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Unlike 2009 when firms were lucky to keep their revenue flat, the vast majority (83 percent) of consultants anticipate growing their revenue in 2010.
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This Week In The Profession
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Huron Profits Up in 2009, Revenue Forecast Flat
Huron Consulting Group announced better than expected profits on Tuesday, exceeding analysts’ expectations. But its modest revenue expectations for 2010 sent its stock price falling by more than 10 percent.
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Capco Unveils N.A. Finance, Risk & Compliance group
Capco, a global provider of consulting and managed services to the financial services industry, launched a North American Finance, Risk & Compliance Group, enabling the firm to expand its existing service expertise to North America.
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Buck: Health Coverage to Rise by More than 10%
Costs for the most popular types of health care coverage are projected to increase at double-digit rates for 2010, according to a survey of insurers and administrators by Buck Consultants.
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Avanade Unveils Online Services for CRM
Avanade, a business technology services provider, unveiled Avanade Online Services (AOS), a new business focused on helping organizations use Strategic Software as a Service (SaaS) to achieve business objectives.
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Bain Co-Founder Joins Censeo Consulting
Patrick Graham, one of Bain & Company's founders, has been tapped to serve on the board of Censeo Consulting Group and will serve as a senior advisor.
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Huron Bulks Up Restructuring Group with 3 Hires
In what’s surely a sign of the times, Huron Consulting Group is bulking up its restructuring and turnaround efforts with the addition of three industry veterans.
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By the Numbers: Public Company Financial Recap
It's still too early to learn how public companies fared in 2009. However, based on a sampling of firms that reported quarters ending just before the end of the year, signs weren’t all that encouraging.
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Rankings
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Best Firms to Work For 2009
This year’s Best Firms to Work For have truly distinguished themselves as the profession’s premier employers of choice. First, to receive this honor, they competed against the largest ever pool of participants (236 consultancies, up 13 percent from last year’s record high). Second, they are recognized for prioritizing their consultants’ job and their entire workforces despite challenging economic conditions.
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The Best Places to Stay, 2009
Who came out on top, in our annual look at consultants’ favorite hotels, airline and car rental companies?
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Seven Small Jewels 2009: The Hidden Gems of the Profession
Small firms are no longer flying under the radar. In these uncertain times, that much we can be sure of.
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Interviews
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Consulting One on One with Romil Bahl
In the January/February edition of
Consulting
, we examined how American Express is formalizing a consulting business around the data mining and analytics it is performing based on its unique access to aggregated consumer credit card usage information. In a similar vain, PRGX (formerly PRGX-Schultz) is looking to expand its consulting offerings by data mining the aggregated data it has collected on the business-to-business transactions in the retail and healthcare markets as part of its profit recovery audit business. To learn more,
Consulting’s One on One
sat down with PRGX CEO Romil Bahl. Bahl joined the firm a year ago. He previously co- founded Infosys and was recognized by
Consulting
as one of the Top 25 consultants in 2007.
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One on One with OMNI's Frank Bernhard
The merger and acquisition market is way down from its peak a few years ago, but there are still significant consulting opportunities for well-positioned firms. To better understand the upside to the down M&A market,
Consulting
’s One-on-One sat down with Frank Bernhard, OMNI Consulting Group’s managing principal for its telecommunications, media and technology practice. His 20 year-old M&A firm grew by 7.8 percent in 2009, far outpacing the sluggish market.
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Out of Office: Roz Savage
After 11 years as an IT consultant, Roz Savage knew she wanted to take her life in a new direction. But little did she realize she’d be charting a new course in a kayak.
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Ingenix CEO Says He’s Bullish On Healthcare Opportunities
In November, John Nackel was named CEO and executive vice president of Ingenix Consulting, a 1,000-person firm providing services focused on hospitals, health plans, physicians, employers, government agencies and pharmaceutical companies. Consulting sat down with him to discuss the healthcare marketplace.
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Financial Services Forum: Forsight Into Emerging Consulting Demand
- New York - March 25, 2010
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How do you expect your firm's headcount to change in 2010?
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Data Watch
Where would you be most apt to go if you left your current employer?
Source: Consulting magazine's Best Firms to Work For survey, 2009
Client Industries
Insurance
Packaged Goods
Energy
Healthcare
Financial Services
Retail
Public Sector
Manufacturing
Communications
High Tech
Focus: Client Industries
Healthcare
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Case Study: North Highland Gets Blood Flowing for Red Cross
When someone is injured and in need of blood, most people just take for granted that the needed supply will be available. But some organization—in most cases, The American Red Cross—is responsible for making sure public donations keep pace with demand.
Public Sector
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Deloitte's New Day
New CEO Punit Renjen is telling anyone who will listen—Deloitte is in ‘a category on one’ when it comes to solving clients’ most complex problems.
Financial Services
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American Express is Back
American Express—and its 4 billion transactions a year—just re-entered the profession. Should you be worried?
High Tech
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Growth Areas Emerging in High Tech
The recent surge in intellectual property protection work, particularly for high tech clients, is starting to wane. Leading firms in this space are starting to identify new growth areas.
Service Lines
Strategy
HR
IT
Operations
BAS
Focus: Service Lines
Operations
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The 2010 Outlook
As we close the book of business on 2009, and look forward with cautious optimism to a brand new year in consulting, we tapped some of the very best minds the profession has to offer. Here’s what they had to say:
Strategy
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KIA Corner: Marketing Myths... and How to Make Sure They Don't Put Your Firm at Risk
At La Guardia Airport recently, I overheard two consultants talking about a lingering illuminated Accenture billboard featuring the firm’s “former” spokesman Tiger Woods:
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Special Online Supplement: Electronic Health Records - Driving Consulting Demand
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Travel Advisory
»
China’s Suzhou Marriott Hotel Opens
In January, Marriott Hotels & Resorts opened the doors of the Suzhou Marriott Hotel.
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Hyatt’s Andaz Brand Arrives on Wall St.
Andaz Wall Street, the only hotel located on Wall Street in New York City, opened in January.
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Road Warrior: Travel Sleep Aides
Sometimes the most productive use of your time on a long flight is to get a few hours of sleep. But managing to doze off on a long commercial flight can be easier said than done.
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Book It!
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Excerpt: NIMBY Wars
The following is an excerpt from
NIMBY Wars—The Politics of Land Use
by P. Michael Saint, founder and CEO of The Saint Consulting Group, Robert J. Flavell, an attorney and expert in land-use strategy and Patrick F. Fox, President of Saint Consulting.
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Review: Adventures in Global Consulting
Let’s face it—sometimes it’s all too much and you lean back on the plane and wonder why you choose this profession.
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Review: 90 Days to Success in Consulting
Yeah, right! That’s probably most consultant’s reaction to the title of William McKnight’s
90 Days to Success in Consulting
.
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Review: Winning the Professional Services Sale
Consultants know all too well how hard it is in the current environment to close that sale.
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Review: Rethinking Retention in Good Times and Bad
There may be no bigger issue facing the consulting profession in 2010 than staff retention.
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Consultants on Consulting
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Enterprise Friction: A Mandate for Risk Management
In today’s battered economy, few are willing to put in place anything that might meddle with earnings potential. Even fewer are willing to spend money on something that may offer only a theoretical return on investment.
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Can Cost Cutting Uncover Value?
For much of the past 15 months, every business has been scrambling to find new ways to cut costs in the face of a recession. And nearly every manager responsible for delivery those savings is frustrated, exhausted, and pushed to the brink trying to find new ways to change their cost structure and operating effectiveness.
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Hiring in Today’s Sluggish Market: Picking the M&Ms from the Trail Mix
It doesn’t matter whether you’re the general manager at a thriving company or a recent MBA graduate—you’re doing what you must to live through this down economy. In recent months, the U.S. unemployment rate topped 10 percent—the highest in over 25 years—and seems to spare not even the well-accomplished.
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Finding World Class Diversity Management Capability
Effectively managed, diversity becomes a strategic force that both results from and contributes to organizational success in the global arena. Ignored or mismanaged, diversity can stymie the most ambitious of global aspirations.
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