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Commando Consulting: May 2009 - Are You Ready to Get Tough on Your Consulting Firm? Part 2: SuppliersBy Tom "Bald Dog" Varjan There is also a podcast version of this newsletter for subscribers only. So, if you're interested, you can subscribe through my Practice Management Black Paper. Of course, you also gain access to the past podcast issues. Continuing from part 1 of this article, and after discussing how to get tough on ourselves, our associates and prospects, in this article we discuss how to get tough on our suppliers. Although consulting firms, as knowledge-based organisations usually, don't have many suppliers, they do have some, so it's vital to take a closer look at this relationship. And under "suppliers" we can also consider the other professionals for whom your firm is a client. Read the full article of Are You Ready to Get Tough on Your Consulting Firm? Part 2 on EzineArticles.com.
Recommended ReadingBad MedicineDoctors Doing Harm Since Hippocrates
I've decided to include this book in this review because, just as doctors provide physical health to their patients, consultants provide financial health to their clients. Or at least they're supposed to. But do they? It turns out over the years doctors have done more harm than good to their patients. Doctors have been so busy worrying about their image and prestige that they pushed the interest of their patients to the back burner. Doctors have always ahd their own "Best practices", and even new and better practices have been invented, the old "tried and tested", although useless, practices have remained in operation. And what was the best of best practices: Bloodletting, of course. Consider the experiment of an Italian doctor, Antonio Durazzini in 1622. After the epidemic of a deadly disease, he started tracking the victims, and he concluded that the people who could NOT afford medical treatment had a better chance of survival than those who sought out "professional" help. Again, the treatment was the one-size-fits-all method: Bloodletting. Here are some interesting examples of medical complacency...
Why is this important? Because this is happening in consulting too. In 1964 Peter Drucker coined the phrase "knowledge worker" and "knowledge work", but in 2009 many (most?) consulting firms are still selling time chunks of manual labour. Is it surprising they become commoditised? Not really. When I was doing my Certified Management Consultant accreditation, in one of the assignments I mentioned the dirty "V" word: Value. The instructor (Some MBA guy) almost ripped my head off for wasting the client's time on such a nebulous concept as value. As he said... "The consultant's stock in trade is his time. Consultants sell their time, and get paid for the time units they sell. The more time chunks they can sell, the more they can earn. It's that simple." I believe both the medical and the consulting industries suffer from hard core complacency: There is only one correct way of doing things, and anyone who tries to deviate gets punished. I encourage you to get this book and how similar practices that hinder progress in the medical industry may hinder progress sin your consulting firm. After all, medicine is a form of consulting. Here is an interesting interview with Professor David Wootton of York University and Professor David Armstrong from King's College, London.Place your order with Amazon.com for Bad Medicine. You'll be glad you did. | |||||
Copyright 1997-2008 Tom "Bald Dog" Varjan. All rights reserved. You are free to use this article in whole or in part. One favour though: Can I ask you to you include complete attribution, including a live website link. Also, can you please let me know where you plan to publish the article. The attribution: This article was written by Organisational Provocateur, Tom "Bald Dog" Varjan of Dynamic Innovations Squad, a firm specialising in helping consulting firms to sell their expertise at the highest margins. Get Tom's free Practice Management Black Paper when you sign up for his monthly newsletter, Commando Consulting: Lessons And Practices From The Ultimate Professional Service Firm, The Military. Visit Tom's website at http://www.di-squad.com. Copyright 1997-2010 Tom "Bald Dog" Varjan & Dynamic Innovations Squad, All rights reserved. Vancouver, BC, Canada As you grow your people, in return, so they grow your firm |