Consulting firms are hired very often to help optimize processes and improve the quality of the products delivered. One of the frameworks used is the so-called Six Sigma which tries to find the root cause of problems using simple statistical analysis In this post, I will show you the main concepts. For more details, I …
How to create a lean office?
To stay competitive, you have to constantly look for improvements. In such situations, a lot of lean manufacturing techniques come in handy, even if you have mainly office workers. I will show you briefly how you can use lean manufacturing tools and other techniques to create an efficient lean office that helps you introduce your …
How to improve the cash flow of the business during consulting projects.
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 …
Continue reading "How to improve the cash flow of the business during consulting projects."
How to cut costs – best practices from consulting
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 …
Continue reading "How to cut costs – best practices from consulting"
How to change your business during the recession caused by coronavirus
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 …
Continue reading "How to change your business during the recession caused by coronavirus"
Types of consulting projects
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 …
How to create a strategy?
How to create a strategy? Management Consultants are extremely good at creating a plethora of strategies, tactics, and frameworks. They all sound interesting but at the very end, you don’t know how to use them and how do they interact with each other. Below is a nice picture showing just a handful of them. If …