Difference between revisions of "Future of Consulting 2020"
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4) Why there is a need for Inhouse/Internal consulting? <br> | 4) Why there is a need for Inhouse/Internal consulting? <br> | ||
It is cheaper and due to constant involvement it is considered to be effective in change management. Also consultants are much more familiar with the companies.<br> | It is cheaper and due to constant involvement it is considered to be effective in change management. Also consultants are much more familiar with the companies.<br> | ||
5) What is a typical value stream in consulting industry? <br> | 5) What is a typical value stream in consulting industry? <br> | ||
: '' A typical value stream comprises of following steps'' | |||
:* Knowledge building | |||
:* Project setup | |||
:* Strategy development/consulting | |||
:* Implementation | |||
6) What are the various consultancy models? <br> | 6) What are the various consultancy models? <br> | ||
:* Integrated consultancies - pyramid model (Big Four) | |||
:* Strategy implementers - integrating IT with consulting (Accenture,IBM) | |||
:* Knowledge builders - providing knowledge to consulting firms and businesses | |||
:* Networkers - access to specialized network partners | |||
7) What are the various pricing models employed by consulting firms? <br> | 7) What are the various pricing models employed by consulting firms? <br> | ||
Consultants usually set charge per hour of their work or/and by project (also calculated on hourly basis estimated for the project). Sometimes firms set a fixed price per week/month. If consultants have to traqvel to clients site, travelling and living expenditures are usually counted in the price of the project. <br> | Consultants usually set charge per hour of their work or/and by project (also calculated on hourly basis estimated for the project). Sometimes firms set a fixed price per week/month. If consultants have to traqvel to clients site, travelling and living expenditures are usually counted in the price of the project. <br> | ||