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SIMSREE Consulting Club Newsletter - March 2013


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Greetings from SIMCON - SIMSREE Consulting Club !

Attached is the March Edition of BEACON (Monthly Newsletter from SIMCON).

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SIMSREE Consulting Club Newsletter - March 2013

  1. 1. Mail to:simcon.simsree@gmail.comR O L E O F C O N S U L T I N GI N C O N S T R U C T I O N1C O M P A N Y O V E R V I E W :A R T H U R D . L I T T L E2C O N S U L T I N G W O R L DN E W S3M A R C H Q U I Z 4F E A T U R E D A R T I C L EO N P A G E 2 A B O U TSydenham Institute of Management Studies, Research and Entrepreneurship EducationMARCH 2013B E A C O N:BE-A-CONSULTANTIssue: 5INDEXThe Construction Industry needs out-of-the-box thinking to help with strategic planningand financial issues. Construction services team of various consulting firms bring entrepreneurialenthusiasm and creativity to construction projects. Their philosophy of service involves investingknowledge and experience in client’s success. Clients are in commercial construction, residentialconstruction, and heavy highway construction. They are general contractors, sub-contractors, andindustry suppliers.Consulting firms conduct risk assessments of projects aimed at identifying risk areas whichcan be managed through project strategies and contract conditions. The risk assessment process isalso aimed at identifying the risks which a client is prepared to accept (“risk appetite”).These risk assessments form the basis of the recommendations in respect of the projectstructure and the best fit contract conditions to implement such project structure. They also reviewcontract conditions, drafted by others, at enquiry stage to establish the risks inherent in such contractconditions.Consulting firms assist clients implementing recommended project strategies such as:1.Engineering, Procurement and Construction Management (“EPCM”)2.Agreed Target Cost3.Build-Operate-Transfer4.Public Private Partnerships5.Partnering and alliancesEach project strategy has its unique benefits and risks. Firms assist clients by Identifyingsuch benefits and risks; Providing strategies to ensure that such risks are properly managed so thatbenefits can be maximized; and Drafting and negotiating contracts on behalf of clients to ensure thatthe contractual framework to implement recommended project strategy is maintained. Firms assistclients with the drafting of all capital procurement and related contract documentation. Such contractdrafting service consists of:1. Recommending standard form contracts.2. Amending standard form contracts to complement a client’s risk appetite.3. Drafting tailor made contract documentation. Contract drafting service also entails reviewingprocurement documentation used by their clients on a regular basis.4. Project / Commercial Management: Firms provide a project / commercial management servicewhich is aimed at ensuring compliance with recommended project strategy & contract conditions.5. Project Launch Workshops: Firms facilitate workshops with the contract management staff, con-duct risk assessments, devises mitigation & management strategies to counter the risks.6. Project Management Audits: Firms audit contracts to ensure implementation and managementstrategies have been used and are successful, alternatively establish why things have gone wrongand present workshops to devise and promote counter strategies to avoid problems in the future.A MONTHLY NEWSLETTER FROM SIMCON - SIMSREE CONSULTING CLUB1 . A R T I C L E : R O L E O F C O N S U L T I N G I N C O N S T R U C T I O N I N D U S T R Y
  2. 2. A R T H U R D . L I T T L EPage 2: BEACONK N O W Y O U R C O M P A N YIt is renowned international management consulting firmheadquartered in Boston, Massachusetts, United States, formallyincorporated by that name in 1909 by Arthur Dehon Little, an MITchemist who had discovered acetate. Arthur D. Little pioneeredthe concept of contracted professional services. The companyplayed key roles in development of business strategy, operationsresearch, word processor, first synthetic penicillin, LexisNexis,and NASDAQ.Profile:Headquarters: Boston, MAFounded: 1909Offices: 27 situated across 21 countriesGlobal presence: Americas, Asia & Middle East, Western EuropeServices offered :ADL in consulting news:Alliance with Solidiance to strengthen its business in Asia:Global management consulting firm Arthur D. Littlesigned a comprehensive partnership agreement with Solidiance, aSingapore-based B2B growth strategy advisory firm operating inseveral Asian countries, with the aim of jointly pursuing businessdevelopment in the region.Alliance partner, Solidiance, has been a strong promoterof “growth and innovation” in China, SE Asia, and India since itsfounding in 2007. Solidiance has achieved steady growth by pro-viding a variety of growth advisory services grounded in first-handlocal marketplace knowledge on behalf of a wide range of Fortune1000 client companies in various industries and fields, spanningfrom B2B market research to planning market entry and growthstrategy, etc.Solidiance’s co-Founder and Managing Partner DamienDuhamel commented that: "We are absolutely delighted to partnerwith Arthur D. Little, the oldest yet most innovative ManagementConsulting firm in the world. Our people-focus and customer-centric mindsets are very much alike. As such, we believe thecombination of our mutual strengths will offer clients better in-roads into the growing emerging markets of Asia where Solidiancehas a very strong regional position.Arthur D. LittleParent Company Arthur D. LittleCategory General Management ConsultancySector ConsultancyTagline/ Slogan Linking Strategy, Technology and Innovation.USP More stress on innovation, strategy & technology.STPSegmentCompanies and industries seeking professionalbusiness solutionsTarget Group All industries, corporate, business groupsPositioningOne of oldest general management consultanciesin the world.SWOT AnalysisStrength1. Arthur D. Little pioneered the concept of thecontracted professional services2. They have 35 offices in 20 countries.3. The company was started in 1886 and formallyincorporated in 1909. One of oldest consultanciesin the world.4. They publish a bi-annual thought leadershipcollection called PRISM5. Small yet skilled employee baseWeakness1. They have only about 1000 employees acrossworld, hence service reach is limited2. They have lesser brand recall vis-à-vis theircompetitors.Opportunity1. They have opportunity in growing economies inthe world.2. They need to leverage their first consultancyposition as a marketing strategy3. Increase employee base as for all consultingcompanies, employees are the biggest asset.Threats1. The ongoing recession could pose a threat tothe business of Arthur D. Little2. Their limited presence vis-à-vis experience cancause a threat to the firm’s business.CompetitionCompetitorsA.T. Kearney, Bain and Company , Booz andCompanySources: Also Link to case studies:
  3. 3. KPMG: China, Brazil and Singapore Lead Consumption of Digital MediaAs a part of its International Digital Debate 2013, KPMG recently conducted a survey on digital media consump-tion. As per this survey, urban consumers in China, Brazil and Singapore are proving to be the world‟s most voracious us-ers of digital media, powered by the rapid uptake of smartphones and tablets.This online global survey covered more than 9,000 consumers across North America (US, Canada), Europe(Germany, Spain, United Kingdom), Asia Pacific (Australia, metropolitan China and Singapore), and Latin America(metropolitan Brazil). As per the survey, Seventy-seven per cent of Chinese consumers and 62 per cent of Brazilian con-sumers are happy to receive online ads in return for lower-priced or free services. Metropolitan China has an estimatedpopulation of 426 million and metropolitan Brazil 50 million.Survey also suggests integration of content, devices and distribution channels to capitalise on information needsof these consumers.Ernst & Young: One of the best places to workErnst & Young has been recognised as the one of the UK‟s leading employers in The Sunday Times „25 Best BigCompanies to Work For‟ index.Ernst & Young was praised by the judges for its approach to work-life balance. The firm has long been a sup-porter of flexible working, but is striving to make it „business as normal‟ rather than the exception, and accessible to all. Thefirm‟s UK employees are encouraged to choose how, when, and where they work.The professional services firm, which has over 10,500 employees in the UK and is one of the country‟s biggestgraduate employers, achieved a ranking of fourteenth place, ahead of the likes of Accenture, Deloitte and KPMG.PwC: Shutdowns climb tenfold in a yearMultiple retailers closures reach 20 stores a day on average across Great Britain‟s town centres in 2012, saysPwC and Local Data Company analysis. The PwC data also revealed that across multiple retailers in 500 town centrescard, computer games, clothes, banks, health foods, jewellers, travel agents, recruitment agencies and sports goods shopshave been amongst the hardest hit in 2012. Pound shops, pawnbrokers, charity shops, cheque cashing (payday loans),betting shops, supermarkets and coffee shops bucked the trend showing growth during the year.Deloitte: Center for the Global Food Value Chain DebutsThe Deloitte Center for the Global Food Value Chain, a source of insights and analysis designed to help compa-nies in the food and beverage business understand the changing regulatory environment, reduce risk and address supplychain issues, debuted recently.The Center also addresses broad and varied food safety and quality issues, including changing regulations be-sides FSMA, market trends, supply chain risk, operational impacts, and use of business analytics to help improve perform-ance.The Deloitte Center for Global Food Value Chain leverages Deloitte‟s experienced industry and regulatory busi-ness advisors and former executives from government agencies. This Center is designed to help companies understandand address quality and safety issues, changing regulations, market trends, supply chain risk, operational impacts, anduse of business analytics to improve performance. Deloitte‟s goal is to establish a resource for companies to share ideasand gain valuable insights that will help advance food safety and quality.Accenture: Among Canada’s Best Diversity Employers for 2013Accenture has been named to Canada‟s Best Diversity Employers list, an annual competition to recognize Cana-dian employers with exceptional workplace diversity and inclusivity programs.Several of Accenture‟s initiatives contributed to its inclusion on the ranking, including: Women‟s platform: Throughthe “Defining success. Your way.” initiative, Accenture is committed to helping its more than 90,000 female employeesworldwide define and develop their own paths to success.Persons with Disabilities (PwD): A global employee resource group focuses on efforts to help PwD across Accen-ture, including assistive technology, workplace accommodations, HR policies, training and development, geographic net-working and recruiting efforts. Lesbian/Gay/Bisexual & Transgender (LGBT): Accenture‟s LGBT program include communi-cations, education and development, events, collaboration, policies, procedures and regional networksConsulting World NewsPage 3: BEACONSources: , , ,,
  4. 4. Mail Answers withSubject= simcon_quiz_march_2013First Received All Correct Answers willbe published in next month’s Edition.B E L O W A R E A N S W E R S T OV O L - 4 . F E B _ 2 0 1 31. When this person was the warden of the royal mint in the late 1690s one in four coins was fake since their bits were beingclipped of gold coins. In order to curb this, he designed and installed new minting machines that were 8 times faster and theproduced coins that were hard to forge or clip. Name this person.2. This brand was first manufactured as an insecticide in the 1870s by a German immigrant to Aus-tralia. It is said that he came up with the name for this brand with a little help from his French wife. Itis a combination of a French word & German word. It also has a lovely rogue mascot. Name it.3. Identify the gentleman in the pic4. This brand was introduced to the world in 1947 by an Italian immigrant in the US. India will be thefirst market where a powdered variant of this brand is being introduced. Name it.5. Connect the Octopus, the Murex Snail, Cow‟s urine, the Lac insect and Red Onions with fashionindustry. What do you get?QUIZZ TIME !!Contributions invited: To make this feature a successful effort, we seek continuedinvolvement and contribution from our readers, that is YOU. We invite articles and trivia onthemes related to consulting. Be it industry news, consulting trends, a joke, a cartoon orfeedback, we are eager to hear from you. So go ahead, do your research, pen down yourthoughts and mail your entries to Regards,SIMCON –SIMSREE CONSULTING CLUBSIMSREE, B-ROAD CHURCHGATE 400 020, INDIA.Mail To: simcon.simsree@gmail.comQUIZ OF MARCH 20131. Mont Blanc has designed special edition pens in their honor2. Mike Lazaridis of Research In Motion which makes the Blackberry3. Chitra Ramakrishna , she will assume the role of NSE (national stockexchange) CEO from April 1 , 2013 , she will be 1st woman to assumethis role4. Boroline5. Jeffery Immelt of GEPage 4: BEACON