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Archive for the ‘consulting’ Category

Et tu Bloomberg?

September 1, 2017 Leave a comment

As if ML killing off consulting wasn’t enough, FT reports that Bloomberg has launched a consulting practice focused on brand, communications and marketing to start with. Apparently they already have 5 clients, plan to hire up to 25 more this year and charge around $150-200k a month for a team. Worth a quick scan.

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Categories: consulting, trends Tags: ,

The end of consulting?

August 30, 2017 Leave a comment

Provocative article in HBR (“AI may soon replace the most elite consultants“) that predicts that the end is near for management consulting firms, basically through a combination of ML + a voice interface. It’s a bit sparse on data, but it catalogs a bunch of scenarios where a management team could potentially ask Alexa (e.g.) a set of questions that they would normally hire a consulting team for.

My thoughts on whether this will come to pass are obviously biased. I think companies use consultants for a variety of reasons, only some of those being ones that can be fully automated. However, it would be presumptuous to assume that ML won’t be able to help / supplement what consultants do. In fact, most consulting firms that I know about are already preparing the next generation of consultants to be even more analytically savvy.

Worth a quick read.

Funny: How consultants wish they traveled

Another classic from the New Yorker. Reminds me of how consultants wish they were treated while traveling.

Ruling-class

Categories: consulting, funny, travel Tags: , ,

Funny: Eating out

January 10, 2017 Leave a comment

The last thing that consultants typically look forward to is eating out when they return home, especially if they have been travelling the majority of the week. I thought the following cartoon from the archives of the New Yorker would strike a chord with those consultants that have families.

file3

Categories: consulting, funny Tags:

What it feels like to be a buyer (of consulting)

December 23, 2016 Leave a comment

It’s always good to step back and view the world from alternate viewpoints; for consultants this should of course mean our client’s perspective. I came across this great chapter on how clients choose consultants from David Maister’s book “Managing the professional firm”; a summary of how clients feel is in the table below.

buyer

If you haven’t read this classic book, you should. It’s full of great tips and insights especially for the more experienced consultants.

Categories: consulting, tips Tags: ,

Hotels:The view from the other side

December 27, 2015 Leave a comment

Consultants would feel right to assume that they know something about how hotels work, since they are in them ~3-4 nights a week.

heads in beds

But not is all as it seems. I finally got a chance to read a book (“Heads in beds“) from a hotel worker that offers a perspective from the other side of the check in counter. Key takeaways:

  • Hotel workers hate their jobs
  • Private Equity is evil
  • Don’t try to stiff the bellman
  • Checking in with a $20 (or a $100) works wonders for upgrades
  • The rest of the hotel staff hate the concierge (as well)
  • They don’t really clean your room (or the glasses)
  • You don’t have to pay for the movies or the mini-bar

 

It’s a bit puerile, but laugh out loud in some parts. The appendix alone is probably worth the price of the book. Worth a read.

Categories: consulting, travel Tags: , ,

A peek into the future of consulting?

November 8, 2015 Leave a comment

The Economist had an early review of a new book that promises a look into the future of professional work (including, I’m assuming consulting).

future of professions

The summary seems to be that technology is going to take away a lot of the work that we normally do. I agree on the mundane things (gathering data, looking for trends, …); I’m less convinced when it comes to the non-sexy, but essential part of consulting (e.g. managing clients, understanding client dynamics / politics). Looks interesting.

Categories: books, consulting, future Tags: ,