Strategy consulting 2018 compensation survey

Consultants Mind

Charles Aris – executive recruiter out of North Carolina – do a great job of placing ex-strategy consultants. The post Strategy consulting 2018 compensation survey appeared first on Consultant's Mind. Management consultants make good coin.

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McKinsey Quarterly: The perils of bad strategy

Consultants Mind

Like anything valuable, good strategy is rare. Richard Rumelt, UCLA professor, outlines 4 common ways that companies often fool themselves into a bad strategy in a McKinsey Quarterly article here. Based on his book Good Strategy Bad Strategy: The Difference and Why It Matters (2011) (affiliate link). Bad strategy definitely exists. Consultant bad strategy McKinsey Quarterly Strategy

McKinsey: Testing your strategy

Consultants Mind

McKinsey, in a 2011 article entitled Have Your Tested Your Strategy Lately?, makes the very valid point that executives and leaders too often treat strategy as a ” procedural exercise or set of frameworks”, rather than a way of thinking through problems. McKinsey’s advice is to not look for the newest strategy fad or business guru, but instead… Read More » The post McKinsey: Testing your strategy appeared first on Consultant's Mind.

Strategy, Simplified

Management Consulted

The post Strategy, Simplified appeared first on Management Consulted. What sets great business leaders apart from merely good ones? What will cause us, as we navigate the daunting gap between good and great, to succeed or fail? Honestly, I don’t know. Books have been written on the topic, and … Continued. case studies

Marketing Strategies for Consultants Study: 2018

Consulting Success

I’m excited to share the results of our 2018 Marketing Strategies for Consultants Study. Marketing Strategies for Consultants Study: 2018 is a post from: Consulting Success. Marketing is always a hot topic for consultants. Many struggle with it. Few excel in it. All must do it to attract new clients and grow their business.

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BCG: Atlas of Strategy Traps

Consultants Mind

Of the big 3 consulting firms, they are the first to step away from the standard … Continue reading → Consultant BCG Consulting Design history StrategyMuch more graphical. Take a look at Boston Consulting Group’s new website here – the design is more graphical, interactive, and actually.

Growth Strategies

Tom Spencer

Growth strategy begins with identifying the source of the problem – you will want to look at customers, products, the company and its competitors. They want to develop a growth strategy for the next five years.

The BraveHeart Exit Strategy Consultants Randy And Ellen Long: Podcast #41

Consulting Success

Maybe it’s time for you to start an exit strategy the BraveHeart way with Randy and Ellen Long to teach you how. The BraveHeart Exit Strategy Consultants Randy And Ellen Long: Podcast #41 is a post from: Consulting Success. Consulting Success Podcast consultants Michael Zipursky Randy And Ellen Long The BraveHeart Exit The BraveHeart Exit Strategy The BraveHeart Exit Strategy Consultants Randy And Ellen Long

Six Failure Modes to Avoid in Strategy Deployment

Markovitz Consulting

I just wrote a new article for Industry Week on common failure modes in strategy deployment (hoshin kanri). Here are the key points: No, you’re not an army of one. Projects are not chocolate: more is not better. Fear the walking dead. And the zombie projects. Beware the Hemmingway rule of bankruptcy. For god’s sakes, not another email. Look through the windshield. Not the rear-view mirror. Intrigued? Read the full article here

Why digital strategies fail

McKinsey

Most digital strategies don’t reflect how digital is changing economic fundamentals, industry dynamics, or what it means to compete. Companies should watch out for five pitfalls. Our Insights

How to avoid digital-strategy pitfalls

McKinsey

Most digital strategies don’t reflect how digital is changing economic fundamentals, industry dynamics, or what it means to compete. Strategy & Corporate Finance Insights

The So What Strategy – A Highly Recommended Book for Business Communications

Steve Shu Consulting

I’ve recently read “The So What Strategy,” a book on business communications, and wanted to share my thoughts on the book. So what do I think about “The So What Strategy” by Davina Stanley and Gerard Castles (formerly communications specialists at McKinsey & Company)?

Porter’s Generic Strategies

Tom Spencer

Three strategies to achieve above-average performance: cost leadership, differentiation, and focus. In order to understand Porter’s Generic Strategies, it is helpful to take a step back and examine the two things which determine a firm’s profitability in the long run.

Understanding Digital Strategy

Harvard Business

Sunil Gupta, a professor at Harvard Business School, argues that many companies are still doing digital strategy wrong. Gupta says successful digital strategy is more complicated than that. He recommends emulating the multi-faceted strategies of leading digital companies. Gupta’s the author of Driving Digital Strategy: A Guide to Reimagining Your Business. Strategy Technology Audio

Culture vs Strategy

Tom Spencer

Strategy involves understanding your current position, deciding on a destination, and charting a course from here to there. Culture is arguably more important than strategy because, if you look at it over the lifetime of a product or an organisation, the culture is the only thing that will really matter. The strategy and the products are today’s strategy and today’s products, but over time the strategies and the products will change while the culture will remain.

Five Fifty: Strategy vs execution

McKinsey

Which matters more—great strategy or great execution? New research finds that strategy wins, especially disruptive strategies that respond powerfully to digitization. Our Insights

How to confront uncertainty in your strategy

McKinsey

Lack of certainty about the future is the very reason you need a strategy. Strategy & Corporate Finance InsightsInstead, embrace probability.

Five strategies to hone your project management skills

Jacq Hackett Consulting

Here are five strategies to keep you on track. For example, a final project plan, a stakeholder consultation strategy, a findings paper, a report. My strategy is always to do what I can from my end to facilitate these deadlines being met, for example reminding the client well in advance of what’s due, or setting up a progress call to keep things moving. As a consultant, your working life now revolves around projects and one of your key roles is project manager.

Strategy to beat the odds

McKinsey

If you internalize the real odds of strategy, you can tame its social side and make big moves. Our Insights

List: Aussie Strategy Firms 2013

Tom Spencer

List of Australian Strategy Firms in 2013. BELOW is a hand-picked list of leading Australian strategy firms. This list will be of interest to you if: you’re a student who wants to work for a leading strategy firm, or. Pacific Strategy Partners.

Eight shifts that will take your strategy into high gear

McKinsey

Developing a great strategy starts with changing the dynamics in your strategy room. Strategy & Corporate Finance InsightsHere’s how.

Is Peter Mandelson really a strategy consultant?

Tom Spencer

But the House is rather an unworldly place and its members and staff may not know what a recognized, professional strategy consultant is expected to do. Formulating strategies. Implementing strategies. None have worked as a “strategy consultant” anywhere else.

Inside the strategy room: One CEO’s approach

McKinsey

Deanna Mulligan, president and CEO of Guardian Life Insurance, reflects on how she approaches strategy planning in an industry with strong headwinds. Strategy & Corporate Finance Insights

4 Strategies for Overcoming Distraction

Harvard Business

After reading hundreds of studies, interviewing dozens of experts, and running the gambit of self-experiments (including attending meditation retreats and slogging through a monthlong period of self-induced boredom), I learned that countless strategies can help us mitigate distraction.

Why a Bad Legal Strategy is Great for Your Consulting Firm

David A Fields

Imagine you’re in court. As the prosecutor states his case, you nervously whisper to your defense attorney, “Should I just tell them…” “No,” your counsel quickly interrupts you. Don’t say anything!” Your advocate’s advice is exactly right for the courtroom. It’s absolutely wrong for the boardroom.

Why Your Strategy May Fail

LSA Global

Do You Know Why Your Strategy May Fail? Not all strategies lead to results…even the best laid plans may not yield the outcomes you hope for. Only 10 Percent of Strategies Get Fully Executed. 9-out-of-10 strategies fail to meet expectations.

Strategy Beyond the Hockey Stick

McKinsey

The new book on how to beat the odds with a bold strategy. Our Insights

2 Popular Approaches to Cascade Corporate Strategies

LSA Global

Simple, Clear Strategies Work Best. Complex businesses like the one diagrammed on the board above require complex strategies, right? To effectively cascade corporate strategies throughout an organization, they must be easily understood, clearly stated, and embraced by all employees.

2 Successful Strategy Implentation Mistakes

LSA Global

Successful Strategy Implementation is Far from Easy. Closing the strategy execution gap is hard work. Not many organizations naturally combine strategy and strategy execution. Research by IBM found that only 10% of strategies are deemed to be successfully executed. According to PWC , only 8% of leaders excel at both strategy and execution. Successful Strategy Implementation Starts with Strategic Clarity.

Mergers & Acquisitions: Strategy

Tom Spencer

According to McKinsey, transformational mergers are rare “because the circumstances have to be just right, and the management team needs to execute the strategy well.”.

Always-On Strategy

BCG

Many executives criticize their annual strategy-setting process for being poorly suited to today’s fast-changing markets. Article Friday, April 07, 2017.

Stop Chasing Likes: Social Media Success Start with Strategy

Joellyn Sargent

It ignores strategy. Social media without strategy is simply a hobby, and a time-consuming one at that. I’m not suggesting that Buffer doesn’t have a clear social strategy. Start with Strategy. Even with a great strategy, things change.

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The Underappreciated Role of Middle Managers in Strategy Implementation

LSA Global

The role of middle managers in strategy implementation is key to success. Strategy Implementation Success. Here is the woeful record of strategy implementation according to the research: IBM found that less than 10% of well formulated strategies are effectively executed.

5 Strategies To Create Workplace Happiness

Tom Spencer

This is a guest post from Riya Sander. Creating a happy workplace can make it easier to retain your workers, allowing you to avoid the costs related to employee turnover.

Strategy is for CFO Firms Too

Free Agent CFO

Are CFO firms like the cobbler without shoes–good at teaching and delivering strategy but not good at applying it to themselves? After revisiting some of his great teachings recently, I appreciated one of his fundamental strategy questions: “What do you want to be known for?”

4 Reasons Leaders Struggle with Corporate Strategy

LSA Global

The Challenge of a Strategy that Works. Nobody said that putting together a meaningful strategy was easy. But who knew it would be so hard and that so few companies would be successful at designing and implementing coherent strategies across their company?

5 Steps to Creating Great Strategy

Tom Spencer

Developing excellent strategy consists of just 5 steps. HERE are five steps that you can use to formulate great strategy: Diagnose: assess the lay of the land. Commit: select a strategy.

Finance vs Strategy

Tom Spencer

A successful firm will need to pursue sound strategy and, at the same time, stay on top of its finances. Business Strategy consulting finance Management Consulting The financier cares about the next 3 months or less. The strategist cares about the next 3 years or more. The financier wants the deal to close as soon as possible so that he can earn his bonus.

5 Ways Tech Consulting differs from Strategy Consulting

Management Consulted

Last week, we explored how Tech consulting experience can hurt you when it comes to applying for more strategy-focused roles, and how to mitigate this during the recruiting process. The post 5 Ways Tech Consulting differs from Strategy Consulting appeared first on Management Consulted. While tech consulting is incredibly meaningful work (not to mention the … Continued. management consulting

Ensure Your People Strategy Supports High Growth

LSA Global

Does Your People Strategy Support High Growth? If you are one of the lucky businesses set up for high growth in the coming months or a business that aspires to grow rapidly, be sure your people strategy will support your high growth plans.