In order to achieve the greatest success in business, it is important for top management consulting firms to be able to attract and retain the top talent in the global marketplace. The top management consulting firms must make sure they are providing themselves with the right tools, information, and access to the right networks to be able to do this. Below, please read an in-depth review of each firm listed in our compilation of the upcoming top management consulting firms of the future. have highlighted some key factors that made these top marketing consulting firms able to score such high in our evaluation.
* A Glassdoor Scorecard that is used by top management
consulting firms will not only help the company understand how its compensation
plans are currently set up. It will also help the company get a better idea of
how compensation plans can be adjusted to attract the right talent without
creating a lot of conflict within the company. Management consulting firms
should be focusing on getting feedback from potential talent very early on in
the hiring process. If a company has managed to successfully attract the talent
without any major conflicts in the future, then this is a strong sign that
compensation and benefits packages need to be adjusted to offer incentives to
bring in the right people.
* Effective relations and networking. Oliver Wyman and
Company did an excellent job at building relationships with key suppliers. One
of the main reasons that they were able to pull this off is because they had
strong strategic alignment with the entire manufacturing, sales, distribution,
and marketing groups. By having a strong strategic alignment, Top marketing consulting firm are much more likely to stay on target with regards to the
strategies they want to implement. Poor planning and implementation can result
in a lot of wasted time and money as well as negative public perception.
* Key partners and offices. A management consulting firm
should look for management consulting partner offices that are strategically
located to ensure that their clients can easily find their offices. A
consulting firm should also have strong partnerships in key cities around the
world. This ensures that clients do not have to travel great distances to find
a partner office, or they can simply bypass larger cities and find an office
close enough to meet with their consultants without having to travel. Poor
planning can result in poor revenue growth, delayed product development, and
lost opportunities.
* Employee network. Top consulting firms should have
strong employee networks internationally. Employees are much less likely to
move to a new office if they can easily make contact with people that they
already know. This provides employees with an increased sense of loyalty to the
company and increases the likelihood that they will remain in the office
long-term. This is especially true of smaller consulting teams, which are often
made up of local residents.
Global consulting firms should take a global perspective
when implementing a strategy. They should look to strengthen ties with
suppliers and distributors that can provide a stable source of contract
manufacturing at low cost, and reduce the cost of raw materials. A global
consultancy firm should also look to support partner companies that can provide
low-cost infrastructure needs such as call centers. In addition, the best firms
will look to expand their clientele by creating joint ventures, purchasing
existing businesses, and looking to spin-off these partnerships into multiple
companies that provide similar services.
