How to be a badass consultant and deliver value to your customers
Sometimes to create value in the firm, or manage a huge number of complicated projects you have to set up a Project Management Office (PMO). PMO is responsible for making sure that all strategic projects will be delivered on time. PMO has to also analyze and select projects and support project managers in managing project …
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Consulting firms are hired very often to help with Mergers & Acquisitions. Those projects are difficult as you have to deliver results fast and you have to deal with many stakeholders. You not only have to help select potential targets, model businesses in Excel but also you will have to estimate the potential benefits of …
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During consulting projects, you will be doing plenty of interviews and meetings. In the beginning, you may find them very stressful and challenging, especially, when you have to talk with directors, managers that are much older than you, and that have much bigger experience than you. Luckily, there are a lot of interesting techniques that …
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During consulting projects, you will have to, one way or the other, conduct quite a lot of financial analyses. Even if you don’t want to be a master of finance I would suggest learning the essential financial analyses. Such analyses will not be the most exhilarating part of the project, but without them, you will …
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Consulting firms are also hired to improve the cash flow of the firm. It may be a part of attempts to save a failing business from bankruptcy or simply improve the returns for the shareholders. Improving the cash flow, liquidity requires a certain methodological approach. In this post, I will show you the main methods …
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To build a business you need a good idea that you can explore and develop. Unfortunately, coming up with good business ideas is not easy. That is why quite often firms hire Management Consultants to help them with this sort of project. I will show you briefly different methods that you can use to come …
Every company has to control costs in order to survive and prosper. Therefore, many firms on regular basis perform cost reduction projects. Cost reduction projects may be part of a wider Performance Improvement Project or be a standalone project carried out only in one of the business units. Those projects are extremely interesting because you …
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A few years ago I have seen a documentary movie showing a refugee camp. To my surprise they have managed to create a mini economy inside the camp. There was a school, hairdressers, church, modest fast foods and small workshops. In other words even if the worst happens a new balance is created in which …
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Management consultants have learned to sell all sorts of weird projects to their clients. Some of them were born out of the need of the customer. Others were developed internally by the consulting firms. Consulting projects differ drastically and I will try to shed some light on the main types of projects you can come …
Consumer goods are tough. You have so many customers that you cannot threaten them or negotiate with them. You have to think about segments, trends and act indirectly with a lot of marketing and indirect sales. That’s why consulting projects devoted to consumer goods are so much fun. You can do their plenty of interesting …
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