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Greetings!
I am Enuma Onyeukwu and the IMC NCR
Executive team has brought me onboard as the new
newsletter Editor-In-Chief. There are many plans in
work for the upcoming 2006 year and I look
forward to working together with the National Capital
Region management consultants in IMC. Happy
Holidays to everyone!
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IMC NCR will be hosting a December holiday event
for its members. Guests are welcome!
Place:Somerset House -The Club
House in Chevy Chase, MD (Friendshp Heights Metro)
Date:Thursday, December 8, 2004
Time:6:00 -9:00 pm
Attire: Business
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| Professional Development |
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November's monthly chapter dinner program
meeting featured Dr. David Gage speaking on
successful
business partnerships. Dr. Gage teaches one of the
few courses in the country on the critical business
and interpersonal issues that partners (family and
non-family alike) need to discuss, negotiate and
agree upon if they want to improve their chances of
success. He also wrote the book, The Partnership
Charter: How To Start Out Right with Your New
Business Partnership (Or Fix the One You're In).
The book has received extensive media attention
with
interviews on CNN-FN, Bloomberg Business TV, ABC,
over 100 newspapers and radio stations nationwide.
David Gage is a clinical psychologist, adjunct
professor at American University's Kogod School of
Business, and co-founder of BMC Associates, a
multidisciplinary firm specializing in business- and
estate-related conflict prevention and resolution. In
addition to his book, he has written numerous articles
on mediation, business partners, family business, and
collaborative family estate planning.
Launching a Management Consulting Practice:
Some Critical Factors
The IMC NCM Chapter recently conducted a one-day
workshop to assist members and entrepreneurs
address the issues involved with starting a career in
management consulting. The interactive workshop
was held on October 29,2005 at Teqcorner in
McLean, Virginia. The seminar provided the attendees
with a planning checklist, information references, self-
assessment tools and personal experiences from the
instructors regarding issues that should be
considered to ensure becoming a success as a
management consultant as either a sole practitioner,
entrepreneur or member of an established consulting
company.
The interactive format allowed attendees to discuss
and get answers to specific issues regarding how to
prepare for professional success, skills they need to
master and how to make the transition from their
current employment status to the management
consulting profession.
The IMC NCR has presented this introductory
consulting course annually since 2003. It is one of
several workshops on professional development
sponsored by the chapter for IMC members and non-
members interested in earning fees from what they
know and problems they can solve for private
companies, government agencies and non-profit
organizations.
The two instructors, John Stawhorn CMC and Melvin
York CMC/PMP, had over 50 years of experience as
consultants between them and both are currently
earning their livings as practicing management
consultants.
Ms Wai Ling Pong, IMC NCR VP for Professional
Development, welcomes all IMC members who are
interested in participating in development programs in
the capacity of planning, designing, and organizing
professional development events to contact her to
discuss areas where members would like to assist in
future programs. She can be reached by email at wai-
ling-pong@focus.us
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| News & Events |
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IMC NCR New Members
Thirty-two new members joined IMC in 2005. They
were a mix of student, professional and
Certified Management Consultants. We welcome all of
you and look forward to your active participation in
IMC USA events.
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| Marketing |
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Consultants Internetworking: Virtual Teaming
Strategy and Implementation by Charles O.
Odeyale, PhD, REM. Dr. Odeyale is part of
Sustainability Engineering & Research, Inc., based in
Pasadena, MD 21123. He can be reached at
co@sustainabilitynet.org.
In comparison with large consulting firms, the
independent consultant typically operates in isolation
without the necessary network of contacts and
information providers normally accessible to big firms.
Furthermore, by virtue of their light management
structure, independent consultants often lack
fundamental skills in key aspects of management that
are required for maintaining and growing a successful
business. Thanks to the IMC-USA NCR’s professional
attractants and foci of Get Smart, Get Known, Get
Business, and provision of monthly program, and a
platform for the exchange of information. This paper
is directed at the Get Business aspect of the
Institute’s effort, and an attempt to bring together
and share expertise and experience to give
participants the capabilities and competitive
advantages of global enterprises. That is, we are
herein inserting Get Organized between Get Known
and Get Business to get business. It is time to get
organized because the alternative is no longer a
viable option for independent consultancy industry
renewal and prosperity. Consultants Internetworking
(CI) formed and implemented systematically and with
due diligence has the ability to provide practical
organizational logic and strategy to an industry that
is more than ready for it. It is hoped that this will
assist the membership in organizing themselves to
deliver value for their customers while delivering
profitability and growth for themselves. This paper
describes a strategy for consultants who may be
interested in joining and/or organizing virtual teams.
What is Consultant Internetworking?
In traditional consultancy, which is usually project-
based, it is acceptable to address single issues in
isolation. This is both impractical and unwise for an
enterprise wishing to develop and/or grow. For
example, to undertake marketing Business Advice for
an enterprise without providing hands-on help in such
matters as finance, personnel and production, etc
will likely cause imbalance and hinder rather than
expedite improvement (development and/or growth).
Nowadays, no one individual can have at his/her
fingertips, to the extent required for been highly
competitive globally, all the skills that may be
required from time to time in the holistic consulting
profession. Thus, the need for fostering that has the
capability to quickly assign virtual teams (VTs) with
the capacity to service profitable large projects.
Wait-a-minute: Did I just read that something (VT)
originating or developing from something else (CI)?
That’s correct. So, that makes CI-VT a non-R&D and
unique form of Matrix Management. Taking us back
two decades, the matrix model of organization and
management is a network of interfaces between
teams (in this case independent consultants) and the
functional elements (VT core group) of a CI. It is a
cross-service group action.
The purpose of CI and virtual teaming includes 1)
providing independent consultants with the
opportunity to obtain personnel with the skills they
themselves may lack in order to compete for and/or
complete a particular assignment; 2) grouping
together to undertake larger assignments and in
certain instances grouping together to form larger
practices. The VT in a group will be drawing on the
resources of participant-consultants, having each
work on their respective area(s) of competence to
collaboratively address projects that would have
been too big or complicated for individual consultant
or company. Virtual teaming enables CI to provide
customers a broader base of consultancy practice. A
unique competitive differentiation factor called
Network Leverage is expected when the virtual team
is comprised of professionals of like minds such as
IMC and/or associated organization members.
What is Network Leverage? Participant-
consultants access the strengths of all the team
members by cross promoting, cross resourcing and
cross supporting each other. They combine into
macro-project teams to offer the “Total Consultancy
Package” on a holistic basis to clients. The model is
extended to expand the resources base of the
project team by inter-organization collaborative
arrangement with external specialist consultants
thereby assembling powerful high competency team.
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| President's Corner by Mallory Starr, CMC |
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Welcome to the new IMC NCR ezine. I hope you
enjoy it and avail yourself of the many resources and
networking possibilities available to you with
membership. I shall be updating you on the latest
initiatives within our National Capital Region in
upcoming months through this featured section. You
can contact me at president@imcdc.org.
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| Chief Editor's Choice |
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There are several websites available for
those with an interest in Earned Value Management-
this month's featured topic.
Access the following links for further information:
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| Join IMC- Develop Your Skills |
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IMC USA Mission: To promote excellence and
ethics in management consulting through
certification, education and professional resources.
IMC NCR Objective: Help our members Get
Smart, Get Known, and Get Business
Join IMC: If you're satisfied that IMC is the
right professional organization to help you "Get
Smart, Get Known, and Get Business," then join IMC online.
You will become a member of IMC USA and
may affiliate with any US chapter at no additional
charge.
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SMARTER ENTERPRISE MANAGEMENT by Jim Kendrick, CMC |
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Earned Value Management Systems (EVMS)
is a hot topic in Washington both in terms of
SOX and OMB. SOX is the Sarbanes-Oxley Act of
2002, which holds CEOs and CFOs of publicly traded
companies criminally liable for financial
misrepresentation (fraud) to shareholders. In the
public sector, the Office of Management and Budget
is requiring major capital investment projects to
provide accurate EVMS disclosure and to go a step
further--by achieving good financial results.
Find out more....
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