firm using Copilot saved approximately 44,000 hours firmwide per month, equating to $13.2

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Case Study Case Studies Efficiency Tools 59

The Source

APRIL 21, 2020

While consulting is still associated, in the minds of many, with the aggressive “up or out” system, the truth is that it’s a model increasingly ill-suited to the realities of the modern industry. This is a change that’s been driven by both the supply and the demand side of the talent equation. …

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Industry Consulting Case Interview Travel 52

Tom Spencer

OCTOBER 19, 2019

The luxury fashion industry often uses this approach. The second approach companies take to set prices is called value-based pricing. It purely focuses on how much customers are willing to pay for the product and completely ignores costs.

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Case Study Case Studies Study Strategy 60

Harvard Business

SEPTEMBER 11, 2023

The authors’ case studies, based on their growing global community of over 3,000 GenAI practitioners, point to a new category of work, more precise and actionable than “knowledge work.” Companies are struggling with where to start with generative AI.

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Company Case Study Case Studies Study 93

Tom Spencer

MARCH 15, 2024

Embracing the Latest Trends Due to the fluid nature of the tech industry, software designers need to remain at the forefront of the latest design trends and emerging technologies. He studied Industrial and Labor Relations at Cornell University. Zuhair Imaduddin is an Innovation Development Analyst at JPMorgan Chase.

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Software Strategy Strategy Strategy& 88

Harvard Business

JULY 20, 2017

Female executives are a distinct minority , and they can be particularly rare in certain industries like mining, crude oil production, and agriculture. To investigate that question, we conducted extensive field research studying grape growers in Champagne, France, a region famous for its sparkling wines. And, if so, what?

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Study Industry Case Interview Research 28

Harvard Business

OCTOBER 27, 2023

To answer this question, the authors studied 12 companies that were employing various industry-specific strategies and found that those that successfully achieved the dual goals of purpose and profit did so by adopting what they call an “advocacy-based business model.”

Financial 88

Financial Study Industry Examples 88

Business Consulting Agency

MARCH 4, 2024

From legal advisors to marketing experts and industry connections, these consultants leverage their professional networks to provide startups with the support and expertise they need. According to a study by CB Insights, the top reason cited for startup failure is a lack of market need, emphasizing the importance of strategic guidance.

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Consulting Small Business Financial Industry 52

Business Consulting Agency

MARCH 22, 2024

From startups to large enterprises, businesses across industries are leveraging consulting services to overcome challenges, optimize operations, and achieve strategic objectives. A study by the International Data Corporation (IDC) found that companies that invest in consulting services experience an average increase in revenue of 9.2%.

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Consulting PricewaterhouseCoopers Enterprise Operations 52

Harvard Business

FEBRUARY 28, 2023

How the sports legend and civil rights icon made decisions throughout his career to leave a lasting impact on the world.

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Case Study Case Studies Sports Study 68

Business Consulting Agency

JANUARY 17, 2024

Precision in Product Formulations Benefit: Business consultants bring specialized knowledge to the formulation process, ensuring that products are developed with precision and adhere to industry standards. Fact: A study by Nielsen found that companies that adapt products to market trends experience a 5.6% increase in sales.

Productivity 52

Productivity Consulting Boston Consulting Group Efficiency 52

Business Consulting Agency

FEBRUARY 21, 2024

According to a study by the National Small Business Association, small businesses that engage in strategic planning are 12% more likely to grow and prosper. Access to Industry Insights and Trends Staying abreast of industry trends is challenging for small businesses focused on day-to-day operations.

Small Business 52

Small Business Efficiency Trends Survey 52

Tom Spencer

SEPTEMBER 17, 2022

I had done extensive research into the consulting industry and was a member of the consulting club at my university. Consulting is a knowledge-based industry. It is a high-stakes industry where individuals are comfortable with decision-making. For others, even the first 90 days is enough for them to decide to leave the industry.

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Consulting Management Industry Accenture 109

Consulting Matters

APRIL 13, 2023

Brad had an unconventional start to his career after meeting his boss's boss while studying finance at college. An industry visionary, Brad specializes in distressed and growth business opportunities. He applied for a financial manager job at Disney and was one of 1400 candidates.

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Consulting Finance Turnaround Healthcare 156

Tom Spencer

MARCH 7, 2021

Apart from the rigorous selection process that consulting firms use to assess their potential candidates, securing a job and thriving within the consulting industry is not easy. Viewing the industry from an “expertise” point of view, one could argue that consultants are synonymous with advisors, experts or specialists.

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Consulting Case Study Case Studies Guidelines 88

Tom Spencer

JANUARY 20, 2023

Many colleges and universities also have career centers that host networking events and career fairs, which can be a great way to meet with potential employers and learn more about different industries. LinkedIn, in particular, can be a great resource for finding job openings and connecting with others in your field of study.

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How To Study Resources Conference 88

Tom Spencer

OCTOBER 26, 2019

Mergers are common in the automotive industry and usually motivated by a central reason. This is a typical revenue synergy that’s widespread in the technology space. Volkswagen, Audi, and Porsche Merger. Situation #3: Volkswagen, Audi and Porsche have been combined companies since 2012.

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Case Study Case Studies Study Case Interview 60

Business Consulting Agency

FEBRUARY 27, 2024

This is where Retail Consulting Services step in as invaluable partners, offering business and industry expertise to drive transformative growth. According to a study by McKinsey, retailers that focus on operational excellence can achieve cost reductions of up to 20%.

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Retail Consulting Trends McKinsey 52

BCG

MARCH 1, 2017

Ten case studies show how digital technologies can transform the construction industry, leading to higher productivity as well as social and environmental benefits. Article Wednesday, March 01, 2017.

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Construction Industry Case Study Case Studies 40

Business Consulting Agency

JANUARY 24, 2024

Market Understanding Local business consultants possess a deep understanding of the US market dynamics, including consumer preferences, industry trends, and the competitive landscape. A study by Harvard Business Review found that culturally sensitive marketing campaigns are 20% more effective in driving consumer engagement.

Boston Consulting Group 52

Boston Consulting Group Management ROI Deloitte 52

Business Consulting Agency

JANUARY 5, 2024

In this exploration, we’ll delve into the diverse areas where consulting services can make a substantial difference, supported by relevant facts and statistics about the retail industry. Statistic: According to a study by Salesforce, 66% of consumers expect personalized offers and promotions based on their purchase history.

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Retail Consulting Trends Efficiency 52

On the Brink Podcast

JANUARY 9, 2020

Back when she was in school at Pratt Institute studying fashionwear, she saw a problem. Brit Arthur is one of those creative women who sees a problem and just wants to solve it. Who says women aren’t as ingenious as men? They haven’t met Brit. She hated the way bathing suits were made and how they fit women’s bodies.

Industry 56

Industry Talent Study Strategy 56

Tom Spencer

APRIL 5, 2024

He studied Industrial and Labor Relations at Cornell University. Zuhair Imaduddin is an Innovation Development Analyst at JPMorgan Chase. Zuhair is interested in leveraging technology to solve problems. Image: DALL-E 3 The post 5 Strategies for Success in Product Management first appeared on Tom Spencer.

Productivity 78

Productivity Management Strategy Strategy 78

Tom Spencer

APRIL 21, 2023

Equity research is a vital function within the investment industry that helps investors make informed decisions about buying, holding, or selling stocks. These reports typically include information on a company’s financial performance, management team, competitors, industry trends, and any other relevant information.

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Research Balance Sheet Cash Flow Analysis 88

Tom Spencer

JUNE 23, 2023

Venture capital firms have a wide range of investment strategies and focus on different types of companies and industries. This may include analyzing financial statements, assessing market trends, and conducting industry research.

Industry 78

Industry Trends Financial Analysis 78

Harvard Business

JULY 13, 2023

While many industries have struggled to reach — and sustain — gender equality, progress has been particularly slow in mining and other traditionally male-dominated industries.

Industry 57

Industry Interviews Operations Study 57

MishTalk

APRIL 10, 2014

The Los Angeles 2020 Commission studied amongst other things the sorry state of LA''s pension mess. In a case of can-kicking extraordinaire, its recommendation was to appoint another commission to further study the problem. The first part of the report was released in December. The inevitable is "bankruptcy".

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Study Tourism Report Resources 76

Tom Spencer

JANUARY 31, 2021

It is one of the few industries, apart from investment banking, that is a stereotype for every graduating class, and people start preparing for it from freshman year through joining multiple consulting clubs on campus. There is almost no industry that offers as many exit opportunities as consulting. Exit Opportunities.

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Consulting Finance Industry Study 88

Business Consulting Agency

FEBRUARY 29, 2024

Companies adopting digital marketing strategies witness, on average, a 25% increase in customer acquisition, as reported by a study from McKinsey. A study by Frederick Reichheld of Bain & Company indicates that increasing customer retention rates by just 5% can lead to a 25-95% increase in profits.

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Consulting ROI Bain Trends 52