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Featured Articles
Daimler Chrysler's Consulting InfoBase

Many companies complain that their internal consulting landscape is jagged and fragmented.They have no systematic way to deal with consultants and cannot identify the ones they have already worked with or learn what fees were charged for which benefits. Furthermore, consultants receive acclamation without any type of evaluation, which leads to the uncontrolled diffusion of consulting projects and consultants. Because of unmanaged commissioning, different consulting firms may work in one company on the same problems in a wasted opportunity to bundle consultants' services.

Obedience to the Unenforceable

Can you articulate a personal code of ethics?

Our management consulting as sociations and firms have their ethical codes. Many of their members commit to them annually by quickly signing a statement agreeing to abide by their code’s provisions. I have done this myself, recognizing that this was the same code I had agreed to for several years running and so just appending my signature. There was no need to read it; if it was valid when I joined, it must be valid still.

Opportunity or Siren Call

TEN YEARS AGO, Jerry, Clifford, and I talked strategies over a long lunch. Jerry was a solo consultant. Clifford had two other partners in his consulting firm, plus several dozen contract employees. Clifford and his first partner were both Ernst alumni, while their third partner came from Deloitte. Nobody had a better view of their businesses than me, since I sat on both their boards. Rather than tease you with suspense, may I divulge now that Jerry’s personal income in 2004 was $12 million?


Recent Articles
A story about story

Frenetic business activity. The world of work is increasingly characterized by uncertainty. It’s like being thrown into a rough sea amid pounding waves. Rapid and continual waves of change, a less stable workforce, diversity in different guises, fast technological development, more and more legislation requiring compliance, social and environmental concerns, less depth in our personal and working relationships, greater complexity. Globalisation, regionalization and the internet mean that information, ideas, perspectives and products cross disappearing boundaries, faster and faster. We live in a work-world of frenetic activity. How can we stay afloat?

Incorporate Publications into your Marketing Strategy

Management consultants are asking themselves a tough question: What is the most effective way to develop new business? Referrals and networks still work well, but they take up valuable fee-earning time and cannot easily be scaled. Attention inevitably turns to marketing—but can mar-keting really help to grow such an intangible, people-oriented business? There is evidence that it can indeed.

What Are They Thinking

Wouldn’t it be great if you could get inside the minds of your audience and know what they are thinking about you and your presentation? Actually, you can—by reading their body language. Once you know what they’re thinking, you can respond and have a successful presentation. Learning a few simple body language signals can help you discover the answers to the fol¬lowing questions.

When to Fire a Client

Many of us have had clients who were unreason¬able, unrealistic, and sometimes reluctant to pay on time (or at all). Are such clients worth our investment of time and energy? If we fail to consider this question, we—experts in common sense and the guiding lights for client profitability—have committed the most basic of sins: not practicing what we preach. To be fair, clients have had their share of disappoint-ments after working with consultants. One of my clients, for example, once hired a large con¬sulting company to build a corpo¬ratewide cost-reduction program. Their goal was to reduce expendi¬tures by a certain percentage, and they were intent on meeting their objectives across the board. The good news was that they met their targets and reduced overall costs. The bad news was that they also witnessed a major drop in customer loyalty, because the consulting firm had not assessed the impact that cost reduction would have on customers.

Book Reviews - Joy at Work; Make the Rules or Your Clients Will; The Future of Work

In 1982 Dennis Bakke and Roger Sant, coworkers at the Mellon Institute of Carnegie Mellon University, Formed Applied Energy Services (later AES) with a $60,000 bank loan and some private investment. Their idea was to create an enterprise that valued people in all contexts—as employees, customers, suppliers, and society in general.


Announcements
Thought-Leader is live for IMCSA members - Monday, May 31, 2010

As an IMCSA member, you will have been notified that you are now subscribed to Thought-Leader. This is your official professional magazine and you are encourgaed to submit articles for CPD points or merely to add value to the community of professional advisors!

 
Thought-Leader Ready To Launch! - Tuesday, May 25, 2010

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