Difference - Applying Social Sciences to Strategy |
The U.S. economy has changed. Yesterday, it was an industrial manufacturing economy. Today, 55% of the nation's economy is service-based; the U.S. currency's value is pegged to creditors' faith in our ability to repay our debts instead of collateral like gold; and consumer sentiment is a leading indicator of economic growth. As a result, the most valuable asset of the economy is human capital - not the traditional commodity assets like factories, warehouses, or inventory. Consequently, operational efficiency is no longer a critical differentiator |
among
competitors because your industry is already doing it or can easily achieve
it with a half-century of experience to guide it. This knowledge has become
so commonplace that operational consultants must today compete on price,
not innovative thinking.
Read
more: "The
Business of Management Consulting" |
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