The document discusses various delivery models in consulting:
1) Done for you, where the consultant delivers the entire service themselves.
2) Done with you, where the client manages some work while getting advice.
3) 1on1 coaching, where the consultant advises but does not do any work.
4) Group coaching, similar to 1on1 but with multiple clients in a group.
5) Online training, where the consultant creates an online training program for clients to learn from.
The document discusses various delivery models in consulting:
1) Done for you, where the consultant delivers the entire service themselves.
2) Done with you, where the client manages some work while getting advice.
3) 1on1 coaching, where the consultant advises but does not do any work.
4) Group coaching, similar to 1on1 but with multiple clients in a group.
5) Online training, where the consultant creates an online training program for clients to learn from.
Original Description:
Different types of delivery model under which services can be delivered
The document discusses various delivery models in consulting:
1) Done for you, where the consultant delivers the entire service themselves.
2) Done with you, where the client manages some work while getting advice.
3) 1on1 coaching, where the consultant advises but does not do any work.
4) Group coaching, similar to 1on1 but with multiple clients in a group.
5) Online training, where the consultant creates an online training program for clients to learn from.
The document discusses various delivery models in consulting:
1) Done for you, where the consultant delivers the entire service themselves.
2) Done with you, where the client manages some work while getting advice.
3) 1on1 coaching, where the consultant advises but does not do any work.
4) Group coaching, similar to 1on1 but with multiple clients in a group.
5) Online training, where the consultant creates an online training program for clients to learn from.
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Now coming to the type of delivery models, under which the service can be
delivered. FIrst type is Done for you. in this model, the consultant deliver the entire service itself. it is the most labour intensive.Second one is Done with you, in this model In this model you can manage a specific work while advising on everything else.3rd model is 1on1 coaching,- in this the consultant is not doing any work, he is the advisor and the client works according to the advice. 4th model is group coaching, it is similar to 1on1 , instead of doing 1on1 you assign clients into the group and advise them accordingly. 5th delivery model is online training- in this method the consultant create a training program which can be viwed by the people, in this method the clients simply learn themselves. (Next slide)
looking at the forecast the growth percentage in india is high as compared to the global growth percentage,but the share in the revenues whhen copmared globally is quite low. However, the high growth percentage indicates the higher opprtunity to grow as well. (Next Slide) Now following are the emerging trends that are shaping up the consulting industry. 1. with digital gainig momentum the role of consultants are begining to change. earlier consultants use to visit the site before collaborting with the clients,Now they will redefine their work from remote locations. 2.bespoke sloution - Firms are looking for consultancies that can provide customised solutions formulated by first gaining deep insights into their business. This will promote the role of Subject Matter Experts(SMEs) in strategy formation. 3.IN house Startegy- The growth of strategy as a function has make corporates to build their own internal strategy teams which include ex-consultants. 4.Clients ROi- firms are seeking more return on investment and ‘proof’ of quality on consulting advice. the stiff competition have eroded margins and profitability . They will likely implement cost-effective solutions and collaborate with freelancers for expert advice,leaving the heavy task to offshoring partners. 5.Technology sector demand- Technology-related businesses are on the upswing and Consulting firms with technology practice or tie-ups with technology partners will find it easy to tap this upcoming demand. 6.Deal-driven market- End clients, may seek consulting advice to focus on core vs non-core activities.This will keep consulting firms engaged, with mandates to advise firms on restructuring and divestments. (next Slide) Now some more advances in the consulting industry are- 1. increaesd in digitisation as we have dicussued earlier, 2. consultancies to develop comprehensive digital strategies and revamp the existing business and operational models. 3. consulting industry continues moving into a multi-sourcing model. This refers to them working with niche firms and other similar consultancies. 4.two market divisions – one, a low- cost and, two, a high-value, specialized consulting sector. This division forces each consultancy to devise ways to address both markets, causing a change in business models and pricing structures. 5.Recruiting new talent by consultancies continues to move from traditional top- tier universities to focus on skill sets. 6.Crowdsource taelnt - clients hire from niche firms or freelancers to save costs.7. clients have changed the method of quickly choosing consultants. They now use online services that let them perform research to determine which consultancy best serves their needs.it makes it easy for clients to find a subject matter expert (SME) 8.Between changing business models, digitization, freelancers, and SMEs entering the competitive field, business management consulting continues to require new consultants and analysts with developing skill sets. (next slide) What sorts of consulting talent are in demand? companies need a team that balances six types i.e A technical- one who is subject expert, An analytic who is an expert in data visualisation and analysis. 3. a creative person who can conceptualise and ideate. one who Should be able to manage resources and is problem solving. Finally the team should co-relate with one another. (next slide) Now, the AI has affected the sector as well, the pros of incorporting AI are- that the repetetive and administrative tasks can be streamlined, it can help in data collection and handeling and finally it improves productivity of consultants as well. while the challenegs are- adaptatoin to machine and Gig economy, it leads in transition from man-hour based to value added based models. and finally the lower price of consultation due to automation. (sathwik, you can continue).
Planning is a useless endeavor because developments in e-business and e-commerce and in the political, economic, and societal environments are moving too quickly nowadays.” Do you agree or disagree with this statement? Why?
