The Firmsconsulting Capability Center is a Firmsconsulting curated learning center for management consultants and aspiring consultants committed to improving the state and values of the profession through the sharing of ideas, concepts and information to shape global, regional and industry agendas.
As at 07 January 2012, the center contained approximately 250,000 toolkits, templates and methodologies, 190 videos on management consulting concepts, 77 podcasts on lifestyle and career management topics, sector-specific training material, a dedicated research studio staffed by ex-consulting associates and a moderated Q&A forum with over 2,000 researched responses.
Managed as a not-for-profit foundation since 2011, and headquartered in Toronto, Canada, the center is tied to no political, consulting or national interests. The flagship event of the center is the invitation-only annual management consulting strategy discussion and dinner held every year at the end of November in Toronto, Canada bringing together the 10 most influential members of the community from its 3,000 members.
The Management Consulting MBA is a set of 1,500 slides (16 presentations divided into 5 parts) and 252 page book teaching business analysts and associates all core skills and concepts needed to succeed as a management consultant. They can be viewed anytime, anywhere and on any device, and downloads are not permitted. We have conveniently separated this information from the Capability Center to ensure access across a wider audience than the center’s 3,000 capped membership. All the slides are extracted from a more extensive library of 400 presentations, (21,000 slides) which we use to train our active management consulting clients. The rest of the library not presented here focuses on niche analyses which are not necessary for every consultant to understand.
We are regularly asked the secrets to progressing one’s career and move ahead. As we have discussed in our podcasts, and simply put, things like networking within a firm, choosing the right partners, and selecting “hot” sectors only work if you can do the work well. Even the most interested partner will be unwilling to have someone on their team who is not able to deliver. You need to earn the right to gain a powerful and effective mentor. These slides will teach you how to do that.
Our ranking is unique in two ways. We went out and collected lots of facts to compile the rankings. We explain the sources and, if needed, you are welcome to replicate our analyses.
Second, we crucially distinguish between the health and performance of a consulting firm. We are the first ranking of any kind to do this. Performance is the current outcome of doing things correctly in the past. Healthy decisions are the things done today to keep up great performance in the future. Why is this important? Firms who do things to keep up their health, at the expense of performance, were sometimes punished in others rankings.
On the flip-side, firms who aggressively discounted fees or did work loosely related to management consulting simply to meet revenue targets were punished in other rankings. Not distinguishing between performance and health would have led to us making the same mistakes as the rating agencies and commending good performance when the health of a business could be suffering.
Any ranking worth its weight needs to look at both – performance and health. Like all rankings, there is subjectivity. However, many criteria are far more accurate than previous rankings and so are our data sources. We went straight to employees and clients. In many cases, we collected public data. We also shared our criteria.