This is supported by the fact the entire management consulting industry produced a global revenue of 29.4 billion with BCG contributing 3.7 billion; therefore, the Big Three combined approximately contributed about only half the total global revenue. Due to the large number of suppliers in the industry, the clients have power to ask for higher quality of service and greater level of service that is driven by business needs.
You should try to understand not only the organization but also the industry which the business operates in.
Porter Five Forces is a strategic analysis tool that will help you in understanding the relative powers of the key players in the business case study and what sort of pragmatic and actionable case study solution is viable in the light of given facts.
You can even identify the source of firm's competitive advantage based on PESTEL analysis and Organization's Core Competencies.
Once you have developed multipronged approach and work out various suggestions based on the strategic tools.
Divisions located in Quadrant I of the BCG matrix are called Questions marks, those located in Quadrant II are called Stars, those located in Quadrant III are called Cash Cows, and those that are located in Quadrant IV are called Dogs.
Boston Consulting Group( a Big Three firm) is competing in the global management consulting industry with the suppliers being the global management consulting firms made up of three different groups: a few large consulting firms, a modest amount of mid-size firms and many boutique firms.The goal of the business case study is not only to identify problems and recommend solutions but also to provide a framework to implement those case study solutions.Implementation framework differentiates good case study solutions from great case study solutions.The buyers of the industry are any global businesses looking for advice and expertise in problem analysis and business development. The large size multi-service consulting firms are well developed and experience a high level of economies of scope based on the client casework database.However, it is relatively easy for a consulting firm to enter the consulting industry as a boutique and compete for local jobs due to the low capital requirements, switchings costs, limited government policy and easy nature of distribution of its services. As a global consulting firm, there is increase competition for business and the market is saturated with many suppliers of service.It also provides starting ideas as fundamentals often provide insight into some of the aspects that may not be covered in the business case study itself.To write an emphatic case study analysis and provide pragmatic and actionable solutions, you must have a strong grasps of the facts and the central problem of the HBR case study.Business case study paragraph by paragraph mapping will help you in organizing the information correctly and provide a clear guide to go back to the case study if you need further information.My case study strategy involves - Once you are comfortable with the details and objective of the business case study proceed forward to put some details into the analysis template.You can do business case study analysis by following Fern Fort University step by step instructions - In our live classes we often come across business managers who pinpoint one problem in the case and build a case study analysis and solution around that singular point.Business environments are often complex and require holistic solutions.