...Case Assignment Still Your Turn – Mapping Compensation Strategies, p. 57.- Do the first two questions in the gray box. Please submit a map modeled after the one on p. 48. Q 1: Summarize the key points of your company’s strategy. A1: Traci Lynn Fashion Jewelry (TLFJ), LLC sells its high-quality, affordable fashion jewelry through special events, home shows, and catalogs. The jewelry is not only fashionably distinct, but is made of the finest quality materials. Cubic zirconium and Austrian crystals are used so that the jewelry is not only affordable, but breathtaking and beautiful! Traci Lynn Fashion Jewelry is delivered through consultants to customers via home or office shows, personal shopping, and catalog orders. TLFJ is very unique because we have local showrooms for our consultants to shop and we are very hands on with our sales force. Their personal philosophy is to operate with integrity and always to look for ways to grow and improve. Their mission is to Motivate, Inspire, and Change the lives of our consultants. Also, they believe that this jewelry business creates an opportunity for women to start their own businesses, balance their lives, and achieve financial independence doing something they enjoy. I am currently an Independent Consultant for this company. Key points that I discovered about Traci Lynn Fashion Jewelry is: • Prominence- TLFJ sales strategy is party plan and face-to-face. Their motto is “If you can wear it, you can sell it”. Their total compensation...
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... Vision and explanation of a Business Consultant It is very important for a company to have a vision and a mission. A vision describes where the company is heading and the fulfillment of its goals. Whereas in mission, it explains the primary purpose of the company and provides the purpose of its existence. Mission describes and communicates to the stakeholders why the company is headed to that direction and its purpose. Having a good business consultant will prevent the company in experiencing downfall, loss of income, lack of trust from stakeholders, and business failure. Business consultant helps in defining the company's mission, goals, and objectives. Consultant must know the vision and mission of the company and has the knowledge and experience on how to guide the future of the company into the right direction. Business Consultant’s Roles and Responsibilities A business consultant’s roles and responsibilities depend on a good relationship to his or her client. Consultant must disclose to the client his or her full competence and expertise in solving the company’s problem, implement the needed changes and improvements if necessary. Consultant should have the experience in finding the root cause of the problem, where it has originated, and the need of the company. Consultant offers suggestion and provides an honest opinion to the client, even if the business is in jeopardy. Consultant offers an opinion concerning the problem and provides an...
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...pertinent in modern organization (Public Broadcasting Station, n.d.). Organization uses external and internal consultants; however, most organization use external consultants more than internal consultants. External and internal consultants use the same functions and roles to solve a problem that an organization has. This is an evaluation of those functions and responsibilities of business consultants. Vision and Explanation of a Business Consultant It is crucial for a company to have a vision and mission. The vision describes where the company is heading and the fulfillment of its goals. Whereas in mission, it explains the primary purpose of the company and provides the purpose of its existence. Mission defines and communicates to the stakeholders why the company is headed to that direction and its purpose. Having a good business consultant will prevent the company in experiencing downfall, loss of income, lack of trust from stakeholders, and business failure. Business consultant helps in defining the company's mission, goals, and objectives. Consultant must know the vision and mission of the company and has the knowledge and experience on how to guide the future of the company into the right direction. Roles and Responsibilities of a Business Consultant’s A business consultant’s roles and responsibilities depend on a good relationship to his or her client. Consultant must disclose to the client his or her full competence and expertise in solving the company’s problem, implement...
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...Challenge and The Truth About Leadership; Dean’s Executive Professor of Leadership, Leavey School of Business, Santa Clara University “Consulting at its best is about action and interaction, relationships and results. In a highly readable guide that is both inspirational and practical, Peter Block leads consultant and client together through a proven approach to realize their future.” Samuel R. Strickland, chief financial and administrative officer, Booz Allen Hamilton “. . . surpasses the high standards of relevance, clarity, and wisdom characteristic of previous versions. . . . Whether one’s consulting experience spans five years or fifty, there is a great deal in this new edition to prompt us to reflect upon our own practice and to discuss with colleagues.” Roger Harrison, independent consultant and author of Consultant’s Journey: A Dance of Work and Spirit and The Collected Papers of Roger Harrison “Peter Block has written a masterful third edition of his masterpiece, Flawless Consulting. A powerful message that emerged gradually in editions one and two comes clearly to the surface in this latest edition. Important additions to edition three are the strength-based strategies that many are beginning to use . . . in solving seemingly intractable problems in health care and other industries. They are featured in a new Chapter...
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...“innovation” is defined merely as “introducing something new”, there are no qualifiers of how ground-breaking or world-shattering that something needs to be – only that it needs to be better than what was there before. The fact is, innovation means different things to different people”. (Sylver, 2008) Author’s Qualifications: Brianna Sylver is a writer, researcher, entrepreneur and founder of Sylver Consulting, which works with multinational organizations. Sylver Consulting is known for applying innovation methodologies and consumer research techniques to develop new products and services, prospect new business opportunities and establish innovation processes. (Sylver, 2008) Summary: This article relays information on how an innovative consultant can aid a company in moving their product or starting a new product. It is important to understand what innovation truly means in the organization or to the client in order to know what changes need to be made or what is required of the organization. Sylver states, “the consulting firm contracted for the innovation services first needs to understand the client’s motivation for seeking innovation services. (Sylver, 2008) The client usually looks for innovation services due to one of the three situations: 1. “They are engulfed in the flames of the “burning platform”. (Sylver, 2008) This is where the organizations profits are falling, their product isn’t selling, and they have no clue what they should do to change their status. 2....
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...Consultant Role. For this activity, students should assume they are part of a consultancy firm hired to advise the top executives of the organization in the case. Students will have assigned cases. Prepare for oral case discussion according to the guidelines in A Guide to Case Analysis. PowerPoint slides will not be used. Organize the case analysis in three sections: Identification, Analysis, and Recommendations. Identify key strategic issues and analyze the issues with the strategy techniques covered in the course. Formulate recommendations and describe how they are aligned with the company’s mission. Please hand in a two-page report of the case analysis in bullet points. Bring two copies of the report to class. A hard copy of the report is due in the beginning of the class. Students may keep a copy with them for their reference during the case discussion. Upload an electronic copy of the report to Blackboard before class. [pic] Your report should include: • Three sections corresponding to Identification, Analysis, and Recommendations • A concise answer to the Study Questions for the case listed in the syllabus 3 Please type your written assignment and use Times Roman or Calibri 12-point type. Leave top, bottom, and side margins of one inch. Use single line spacing. The first line should include the student’s name. Include a section for references where you list all sources of ideas and information you used to write your assignment. Format your references...
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...1973 to develop a strategy implementation that was markedly different from industry norms (Ormiston, 1990). According to Bill Bain, there were four problems he wanted to fix in the traditional consulting process specifically 1) short-term duration of projects with the report seen as the end product; 2) recommendations not supported by relevant data; 3) no follow-through on given recommendations and 4) performance metrics (i.e., Results of the recommendations) were mostly internal (peer reviews) not independent measures (Ormiston, 1990). Bain`s approach was to make a commitment to one company per sector/industry – refusing to work for competitors. In the 1990s, this strategy aided Bain in developing a deeper level of involvement with a limited number of clients. Sometimes, a customer had as many as fifty professionals working on all aspects of the business analysis (Harvard Business School Journal, 1990, pp. 95-96). The company de-emphasized the hype around the ‘report’, focusing instead on helping the client successfully execute policy recommendations. The results of these recommendations are judged by independent matrices such as the growth (or decline) of client`s stock prices when compared to industry indices (Ormiston, 1990). In relationship-consulting, as soon as a strong and effective client-consultant association occurs, factors that influence the new relationship include: 1) constant and open discussions, 2) mutual trust, 3) consultant`s excellent problem-solving...
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...more effective consultant, an External Consultant or an Internal Consultant? Explain. Most companies at some time will face opportunities where they may need an organizational development consultant. When issues arise in business strategy, reduction of costs or organizational design an OD consultant can research and apply knowledge to improve those processes. When companies make that decision they also face the decision to use an internal consultant or external consultant. An internal consultant is the best option if the company employs organizational development consultants. Internal consultants are more effective because they understand their organizations culture and share greater insight to the systems, processes, resources and limitations of their organization. Internal consultants have an advantage of understanding their organization culture. This helps to aid in determining and understanding root causes of opportunities more efficiently. Most internal consultants have a strong rapport with other organization members at all levels which allows for trust. When an organization trusts consultants it can save time when diagnosing and implementing change management processes. Often, “internal consultants are able to easily and quickly address new challenges as they arise and/or spot them.” (Perluxi, 2011) Most external consultants are not there to see the fruits of their labor and therefore can’t address those new challenges as quick as an internal consultant because of their...
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...Issues in Consultation Name Institutional Affiliation Ethical and Legal Issues in Consultation According to Dougherty (2009), consultants work with individual consultees or small groups of consultees in different settings including schools, business organizations, and government agencies among other client systems. In their practice, consultants find it necessary to collaborate with other helping professionals in order to help their clients to solve current and future problems. However, due to the complexity of the consultation process, consultants often face a great deal of ethical and legal dilemmas. These dilemmas can be divided into the following categories: 1. Value conflicts in consultation It is important to note that the process of consultation involves multiple parties with varied interests, values, and priorities. Consequently, it is expected that the consultant and consultees including parties within the same organization will encounter a lot of value conflicts during consultation (Dougherty, 2009). Moreover, it is imperative to note that some consultation strategies that work best for agencies and organizations may not be very effective with other consultees such as the individuals employed within the same organization or agency. Therefore, it is the responsibility of the consultants to investigate the competing interests, priorities, and goals within the client systems, and ensure that they have the necessary skills and competencies...
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... Week 1: Business Consulting University of Phoenix MGT 527 A Vision of a Business Consultant A vision can mean the ability to anticipate possible future events and developments. In business, consultants use vision statement along with a mission statement to further guide, inspire, and provide direction to the organization and its employees. Further, vision, and mission statements are paramount to the future growth and success no matter what kind of business you are doing. As a Business Consultant, one must have ultimate vision and mission statement that could deliver its purpose and values to the organization. Clear and concise vision and mission statement can easily motivate the direction of the organization and effectively can convey intentions to come up with an attractive and exciting common vision of the future. Business Consultant’s Roles and Responsibilities The roles and responsibilities of a Business Consultant include giving advice to business entrepreneurs by developing and promoting programs and services of the business to meet the needs of business and customers. Business Consultant ensures compliance with federal, state and, local laws. Other duties and responsibilities include: 1) Analyze and evaluate client requirements and business goals. 2) Recommend appropriate strategies and logistics to increase business opportunities. 3) Create different analytical role models appropriate to projects...
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...Business Consultant Keelta Mills MGT/527 September 9, 2013 Richard Hubbard Vision and explanation of a business consultant. “A business consultant is a professional who analyzes businesses, creates solutions to problems and helps businesses develop efficient plans for meeting his or her goals” (http://blog.livechime.com). A business consultant identifies the company’s weaknesses and strengths as well as problems that have to be solved to help ensure their success. He or she will also try to meet the needs in a company so that they may grow their business, boost profits, and increase efficiency. A consultant is like a new set of eyes that have the expertise to point out what they do not already know. Business consultant has adaptability such as traveling the distance to solve a problem. They approach all assignments with enthusiasm and takes professional pride in their work. The consultant helps colleagues by taking an interest in their problems and offering his or her support. The consultant sometimes specializes in public relations, marketing profiles, product control, and testing that can provide technology and guidance when introducing new information and products. Another descriptive about business consultants is they have good investigation skills, feasibility studies and communication skills. He or she has to be confident...
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...Performance Consultant Interview Guide 1. What is the nature of your organization? Is it a consulting firm, or do you work for a large corporation? What is your role within your organization? Please provide a brief history on the organization. 2. What is the role of performance consulting in the organization? 3. What was the most pertinent performance project that you consulted on? Was it a success or failure? Why? 4. What are some common qualities of successful performance intervention projects? 5. What performance consulting models have you found to be most effective to minimize gaps in performance within an organization? 6. Overall, how does performance consulting affect or impact an organization? Do you have specific case studies or examples u can provide? 7. Can you describe the role that your organization plays in HPT 8. When working with different clients, what kind of focus do you put on analysing the prevailing culture? 9. How has Performance Consulting changed since you entered the field? What are your thoughts about the current state of the field? 10. Are there any tips you would give a newcomer in the field of HPT? 11. After a company or business contacts you, what criteria to you establish for yourself before you finally say, “Yes, I will be your performance consultant?” 12. Do you have any personal vision or mission statements for your consultant process? Extra questions if we wanted to ask…. 1. What was the...
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...Sahil : 13020841100 TAR Prof. Y Shri Ram By Sahil : 13020841100 TAR Prof. Y Shri Ram By Dream Company & Role Dream Company & Role Dream Company and Role My dream job is to start my career as a consultant at Boston Consulting Group. Why BCG * BCG means unparalleled opportunity—to learn, to excel, to grow personally, and to advance their careers. And with BCG’s business growing at a rapid, industry-beating pace, those opportunities have never been greater or more numerous * After my internship at Fidelity Investments, I really enjoyed analytics and consulting work. It is a very challenging work that keeps you updated on different industries around you * At BCG we work closely with clients to help us gain a better understanding of their competitive position, develop future strategies, and achieve real results * BCG offers exhilarating career-development opportunities * We get to work alongside and learning from BCG experts who have helped shape the business fortunes of many of the world’s leading companies * It ranks 3rd among Fortune Best Companies to work for list in 2014 because of the culture it has developed * It provides great growth opportunities and challenges along with it * Truly global company and involves lot of travelling across the world * BCG's work is based on rigorous analysis and creative thinking. BCG's people are highly...
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...CAREER OBJECT: To seek a responsible position where I can utilize my educational & analytical skills in an industry that offers intellectual and professional growth, while being resourceful, innovative and flexible. ACADEMIC QUALIFICATIONS: UNIVERSITY YEAR PERCCENTAGES SSC 2003-04 78% Board of intermediate 2004-06 83% B tech 2007-11 62% EXPERIENCE : Administrator Alphatronics software solutions & consultant Ltd May 2013 to March 2014 Alphatronics software solutions & consultant Ltd., is an educational consultancy and founded in 2010. Providing project services for graduation and post graduation students and also consulting services. ROLES AND RESPONSIBILITIES: • Arranging the day to day activities of the consultancy. • The role includes arranging the guest lectures. • Design and implementation of new/improved strategies to develop the organization. • Responsible for candidate relationship management • Making arrangements for smooth conducting of interviews. TECHNICAL SKILLS: • Software skills - Web Designing, Basic Concepts Of Networking • Operating Systems - Windows xp, Windows 7 • Other Software - good command on M.S.Office STRENGHTS: • Systematic approach and quick adaptability to new technologies • Fast learning, committed and able to work under pressure • Ability to work independently...
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...Skills Assessment Paper and Matrix GEN/480 Skills Assessment Paper and Matrix This paper is an assessment of Team “D” and their skills and how they work together as a team to build a consultant firm. The paper will include a summary of skills the team possess and other skills that need to be acquired. The paper will also include how Team “D” plans to obtain these skills and list three types of possible consulting firms that will use the team members’ skills and why those skills are important and appropriate. Finally this paper will include a visual matrix of the team skills. Team “D” is building a consulting firm based on their skills and skills they are acquiring, as we move forward Team “D” will move ahead with their new consulting firm of JAM Associates. Skills are something that you are taught over time and help you build on certain tasks or help you perform those tasks. JAM Associates is a team of three woman that have a various amount of skills combined. Each team member has their own strengths through education and experience that correlate with one another. These skills include; different levels of management, multi-tasking, critical thinking, creative and technical writing, collaboration, problem solving, structured skills, effective communication, active listening, managing others, human resources, counseling, organizational skills and basic computer skills that involve Excel, Word, and Power Points. MATRIX OF SKILLS TO BE INPUTED HERE As we analyze our strengths...
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