final irr word
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7/29/2019 Final Irr Word
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CONSULTANCY AND CONSULTANT
In general terms, Consulting, as a term, is used to define both an industry and the act of helping
companies analyze existing arrangements and develop of plans for improvements. Thus Consultancy
is a term that can refer to any form of professional advice-giving. The employees of business
consulting firms all aim to improve their clients performance they are not hired to maintain the
status quo, but to change it. The success of a consulting project is measured by the extent to which a
consulting firm is able to achieve concrete results, through the changes it not just recommends, but
carries out as well. Consulting starts when a client wants to improve performance in some part of its
business, but recognises that it does not have the expertise to do it. It becomes particularly
challenging when the client needs to resolve the issue within a short frame of time. It is prohibitively
expensive, maybe even impossible, for the client to train its own staff to solve the problem. This is
where consulting firms come in. Some services that a consultant might provide are (i) change
management assistance, (ii) coaching, (iii) technology implementation, (iv) strategy development,
or (v) operational improvement.
WHY CONSULTANCY??
Additional skills. The usual reason to hire a consultant is to get access to some of their
skills that are scarce or nonexistent in your own company.
Expertise A consultant is an expert in their field. As a business owner you may hire a
consultant for things such as finance, marketing or business operations. These
individuals are educated extensively in these fields and are specially trained to help
businesses in their specific field.Also refer to dis link-http://www.realfirstaid.co.uk/why-consultancy/
TYPES
http://www.startupfreak.com/9-types-of-consultancy-businesses/
http://consulting.co.uk/types-of-consulting.html
http://www.consultancylinks.com/types_of_firm.html
CONSULTANCY PROCESS
https://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-
co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/docu
ments/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1
t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8
B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ
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SERVICES
http://www.realfirstaid.co.uk/why-consultancy/http://www.realfirstaid.co.uk/why-consultancy/http://www.realfirstaid.co.uk/why-consultancy/http://www.startupfreak.com/9-types-of-consultancy-businesses/http://www.startupfreak.com/9-types-of-consultancy-businesses/http://consulting.co.uk/types-of-consulting.htmlhttp://consulting.co.uk/types-of-consulting.htmlhttp://www.consultancylinks.com/types_of_firm.htmlhttp://www.consultancylinks.com/types_of_firm.htmlhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttps://docs.google.com/viewer?a=v&q=cache:Ffxm_YIJnPcJ:jen-co.com/Basic%2520Guide%2520to%2520Program%2520Evaluation/acsbe.acadiau.ca/documents/6_STEP_Model.doc+&hl=en&gl=in&pid=bl&srcid=ADGEESiUOYKd0EufwlCFeDmE_nf1t95QDVay1iE2MrfoAR83cGOAB9yamjayhb9mD7G2LV_CRCBM4Q6pQiqFqaHYRTugjMVZjat8B3_ZFgFFh3qVkcwtJ5fREfraFoGzQZe_wAQmDwph&sig=AHIEtbTA5osxuSJZrS7mVNVii2Bg1IQ_Bwhttp://www.consultancylinks.com/types_of_firm.htmlhttp://consulting.co.uk/types-of-consulting.htmlhttp://www.startupfreak.com/9-types-of-consultancy-businesses/http://www.realfirstaid.co.uk/why-consultancy/ 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INDIAN CONSULTANCY SECTOR
The Indian Consulting Industry has been experiencing resurgence in the last few years. Indian
consultancy industry started expansion not only in terms of size, but also in terms of the
service offerings. Fuelled by increased demand for consultancy services by domestic and
foreign firms, the sector in India is projected to grow at an annual rate of 30 per cent tobecome a Rs 17,000 crore industry, an Assocham study said. The consulting industry in India
currently stands at Rs 13,000 crore. Rising opportunities due to a booming economy and
growing demand for consultancy services would result in a 28-30 per cent growth in the
sector. There would be over 2.2 lakh people working in this field over the next three years in
the 8500-9000 consultancy firms across the country. Currently, there are about 6000
consultancy firms in major cities like Delhi, Bangalore, Hyderabad, Chennai, Cochin and
Dehradun. "The US, UK, Japan, China, Saudi Arabia and Gulf nations acknowledge India's
consultancy firms. In the EU as well, demand for Indian consultancy firms is growing given
the competitive edge of these firms over their counterparts in the ASEAN countries,"
Assocham President Venugopal Dhoot said.
Indian consultancy capabilities are strong in areas like civil engineering, telecom, power,
metallurgy, chemical and computer software, it said.
PERCENTAGE SPLIT
http://www.consultingnetwork.co.in/indian-consulting-market-an-insight-into-the-
factors-restricting-growth/857/
CHALLENGES
http://archive.webpronews.com/articles/1028cTashkow.html
http://www.consultingnetwork.co.in/indian-consulting-market-an-insight-into-the-
factors-restricting-growth/857/
GLOBAL CONSULTING INDUSTRY
Global consulting industry revenues (including HR, IT, strategy, operations management and
business advisory services) will be about $391 billion in 2012, according to Plunkett
Research estimates. This represents reasonable growth from $366 billion in 2011. In the
U.S., accounting and related services (such as tax preparation) generated an additional$123.0 billion in 2011, up from about $116.1 billion the previous year, according to the U.S.
Bureau of the Census.
Consulting is a somewhat cyclical industry. Consultancies posted significant growth from
2005 through 2007. However, 2008-09 marked a challenging period throughout the world,
in light of the global economic slowdown and shrinking corporate budgets. In general, major
consulting companies, including leading firms in management consulting and HR consulting,
along with other advisories such as accounting firms, found themselves with substantial
drops in business during 2009, in many cases 5% to 10%. Some companies cut theiremployee rosters and/or restrained hiring. Indias largest outsourced business and
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technology consulting firms were complaining that clients were delaying or cancelling
projects as 2009 began.
However, as of late 2009 and into early 2012, corporate profits in general have grown
dramatically, meaning that executives are somewhat more willing to authorize new
consulting projects as long as they see the potential for a good return on the cost. During
2010-11, for example, Indias leading consultancies enjoyed substantial growth in employee
count and revenues, as did most of the global consulting firms based in the U.S. and EU.
TOP CONSULTANCIES
http://www.stormscape.com/inspiration/website-lists/consulting-firms/
MERCER
MERCER
With nearly 20,000 professionals active in 41 countries, Mercer is a leading global provider of humanresource consulting and related outsourcing and investment services. Clients include a majority of thecompanies in the Fortune 1000 and FTSE 100, as well as medium- and small-market organizations.Mercer generated approximately 33% of the Companys total operating segment revenue in 2010. Mercer operates in the following areas:Retirement, Risk & Finance Consulting. Mercer provides a wide range of strategic andcompliancerelatedretirement services and solutions to corporate, governmental and institutional clients. Mercerassists clients worldwide in the design, governance and risk management of defined benefit, defined
contribution and hybrid retirement plans. Mercers financial approach to retirement services enables clients to consider the benefits, accounting, funding and investment aspects of plan design andmanagement in the context of business objectives and governance requirements.Health & Benefits. In its health & benefits business, Mercer assists public and private sectoremployers in the design, management and administration of employee health care programs;compliance with local benefits-related regulations; and the establishment of health and welfarebenefitscoverage for employees. Mercer provides advice and solutions to employers on: total healthmanagement strategies; global health brokerage solutions; vendor performance and audit; life anddisability management; and measurement of healthcare provider performance. These services areprovided through traditional consulting as well as commission-based brokerage services in connectionwith the selection of insurance companies and healthcare providers.Rewards, Talent & Communications. Mercers rewards, talent and communications businesses
advise organizations on the engagement, management and rewarding of employees; the design ofexecutive remuneration programs; and improvement of human resource (HR) effectiveness.Through proprietary survey data and decision support tools, Mercers information products solutions business provides clients with human capital information and analytical capabilities to improvestrategichuman capital decision making.Mercers communication business helps clients to plan and implement HR programs and otherorganizational changes in order to maximize employee engagement, drive desired employeebehaviorsand achieve improvements in business performance.Outsourcing. Through its outsourcing business, Mercer provides benefits administration services toclients globally. By delivering services across benefit domains and international borders, Mercer helpsclients more efficiently manage their employee benefits programs. Mercers outsourcing business
offers total benefits outsourcing, including administration and delivery for wealth, health and flexiblebenefits; total retirement outsourcing, including administration and delivery for retirement benefits; and
http://www.stormscape.com/inspiration/website-lists/consulting-firms/http://www.stormscape.com/inspiration/website-lists/consulting-firms/http://www.stormscape.com/inspiration/website-lists/consulting-firms/ -
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stand-alone services for defined benefit administration, defined contribution administration, healthbenefits administration and flexible benefits programs.Investment Consulting & Management. Mercer provides investment consulting services to thefiduciaries of pension funds, foundations, endowments and other investors in more than 35 countries.Mercer advises clients and provides outsourced decision-making services covering all stages of theinstitutional investment process, from strategy, structure and implementation to ongoing portfolio
management.6Mercers investment management business provides multi-manager investment solutions, primarily forretirement plan assets, to institutional investors (such as retirement plan sponsors and trustees), andtoindividual investors (primarily through the inclusion of funds managed by Mercer on affiliated and thirdparty defined contribution and financial advice platforms). These solutions include one-stopinvestment advisory and asset management solutions for plan sponsors, bundled services for frozendefined benefit plans utilizing our expertise in liability-driven investment and actuarial techniques, andpersonal wealth solutions. The investment management business offers a diverse range of investmentoptions to meet a full spectrum of risk/return preferences and manages investment vehicles across arange of investment strategies in four geographic regions (US, Canada, Europe and Australia/NewZealand). As of December 31, 2010, Mercers investment management business had assets under
management and assets under advisory of $39.6 billion worldwide.
For strengths and USP refer to this link-
http://www.mbaskool.com/brandguide/management-and-consulting/4353-mercer.html
AON HEWITT
Headquartered in Chicago, Aon plc is the leading provider of risk managementservices, insurance and reinsurance brokerage and human resources consulting andoutsourcing. Our key advantage is our broad view of two of the most importantissues in our economy today: risk and people. With an employee base of 61,000
people working in over 500 offices in more than 120 countries, we can anticipatehow changes in one sector impact another.
Consulting Services
Aon Hewitt consulting services help leading organizations around the world confront
complex business challenges head-on. Our experts provide solutions for organizations in:
Health and Benefits
We help health benefit plan sponsors better manage spend, maintain the integrity of their coreofferings, meet the needs of their varied employee populations and manage the plans impact
on business performance and financial results.
Global Benefits
With the largest, wholly-owned network of worldwide offices, we coordinate and deploy
truly global benefit packages that drive centralized benefits efficiency and locally manage the
vital tactical issues that impact regional benefit design.
Retirement
Our retirement consultants and actuaries balance the potential and risks of retirement benefit
programs; manage adverse outcomes through financial, fiduciary, and operational riskmanagement; and better enable employers to help their workforce prepare for retirement.
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Investment Consulting
We offer investment advice to manage the cost, risk, governance, and fiduciary operations of
qualified retirement programs on an advisory, discretionary or ongoing management basis.
Compensation
We help clients balance employee and shareholder interests, achieve business objectives, andattract and retain key employees using market compensation and executive reward strategies.
Talent and Organization
We help manage the recruitment, selection, engagement and potential of critical talent,
executives and next-generation leaders while minimizing the retention and compliance risk of
a global workforce.
Communication
We use a proven strategic planning process and award-winning communication design to
engage, educate and empower targeted audiences to take the actions and change the behaviors
that will benefit them as individuals and improve organizational productivity.
Mergers & Acquisitions Solutions
We counsel companies undergoing a corporate transition to effectively assess and structure
leadership teams, address organizational and workforce effectiveness and optimize human
resource program transition, efficacy and impact.
For strengths & usphttp://www.mbaskool.com/brandguide/management-and-
consulting/4568-aon-hewitt-associates.html
Hewitt, Mercer Play Up Everything They Can Do
http://www.workforce.com/article/20070913/NEWS01/309139988/hewitt-mercer-play-up-everything-they-can-do#
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