Innovating steps taken by Booz Allen & Hamilton Essay Example
Innovating steps taken by Booz Allen & Hamilton Essay Example

Innovating steps taken by Booz Allen & Hamilton Essay Example

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  • Pages: 2 (512 words)
  • Published: October 6, 2018
  • Type: Case Study
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Initially, the company's top executives implemented a fresh strategy that called for teamwork among employees, sharing of data, and acknowledging the advantages this could bring to colleagues. This change was met with opposition from workers who were accustomed to receiving individual compensation plans. To address this issue, the organization opted for a different approach by establishing an information repository containing details about each employee's projects. This centralized hub facilitated access to necessary information and support for team members' tasks while also promoting virtual collaboration and preserving company culture. Finally, senior management evaluated two other strategic options to further facilitate implementation of this approach.

There is a growing understanding that consulting firms and operating companies have distinct product development requirements. This notion arises from the fact that operating companies possess more avenues for innovation, such as operations, sales, and communication cha

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nnels. Conversely, consulting firms only offer services and thus experience fewer opportunities for fostering innovation. For instance, manufacturing companies can enhance their assembly lines to boost production rates and refine their products' quality.

Utilizing strategic innovation can give a company an edge over competitors, but for consultancy firms, it's crucial to consider the channels they utilize. While manufacturing companies can use both media and face-to-face sales tactics, consultancy firms are limited to physical interaction with clients. This limited interaction poses challenges for consultation firms trying to differentiate themselves from rivals. Nevertheless, Booz ; Allen pioneered tailored consultation services for their clients.

Although a bank or service organization doesn't handle physical products, they can still customize their services to create a unique selling point. Meanwhile, consulting firms face constraints in innovating their services since standardization is necessary when dealing with

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multiple clients. To achieve this standardization, customers must receive consistent products and treatments. Furthermore, consultants must adapt their services to meet each client's unique needs as every business has different challenges to overcome for success.

Consulting firms rely heavily on close collaboration with clients to gain a thorough understanding of their business and challenges. Unlike manufacturing companies that can offer predetermined products based on criteria, consulting firms face greater challenges in terms of innovative solutions. However, alternative approaches can be taken in order to overcome these obstacles. It is crucial to recognize that each firm has its own distinct methods of innovation and should not be compared solely based on their ability to innovate.

The consulting firm, much like Booz ; Allen, can innovate through strategic information use. This is achieved by promoting collaboration among employees who encounter similar situations. Although there are differences in product development needs between consulting and operating companies, Brian Dickie recognizes that each firm has its own distinct viewpoint and cannot be measured in terms of performance or innovation. Therefore, consulting firms should take into account their service offerings and aim for optimal standardization when it comes to fulfilling innovation and product development requirements.

The source for information on innovation is from Wikipedia, accessed on October 31, 2007 at http://en.wikipedia.org/.The following HTML tag contains a reference to "Innovation" found on the website "org/wiki".

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