...practice The firm was formed in 1998 by a merger between Coopers & Lybrand and Price Waterhouse.[1] The trading name was shortened to PwC in September 2010 as part of a rebranding.[6] As of 2012 PwC United States is the fifth-largest privately owned organization in the United States.[7] PricewaterhouseCoopers' operations are Global, but with Europe accounting for 42% of the total.[30] PwC audits 33% of companies in the FT Global 500 and 29% of the companies in the Fortune Global 500.[30] PricewaterhouseCoopers is organised into the following three main service lines:[31] • Assurance Services • Tax Advisory, (international tax planning and compliance with local tax laws, customs, human resource consulting, legal services and transfer pricing) • Advisory – mainly consulting activities which covers Strategy, Performance Improvement, Transactions Services, Business Recovery Services, Corporate Finance, Business Valuation, Sustainability and Crisis Management in a range of specialist areas such as accountancy and actuarial advisory. • Academy - providing a wide range of financial, and business skills training to individuals and the organisations they work for. PwC's Academy trains and supports students who are taking professional qualifications in accountancy and...
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...Business Consulting Kevin Jackson University of Phoenix MGT/527 August 13, 2012 Sandy Yeh Abstract Business consulting has a long history in America. In 1890, Fredrick Winslow Taylor was the first business consultant, which he called it scientific management and many of the practices are still relevant in modern organizations (Public Broadcasting Station, n.d.). Organization uses internal and external consultants; however, organizations use external consultants more than internal consultants. External and internal consultants use the same functions and roles to solve a problem an organization has. This is a review of those functions and responsibilities of business consultants. The author believes internal consultants are more equipped to solve problems and improve organizational functions because he or she understands the organizational structure and culture. Business Consultant A person who is a business consultant provides advice and solutions to other business this includes small businesses to Fortune 500 organizations. Business consulting has numerous types of sub-categories, which includes marketing consultants, sales consultant, and human resources consultant. Although there are numerous types of business consultants, organizations do not require business consultants services enough to hire a full-time member (Consultant Journal, 2012). However, some businesses do have internal consultants, but these consultants are part of...
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...Business Consulting Paper MGT/527 Consulting June 23, 20014 Dr. Harvey McDonnell Business Consulting Paper Abstract Business consulting has a lengthy history in America. In 1890, Fredrick Winslow Taylor was the first business consulting, which he called it scientific management and many of the practices today are still 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...
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...Smart Solution Consulting | Business Plan | [Document subtitle] | | Executive Summary Smart Solution Consulting is IT Consulting Company that will help the small business to work efficient with the competitive price than other big company such as DELL, HP, and Syscom. This plan is written as a guide for starting and managing this new business and will also serve as the basis for a separate, detailed marketing plan. The objectives of SSC are to generate a profit, grow at a challenging and helping small business. * The mission of SSC is to provide fast and reliable technical assistance to small office computer users. * The keys to success for SSC are marketing and networking, responsiveness and quality, and generating repeat customers. * The initial primary service offered will be hourly technical aid, although retainer contracts and projects will be considered in the future growth. * The local market for this business, while not new, is wide open for new and expanding consulting firms. The objectives of Smart Solution Consulting are: 1. Profit - To generate sufficient profit to finance future growth and to provide the resources needed to achieve the other objectives of the company and its owner. 2. Growth - To grow the business at a rate that is both challenging and manageable, leading the market with innovation and adaptability. Smart Solution Consulting’s mission is simple and straightforward: * Purpose - SSC exists to provide...
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...Business Consulting Paper Kim Spann MGT/527 January 9, 2013 Linda Kulka Business Consulting Paper Business consulting is needed in businesses in the world today. Regardless of what type of business a person has or works for, consulting is needed to see what issues a business has whether good or bad. A business consultant can make a business become better in different aspects. A business consultant does not necessary have to know about the business he or she is consulting, but he or she do need to know what type of business is being consulted. A business consulting discovers the problems in the business and then creates a solution to the problem by making things better in the workplace. According to Bryan (2013), business consultants are the connecting link between discovering problems and creating solutions. They can come as one person, or they could come as a team. No matter what form of business consultant you use, they will have one goal and that will be to meet the goals of the company they are assisting. A business consultant will not put down a business, but will let the owners know what needs to be done to have the business run smoothly or without flaws. According to Pryles (2013), a consultant is an expert at recognizing problems and shaping solutions to those problems. A business consultant has different roles in consulting a business. A person may just believe a business consultant only comes into a business to criticize a business, but most...
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...KPMG evolving and adapting to give clients a business boost 8 Apr, 2015 Post Staff KPMG Cambodia Limited celebrated its 20th anniversary last year, but for one of the world’s leading professional services firm, even two decades can seem like just the beginning of the long journey ahead. The firm, which is one of the largest professional organisations in Cambodia, demonstrated its drive to adapt to changing business needs in the Kingdom when it acquired Phnom Penh-based Premier Consulting (Cambodia) Limited at the beginning of this year. The acquisition not only added to KPMG’s local growth and strength, but also enhanced the company’s ability to provide the best services possible to an ever-growing list of clients. The addition of Premier Consulting’s expertise to KPMG’s established business portfolio brings a new dimension to the firm expanding its traditional Audit, Tax and Advisory services in to additional consulting, payroll, compliance and other essential business services. “We constantly strive to undertake strategies to develop new services and capabilities, recruit new experts and assist clients with market-leading ideas and technology,” said KPMG Senior Partner Michael Gordon. “It all boils down to turning knowledge into value to benefit our clients as they look to not only undertake their day to day business activities, but also to transform their business models and operations.” The acquisition also comes at a time when more and more clients...
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...Careers in Management Consulting The Industry “In essence, consultants are hired advisors to corporations. They tackle a wide variety of business problems and provide solutions for their clients. Depending on the size and chosen strategy of the firm, these problems can be as straightforward as researching a new market, or as complex as totally rethinking the client’s organization.” “If you like the idea of giving advice to other businesses, and you have a particular interest in computers, human resources, corporate communications, mobile communications, health care, financial services, real estate, ecommerce, or some other specialized field, there’s a good chance you can find a position with an organization doing precisely that.” The Bottom Line Consulting is a great long term career for a few people. Not everyone is cut out to be a consultant. Since consulting is a service oriented business, it requires immense people skills and hard work. Types of Firms Elite Management Consulting Firms: Consists of a few top strategy firms including Bain, Booz Allen, BCG, and McKinsey. The majority of the work performed by these firms involves providing Fortune 500 companies with strategic or operational advice. Employees of these firms enjoy high pay and prestige, but work very long hours. Big Four-Affiliated Consulting Firms: Four major firms that join consultants and auditors. These firms are Ernst & Young, KPMG Consulting, PricewaterhouseCoopers, and Deloitte Consulting. The Big Four firms...
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...| Kjeseth, Mitchell | Tran, Dung | Vo, Duong “Lucy” | Walden, Giovanna | Wang, Yang | White, Cassi Noel | Kjeseth, Mitchell | Overview Before becoming Accenture, Andersen Consulting was a new branch of Andersen Accounting in 1989. Andersen Consulting faced a difficult task of positioning itself in the information technology marketing while also forging an identity separate from its accounting heritage. The challenge was to retain the positive aspects of the brand equity and break away from the limitations associated with an accounting brand. Originally, Andersen Consulting did not offer innovative solutions, which caused it difficulty in establishing a presence in the technology world. With its expertise in marketing and communications, Andersen Consulting quickly set apart from its competitors like IBM or McKinsey. It used sophisticated marketing strategies and advertising campaign for its name position and image. Eventually, this led Andersen to become the world’s largest management and technology-consulting firm. After a while, Andersen Consulting decided to seek independence as a separate company from Arthur Andersen. It was granted its independence in 2000, but as part of the ruling granting its independence, the license to use the Andersen Consulting name was to expire December 31 2000. After spending $7 billion in building the brand over many years, it now had to find, implement, and introduce to the world a new name in a matter of months. This...
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...Industry Analysis: Management consulting industry Prepared by: Sagar Patel – spatel90@mail.roosevelt.edu- (312)-316-0087 ECON 403 Spring 2014 Instructor: Prof. Steve Balkin NAISC NAME: Administrative management and general management consulting services NAISC CODE: 541611 Introduction This industry comprises of firms engaged in providing operating advise to businesses, such as marketing advice, strategy planning, financial planning, IT support, budgeting etc.8 In this paper various aspects of the industry have been discussed. History The rise of management as a unique field of study, led to the growth of management consulting industry. The first management firm, Arthur D. Little Inc., was founded in 1886. As Arthur D. Little Inc. mainly focused on technical research for the first few years of operation, it can be said that the first management consulting firm was started by Fredrick Winslow Taylor in 1893. Fredrick Winslow Taylor invented the first method of organizing work known as the Taylor’s method. Taylor’s method was used worldwide until the world shifted to the method invented by W. Edwards Deming.1 In the 1930s the ‘ Glass-Steagall banking Act’ led to the growth of the industry, as the demand for advice on strategic and financial planning increased. In the 1950s the management consulting firms not only increased their activities in the United States but also in Europe and Asia. The industry...
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...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 our team has come to the conclusion that we are in need of other skills to be successful. Some of these skills are technical skills due to technology...
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...Analysis of Business Specialties Paper Analysis of Business Specialties Paper Analysis of Business Specialties Paper TD Sports Consultants (Essie) This paper will describe the consulting firm that was chosen by team D and address several issues or problems that the consulting firm may encounter. It will also give a description of the services that will be offered by TD sports consultants. Finally, the paper will explain the why the consulting firm is well suited to the skills of the team D’s members. The team members agreed on the name TD Sports Consultants. This particular name was chosen because it was inclusive of all the team members’ and their skills and ideas. Because most of the team members are sports fans, it was suiting that we named a sports consulting firm after the founders. The purpose of the consulting firm is to help sport teams locate sponsors that can come up with innovative ideas and advertisements to promote their products. The firm will produce results that are not being filled by marketing companies. The strategy of TD Sports Consultants is to find out why other companies are not getting the desired results and to fill the gap by providing the needed services to the teams. Description of the TD Sports Consultants (Wally) Sports marketing is an industry worth billions (Kuriloff, 2007) in the US annually. Franchises have marketing departments to improve the perception of their team as well as advertising salespeople to...
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...Staples Transforms Supply Chain Process to Maintain High Performance Client Background When the computer crashes as an entrepreneur is preparing for a crucial client meeting or the printer runs out of ink, business owners—big and small—know that they can count on Staples to head off a crisis, and keep their offices running smoothly. Staples invented the office supply superstore—and it was an entrepreneur who came up with the concept. In 1985, Tom Stemberg, a supermarket chain executive turned entrepreneur, struck upon the idea when his typewriter ribbon broke as he was preparing a business plan and he was unable to find a store that stocked the ribbon. That was when he realized that the business plan he should be pitching was for a supermarket for office supplies. This was in the early days of the personal computer revolution, and ten years before the dot-com boom, but Stemberg correctly foresaw the growth potential for a superstore that catered as much to the demands of a homebased business as Fortune®500 corporations. Two decades later, Staples is the world's largest office products company and number-one in sales and profits in the United States. Staples serves customers and businesses ranging from homebased businesses to Fortune®500 companies in 27 countries throughout North and South America, Europe, Asia and Australia. The company operates more than 2,000 office superstores and also serves its customers through mail order catalog, e-commerce, and contract businesses...
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...manufacturing industry, I will discuss the plan of starting a Business Consulting Agency to provide assistance to businesses. Organization & Communication The relevant issues associated with opening a consulting business are building cliental; establishing lasting business relationships with business owners and providing quality service when needed. The primary services that are offered include market feasibility studies, business plans, operational reviews, re-engineering, strategic planning, seminars and workshops. We strive to provide our clients with business services that help them become more successful and to become a leader in consulting to small businesses. In order to keep our overhead costs down, Business Consulting Agency will be located in the home of Monica Lathan which is equipped with a computer, fax machine and photocopier. Business Consulting Agency is a sole proprietorship, owned by Monica Lathan. As the business grows the firm may develop strategic alliances with other companies. Business Consulting Agency will initially only have one employee, Monica Lathan; additional staff support will be obtained on a subcontract basis and secretarial service will be contracted out as required. Business Consulting Agency is in the process of obtaining a bank loan for $35,000 to finance the start up of the business. During the first year of operation, our key objective is to develop a profitable consulting agency. To accomplish this, we will develop a strong client base...
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...Case Study: Essay ! Infosys Technologies are global leaders in IT, Consulting and Outsourcing Solutions, by helping companies improve their service offerings while providing them with solutions to evolve, and become innovators in their industry. Infosys Technologies success is a reflection of the companies vision, values and mission for excellence amongst their competitors. By developing a clear and effective business model, excellent products and services while maintaining a strong relationship with their clients, it has enabled Infosys to move forward and continue their success. ! The Infosys mission statement is “to achieve our objectives in an environment of fairness, honesty, and courtesy towards our clients, employees, vendors and society at large” (Infosys: A company par excellence). The company began in India, a developing country in 1981 as Infosys Technologies providing IT solutions for their clients, however it has grown exponentially by offering other services in a global market with offices all around the world. The companies vision has been “to be a globally respected corporation that provides best of breed business solutions, leveraging technology, delivered by best in class people” (Infosys: A company par excellence). ! Infosys Consultancies (ICI) is a subsidiary of infosys Technologies, with its inception in 2004, ICI has evolved under its parent company to become extremely successful. Infosys Technologies intentions have been to become a well...
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...Business Consulting Paper Leonard Eric Manalo University of Phoenix ~ MGT 527 Professor: Richard Arriaga June 26, 2013 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...
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