Background
Although it is a small business compared to its competitors, Bain & Company has managed to succeed in modern complicated economy. Bain & Company headquarters, which is an American global management consulting business, is based at Boston Massachusetts. One of the main services of Bain & Company is to offer advisory services to a good number of the global largest government agencies, non-profit organisation, and other global businesses. The Bain & Company started in the late 1973 by a group of individuals and employees from the Boston Consulting Group. The initial leaders of the organisation were the GCG VP bill Bain who increase its profit by over 35 % (Tim, 2009, p. 67).
Presently, Bain & Company have over 50 offices in over 32 countries in different regions. The company has also employed more than 6000 employees from various social and cultural backgrounds. Bain & Company is also considered as a prominent management-consulting firm with a strong brand name. However, to prosper in modern complicated and ever-changing economy, Bain and company is proposing to adopt an effective a plan that aims at increasing its productivity and effectiveness (Joe, 2006, p.41). The company is also planning to establish a strategy that will increase its floating capital. A reliable timeframe will also be useful in supporting the success of the organisation in modern society.
Research Question and Objectives
What are the most effective means and strategies of improving Bain & Company operation and management effectiveness?
Objectives
The proposal aims at improving the organisation profitability and quality of its services. The consulting project proposal will also be useful in searching for the resources essential in improving the organisation effectiveness.
Literature Review
As defined, consulting project proposal is a written plan that aims at improving the organisation’s profitability and effectiveness. In the cases under study, consulting project proposal will serve as the key step for complex and challenging sales process (Ferrantino, 2009, p. 37). In most instances, proposal puts the customers’ demands and requirement in a context that supports and favours sellers’ services and products. The proposal also helps in educating buyers’ on traders’ ability and capability of satisfying their needs and demands. The Bain & Company therefore aims at coming up with a proposal that will increase it sales and profitability. The proposal will not only help in improving the organisation profitability but will also increase its market position at local and international level.
The consulting project proposal will also help the Bain & Company in improving their performance at all levels (Bessant, & Rush 2012, p.93). The organisation will use the proposal in analysing the existing organisation challenges and problems. By understanding the organisation problems, the organisation management will be in a position of coming up with the most effective and reliable intervention measures to deal with the identified challenges (Reeds, 2002, p.67). The proposal will also play a critical role in gaining external advice and in accessing the organisation workforce ability. Although Bain & Company has been successful in modern economy, the organisation is witnessing endless challenges that require immediate and effective intervention measures. Despite reducing the organisation productivity and profitability, Bain & Company challenges and problems has undermined the market position at local and international levels (Christopher, 2006, p.32).
On the other hand, through intensive consultation and interaction with other organisation in international level, the Bain & Company has identified various best practice strategies that can be employed to address the identified management and operation challenges (Baugh, &Hamper, 1995, p.91). The transfer of the identified best practices from other organisation to Bain & Company organisation cultural practices requires a reliable and realistic consulting project proposal. Even though the transfer of best practices from one organisation to another is a complicated and a legally challenging undertaking, the proposal will serve a critical role in ensuring that the organisation attains its best practices (Holtz, 2008, p.32). The proposal will also be of essence in providing the organisational changes in their management and operation. The change in organisational management strategy will be of critical importance in improving the organisation market shares.
Research Method
The organisation will use mixed research design. I mixed research approach will ensure that the study captures diverse information by evaluating various variables (Bessant, and Rush, 2012, p. 36). The qualitative research method will be useful in the collection of data that will be used in proposing to the most effective intervention measures. Quantitative research method will also help in collecting reliable numerical data. Random sample will also be helpful in collecting the participants. Observation and use of questionnaires will also be useful in collecting the required data. In analysing the collected data, the organisation will use SPSS software.
Timescale
The Bain and company proposal will last for nine months. Every month will have specific undertaking that will be executed by prominent professionals.
Resources
Presently, Bain & Company has a substantial amount of resources to support most of its projects. However, to support this mega project, the organisation will acquire external resources from financial institutions in United States of America. The business profits will also be useful in supporting the organisation development project. Despite relying on the organisation income, the organisation will also use its floating capital in the project. The entire project will cost Bain & Company a total of $23 million. Among them, the organisation will acquire $ 18 million from its profits and floating capital. The organisation will get other financial resources from the United States financial institutions. In implementation of the proposal will use its work force as its main project human resources. However, to facilitate its effectiveness, the organisation will be compelled to hire external experts.
Reference List
Baugh, L. &Hamper, R., 1995, “Handbook for Writing Proposals”, New York, NY: McGraw–Hill
Bessant, J., and H. Rush 2012, “Building bridges for innovation: the role of consultants in technology transfer”, Research Policy 24, (1), 97-114
Christopher D., 2006, “The World's Newest Profession: Management Consulting in the Twentieth Century”, Cambridge: Cambridge University Press
Ferrantino, G., 2009, “The Benefits of TradeFacilitation - A Modelling Exercise” New York, NY: Book publishers
Holtz, H., 2008, “Proven Proposal Strategies to Win More Business” New York, NY: Dearborn Trade
Joe O., 2006, “Management Consultancy”, Oxford: Oxford University Press.
Reeds, K., 2002, “The Zen of Proposal Writing: An Expert's Stress-Free Path to Winning Proposals” London: Three Rivers Press
Riley, P., 2002, “The One Page Proposal: How to Get Your Business Pitch onto One Persuasive Page”, New York, NY: HarperCollins
Tim M., 2009, “Long-failed Bank of New England still pays dividends”, Boston Business Journal 2, (7) 31-37
