Navigation Links
Internal Consulting Organizations Need to Show Value to Organizational Leadership
Date:8/27/2010

CHAPEL HILL, N.C., Aug. 27 /PRNewswire/ -- Many leading companies have developed and staffed an internal consulting organization for various reasons, but in times of economic adversity, as costs are scrutinized, the value of all functions within companies are being questioned. Although internal consulting organizations are typically created with a clear purpose, often these organizations grow and take on additional responsibilities supporting important executive issues in a rather amorphous manner, and thus lack the clear performance measures of other functions within companies.

Best Practices, LLC has conducted research to study and share the best practices that internal consulting groups can use to effectively measure performance and communicate the value of their function. The study "Best Practices for Valuing Internal Consulting Organizations" addresses key areas such as:

  • Effective value indicators
  • Methods for qualifying value
  • Project evaluation approaches
  • Evaluation frequency
  • Effective methods for communicating value
  • Communication frequency
  • Methods for aligning strategy with corporate goals
  • Key internal consulting skills
  • Success factors and best practices for measuring and communicating value

This research was undertaken to identify practices internal consulting groups can use effectively to measure their performance and to communicate their value to senior leadership. The research involved an online survey of 31 internal consulting leaders at 24 companies, as well as in-depth follow-up interviews with participants who demonstrated innovative methods for capturing or communicating group value.

Key metrics collected for this research include:

  • Internal Consulting Function Represented
  • Longevity of Internal Consulting Function and Respondents' Years of Experience
  • Funding Source for Internal Consulting Group
  • Initiatives of Internal Consulting Group in Last Two Years
  • FTEs Dedicated to Internal Consulting
  • Indicators Used to Determine Overall Value of Internal Consulting Group
  • Effectiveness of Value Indicators
  • Approaches for Evaluating Success of Internal Consulting Projects
  • Ranking of Approaches for Evaluating Success of Internal Consulting Projects
  • Methods for Communicating Value of Internal Consulting Services
  • Effectiveness Rating for Communication Methods

To learn more about this report, including information about the research participants, key findings and sample best practices, please download a complimentary excerpt and study overview at: http://www3.best-in-class.com/rr1019.htm.

ABOUT BEST PRACTICES, LLC

Best Practices, LLC serves 48 of the world's 50 top pharmaceutical companies.  For 17 years, we have conducted work based on the simple yet profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.  For more information about the company, go to www.best-in-class.com.


'/>"/>
SOURCE Best Practices, LLC
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Ethicon, Inc. Expands Hemostasis Product Portfolio with Approval of the Companys First Synthetic Internal Use Sealant
2. Internal Fixation Systems to Sponsor and Exhibit at Wallstreet Spring Break Growth and Value Investor Conference in Fort Lauderdale, FL March 3-4, 2010
3. CV Therapeutics Announces Archives of Internal Medicine Publication of Study Showing 20 Percent of Heart Attack Patients in Premier Registry Experienced Angina at One Year
4. American Board of Internal Medicine President Named to Alzheimers Study Group
5. West Physics Consulting Signs Exclusive Arrangement With Digirad Corporation
6. DOAR Provides Trial Consulting Services in Victory for 5,600 Women in Gender Discrimination Class Action Trial Against Pharmaceutical Giant
7. Specialized Verizon Business Security Consulting Services Help Identify, Protect Personal Health Data
8. Verizon Business Adds Riverbed Application Acceleration Technology, New Consulting Services to Boost Performance of Key Business Applications
9. VPCI Pioneers Virtual GMP Consulting for FDA Pharmaceutical Manufacturers
10. Vivakor Signs Business Development Agreement With Baker Consulting
11. Echo Therapeutics Announces Consulting Agreement with Hayden IR to Develop and Implement a Strategic Investor Relations Campaign
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... 27, 2016  VMS Rehab Systems, Inc. ( www.vmsrehabsystemsinc.com ... whatever measures required to build a strong and stable ... currently listed on the OTC Markets-pink current trading platform. ... CEO, "We are seeing an anomaly in market trading ... only by the Company, but shareholders and market players ...
(Date:6/24/2016)... , June 24, 2016  Consumers have ... and regulators/payers have placed more emphasis on patient ... patient support programs in the pharmaceutical industry have ... medications. Consequently, pharmaceutical companies are focusing on becoming ... are providing products and services that improve health. ...
(Date:6/24/2016)... , June 24, 2016  Global Blood ... biopharmaceutical company developing novel therapeutics for the treatment ... today announced the closing of its previously announced ... stock, at the public offering price of $18.75 ... offering were offered by GBT. GBT estimates net ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar Marathe ... from the David Geffen School of Medicine at UCLA. He trained in Internal Medicine ... his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits of moderation, whether ... latter, setting the bar too high can result in disappointment, perhaps even self-loathing. However, ... their goal. , Research from PsychTests.com reveals that behind the tendency ...
(Date:6/24/2016)... , ... June 24, 2016 , ... June 19, 2016 ... dangers associated with chronic pain and the benefits of holistic treatments, Serenity Recovery ... are suffering with Sickle Cell Disease. , Sickle Cell Disease (SCD) is a disorder ...
(Date:6/24/2016)... Fla. (PRWEB) , ... June 24, 2016 , ... Global ... Trend magazine’s 2016 Legal Elite. The attorneys chosen by their peers for this recognition ... Florida. , Seven Greenberg Traurig Shareholders received special honors as members of this year’s ...
(Date:6/24/2016)... ... 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ... raise to $12 an hour by 2020 and then adjusting it yearly to increase at ... the minimum wage, assure the wage floor does not erode again, and make future increases ...
Breaking Medicine News(10 mins):