Category: management consulting

Financial Engineering: A New Consulting Frontier?

Management consultants are known for their expertise in business strategy and operations. However, because most large businesses rely heavily on numbers, most consulting firms provide advice based on financials as well. After all, ultimately what matters most to any corporation is increasing profits. As a result, one growing practice that represents a relatively untapped potential…

Revenue of Top 20 Firms

No matter what industry you’re in, there’s most certainly a management consulting firm that specializes in your field. The management consulting industry is booming, bringing in an estimated $250B a year. These firms range from tiny boutique firms that specialize in one practice area or industry up to the Big 4 that employ hundreds of…

Do Bundled Payments Improve Healthcare?

Bundled payments became common during the Obama Administration as part of a strategy to increase the efficiency of the healthcare system by eliminating unnecessary procedures and reducing health care costs for consumers. What are bundled payments, and do they improve healthcare? Let’s explore. What Are Bundled Payments? What are bundled payments? In bundled payments, the…

Business Innovation

Business innovation is not a complex concept. It simply means doing something new and different. It could look like better meeting customer needs, solving a problem, reducing costs, or increasing employee satisfaction. Certainly, there are major business innovations that take the world by storm such as the Model T Ford, personal computer, iPhone, or plant-based…

Circular Supply Chain: A More Sustainable Option?

“Circular supply chain” is a big part of business lingo these days, but what does it actually mean, and is it a more sustainable option? The circular supply chain business model is increasingly in demand in an eco-conscious society, but you might find that the circular economy supply chain has other benefits in addition to…

What Causes Inflation?: Common Questions About Inflation

What are the main causes of inflation? Or you may be wondering more broadly, how is inflation caused? These days, it seems like everyone is asking these kinds of questions as inflation continues to increase. Many people understand that inflation means that prices are rising. But why are they rising? In this article, we will…

Implementation Consultant: What They Do & Salary Data

What are implementation consultants and what – exactly – do they do? There are many different types of consulting, which can get confusing when you’re deciding where exactly you want to enter the industry. Today, we’ll help clear up some of the confusion. With a focus on project management and business analysis, implementation consultants play…

Business Impact Analysis: Steps & Why It’s Important

Business impact analysis is used to predict the results of a disruption to a business and to develop mitigation and recovery plans. Business impact analysis involves risk assessment, scenario planning, and analysis of investment in prevention relative to cost of disruption. In this article, we’ll define business impact analysis a bit further, run through a…

Diversity Consultant: What Do They Do?

A diversity consultant is one focused on increasing the level of inclusion (i.e., mix of racial, gender, sexual orientation, or socioeconomic perspectives) within a firm. In this article, we’ll explore the fairly new roles of diversity consultants in more detail. We'll compare diversity and inclusion consulting to racial equity consultants, and explore the benefits of…

Online Banking Shifts to Digital Banking: What This Means for Bank Revenues

Digital banking has been steadily gaining market share over the past decade. However, in 2020, the adoption of digital banking grew exponentially. The pandemic caused banks to limit branch hours. Not only that, many people were hesitant to use cash in transactions for fear of infection. This caused a major shift in banking habits. People…