Management consulting is one of the last industries to face disruption in the digital age. While the top-tier firms may have the client base and reputation to continue employing the traditional consulting business model, many small and mid-sized firms are challenged by the new climate technology has created.
Consulting frameworks are an important tool for management consultants. Well-known frameworks are taught in business schools, and they frequently play a major role in the consultant hiring process during case-based interviews.
When you ask your manager, peer, or client for feedback, have you ever received a response that goes something like this:“This document looks good, but…?”
In today’s fast-paced business world, the expectation that businesses can perform more rapidly is ubiquitous. The consulting industry is no exception; with a plethora of digital tools available to enhance traditional business functions, consulting clients are demanding greater ROI at greater speed.
The lack of digitally enabling processes means the industry is ripe for transformation. So far many consulting firms are in the nascent stages of the journey, 9Lenses’ Digital Transformation in Consulting Ebook explores how the industry is beginning to digitally change in response to trends and advice they offering their own clients.
Many consultants are embracing and selling digital business strategies that will benefit their clients. However, few are using these same digital methods to better their own firms. The leaders of these firms are missing out.
An organizational assessment is a systemic approach for consultants to discover how well their client organizations are performing and where they could improve in order to perform better.
Four years ago, the Harvard Business Review published an article that predicted the disruption of the consulting industry as a result of the evolving digital economy.
Last year, we noted that a significant market challenge was the lack of a clear digital transformation definition. On the surface, digital transformation simply means the transformation of a business to a more digital state.
Cultural integration is key to digital transformation efforts. Lack of cultural integration is a pervasive issue for consulting firms on the digital transformation journey.