Monday, July 27, 2009
Sunday, July 26, 2009
6Ss = Shared values for success of a consulting company
Shared values for success of Som Group (thanks to McKinsey video for the chart):
- Structure
- Systems
- Strategy
- Skills
- Staff
- Style
What I need to do to succeed as a future consultant?
I realise that to succeed as a consultant, I need to work on many things to improve myself:
* Personality
* Style
* Attitude
* Dress sense
* Oratory skills
* Debating skills
* Presentation skills
* Business development skills
* Knowledge of the world geography, cultures, politics
* A good mentor
* A great team
* Good network (friends, classmates, MBA Association & Alumni)
* Knowledge from reading related books, magazines & publications
* more... which I hope to discover with time...
For now, I need to improve my Microsoft excel & Powerpoint skills. That's a start!
* Personality
* Style
* Attitude
* Dress sense
* Oratory skills
* Debating skills
* Presentation skills
* Business development skills
* Knowledge of the world geography, cultures, politics
* A good mentor
* A great team
* Good network (friends, classmates, MBA Association & Alumni)
* Knowledge from reading related books, magazines & publications
* more... which I hope to discover with time...
For now, I need to improve my Microsoft excel & Powerpoint skills. That's a start!
Snippets of McKinsey life. Do you want to be a McKinsey consultant? Here's what it could be like... (click on this for YouTube video)
Click on the title of this post above to watch the video. Hey, after you are done, come back to this site to read my blogs :) (Or better yet, right click on the title and then click "open in a new tab" or "open in a new window")
Details about McKinsey & company is below from the following Wikipedia link:
http://en.wikipedia.org/wiki/McKinsey_&_Company
McKinsey & Company is a worldwide management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an advisor to the world’s leading businesses, governments, and institutions. It is widely recognized as a leader and one of the most prestigious firms in the management consulting industry. It has been ranked No.1 for 6 consecutive years in the Vault.com list of top consulting firms, and has been a top employer for recent MBA graduates since 1996.
Details about McKinsey & company is below from the following Wikipedia link:
http://en.wikipedia.org/wiki/McKinsey_&_Company
McKinsey & Company is a worldwide management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an advisor to the world’s leading businesses, governments, and institutions. It is widely recognized as a leader and one of the most prestigious firms in the management consulting industry. It has been ranked No.1 for 6 consecutive years in the Vault.com list of top consulting firms, and has been a top employer for recent MBA graduates since 1996.
A Quick Overview of Healthcare Business Consulting
Article from the link below;
http://www.businessgrowthconsultant.com/category/healthcare-business-consulting
Here is a list of skills that those in the healthcare business consulting profession have:
Assistance with various management tasks such as planning, strategies and procedures
As an independent consultant you many have just the right kind of information and advice that is needed to help either a corporation or individual complete a task successfully.
http://www.businessgrowthconsultant.com/category/healthcare-business-consulting
Here is a list of skills that those in the healthcare business consulting profession have:
Assistance with various management tasks such as planning, strategies and procedures
- Management development
- Selecting, recruiting and training of staff
- Marketing strategy for promotions, advertising campaigns and other sales related activities
- Assisting with market research, new product development and distribution
- Accounting and bookkeeping services
- Specialist knowledge or skills in manufacturing, packaging and buying
- Research, development and organizational planning and implementation
- Office management and administration skills
- Operations management assists with planning and implementation of procedures to obtain the results as outlined in the business plan and goals
- Assistance with international activities such as import, export, duties, licenses and general international business relations
- Specialist assistance with activities such as strategic business planning, communications, business tenders, grants, buy-outs, liquidations, government consultation and the various fields of information technology
- Survey and data administration
- Event management
As an independent consultant you many have just the right kind of information and advice that is needed to help either a corporation or individual complete a task successfully.
How to Write a Health Care Business Plan
Article from the link below:
http://www.businessgrowthconsultant.com/category/healthcare-business-consulting
A good health care business plan is crucial to any startup business. Whatever enterprise you may be considering, the better your business plan, the more likely that you will be able to attract investors and isn’t this the objective of the business plan itself? A Health Care Business Plan is no different from any other business. You need to prepare a document that clearly outlines and describes the fundamental nature of your business, the goals of the business, and how you plan to run this business.
Where do you start?
Like any plan or proposal, a good business plan must start with a summary or an overview of your project. This is like the introduction in a book or even the first scene in a movie. It is key in that its purpose is to grab the attention of the readers, peak their interest and make them want to read further.
Once you have written your overview, you can start to get a bit more specific by stating your objectives. These should be succinctly stated and use clearly defined measurable goals.
The next part of a good business plan is the part where you give what you think are the “keys” to your future success. Simply said, what will make your company or idea fly?
After this, comes the mission statement of your company. This should include a value system of some kind relating to the treatment of both your patients and your staff. What are you committed to doing?
A company summary follows this mission statement, which gives a history of the company, its employees, or founders of the company. It should stress all accomplishments and successes.
A detailed account of the services that the company will provide is the next part of a well-written business plan. These should be listed using behavioral language telling clearly and precisely what the company will do or what services will they provide.
A good business plan must demonstrate to the reader that you have done your homework; therefore a solid thorough market analysis summary must be included. What has your research told you about the need for type of business and the future prospects of your business? What is your competition and how will you compete?
Once you have given all of the above mentioned background data, you need to give the hows. How will you go about setting up the company or implementing your ideas? What are your start up strategies?
A managerial summary follows and lies out the administrative structure of the company. Who will be responsible for what and who are the overseers of the business? A financial plan is essential to a well-prepared business plan. What will be the costs – the startup cost, the cost of running the business, and additional sources of funds, including loan options? A well-prepared business plan ends with an appendix. This appendix gives detailed projections of all aspects of the business.
Remember, a solid well-written business plan is crucial to the future success of your Health Care Business. To read a sample of a well-prepared business plan, you may want to check out the following sites -http://www.hjventures.com/Health-Care-Business-Plan.html,
Tags:health care business plan
http://www.businessgrowthconsultant.com/category/healthcare-business-consulting
A good health care business plan is crucial to any startup business. Whatever enterprise you may be considering, the better your business plan, the more likely that you will be able to attract investors and isn’t this the objective of the business plan itself? A Health Care Business Plan is no different from any other business. You need to prepare a document that clearly outlines and describes the fundamental nature of your business, the goals of the business, and how you plan to run this business.
Where do you start?
Like any plan or proposal, a good business plan must start with a summary or an overview of your project. This is like the introduction in a book or even the first scene in a movie. It is key in that its purpose is to grab the attention of the readers, peak their interest and make them want to read further.
Once you have written your overview, you can start to get a bit more specific by stating your objectives. These should be succinctly stated and use clearly defined measurable goals.
The next part of a good business plan is the part where you give what you think are the “keys” to your future success. Simply said, what will make your company or idea fly?
After this, comes the mission statement of your company. This should include a value system of some kind relating to the treatment of both your patients and your staff. What are you committed to doing?
A company summary follows this mission statement, which gives a history of the company, its employees, or founders of the company. It should stress all accomplishments and successes.
A detailed account of the services that the company will provide is the next part of a well-written business plan. These should be listed using behavioral language telling clearly and precisely what the company will do or what services will they provide.
A good business plan must demonstrate to the reader that you have done your homework; therefore a solid thorough market analysis summary must be included. What has your research told you about the need for type of business and the future prospects of your business? What is your competition and how will you compete?
Once you have given all of the above mentioned background data, you need to give the hows. How will you go about setting up the company or implementing your ideas? What are your start up strategies?
A managerial summary follows and lies out the administrative structure of the company. Who will be responsible for what and who are the overseers of the business? A financial plan is essential to a well-prepared business plan. What will be the costs – the startup cost, the cost of running the business, and additional sources of funds, including loan options? A well-prepared business plan ends with an appendix. This appendix gives detailed projections of all aspects of the business.
Remember, a solid well-written business plan is crucial to the future success of your Health Care Business. To read a sample of a well-prepared business plan, you may want to check out the following sites -http://www.hjventures.com/Health-Care-Business-Plan.html,
Tags:health care business plan
The Benefits of Healthcare Business Consulting
The following blog is from the link below:
http://www.businessgrowthconsultant.com/category/healthcare-business-consulting
Those in the healthcare business must be more diligent that ever when it comes to safeguarding their finances. One must be careful of overhead and project expenses that can get out of hand, costing millions of dollars to the business. The worst case scenario is that the business is hemorrhaging money but cannot quite understand why. This is where good healthcare business consulting can be of use.
The first thing a healthcare business must do is to take stock of its financial situation. The business managers must ask themselves tough questions about their salary, project and budgetary costs. They must question every aspect of the business to see where the problem may lie. If they have asked themselves all of these questions, and still cannot find why they are losing so much money, then it is time to hire in a healthcare consulting business.
Healthcare consulting businesses can enter an ailing business and figure out what is causing the business to decline. This can mean everything from looking at your payroll expenses to helping your practice define which projects or practices need streamlining in order to turn that loss into profit. It may be that there are certain initiatives the practice or hospital needs to abandon in order to recuperate their losses. Perhaps there are some new initiatives that would help the healthcare business increase their profit margin. You just never know until you actually speak to a healthcare consulting representative.
Healthcare consultants can help you focus in the following areas to help improve your revenue and cut costs. These areas often overlap and that’s where the experience of a good healthcare consulting business can come into play.
Reimbursement/Accounts Receivable In-Depth Analysis
Fee Schedule In-Depth Analysis
Billing System Analysis
Analysis Of Your Managed Care Contracts
High Level Operations Analysis
Sometimes it is hard for a new practice to admit that they need a healthcare business consultant. Especially in the early stages of a private practice or in a hospital program that takes great pride in their work. That early in the game, it can make a doctor, dentist or hospital administrators question their overall game plan. The truth is that there may be something quite simple that is causing some budgetary problems. A healthcare business consultant can use their experience over many years with many different healthcare businesses to help your business find the holes and fill them.
If you cannot find answers to some hard questions about your practice or hospital, then it may be the right time to find yourself a healthcare consulting business to help put your practice on the right track. Rather than see this as a detriment, look at it more like an opportunity to put things in perspective and steer your organization to a successful end.
Do your research before hiring in a consultant, but rest assured that you will be making a great decision.
http://www.businessgrowthconsultant.com/category/healthcare-business-consulting
Those in the healthcare business must be more diligent that ever when it comes to safeguarding their finances. One must be careful of overhead and project expenses that can get out of hand, costing millions of dollars to the business. The worst case scenario is that the business is hemorrhaging money but cannot quite understand why. This is where good healthcare business consulting can be of use.
The first thing a healthcare business must do is to take stock of its financial situation. The business managers must ask themselves tough questions about their salary, project and budgetary costs. They must question every aspect of the business to see where the problem may lie. If they have asked themselves all of these questions, and still cannot find why they are losing so much money, then it is time to hire in a healthcare consulting business.
Healthcare consulting businesses can enter an ailing business and figure out what is causing the business to decline. This can mean everything from looking at your payroll expenses to helping your practice define which projects or practices need streamlining in order to turn that loss into profit. It may be that there are certain initiatives the practice or hospital needs to abandon in order to recuperate their losses. Perhaps there are some new initiatives that would help the healthcare business increase their profit margin. You just never know until you actually speak to a healthcare consulting representative.
Healthcare consultants can help you focus in the following areas to help improve your revenue and cut costs. These areas often overlap and that’s where the experience of a good healthcare consulting business can come into play.
Reimbursement/Accounts Receivable In-Depth Analysis
Fee Schedule In-Depth Analysis
Billing System Analysis
Analysis Of Your Managed Care Contracts
High Level Operations Analysis
Sometimes it is hard for a new practice to admit that they need a healthcare business consultant. Especially in the early stages of a private practice or in a hospital program that takes great pride in their work. That early in the game, it can make a doctor, dentist or hospital administrators question their overall game plan. The truth is that there may be something quite simple that is causing some budgetary problems. A healthcare business consultant can use their experience over many years with many different healthcare businesses to help your business find the holes and fill them.
If you cannot find answers to some hard questions about your practice or hospital, then it may be the right time to find yourself a healthcare consulting business to help put your practice on the right track. Rather than see this as a detriment, look at it more like an opportunity to put things in perspective and steer your organization to a successful end.
Do your research before hiring in a consultant, but rest assured that you will be making a great decision.
Healthcare Consulting jobs advertised by Business Week
Check out the link below for Healthcare Consulting jobs:
http://jobs.businessweek.com/a/all-jobs/list/q-Healthcare+Consulting+Company
Who says there are not enough jobs for everyone?
http://jobs.businessweek.com/a/all-jobs/list/q-Healthcare+Consulting+Company
Who says there are not enough jobs for everyone?
Article in Wall Street Journal about expensive personal doctors
For the Wealthy, Private Health Care Consultants
June 23, 2008, 9:24 AM ET
By Jacob Goldstein
Article from Wall Street Journal at the link below:-
http://blogs.wsj.com/health/2008/06/23/for-the-wealthy-private-health-care-consultants/
Confused or overwhelmed by the chaotic medical system? If you’re rich, there’s someone who’d be glad to help.
Take PinnacleCare, a Boston company founded in 2002 and profiled in this morning’s Boston Globe.
Fees range from $7,000 to $100,000 a year, excluding an initial sign-up fee; a standard family membership is $10,000, the Globe says. For that, you get services such as round-the-clock email and telephone consults, and face-to-face meetings with a personal health adviser.
The company guides clients through the system in times of acute medical problems. It also helps out during more routine moments, such as dealing with health-care issues before taking an exotic vacation.
“By navigating the medical system for you and your family and giving you uncomplicated access to the best the healthcare system offers,” the company says on its Web site, “PinnacleCare helps you and your family focus on prevention, early detection and a long-term optimal health strategy, as well as helping with immediate needs.”
Of course, helping patients navigate the medical system used to be the role of the primary care doctor. But as primary care docs have grown busier and the system has grown more complicated, patients often find themselves on their own — creating a market for PinnacleCare, which has over 3,000 members, according to the Globe.
Health wonks pushing the “medical home” model would like to see primary care doctors paid by insurers to do at least some of what PinnacleCare promises — help patients work out a long-term health strategy in good times, and navigate the system in times of crisis.
June 23, 2008, 9:24 AM ET
By Jacob Goldstein
Article from Wall Street Journal at the link below:-
http://blogs.wsj.com/health/2008/06/23/for-the-wealthy-private-health-care-consultants/
Confused or overwhelmed by the chaotic medical system? If you’re rich, there’s someone who’d be glad to help.
Take PinnacleCare, a Boston company founded in 2002 and profiled in this morning’s Boston Globe.
Fees range from $7,000 to $100,000 a year, excluding an initial sign-up fee; a standard family membership is $10,000, the Globe says. For that, you get services such as round-the-clock email and telephone consults, and face-to-face meetings with a personal health adviser.
The company guides clients through the system in times of acute medical problems. It also helps out during more routine moments, such as dealing with health-care issues before taking an exotic vacation.
“By navigating the medical system for you and your family and giving you uncomplicated access to the best the healthcare system offers,” the company says on its Web site, “PinnacleCare helps you and your family focus on prevention, early detection and a long-term optimal health strategy, as well as helping with immediate needs.”
Of course, helping patients navigate the medical system used to be the role of the primary care doctor. But as primary care docs have grown busier and the system has grown more complicated, patients often find themselves on their own — creating a market for PinnacleCare, which has over 3,000 members, according to the Globe.
Health wonks pushing the “medical home” model would like to see primary care doctors paid by insurers to do at least some of what PinnacleCare promises — help patients work out a long-term health strategy in good times, and navigate the system in times of crisis.
Subscribe to:
Posts (Atom)