Difference between revisions of "Future of Consulting 2020"
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6) What are the various consultancy models? <br> | 6) What are the various consultancy models? <br> | ||
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> | |||
8) What does knowledge sharing imply in a non-hierarchical organization? <br> | 8) What does knowledge sharing imply in a non-hierarchical organization? <br> | ||
9) What is the role of emotional intellingence in consulting? <br> | 9) What is the role of emotional intellingence in consulting? <br> | ||
EQ has become extremely important in consulting, especially in the past years. Consultants have to be able to listen and win clients trust in order to form long-term relationships. Often consultants have to bring along change within the organization - that requires a good amount of emotional intelleligence. Also, since consultants often have to work with many people at clients site, it is vital that consultants possess EQ abilities.<br> | EQ has become extremely important in consulting, especially in the past years. Consultants have to be able to listen and win clients trust in order to form long-term relationships. Often consultants have to bring along change within the organization - that requires a good amount of emotional intelleligence. Also, since consultants often have to work with many people at clients site, it is vital that consultants possess EQ abilities.<br> | ||
10) What role will young generation play in strategy formulation of a consulting company? <br> | 10) What role will young generation play in strategy formulation of a consulting company? <br> | ||
Young people,especially MBAs come to consulting with bright up to date ideas and often 'out of the box' new thinking. | Young people,especially MBAs come to consulting with bright up to date ideas and often 'out of the box' new thinking. Nevertheless, the younger population today are much more mobile, flexible and multilingual. Moreover, they have a much larger choice. Such changes mean that companies need to find ways to retain top talent within the company and offer enough incentives and challenge for bright young people to stay with a company for long.<br> | ||
11) What is the average duration client engagement for top consulting firms? <br> | 11) What is the average duration client engagement for top consulting firms? <br> | ||
Usually 3-4 months depending on the complexity of the project (McKinsey website)<br> | Usually 3-4 months depending on the complexity of the project (McKinsey website)<br> | ||