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Top 4 Challenges for Management Consulting Firms in 2019

According to the data published by the Hindustan Times, management consulting segment contributes approximately $1.5 billion to the overall revenue of the business consulting industry. Today this sector is facing a host of business challenges that needs them to adapt to the changing scenario. The forces contributing to the issues confronted by the management consulting firms include digital transformation, ...

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Strategies to Improve Your Business Performance

During my interactions with business leaders, they often mention having experienced a sense of stagnancy after a few years of successfully running their organizations. Post the initial phase of success there comes a period where there are no upward spikes in the business graph. Customers are retained but you know that they are on the lookout for something better, employees have settled in routine and happy ...

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Importance of Performance Management Systems

Performance Management is a critical business system that generally gets the last place in the priority list of organizations because it is commonly believed that once the targets are set and people are communicated on deliverables the work will be done. Interestingly, I found after talking to many entrepreneurs that there is a tendency in the organizations to consider performance management from the limite ...

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4 Intelligent Ways to Inculcate Leadership Development in Startups

Many of the startup owners out there think that business is an alive, breathing entity with a mind of its own but contrary to this opinion they cannot grow by themselves. For a startup to flourish it needs to have a strong-willed leader and a team of individuals who take the onus on themselves and work like they own the business. This can only be achieved through leadership development amongst team members. ...

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Adapt To Evolve: An Insight into How You Can Consciously Change Your Company Culture

Your business is only as good as your company culture, period. Every business development consultant will confirm this theory and ask you to follow it. Majority of the business stalwarts out there have understood this fact and leveraged this aspect as the key performance booster for their businesses. A brand that has a high-performing company culture has successfully broken the barriers of mediocrity and se ...

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4 Solid Reasons to Hire a Business Consultant For Your Startup

Every startup owner in the world comes face to face with a major dilemma while starting their endeavor and it is – should you hire a business development consultant or not? The answer is always without a second doubt, yes! Confused? Let us tell you why your dream business startup needs to be backed by an experienced consultant. But first, let’s get the basics out of the way. Who is a business consultant? Yo ...

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5 Compelling Reasons You Need To Hire A Management Consultant

Many organizations have the lofty and ambitious vision and mission statements, setting down the heights they desire to achieve. But some of these statements never really fructify and only serve as a wall piece with flowery words. This failure can be at least partly attributed to the ignorance about the right path. Many businesses adamantly believe that all problems can be solved in-house. However, there are ...

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How Do Management Consulting Firms Benefit Your Company?

In today’s fast-paced world, it’s a tough race for businesses to survive and succeed. In order for a good economic growth, it’s important for organizations to increase their income while minimizing costs. The everyday activities are enough to keep the businesses occupied to spare the time for contemplation and optimization. This especially holds true for small to medium businesses where all the stakeholders ...

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How to know if you are hiring the best HR consulting firm for your company?

Many business owners do not have the time and the resources to handle the day to day HR tasks. Even if they do, it is still way better to consult a specialized agency than investing time in setting up their own Human Resource. This is true at least in the beginning when you are just warming things up and need to minimize your risks and maximize your results. An HR consultant can help you in more ways than y ...

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A Pragmatic Approach to Execute an Effective Talent Management Strategy

The core purpose of a talent management strategy is the identification, selection, development, and retention of the best resources for your organization in a long-term association. A company is majorly sustained by its people. The employees shoulder the company to reach its goals. Thus, having a good plan in place is a prerequisite. Remembering these pointers will ensure your organization is on the right t ...

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