Webinar: Maintaining a Healthy Professional Services Business in an Uncertain Economy
Are professional services recession-proof? Certainly not. Are they more resilient and less impacted by the traditional woes of inflation or even recession? Perhaps.
We have lived with increasing inflation for more than a year now as the Federal Reserve has raised interest rates each quarter to ward off a recession. Yet, more than half of global CEOs expecting growth to return by the year's end.
How can the dire predictions be true while unemployment is at its lowest level in half a century? If we are on the brink of recession, why isn't it showing up in the data? And why does the economy seem unfazed by Federal Reserve rate hikes?
For one thing, historical comparatives don't account for the fact that the services sector now accounts for almost 80% of the U.S. gross domestic product. And that's important because a services economy is significantly less reliant on major inflation drivers than the manufacturing sector is.
Join us Thursday, June 22, for a discussion exploring the natural economic advantages built into the services industry. Learn how top-performing professional services firms utilize data and information to stay ahead of the market, and how access to accurate, real-time analytics and forecasting tools can help you successfully navigate even unfavorable economic times.
Consulting Magazine and Sage have assembled some of the industry's leading professionals to examine this issue in a roundtable format covering key elements of this specific topic including:
- Why services are different?
- How will business models respond to market pressures?
- What top-performing services firms do better
- How to proactively set up your business for uncertainty
- The importance of data management
Featured Panelists:
Brian Siefkes, Sr. Director Professional Services, Sage: Brian has spent the majority of his career understanding the needs and pains of professional service organizations and building feature requirements and go-to market strategies for a range of products. He has written and presented on best practices for services providers that are looking to increase cash flow and build a financially responsible business.
Michael Valocchi, SVP- Head of Cognizant Consulting- Americas: Michael has 35 years of experience serving clients in a variety of roles and is currently the SVP, Head of Cognizant Consulting Americas. In this role, he oversees a 3,000+ person consulting organization that drives an industry-based agenda infused with leading-edge processes and technology capabilities for Fortune 500 firms. Cognizant Consulting's priorities focus on helping clients implement digital transformations and accelerate their growth by creating new operating and business models.
Dave Hofferberth, Managing Director, Service Performance Insight: Experienced Owner with a demonstrated history of working in the management consulting industry. Skilled in Enterprise Software, Customer Relationship Management (CRM), Strategic Partnerships, Professional Services and Market Research. Strong business development professional with a MBA focused in Business from Duke University. BS in Industrial Engineering from The University of Tennessee Knoxville.
What Will You Learn? Attendees will come away from this webinar with a better understanding of the differences between services and manufacturing markets. And how can you ensure stability during volatile economic times by strategic use of data, analytics and the tools and tactics necessary to keep pace with an ever-changing market.
We invite you to join us as we engage in this informative and unique discussion: