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Management Consulting News

Vol. 5, No. 10
October 3, 2006




Welcome

Interview: Robert Galford and Regina Maruca

The Writing on the Wall, by Alan Weiss

Crucial Conversations: Working with Difficult Leaders

Coming Attractions

additional items


How to Create a Free Report That Actually Gets Read and Acted On
, by Mark Satterfield

Choosing the Right Entity for Your Start-Up, by Jeffrey R. Glassman

How to Gain New Clients—without the Cold Call, by Frank J. Rumbauskas, Jr.

Cross-tested Profit Sharing Plans: A Valuable Tool for Small to Mid-Size Firms, by Harry Veldkamp



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 Welcome

Michael McLaughlin

“What kind of an idiot do you think I am?”

The client executive’s tirade was so loud that I could hear the gory details from my seat in his outer office. The executive’s assistant glanced my way and shrugged as if to say this latest purple-faced temper tantrum was all in a day’s work.

Sadly, some people are just tough to work with. I’m still not sure who the villain was in the little drama I overheard, but I’m pretty sure someone in that room was a jerk. So how do you handle the outraged client? In the fifth installment of their Crucial Conversations series, Kerry Patterson and Eric Patten give us some pointers on how to talk with “difficult” people about anything without holding back your concerns.

Many clients struggle to find the answer to the question, “How can I improve the performance of my team?” This month, Alan Weiss asks whether teams are really a good thing, and whether all that effort to build a team is really worth it.

We’ve got something for everyone this month. We’re featuring articles on what form of legal entity makes sense for your consulting practice, building eminence in your market, and we continue Mark Satterfield’s marketing series with an article on using free reports to build relationships. Plus, if you’ve ever wondered how to establish a retirement program, financial adviser Harry Veldkamp has some solid advice for you.

This month’s MasterMind interview is with Rob Galford and Regina Maruca, authors of the new book, Your Leadership Legacy.

And we have new podcasts: We discuss how consultants can use e-newsletters with Michael Katz, a specialist in using email for marketing professional services; Stewart Emery, coauthor of Success Built to Last, shares his views and research on creating a life that matters.

Enjoy the issue. And send me an email if you have comments.

Mike McLaughlin
Editor, Management Consulting News

 Interview: Robert Galford & Regina Maruca

Robert Galford 

  Regina Maruca

 Your legacies are defined by others. But right now, without huge effort, you can gain enough perspective about yourself to see how those legacies are taking shape, and you can try to influence them for the better.

Can an individual’s legacy be designed, or is it decided by others? Rob Galford and Regina Maruca, authors of Your Leadership Legacy, (Rob is also the coauthor of The Trusted Leader with David Maister and Charles Green) suggest that you think about your legacy now, instead of waiting until someone hands you a gold watch.

This month we ask Galford and Maruca for advice on how to integrate legacy thinking into our daily lives, and why legacy thinking results in better leaders and higher personal satisfaction.

 The Writing on the Wall, by Alan Weiss

Alan WeissA Team Isn't Necessarily a Good Thing

There are teams and there are teams.

We've all heard about “family” teams and “stranger” teams, functional teams and cross-functional teams, permanent teams and ad hoc teams.

Teams are considered good things to have, which is why so many organizations are constantly attempting to “improve teamwork” without really pausing to wonder what that will achieve in terms of a business outcome. Greater teamwork, methinks, is not always what the client needs, even though the client may want it, like wanting world peace or relief from hunger.

Read the article

 Crucial Conversations: Difficult Leaders

Kerry Patterson 

  Eric Patten

by Kerry Patterson and Eric Patten

Have you ever had to face down a raging executive who was armed with an agenda—his nostrils flared and his ego inflamed? How did you do? Or how about this: the leader you’re working with eagerly supported the plan you jointly developed, but when the plan hit a bump in the road, she stepped away, leaving you to face the backlash and criticism alone. Or maybe you’ve been forced to partner with leaders who wear their power on their sleeves—using it to crush those who are resisting the change strategy when you’re trying to win them over.

These are the clients who keep you up at night. Their own direct reports describe them as “difficult” to work with. You can’t help but notice the pause as they come up with the euphemism “difficult.”

Fortunately, there are ways of successfully working with difficult leaders.

Read the article

 Coming Attractions

Andrew Sobel“When you are with a client, be totally in the moment with that client. Act as though you have no other clients and no other obligations that day.” - Andrew Sobel

Few words are thrown around more than value. It’s easy to experience a semi-sleep state when someone utters something about value propositions, delivering value, or shareholder value. So what does value really mean to clients, and how can we use that knowledge to strengthen our client relationships?

Next month, we’ll talk to Andrew Sobel, a thought leader in growing client relationships about his recent research into what makes clients stay with their service providers, and what makes them look for new ones.

Look for the next issue of Management Consulting News on November 7, 2006.

 

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