...other industry had done better standing against global competition. The annual exports had always been over 50% over a decade. U.S.A. share represents highest with 61% and about a third of Fortune 500 companies outsource their software work to India. To foster development, Indian government has taken a number of steps like liberalization of policies and providing necessary capital and infrastructure to foster growth. Thus Indian environment has been conducive for growth. (Ref: Indian Embassy.org) Competitor analysis- The market for IT industry was fairly competitive with IBM and Accenture as global leaders and rest of the market was pretty diffused. IBM and Accenture had strong brand and a global presence with a large customer base. They also offered panoply of services viz. technology implementation, business consulting, offshore services, customer relationship management etc. Both offered breadth and depth of services. IT market in India offered technical and business consulting with Tata Consultancy Services which was the market leader in IT exports and Wipro Technologies and Infosys being other major market players. TCS offered consultancy services,...
Words: 1137 - Pages: 5
...Grant Thornton: Unleashing our potential Mission: to make a difference to our colleagues, our clients, our profession and our communities Vision: to be the leading audit, tax and advisory firm, serving dynamic organizations in our chosen markets Chosen markets: dynamic organizations—the space we want to own Strategic drivers: revenue growth, talent, operational excellence, distinctive client service, brand. Global values: collaboration, leadership, excellence, agility, respect, responsibility. “Without quality we have nothing” – Edward Nusbaum, CEO of Grant Thornton International “Quality is not an act, it is a habit” – Stephen M. Chipman, CEO, Grant Thornton LLP Grant Thornton International—a cohesive global organization Our global brand promise: Unlock your potential for growth Reason says: go with the well-known Instinct says: go with the know-how Factors Shaping the Profession: Globalization—impacts all we do in the professor; impacts all we do at Grant Thornton. Regulatory environment—Intensity and complexity of regulations and standards is unprecedented; accelerated push for greater transparency and accountability. Relevancy—how relevant are financial statements? How relevant is our opinion to these financial statements? Technology—driving great value and great change; adoption of technology increases the expectation for transparency. Generational change—profoundly different than any “generation”; expectation gap with the profession. Broader business...
Words: 286 - Pages: 2
...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 recognised company within the information technology and consulting industry...
Words: 262 - Pages: 2
...MOTIVATION LETTER FOR CONSULTING TRACK I am deeply inclined to be part of the consulting track and to be trained to apply to top tier consulting firms. I have the required skills and motivation and will put in the required effort for getting into a top tier consulting firm. I have worked for over 3 years as a maintenance engineer in a continuous process based plant. During this period I had to solve complex problems everyday within the stipulated amount of time. I have led a multi-disciplined team to successfully deliver the assigned target equipment availability under highly challenging circumstances. I was responsible for the safe execution of the tasks performed during this project and ensured zero incident during this period. I was awarded the excellent performer for reducing the maintenance costs by 23% by changing the spare procurement strategy with out of box thinking. I frequently provided inputs which brought radical improvement in the prevailing maintenance procedures. Working in a metal manufacturing plant I already have the experience of working under challenging conditions for over 10 hours a day. I developed a strong desire to work for a top consulting firm after meeting the McKinsey team hired to improve the operational efficiency by the organisation I worked for. I started following the consulting industry and started reading about McKinsey and other top tier consulting firms. After gaining an understanding of what is expected of a Business Consultant, the skills...
Words: 499 - Pages: 2
...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...
Words: 1742 - Pages: 7
...2011 RedSeer Consulting Confidential `and Proprietary Information Informatio © 2011 RedSeer Consulting Confidential and Proprietary Information. www.redseerconsulting.com Query@redseerconsulting.com www.redseerconsulting.com. 1 Emerging Family Business India Study Objective of the Study: • • • • Understanding family business landscape in India Identify the key pain areas in family business management Classify the key emerging family businesses among the ones studied The Client would like to highlight • The emerging family businesses based on their resources and capabilities • The best practices followed in each sector Approach: • Create a database of at least 500 Indian family run businesses, with revenues in the range of Rs. 50 to 1000 Crore • Stratify the samples and identify the target sample set • Conduct a survey involving the top management of these firms to collect information about the nittygritties involved in running these firms • Analyze the data collected and use Analytical Hierarchy Process to identify the list of emerging businesses About Redseer Consulting: Redseer Consulting is a premier management consulting firm with expertise in the areas of family businesses, private equity, and healthcare. We advice firms on: • Devising organization management strategy, process improvement etc • Raising capital, selecting a particular investment target etc Source: Discussion with Sankara Eye care Management© 2011 RedSeer Consulting Confidential...
Words: 881 - Pages: 4
...“Success can be the consultant’s worst enemy” (Kubr, page 625) Consulting as a profession has been around since the nineteenth century with Frederick W. Taylor practicing in scientific management. Consultants provide advice for a fee which can be dispensed in a number of verticals including: management, accounting, environmental, taxation, engineering, and many more. There are a number of consulting firms that provide specialized or generalist advice according to their client’s needs and profession. Such consulting firms that have a global presence include the following: Deloitte, KPMG, Ernest & Young, Price Waterhouse, Accenture, IBM. Due to constraints, this assignment will focus on Deloitte as the competition within the consulting industry. The company that I am President is HR One Consulting, Inc., (HR One) which provides human resources (hr) consulting services for the technology industries predominately located in Ontario. The company has provided consulting services for clients in other countries such as Israel, United States, and Switzerland and catered to additional industries such as: retail, financial, telecommunications, media, manufacturing, engineering, distribution, government, healthcare and many more. Our company’s vision, mission and value statement is as follows: Our Mission To contribute in understanding and realization of human capital as a powerful tool for achieving business goals and increasing business efficiency Our Vision ...
Words: 2696 - Pages: 11
...profit. Numerous reasons exist why new businesses fail, but many new business owners find that although they are very competent in their profession, they struggle with operating a business (Klein, 1999). B-Team Consulting can help the new business owner make sure he or she winds up in the 39% group of profitable new businesses. Our firm provides several services to ensure the new business reaches its goals. The firm offers business plan preparation, often the first impression investors have of a business. Marketing analysis services will help a new business with a complete marketing strategy to make the most of its advertising resources. The B-Team Consulting firm can help in website design and promotion to ensure optimal Internet exposure. These are a sampling of many services B-Team Consulting can offer (Williams, 2011). Problems the Firm Can Remedy Many small businesses face declining sales and fewer repeat customers after expansion. The owner of the small business finds that once the business expands beyond the initial workforce, there is a drop in repeat customers. When questioned, customers report declining customer service. The B-Team Consulting firm can help small business owners overcome these growing pains and eliminate perceived customer service declines. The firm has expertise in helping managers expand the workforce without diluting the customer service. Improving customer service is a leadership issue and the small business owner must take the time...
Words: 2108 - Pages: 9
...Industry Analysis Project IT Consulting in the US Industry Overview The IBISWorld Industry Report 54151 defines the IT Consulting industry as including “firms that provide the following services to client companies: writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and on-site management of computer systems and data processing facilities. This industry excludes packaged software publishers and off-site data processing and hosting services.” (Yucel) The IT Consulting industry is expected to grow at a high rate, bolstered by rapid technology and process advancements in services such a cloud-based storage and big data analytics. The industry is projected to grow an annualized 2.4% to $431.8 billion by 2021. (Yucel) The rebounding economy and increasing corporate profits have created an environment of investment in IT Strategy and services. This investment is benefiting the industry as increased technology spend tends to open the consumers to cyberattacks and IT Consulting is increasingly being looked to for strategic guidance. The IT Consulting industry has low barriers to entry and, in part due to low capital requirements, has a large number of independent contractors and small firms operating in the space. Boutique firms notwithstanding, the market has its fair share of large multi-national corporations such as International Business Machines Corporation (IBM) and Accenture. However...
Words: 1491 - Pages: 6
...ANALYSIS OF BUSINESS SPECIALTIES MEMO TO: DELINDA DENSLOW FROM: SUBJECT: BUSINESS SPECIALTIES ANALYSIS OF LEARNING TEAM “C” DATE: 9/3/2012 CC: LEARNING TEAM “C” Types of Consulting Firms Several pros and cons exist to the types of consulting firms Learning Team C chose in week two. The consulting firms that were chosen are management, sales, and planning firms. Based on learning team C’s matrix, the pros are that we all have in depth experience in management, sales, and planning. These types of consulting firms make sense because our real-world experience will help us excel in developing these types of consulting firms. Having strong experience in these skills allows the team to make sure every company is given attention to detail for managing, sales, and planning functions. The cons are that these consulting firms limit us to only management, sales, and planning. A big part of a business is the financial part of the business. This allows the company to know where they stand in achieving their goals. Even though our skills are strong in management, sales, and planning, there is no competence in finance. The type of firm we will create is a management consulting firm. Management consulting firms are excellent at consulting a company in the realm of management. Management is a crucial part of a business and cannot be underestimated. Managing employees are an important aspect of a well-run business. Focus on Specialties LTC Consultants operates as a managerial...
Words: 779 - Pages: 4
...invaluable. The Human Resources Management Consulting Firm not only acknowledges and accommodates its users, but also effectively communicates with all of them. When designing such a website, we consider a wide realm of concerns. Like any other business consulting firm, privacy issues and cost concerns are important, but issues such as how to cater to a large and diverse group of users also take precedence. 1.1 BACKGROUND TO THE STUDY Management consulting and recruiting agencies match the requirements of the client firms with the skills of their employees and set up the interview between their employees and the client firm. Interviews are then conducted, and the candidates selected in the interview are recruited as consultants in the client’s firm for the duration of the project. The last global economic meltdown adverse effect was downsizing in businesses and other organizations has resulted in an increase in consulting business for two reasons. Many experienced and well-qualified professionals have found that offering their services on a consulting basis meets both their career and financial needs. Secondly, after downsizing, organizations find it economical and flexible to use consultants rather than full-time employees to fill their Fluctuating technical, management and operation needs. The above factors have led to the consulting industry becoming one of the fastest growing business sectors worldwide. Hence the consulting firms are attempting to automate as much routine...
Words: 1146 - Pages: 5
...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...
Words: 847 - Pages: 4
...INTRODUCTION: This case is about cultural management and organizational structure and control. It reveals the challenges faced by Western managers in telling Eastern managers the need to improve their performance. The Firm is a consulting firm with locations all over the world. It provides a range of business advisory services including taxation and accounting audits and recovery and management consulting. Mr. Alfonso Farquar was recruited by the Firm to conduct a review of the performance of some of the Firm’s Asian practices. After review of this case there are many problems related to cross-cultural management and organizational structure and control. Had the Firm researched these cultural differences Farquar could have approached the review with more knowledge and the project could have been supported. ANALYSIS: In reviewing this case numerous problems are revealed; cross-cultural management and organizational structure and control. Alfonso Farquar was recruited by Mr. David Mossman to travel to Taiwan and India to review their practices and find reasons for their slow market growth. He was advised to transfer a “best practice” approach to Business development to the Asian practices. After completing his evaluations of the Asian practices he was to report his findings to Mr. Honeysuckle. Although Farquar had never traveled overseas, never met any of these executives and was excited about the opportunity, he failed to understand the cross-cultural differences...
Words: 2073 - Pages: 9
...Business Case Template This Business Case Template is free for you to copy and use on your project and within your organization. We hope that you find this template useful and welcome your comments. Public distribution of this document is only permitted from the Project Management Docs official website at: www.ProjectManagementDocs.com Business Case Inventory Tie Out Tony’s Car quest 7820 Featherstone Drive Raleigh, NC 27615 March 30, 2015 Table of Contents 1. Executive Summary 2 1.1. Issue 2 1.2. Anticipated Outcomes 2 1.3. Recommendation 3 1.4. Justification 3 2. Business Case Analysis Team 4 3. Problem Definition 4 3.1. Problem Statement 4 3.2. Organizational Impact 5 3.3. Technology Migration 5 5. Strategic Alignment 9 6. Cost Benefit Analysis 10 7. Alternatives Analysis 11 8. Approvals 11 Executive Summary This section should provide general information on the issues surrounding the business problem and the proposed project or initiative created to address it. Usually, this section is completed last after all other sections of the business case have been written. This is because the executive summary is exactly that, a summary of the detail that is provided in subsequent sections of the document. This business case outlines how the Web Platform (WP) Project will address current business concerns, the benefits of the project, and recommendations and justification of the...
Words: 1346 - Pages: 6
...Analysis of Business Specialties Brian Groves, Jacqueline Johnson, Lynette Mckoy University Of Phoenix GEN/480 February 27, 2012 Dr. Kimberly Welsh Abstract As discussed in week two consulting scenario, team D must have both the knowledge, mindset, and skill set in all the areas that the team will want to cover and focus on for a team consulting firm. After reviewing the team members skill set last week all the members of the team have decided to pursue the second option, which was to develop an information technology consulting firm. As mentioned from the team skill set of strategic thinking/judgment, negotiator, problem solving, and time management make it easier for the team to tackle any issues of upgrading a department stores operating system, which will be the task that this organization will cover. The skills mentioned earlier will help the team stay successful and will help the consulting firm reach new clientele for the future. With our skill sets and mindset, we will be able to maintain a steady work flow and will complete jobs as they come. Analysis of Business Specialties This paper will define 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 Business Process Management consulting firm. Finally, the paper will explain why the consulting firm is well suited to the skills of the team members. Name and Description...
Words: 1083 - Pages: 5