Category Archives: Consulting

Artificial Intelligence and the Consulting Industry

The same technologies that have led to the growth of consulting companies over the last couple of decades, will begin to lead to a shrinking of those same consulting firms. The increasing diversification of the large global consultancies into other specialties is the first step to what is an inevitable shrinkage forced upon the industry by three factors.

Consulting Industry Caught in the Crossfire

The worlds of employment and business are becoming increasingly turbulent as the stability of the enterprise grows ever shorter, the loyalty of the enterprise to its people faces extinction, and the wealthy countries of the world stand at a precipice of overhanging debt. Increasingly intelligent digital technologies and mercurial customer expectations threaten both people and enterprise at every turn.

Innovation needs all 3 levels of support, so what happens if you miss one?

Innovation needs all 3 levels of support, so what happens if you miss one? - Innovation ExcellenceThe words creativity and innovation are often used interchangeably. For my doctoral dissertation, I had to spend time defining them and reached the following definition of (and relationship between) the two words. Creativity is an individual function. It is the cognitive ability to transcend traditional ideas, rules, patterns, and create meaningful and original ideas. Innovation is an organizational function. It is the generation, production, and marketing of new and useful products, services, processes, or business models. The transformation between individual creativity and organizational innovation is the organizational function of implementation, which is the application of resources to turn an idea into a company output. In a previous article (Who is Responsible for Innovation in my Company?) I discussed the need for three levels of support in the organization to assure the individual generation of creative ideas, and the organizational implementation of those ideas such that they are released successfully into the … Continue reading

Let’s Start a Change Revolution

LetSome people would argue that the pace of change is outstripping our ability as humans to cope with all of the changes we are being expected to absorb. I would argue that we are in the middle of a period of discontinuity thrust upon us by the rapid advances in computing and mobile connectivity that have put a supercomputer in everyone’s pocket and a target on most companies’ backs. Because... Continue reading

Building Firm Value with Thought Leadership

Building Firm Value with Thought LeadershipWhile most consulting firms spring to life and find early success because of the strength of their thought leadership, in general, over time most consulting firms tend to under-invest in thought leadership and as a consequence they find themselves vulnerable to new entrants nibbling around the edges of their core business and see their growth slow and eventually turn negative. Continue reading