Business Consulting

Throwaway thought on business consulting models.  I’m thinking mainly of strategy consulting and not accounting, technology, or outsourcing. Consulting is a diverse industry. Best known are the elite strategy consultancies such as McKinsey & Co, the Boston Consulting Group (BCG) and Bain. Firms such as AT Kearney, Booz & Company and Oliver Wyman do the…

Sizzle Lean

From the Harvard Business Review: Avoiding innovation stagnation is the reason that Cook believes established companies need a lean start-up model—maybe even more than start-ups do. An idea pioneered by HBS Entrepreneur-in-Residence Eric Ries, lean start-up thinking entails launching as quickly as possible with a “minimum viable product,” a bare-bones creation that includes just enough…

Restaurants and Social Media (and your website).

Smartblog on Social Media quotes the following restaurant-and-social media tidbits: Consumers are 71% more likely to make a purchase based on social media referrals.(HubSpot) 49% of consumers use Facebook to search for restaurants. (Mashable) 58% of Facebook users expect offers, events or promotions when they become a fan.(HubSpot) 81% of U.S. survey respondents say friends’ social…

No, not that kind of network.

From the New Yorker on Netflix’s House of Cards: An Internet firm like Netflix producing first-rate content takes us across a psychological line. If Netflix succeeds as a producer, other companies will follow and start taking market share. Maybe Amazon will go beyond its tentative investments and throw a hundred million at a different A-list…