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Kennedy Information - Global Consulting Market 2014
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Kennedy Corner

  • »Show Me The Money
    Management consulting is a cash business. Now salaries and bonuses within the consulting industry are certainly not at the stratospheric levels enjoyed by their kindred brethren in investment banking. But consultants generally do realize much-better-than-average wages relative to their counterparts in the corporate world.
  • »Will ‘Knowledge Workers’ (Consultants) Be Replaced by Machines? It’s Possible
    The management consulting industry to date has been largely unscathed by the wave of technological change. However, there are signs that digital technologies are now beginning to disrupt the management consulting industry as well, with potentially deep and far-reaching consequences.
  • »A Force in Consumer Banking
    Banks have been stepping up their customer satisfaction game in recent years against the typical market forces at play. The pace of change has been head-spinning for an industry not well known for its swift response to customers.
  • »Time To Simplify and Get Organized (Well, At Least Your Cloud Services)
    The practice of adding cloud services in silos and based on specific department needs often results in overlapping and many different contracts with the same vendors.
  • »Riding the Waves of Healthcare Risk
    The modern healthcare system is much like the ocean—stormy, choppy, and hostile at times, soothing, calm and inviting at others. For surfers, the more waves you go for, the more you will catch, and the more likely you’ll “wipe-out.”
  • »The Department of Defense Wants a New Mantra
    “Do more with less.” It’s become a tired refrain that U.S. Department of Defense leadership is all too familiar with hearing from all directions, whether it is their direct superiors, Congress, or the Executive.
» View all

Travel Advisory

  • »Marriott Goes Big in NYC
    Marriott International, Inc. and G Holdings opened what they’re calling an “iconic addition” to the New York skyline, a combined 378-room Courtyard hotel and 261-suite Residence Inn hotel in midtown Manhattan. The $320 million, 68-story property is the tallest single-use hotel in North America.
  • »Extended Stay America Offers Rooms to Patients
    Extended Stay America is teaming with the American Cancer Society to provide some 10,000 free nights, as well as another 10,000 discounted nights, in its hotels to cancer patients who are forced to travel to receive treatment.
  • »Oakwood Worldwide Expands NYC Presence
    LOS ANGELES—Oakwood Worldwide expanded its portfolio in New York with new corporate apartments at the newly renovated 25-story property called The Nash.
  • »Best Places to Stay: Travel Bounces Back
    Consultants are on the road again, at least according to the results of our annual Best Places to Stay survey.
» View all

Book It!

  • »Q&A: Keeping It Simple
    BCG’s Six Simple Rules sets out to simplify some organizational complexity.
  • »Review: Leading the Life You Want
    It seems that everyone has an opinion on work/life balance these days, but Stewart D. Friedman’s Leading the Life You Want isn’t necessarily one of them.
  • »Review: The Culture Map
    Globalization led to the rapid connection of internationally based employees from all levels of multinational companies, and now those same employees are expected to collaborate with colleagues scattered all over the world.
  • »Review: Twitter is Not a Strategy
    Today’s digital frenzy has led many to declare that advertising is dead… or at least dying. Is it?
  • »Excerpt: Procurement as Productivity
    The following is an excerpt from the book Procurement 20/20: Supply Entrepreneurship in a Changing World by a quartet of McKinsey & Company consultants—Peter Spiller, Nicolas Reinecke, Drew Ungerman and Henrique Teixera.
  • »Review: The Risk-Driven Business Model
    Most companies focus their innovation on new products.
» View all

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Consulting magazine Newsbriefings

This Week in the Profession

  • »Buck Consultants Launches SavIncent, Incentive-based Employee Wellness Program
    Buck Consultants at Xerox is launching SavIncent, a new financial wellness program that improves employees' financial health and retirement readiness.
  • »AlixPartners Acquires Evidence Exchange
    Strategic acquisition significantly expands firm’s e-discovery services in the most important litigation market in the world.
  • »Deloitte grows 5.7% for Fiscal Year
    Deloitte member firms report record aggregate revenues today of U.S. $34.2 billion for the fiscal year ending May 31, 2014, representing growth of 5.7 percent in U.S. dollars.
  • »EY’s Revenue Up 6% for Year
    EY’s Advisory Services grew 14.4% in local currency, or 13.5% U.S., marking another double-digit year.
  • »KPMG Acquires Qubera Solutions
    KPMG (U.S.) and KPMG (UK) have acquired certain assets of Qubera Solutions.
  • »Huron Consulting Group to Buy Threshold
    Huron Consulting Group announced that it has entered into an agreement to acquire the assets of Threshold Consulting.
  • »KPMG Acquires Workday Consulting Practice from AXIA Consulting
    KPMG acquired the Workday Consulting Practice from AXIA Consulting, a provider of technology and business consulting services to local middle-market and Fortune 500 companies and government agencies.
  • »EY Acquires Boston-based strategy firm, The Parthenon Group
    EY will acquire The Parthenon Group, a global strategy consultancy with 300 professionals in offices in Boston, London, Mumbai, San Francisco, Shanghai and Singapore.
  • »IBM, Apple Partnership Aims to Transform Enterprise Mobility
    Apple and IBM announced an exclusive partnership that teams the market-leading strengths of each company to transform enterprise mobility through a new class of business apps—bringing IBM’s big data and analytics capabilities to iPhone and iPad.
  • »KPMG acquires 2014 Seven Small Jewel winner Zanett Commercial Solutions
    KPMG Acquires Business and Technology Consulting Firm Zanett Commercial Solutions.
» View all

CMAG.COM EXCLUSIVES

Consulting magazine Online Exclusives

Features

  • »The Well-Balanced CEO is a Paranoid Optimist
    No company wins all the time. It’s not realistic to think a CEO won’t face problems during their tenure. I managed NetQoS through thirty-one consecutive quarters of double-digit growth, but that winning streak was bookended by the recession after 9/11 and the great recession beginning in 2008.
  • »HighPoint Solutions Gains Agility and Scalability for Rapid Growth with NetSuite OpenAir PSA
    Founded in 2000, HighPoint Solutions has experienced exponential growth becoming the premier provider of specialized IT services globally, by focusing on serving the life sciences and healthcare industries.
  • »The State of Digital Marketing in 2015
    Heraclitus, an ancient Greek philosopher, said “The only thing that is constant is change.” Nowhere is this truer than in the digital marketing arena.
  • »Social Collaboration: The Cornerstone of Your Consulting Firm?
    In the virtual business environment of most consulting firms, remote working—across states or the globe—and collaboration among engagement teams and clients, is absolutely essential. Does your current platform support this type of streamlined communication to aid in improving operational performance and employee productivity?
» View all
Consulting magazine Interviews

Interviews

  • »One on One with the Keystone Group’s Andy Rolfe
    Back in 1991, Andersen consultant Andy Rolfe reached the fork in the road all-too-familiar to career consultants: to partner, or not to partner? He enjoyed his work at Andersen, where he helped them build their strategic services practice, but he believed in doing things a certain way, and knew that moving a ship as large as Andersen would take more time than he was willing to wait. So he set out on his own.
  • »One on One with ACME Consulting’s David Kelleher
    ACME Consulting's growth is showing no signs of slowing down. Co-founder and Senior Manager and Principal David Kelleher says the firm is still looking at an annual compounding growth target of 30 percent as it expands into new geographies to help clients solve their most pressing problems. 
  • »One on One with Robert Wise from Kennedy Consulting Research & Advisory
    Consulting firm compensation is a hot button issue these days. While the industry overall enjoys solid growth, compensation at consultancies has actually remained somewhat flat. This has resulted in more consultants staying put at their firms, and lowering industry-wide attrition. Is that necessarily a good thing?
  • »One on One with BCG's Scott Hefter
    “Effective” and “government” are rarely words uttered in the same breath, especially these days. So needless to say, making government work better is a big business. It’s why BCG has hired operations expert Scott Hefter as a Partner. He sat down with Consulting to discuss his new role and his plans for growing the practice.
» View all
Consultants on Consulting

Consultants on Consulting

  • »5 Pricing Strategies: More Projects at Higher Fees
    Look no further than the gas pumps to see the extraordinary, often nonsensical, choices made by shoppers reacting to comparisons. You may be tempted to dismiss such behavior as irrelevant and only applicable to low-impact decisions like choosing a brand of gasoline or even a new computer. However, the truth is the vast majority of choices are strongly influenced by comparisons.
  • »Staying Afloat in a Megatrend World
    Deep-rooted economic, social and demographic trends are changing the way we live and work. It’s down to consultants to demonstrate how they can help clients stay afloat in choppy seas and anticipate the rogue waves on the horizon, argues Hay Group CEO Stephen Kaye.
  • »When It Comes to Healthcare: Focus on Nursing
    In this uncertain healthcare environment, a distinct demand exists for outside experts who can help guide healthcare professionals through a changing, and often confusing, regulatory environment. Consultants with expertise in a specific aspect of care or avenue of delivery have ample opportunity to influence the healthcare field—especially those who can inform and improve hospitals’ nursing practices.
  • »Six Keys to Consulting in the Middle Market
    For many consultants, working with large corporations has significant appeal. With the revenues of the Fortune 500 greater than 75 percent of U.S. GDP, the impact of big business on the economy is hard to overstate.
» View all

Focus: Client Industries

High Tech

High Tech

  • »Digital is the Default
    The Digital Consumer Economy has arrived. Forming a cohesive digital strategy, as well as leveraging new tools to interact with and understand customers, are quickly becoming mandatory parts of doing business.
Communications

Communications

  • »Pace Harmon Now Employee Owned
    Pace Harmon announced that it has implemented an employee stock ownership plan (ESOP) as it completes the transition to a 100 percent employee-owned company.
Healthcare

Healthcare

  • »A Critical Condition
    Even amid some very good news, the state of healthcare remains in need of some pretty intensive care. Upheaval, transformation and disruption define the delicate and chaotic state of the industry. Can consultants find a cure?
Manufacturing

Manufacturing

  • »A Seismic Shift
    Over the last three decades, developed economies have enjoyed the benefits of first-mover advantage in globalizing their operations, which has given a major shot in the arm to the West’s bottom line. Deloitte’s recent report, Business Trends 2014: The Next Wave of Globalization, shows leaders in the developing world are brimming with confidence that sunnier days are ahead.

Focus: Service Lines

Strategy

Strategy

  • »The 2014 Excellence in Social and Community Investment Awards

    Consulting magazine recognizes that some of the most satisfying client work that consulting firms are doing these days is for a higher purpose. And now, to honor and formally recognize these efforts, Consulting is proud to introduce the Consulting magazine Achievement Awards: Excellence in Social & Community Investment.
HR

Human Resources

  • »The New HR Agenda
    Welcome to the world of evidence-based HR, one where consultants are being asked to use analytics and technology to deliver strategic services and sustainable solutions. Talent management remains the top priority, but there’s plenty more on the HR professionals’ plates these days.
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