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»Riding the Waves of Healthcare Risk
The modern healthcare system is much like the ocean—stormy, choppy, and hostile at times, soothing, calm and inviting at others. For surfers, the more waves you go for, the more you will catch, and the more likely you’ll “wipe-out.”
»The Department of Defense Wants a New Mantra
“Do more with less.” It’s become a tired refrain that U.S. Department of Defense leadership is all too familiar with hearing from all directions, whether it is their direct superiors, Congress, or the Executive.
»Things Go Wrong
Things go wrong. Anyone who plays poker knows this. One moment you’re on the verge of a royal flush, and the next, you pull a six of diamonds, and you’re called. Things do indeed go wrong.
»The Next Big Thing
Consultants are always looking for the next big thing, the innovation that will see clients storming through their gates, bypassing pesky procurement departments, and writing blank checks for the magic mousetrap that whitens and brightens and cleans windows, too.
»JP Morgan and The Whale: A Parable
After a tumultuous period of banking hyper-regulation after 2008, no one would have suspected in 2012 that JP Morgan, the world’s largest bank, had ineffective controls in place that left the company flat-footed when its “rogue” trader had taken untenable, long-term positions on Credit Default Swaps.
»Optimizing Manufacturing Strategy
Bloomberg News recently reported that GE intends to use 3D printers to produce 85,000 fuel nozzles for its newest jet engine, a significant leap for a technology that until now has largely been confined to prototyping tasks.
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»Marriott Goes Big in NYC
Marriott International, Inc. and G Holdings opened what they’re calling an “iconic addition” to the New York skyline, a combined 378-room Courtyard hotel and 261-suite Residence Inn hotel in midtown Manhattan. The $320 million, 68-story property is the tallest single-use hotel in North America.
»Best Places to Stay: Travel Bounces Back
Consultants are on the road again, at least according to the results of our annual Best Places to Stay survey.
»FAA: ‘Staffing Challenges’ Causing Delays
In case you haven’t noticed, non-weather related delays at U.S. airports are on the rise. (And I know you’ve noticed that weather-related delays are definitely on the rise.)
»Hilton’s Building Boom
Coming off a whirlwind 2012, Hilton Worldwide is the fastest growing global hospitality company by number of rooms.
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»Excerpt: Procurement as Productivity
The following is an excerpt from the book Procurement 20/20: Supply Entrepreneurship in a Changing World by a quartet of McKinsey & Company consultants—Peter Spiller, Nicolas Reinecke, Drew Ungerman and Henrique Teixera.
»Review: The Risk-Driven Business Model
Most companies focus their innovation on new products.
»Review: Lead Positive
Today’s business leaders face intense pressure to deliver results in an uncertain, chaotic, and high-stress business environment.
»Review: Step Up
No matter what your title or place in the organization chart, you have the potential to be a leader.
»The Three Rules
Earlier this year, Deloitte Consulting’s Mumtaz Ahmed and Michael Raynor published The Three Rules: How Exceptional Companies Think. The authors set out to answer what was, in their mind, the ultimate business question—how do some companies achieve exceptional performance over the long haul?
»Thinking in New Boxes
Creativity is key if you are to thrive in a time of accelerating change, according to The Boston Consulting Group’s Luc De Brabandere and Alan Iny.
»Protiviti Marks 10th Anniversary
Fresh off its best year since 2008, Protiviti CEO 'cautiously optimistic' about futureThis year, Protiviti will celebrate its 10th Anniversary. The firm was founded in 2002 “as a place to build a new firm that was unique in the marketplace where we could serve clients and solve problems,” says Joseph Tarantino, President & CEO of Protiviti. He, like most of Protiviti’s first employees, came from Andersen’s Internal Audit & Risk Practice who “were looking for a new home.” From humble beginnings, the firm has grown to more than 70 offices in 20 countries. “I think we’ve fulfilled the vision we had back when we started, but we all believe there’s a lot more we can achieve. As we look back on our beginnings, I think we’re all pretty excited about our future.”
Consulting: How is Protiviti celebrating its 10th Anniversary?
We have many things planned to celebrate our anniversary. We’ve actually reached out to former employees, and we’re inviting alumni back to participate in anniversary events. As you might imagine, we’re using it as a chance to thank our clients for their business and their loyalty, particularly the ones that have been with us since the beginning.
We’re also using it as a way to enhance our brand with our people. We’ve established a company store where employees can purchase branded apparel and gifts. We’re also tying it to some community activities as a way to give back to the communities where we work.Consulting: What strikes you most as you look back on the last ten years?
I would say the amount of change we’ve experienced, both in terms of the audit and risk markets and us as a firm. Early on, what sort of put us on the map was Sarbanes-Oxley and the internal audit requirements that came from the New York Stock Exchange.
It was a concentration of those services that sustained us early on. But as the business climate changed and companies became more self sufficient in those areas, we also transformed as a firm into a broader business consulting firm focused on helping companies solve problems in a number of areas. Consulting: Where is the firm today?
Last year was the best year we’ve had in three years. We experienced double- digit growth last year and ended the year with over $400 million in revenue. In some solution areas—financial services and technology—we grew almost 30 percent.
The U.S. had the strongest growth. Internationally, we’re still feeling some of the effects of what’s going on in Europe. We also have a sizable practice in Japan and that’s suffered by what went on over there.
Overall, I would say I’m cautiously optimistic about this year, especially here in the United States. We’ve had a great start to the year and the business conditions continue to be favorable, particularly in those areas I mentioned before, financial services and technology.