Inarticulate ramblings of a management consultant

the day to day experiences of a consultant operating in weird and wonderful client situations

Economics

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The cost of capital is less than the cost of innovation…a remarkable shift in the world of M&A

http://www.ft.com/cms/s/0/6aad8ebe-e9c0-11e4-b863-00144feab7de.html#axzz3YTZwnnI3 The attached article from the FT provides a good insight into a remarkable change in the levels of activity in M&A, particularly in pharmaceuticals ($468 billion of transactions announced in 2015, an almost unprecedented rise and certainly the most significant increase since before the global financial crisis). A frenzy of activity therefore, some of which may be driven by not wishing to be left out rather than a solid […]

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The changing face of the organisational structure…as defined by the new generation of employees

An interview recently conducted with Gary Hamel on the BBC World Service. Please click on the link below Peter Day; World of Business – interview with Gary Hamel This is worth 30 minutes of your time….I promise you. The key points from the interview: A call for a more dynamic approach to organisational structure and the commensurate implications for shareholders. Personal engagement of customers and shareholders in the lives of […]

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Human capital – what does it actually mean?

With thanks to Paul Freeman for giving me the initial inspiration behind this latest blog / rant, I want to explore this concept today in a little detail. A long long time ago (in a far away land), someone thought of this phrase as a way of creating a linguistic connection between other forms of capital (financial, intellectual) and that troublesome group of costly, irrational and emotional and most importantly […]

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The perfect storm which has the potential to challenge the corporate world as we see it today

I have spent the last few days at the Symex Conference in Palembang, Sumatra, speaking and listening to a bunch of bright, articulate and challenging speakers. It has lead me to a conclusion about a significant challenge that corporates around the world face over the next few years….a convergence of issues or perfect storm which have the potential to change the corporate landscape as we know it. Let me set […]

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Buying the right quality at the right price – the challenge for procurement

I’ve had two conversations with clients around procurement in recent times which I wanted to share with you. The first one included a remark from a client which struck me to such a degree that I wrote it down precisely. ‘Our procurement process actively discriminates against smaller firms because of the perception that they offer limited services’ were his precise words. The second was with a procurement professional who told me that his brief was […]

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Implementing a ‘bottom up’ strategy – part 3

Apologies for the delayed posting…I was at our place in Scotland on holiday and bizarrely, the golf course had more attraction than sitting behind a laptop, trying to find something meaningful to say around this particular challenge! So, for those of you who did not pick up on my previous posts, in the first one of this series, I discussed the typical approach of strategy implementation from a ‘top down’ […]

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Top down or bottom up? Developing a strategy which actually gets implemented!

Now there’s a question! Let me say upfront that as someone who comes from a programme and project management background (and therefore implementation focus), I have an inbuilt bias to this problem but will try to put a rational and as usual, highly cynical case to this problem. By the way, I don’t mean challenge, issue, risk or distraction, but serious, business / career destroying, crisis inducing, health impacting problem. […]

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Consulting for free – really!?

As I sit in the back of a blue bird taxi in Jakarta on a Tuesday night after a day of pitches…for those of you who haven’t been here, this is likely to take some time….I’m drawn to write about the plague that is increasing impacting consultants, specialist or generalist, local or international, small or large: the ‘try before you buy’ trend You know that things have started to take […]

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Re-employment, not retention – that’s the name of the game these days

It is extraordinary how age creeps up on you. In thinking about and discussing this blog with a colleague recently, I was suddenly aware of how over the course of 20+ years of work, the nature of my relationship with my employer has changed and more specifically how different it is from the new generation joining the workforce. So, like many of my peers, I’m left with a dilemma. Do […]

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People in project management – the ultimate elastic band in terms of productivity!

With thanks to Toby Tester for this topic, I wanted to explore a subject which has been close to my heart for more years than I can say. How did we get to a situation where the presumption is that human capital productivity stays constant in periods of intense change? I know this blog is supposed to be a series of incisive commentaries based on personal consulting experience but the […]

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Why do we let people who are fantastic at attracting votes run complex financially driven ‘corporations’?

As the referendum for Scottish independence draws closer, the crass opportunism and incompetence of those who are supposedly in charge of our economies becomes more and more apparent. I’m drawn to an analogy in the corporate world…would we let someone trained in the dark arts of public relations take the role of a CEO / CFO / COO? Would we let someone who was an excellent after dinner speaker take control […]

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The bubble….why does it continue? Our poor forecasting capability or collective amnesia?

I was listening this morning to the Forum on the BBC which had an archectural theme to it, notably including Stephen Bayley, a commentator with whom I had dealings some years ago and whose opinion is always worth listening to. He made the point that the completion of very large, eye catching buildings seemed to frequently coincide with an economic downturn and quoted Dubai and various buildings in London, the […]

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Compensation structures – still stuck in the dark ages

As I get older and the needs of my family change, the inherent inefficiency of traditional reward structures becomes more and more obvious. What I mean simply is that the requirements I had of both salary and benefits when I was 20 or 30 are no longer relevant to me, indeed more importantly than their practical purpose is the reduced perceived value that they offer. Much has been written and […]

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