Boutique consulting taking it to the next level
Team Name: Collaborative Consulting
Team Members:
Devesh Aggarwal Mohit Jain
Ph: 9540047866 Ph: 9461177853
MDI, Gurgaon IIFT, Delhi
PGPM 2015-17 MBA (IB) 2014-16
One thing true about any industry that is more than 100 years old and has had pretty much the same incumbents at the top of the value chain, e.g. Oil & gas ( the 7 sisters), banking (Goldman, JPM, Citi) or for that matter management consulting (McKinsey , Bain, BCG), is that it thrives on 2 qualities – opacity and agility.
Opacity in the processes and on the information arbitrage generated over the years and agility in adapting to any new trend in the industry due to easy access to surplus cash hordes or credit relationships built over the years.
One of the most important factors to succeed in these
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When I’m less confident about the question and the work needed, I’m more tempted to use a big brand. ”
Traditionally there have been two clear distinctions in the types of consulting business models:
• Solution Shops: These firms are structured to diagnose and solve problems whose scope is undefined; they deliver value banking upon the partner’s experience and the consultant’s judgment based on historical work for similar clients and assumptions about the future. Clients pay high prices for this expertise. McKinsey , Bain , BCG and Booz & Company are examples of such firms.
• Process Evangelists: These firms are structured to address problems of defined scope with standard processes, customers pay for output only which may be in the form of actionable insights or process implementation. Salesforce, Marakon, PWC, Accenture are examples of such
Scope of Practice: Overall, Dr. Jaen’s main responsibility is to administer anesthesia to patients before surgery. Surgery includes a wide variety of procedures. Anesthesiologists even administer anesthesia to young children and neonatal patients prior to diagnostic tests such as MRIs. For intensive care patients, anesthesiologists are often responsible for ventilator and airway control. In addition, anesthesiologists have the authority to prescribe drugs to patients.
subjects, it allows them to think about what is currently going on in their business and links this to their business goals. When you take a step back and give the client power, you gain lots of insight and knowledge about the organization. As Fred W. Nickols (2006) states, “Exploit your status as a newcomer or an outsider. And remember this: An ounce of curiosity is worth a pound of expertise” (p. 8). Shifting power to your client may be just the thing needed in order to gain the proper credibility and trust that is essential for a successful collaborative consultant and client relationship.
Executive Summary Monkees Boutique of Greenville, North Carolina, is an upscale women’s boutique that sells designer casualwear, shoes, jewelry, handbags, and more. Monkees brand specifically targets a more affluent clientele. They opened in 1955 and had their first store open in Wilmington, North Carolina. Sixty- two years later, they have stores all over the southeast. Their reputation and their brand is everything to them, and you can see this as soon as you walk into any of their stores.
SWOT analysis of Bed Bath & Beyond Strengths Bed Bath & Beyond is a well-known, popular company within the home furnishing stores industry. The company is regarded as an industry leader in terms of staying ahead of marketing trends and growth strategy. The company has zero debt.
. What is your assessment of the ways in which Chipotle has responded to the food poisoning incidents in some of its restaurants? Considering that they participated in the shutting down of all contaminated stores while providing deep cleaning services and a complete and thorough review of all their practices, I would state that they handled the situation responsibly. 2.
Knowing were clients are coming from and being able to identify with stories
Although there are more women practicing pharmacy than their male counterparts, pharmacy ownership is still mostly male-dominated. Owning a pharmacy is a difficult path, and only a few are brave enough to forge that path. One such woman is Dr. Jenna Clack, owner of Clack-Co Concierge Consulting. Dr. Clack started her business in Midland, TX after graduating from University of the Incarnate Word’s Feik School of Pharmacy in 2013.
Air Canada outsourced 95% of their IT services to multiple suppliers. This caused problems to the airline because if there is any problem with the outsourced system, it cannot be solved quickly. To deal with this problem, Air Canada assigned IBM to act as an integrator in which they had to integrate new applications with the existing applications. Even if IBM acted has an integrator, they were unable to fix major problems quickly. Some problems were very complicated to be identified which depends on the number of vendors involved in developing the system.
Redbox/Coinstar The challenges Redbox is facing now are that more competitors are trying to enter the movie rental market. The success of Redbox has other companies looking to compete due to the appeal of this type of industry. The core competency for this company can be described as innovative. This is due to the ability to serve as a source of competitive advantage over its rivals.
This goal of the partnerships, mergers and acquisitions will welcome the professionalism in the management of Barclay’s affairs. Through mergers and acquisitions, it will be able to reduce the unfavourable competition and reduce cost of initial set-up that is more expensive than rebranding and acquired firm. Partnerships reduce costs by providing economies of scale. Mergers, on the other hand, reduce risk of venturing into new markets. These engagements allow firms to leverage risk on their combined assets thus lowering the risks associated with doing business.
They developed a back-office accounting software product. They believed that flat organisational structure, collegial culture would strengthen employee morale and also heighten company performance. With 25% of client renewal rate and most of the clients retained services for at least 4 years, the firm earned good revenues. It had about $100 million in revenues and 400+ employees in its regional offices. The founders retired and the new CEO looked for young sales directors.
The Core Competencies of Effective Business Consulting Services The art of business consultation is a more nuanced and subjective process than some may realize at first glance. There are plenty of standard practices that industry veterans continue to use, but most consulting firms view and define them differently. Each consultation job is a different case, and there’s no single process that works for every client. There are, however, more enlightened ways to view the fundamentals of effective business consulting practices. Common Views of Business Consultation
I strongly recommend their training should be less short-sighted but serving every potential customers in rational
When we talk about architecture as a professional activity we do recognise the contribution of different people in the designing process and successful completion of a project. But out of all the relationships among the professionals, a successful Architect –Client relationship plays the most crucial part. Assuming that this relationship can be structured, the researchers have been developing models for a systematic strategy to address the problems and gaps in management of this relationship. In this research, I want to acknowledge the psychological and sociological perspective of this relationship and enhance our understanding of the problems of this relationship.