.............................................................. 4 Definition of the Industry ............................................................................................................................. 5 Characteristics of the Consulting Market ..................................................................................................... 5 McKinsey’s Competitive Advantage....................................................................................................
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Company’s background: McKinsey & Company is a privately owned management consulting firm that focuses on solving issues of concern to senior management in large corporations and organizations. Known among its employees simply as "The Firm" McKinsey & Company was founded in Chicago in 1926 by James O. ("Mac") McKinsey. McKinsey was a professor at the University of Chicago who pioneered budgeting as a management tool. Marshall Field’s became a client in 1935‚ and soon convinced James McKinsey to
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bridge‚ partner‚ and mold the two concepts. But how does one accomplish such a mission. Many seek the guidance and partnership of a consulting firm. They contract these firms to satisfy a number of their needs. One of the fundamental reasons for hiring consultants has to do with their exposure of the contracted firm. The theory is‚ the contracted consulting firm is exposed to other companies in the industry. Therefore‚ this should give the contracting company indirect access in to success practices
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References: Gatesix (2008) Gatesix Inc. Retrieved February 8‚ 2009 from http://www.gatesix.com/. IBM (n.d.). IBM Services. Retrieved February 7‚ 2009 from http://www.ibm.com/technologyservices/us/en/. MIT Consulting (2009). MIT Consulting Services. Retrieved February 8‚ 2009 from http://www.mitconsulting.ca/index.php?ref=services. SCR Associates (n.d). SCR work sessions and intranet. Retrieved February 6‚ 2009 from http://oc.course.com/sc/sad7e/scr/intranet/index.cfm.
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Leading Player in Software/ ISV R&D & Consumer Software Segments. Ranked Highly in Cloud & Enterprise Mobility Segments – Zinnov Management Consulting © 2013 Persistent Systems Ltd Our Business Strategy – 4 x 4 x 4 • • • • • • • • 3 Technology Telecom Life Sciences Banking & Financial Services IP-led Business Technology Consulting Strategic Alliances Product Engineering (OPD) • • • • Cloud Mobility Analytics Collaboration © 2013 Persistent Systems Ltd
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Cases 16-1 Dallas Consulting Group “I just don’t understand why you’re worried about analyzing our profit variance‚” said Dave Lundberg to his partner‚ Adam Dixon. Both Lundberg and Dixon were partners in the Dallas Consulting Group (DCG). “Look‚ we made $80‚000 more profit than we expected in 2012 (see Exhibit 1). That’s great as far as I am concerned.” Continued Lundberg. Adam Dixon agreed to come up with data that would help sort out the causes of DCG’s $80‚000 profit variance. DCG is a
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overall business philosophy that can provide useful guidance for employees seeking to please their managers. Distinguish between consultation and engagement. Describe briefly the main types of consultant firms. Management Firms Management consulting firms help companies improve overall management. According to The
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Industry At the moment‚ VINAconnect has participated successfully in IT consulting industry for 20 years. According to Aromal (2008)‚ IT consulting is a specific field which concentrates on supporting business to take advantages in competition or development in industries by applying new technology. Even though this company has just been found in 2011‚ it started operating in the industry under other name as Openasia Consulting. Through many years in operation‚ VINAconnect has been part of many projects
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What is your opinion on how Kindred Todd handled the situation? In the case of Kindred Todd and Larry Stepchuck’s OD consulting firm there is the good and the bad. Kindred Todd faces an ethical dilemma because the president of the OD consulting firm‚ Larry Stepchuck‚ wrongly sells her as an expert in the method of continuous quality improvement (CQI) to a client that is‚ “ important and potentially large opportunity for our firm.” Kindred Todd addresses her concerns to the President and is told
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employee Organizational chart 3. Jesse says that SCR has plenty of competition in the IT consulting field. Get on the Internet and find four other IT consulting firms. She wants a brief description of each firm and the services it offers. Also tell her which firm impressed you most‚ and why. Accenture Website: http://www.accenture.com/us-en/pages/index.aspx Accenture provides management consulting‚ technology and outsourcing services‚ with approximately 266‚000 employees; offices and operations
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