Cultural integration is key to digital transformation efforts. Lack of cultural integration is a pervasive issue for consulting firms on the digital transformation journey. A 2017 study by Prophet consulting found that cultural barriers were one of the top three challenges for digital transformation initiatives.
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8 Things Top Consulting Firms Do Differently
Each year, Vault.com releases its ranking of the Top Consulting Firms, known as the Vault Consulting 50. This annual ranking asks current consultants to rate their perceptions of industry peers as well as their own firm on various metrics such as prestige, culture, and work-life balance. Major swings occur in rankings from year to year, but as a firm climbs to the very top of the list, the change becomes relatively stable.
Digital Consulting – Practice What You Consult
Digital consulting has emerged from the market move towards digitization. Companies have been actively adopting technology to augment their operations for decades, but many may not be doing so optimally.
Develop Your Workforce with Talent Management Assessments
In order to benchmark employee progress toward desired values and skills that are unique to your company, assessments must be administered at regular periodic intervals. Many organizations struggle with spreadsheets or online survey tools. Manual data aggregation and calculations take too much time.
How to Maximize the Stages of the Employee Life Cycle
With the high costs of disengagement and employee turnover, it’s a little wonder that companies are looking for ways to optimize the stages of their employee life cycle. “The cost of disengagement is staggering – it leads to more than $450 billion in lost profits in the U.S. annually!” as per Gallup’s State Of The American Workplace:Employee Engagement Insights For U.S. Business Leaders.
5 Ways Consultants Can Ensure Clients Implement Recommendations
Consultants have the opportunity to create change in client’s organizations, but change doesn’t happen unless they ensure recommendations are implemented. Most consultants have faced the difficult situation in which clients don’t quite seem to agree with the suggestions brought to the table. However, if you follow the five suggestions below, you can proactively ensure that your clients will implement your recommendations.
Consulting Process – Understanding The Discovery Phase
The first step of the consulting process is the discovery phase. Discovery involves gathering data from multiple sources before the consultants apply their expertise to solve a business problem. The discovery phase of a consulting engagement is therefore key to the consulting process. In a resource-constrained environment, speed and quality are essential to successful client discovery.
7 Key Stages of a Consulting Project
So, you’ve impressed the client with your proposal during the RFP process and received the green light for the consulting project. Now comes the difficulty of actually starting the process of gathering information, compiling data, and discovering insights which will drive value for the client. During a client engagement, consultants will typically pass through 7 key phases or stages.
15 Consulting Questions for Successful Client Discovery
Client discovery is one of the key stages of a management consulting engagement. During client discovery, the consultant dives below the client organization’s surface to gather details on the facts that the client has provided, test hypotheses, and probe deep into whatever problems the organization is facing.
Infographic – Top 12 Digital Consulting Benefits
Digital transformation has a number of benefits for consultants. From establishing new revenue streams to data management to collaboration, digital capabilities transform every part of the consulting workflow, and firms can see clear digital consulting benefits at every step of the way.