The concept of Uncertainty Arbitrage is something Victor Cheng wrote about for consulting career prep website, Case Interview. The reason clients pay consulting firms seemingly enormous fees is directly proportional to:1) What's at stake for the client if they make the wrong decision2) Their dislike for uncertainty.The greater the uncertainty and the greater the consequence … Continue reading Consulting Fees and Uncertainty are directly related
Category: Business Growth Strategies
Is the Consulting industry about to go the route of video rental stores and the Dodo?
Perhaps. That's the warning from Soren Kaplan, writing for Inc. on the upcoming disruption about to rock the world of business and management consultants everywhere. In an article titled, "The Business Consulting Industry Is Booming, and It's About to Be Disrupted," Kaplan states: Here's the issue: Festering underneath myriad consulting offerings, methodologies, tools, and firms … Continue reading Is the Consulting industry about to go the route of video rental stores and the Dodo?
Can a combination of AI and VR save brick and mortar retailers?
Despite what some industry groups might say, it is clear that online shopping has severely impacted the revenues of traditional brick and mortar retail stores. Does that mean that retail is dead, or at least on its way out? No. But, the retailers that survive the next decade will need to innovate and pivot their … Continue reading Can a combination of AI and VR save brick and mortar retailers?
Would a consultant by any other name smell so sweet?
Consulting, as a profession, is in my humble opinion an extremely honorable pursuit that can bring tremendous value to the purchasers of consulting services. But that's only when applying a very narrow definition of the "consulting." What is that definition? A true consultant is an independent professional that through the application of their unique knowledge, … Continue reading Would a consultant by any other name smell so sweet?
Guest Post: Why Mediate? Because You Run a Business
Christopher Hill (no relation to yours truly) is a longtime construction law attorney and mediator practicing out of Richmond, Virginia. His blog, Construction Law Musings, has always been one of my must-read sources of news and insight pertaining to construction law ever since he started it in late 2008. Be sure to follow @constructionlaw on Twitter … Continue reading Guest Post: Why Mediate? Because You Run a Business