Shared Flashcard Set

Details

Offers and Presentations
Final Exam
31
Business
Undergraduate 3
06/11/2009

Additional Business Flashcards

 


 

Cards

Term
Definition of a consultant
Definition
A professional who provides advice in a particular area of expertise
Term
Five major consulting segments
Definition
IT, Operations management, Corporate Strategy, Outsourcing, Human Resources Management
Term
Advantages of Internal Consulting
Definition
Speed, reach, confidentiality, Cost-effectiveness, own company's interests first.
Term
Advantages of External consulting
Definition
Cost efficient, Brings knowledge of industry best practices, brings proprietary methodologies, good governance
Term
Internal consulting disadvantages
Definition
Objectivity, Knowledge, Costs, Costs vs. Benefit
Term
Consulting Market
Definition
2007 $300 Billion, estimated growth of 8% annually until 2012.
Term
Consulting Career structure
Definition
Graduates > Consultants > Senior Consultant > Business development manager > Directors/Partners
Term
What does a consultant do?
Definition
Gathers information, analyzes information, draws conclusions, makes recommendations.
Term
The consulting process
Definition
Getting in, understanding, offering solutions, presenting feedback, implementing, getting out.
Term
The Big Five interactional roles
Definition
Supplementing, Complementing, Differentiating, Integrating, Enhancing
Term
Three modes of consulting
Definition
Doctor - Patient
Expert Mode
Process Mode
Term
Parts of an Offer
Definition
Background, Objective, Assignment, Expected results, Methods & Approach, Procedures, Timeline, Financing
Term
The three facets of a business problem
Definition
Rational
Cognitive
Political
Term
Value of the 3 facets of a business problem
Definition
Rational: Determines value you can add
Cognitive: Determines comm with client
Political: Determines how to get org behind you
Term
The 4 dimensions of a problem
Definition
SWOT (Internal assistors & inhibitors, External assitors & inhibitors)
Term
Setting the objectives
Definition
Make them SMART
Term
DMAIC
Definition
Define, Measure, Analyze, Improve, Control
Term
Roles within a consulting unit
Definition
Team leader, Client Contact, Information gatherer, information analyst, Report writer, Report presenter.
Term
Consultant's toolkit
Definition
SWOT, PEST, Five Forces, Ansoff Matrix, BCG Matrix
Term
DMAIC -> PDCA
Definition
Plan, Do, Check, Act
Term
The 5 criteria of a project
Definition
Starting point, End point, Series of ordered activities, Adding Value, For the recipient
Term
13 simple steps to project success
Definition
Read it yourself! It's huge!
Term
The communication process
Definition
Message > Encode > Transmit > Decode > Understand > Feedback
Term
Advantages of verbal communication
Definition
Generated immediately, Flexible, Low Costs, Allows instant feedback, Personal, Can be modified with paralanguage and complemented with non-verbal communication
Term
Disadvantages of verbal communication
Definition
Usually no room for permanent record, Can be difficult to control and direct, Responses expected quickly (No time to think), Can slip out of control, Cannot always be planned.
Term
Paralanguage
Definition
Tone of voice, Timbre of voice, timing.
Term
Written communication advantages
Definition
Time to plan, Permanent, Unambiguous, Easily copied, Receiver has time to analyze, Supplement with visual.
Term
Written communication disadvantages
Definition
Slow in comparison to verbal, No immediate feedback possible, Little opportunity to modify.
Term
Visual communication advantages
Definition
Can be powerful, Can simplify complex ideas and relationships, Can support and add impact, Can be memorable
Term
Visual communication disadvantages
Definition
May be ambiguous without supporting explanation, May require special skills, May be costly to produce.
Term
The Big Idea approach
Definition
The big idea, means of achievement, Logic, Evidence
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