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Industry & Career Insights

Stop Getting Stuck in the Medium-Term of Your Career

A post at Consultants Mind points out that many of us fixate too much on the “medium term” of our career paths, a period approximately between six months and three years in the future. Often, the medium term is just how long it takes to get through a project of some sort. But sometimes projects (or the equivalent thereof) get interrupted or canceled, and where does that leave your plans? A better solution is to …

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The Digital Marketing Revolution Has Only Just Begun

A post at Consultants Mind examines and summarizes new information from BCG on digital marketing. Among the findings is that digital marketing continues to evolve, and it is on track to surpass TV marketing spend for the first time in 2017. The reason that digital marketing is so attractive is because it allows for real-time feedback on campaigns’ effectiveness. A/B testing and refinement happen rapidly to produce more pointed advertising. Additionally, BCG advocates taking a …

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A Reminder and a Warning on the Peter Principle

Have you heard of the Peter principle before? It is the idea that people keep getting promoted at work until they reach a level where they are too incompetent to excel further. In other words, they settle permanently into a job that they are not any good at doing. A post at Consultants Mind provides a reminder and a warning on this principle. Frankly, I think the idea is a little exaggerated these days, now …

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What Are Perceptions of U.S. Consulting Firms?

There is a phenomenon in business where, in the pursuit of creating competitive differentiation, companies take a lot of big but similar measures. The result is that… the companies all continue to look the same. In a post for Source Global Research, Alison Huntington believes this phenomenon is gripping U.S. consulting firms. She looks at available research, observing the clients of 19 top-rated firms. In 18 of 19 firms, clients rated service quality as high …

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Strategy Firms Are Winning Big with Digital Transformation

As Fiona Czerniawska relates, Source Global Research estimates that $1 in $6 spent on consulting now goes to digital transformation. In other words, digital transformation has become a huge area of profit for consulting. However, data supports the idea that strategy consultants are more heavily favored than technology consultants in this transformation. As Czerniawska says, “we stand at the threshold of a new phase in the evolution of the digital transformation story—a phase that will …

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How to Go Back to Full-Time Work after Being Self-Employed

Have you decided to get out of the consulting game? Are you ready to work for someone else again and enjoy the stability that goes with it? In an article for Fast Company, Gwen Moran shares some tips to help you make the transition back, once you have settled on a job. First, retrain yourself to narrow your work focus; you are no longer expected to do everything yourself, and it might even be inconvenient …

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2017 Consulting Fees Study

What does the consulting industry look like to the people doing the consulting? In a post for Consulting Success, Michael Zipursky shares his data polled from over 25,000 consultants on the subject of their fees. Here are some highlights from their data. Consultants that charge project-based rates make up 34.2 percent of the response, compared to 27.3 percent with an hourly rate and 14.1 percent for a daily rate. Nearly 43 percent make $5,000 or …

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Is Consulting a Curse?

The Financial Times recently referred to consulting as a “curse.” A post at Consultants Mind dissects this article, separating fact from fiction and mostly concluding that the article is full of hot air. Go figure. On the fact side, the author agrees with the article when it points out that “best practices” and benchmarking come with caveats; he says, “Benchmarking might be a good yardstick, but it is not a compass.” On the fiction side, …

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Can Everybody Win with Remote Working?

Businesses are increasingly embracing the concept of remote working and expanding the ways they allow employees to use it. Consultant News shares research brought by Regus that finds 56 percent of workers concentrate better when remote working. Additionally, 58 percent of workers believe remote working helps them be closer to clients for important meetings. How, exactly? Not sure, but that is what they say. And promisingly, 35 percent of business managers and directors intend to …

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3 Ways Accenture Allows Mothers to Have Full Careers

It is a well-known and unfortunate phenomenon that mothers can get shortchanged in their career paths, due to a perception that they cannot be as dedicated to work because they are raising kids. Now that this has at least become a topic of discussion though, steps may be made toward rectifying it. In an article for Inc., Romy Newman highlights three ways that consulting juggernaut Accenture enables mothers to have full careers. Firstly, Accenture offers …

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