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    Pay Zone consultants primarily resort to the design solution options stage of the typical consulting framework given by Freedman for high bandwidth brainstorming. This involves analyzing needs, setting objectives, performing ideation to generate several strategic ideas, and filtering ideas for feasibility and selecting solutions. Given Pay Zone's successful virtual business model and expertise, expanding the partnership by increasing consulting capacity through adding new partners is recommended to promote scalability while continuing as a virtual organization.

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    Presentation 4

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    AD R
    95 views16 pages
    Pay Zone consultants primarily resort to the design solution options stage of the typical consulting framework given by Freedman for high bandwidth brainstorming. This involves analyzing needs, setting objectives, performing ideation to generate several strategic ideas, and filtering ideas for feasibility and selecting solutions. Given Pay Zone's successful virtual business model and expertise, expanding the partnership by increasing consulting capacity through adding new partners is recommended to promote scalability while continuing as a virtual organization.

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    Pay Zone consultants primarily resort to the design solution options stage of the typical consulting framework given by Freedman for high bandwidth brainstorming. This involves analyzing needs, setting objectives, performing ideation to generate several strategic ideas, and filtering ideas for feasibility and selecting solutions. Given Pay Zone's successful virtual business model and expertise, expanding the partnership by increasing consulting capacity through adding new partners is recommended to promote scalability while continuing as a virtual organization.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    95 views16 pages

    Presentation 4

    Uploaded by

    AD R
    Pay Zone consultants primarily resort to the design solution options stage of the typical consulting framework given by Freedman for high bandwidth brainstorming. This involves analyzing needs, setting objectives, performing ideation to generate several strategic ideas, and filtering ideas for feasibility and selecting solutions. Given Pay Zone's successful virtual business model and expertise, expanding the partnership by increasing consulting capacity through adding new partners is recommended to promote scalability while continuing as a virtual organization.

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    © All Rights Reserved
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    of 16

    PAYZONE CONSULTING

    A GLOBAL VIRTUAL ORGANIZATION


        What do we mean • High bandwidth brainstorming is process where
    by ‘high bandwidth leadership group of the company discuss about
    brainstorming’ and strategic issues such as company expansion,
    in which partnership, acquisition revenue growth and
    business model.
    stage/stages of the
    typical consulting • It is a focussed approach to generate several ideas
    which is further zeroed down to an acceptable
    framework given solution.
    by Freedman do
    • By expressing ideas in a group that has agreed to
    the Pay Zone defer judgment, ideas can be brought to light freely
    consultants resort and without internal censorship.
    to high bandwidth • Then the ideas generated can be reviewed for
    brainstorming? feasibility and appropriateness in a later phase of the
    decision making process.
    • Pay Zone consultant’s high bandwidth brainstorming
    primarily resort to Design Solution Options stage of
    the typical consulting framework given by Freedman.
    Under the • Analyze needs

    design • Set objectives 


    • Develop specifications
    solutions • Perform ideation
    options • Filter for feasibility
    following • Select the solution
    • Document the solution
    steps are
    followed:
    Pay zone •             Worked with only 10% of potential
    consultants clients- Ideas to expand the business.
    have identified •             Long term continuation of the
    company- ideas to have younger partners
    certain issues
    •             Chances of takeover from other big
    and companies- ideas to tackle competition
    brainstormed  o •             Virtual business model future-
    n different Ideas to business continuity.
    options to
    mitigate such
    problems
    What approach Pay Zone’s flexible business model and the
    do you suggest effective way it employed collaboration
    technologies, automation and the Internet
    to promote enabled everyone working for the company
    scalability of to pursue their own personal lifestyle
    objectives. This was a core value of Pay Zone.
    Pay Zone’s They offered what they described as “advanced
    consulting information management thinking” as a
    means of creating a competitive advantage
    business, while for their clients. It included services such as:
    continuing to • Information Management
    remain a • Process Design
    virtual • Software Solutions
    organization? 
    Circumstances • PayZone has only worked with 10% of their
    favouring potential clients.
    • No substantial direct competition
    scalability of • Impressive professional expertise.
    PayZone’s • Profitable venture with steady cash flow,  minimal
    consulting overheads and no debt.

    business: • Changing industry employment patterns


    Options available with PayZone to scale its
    operations:
    • Increasing their consulting capacity by expanding
    the partnership.
    • Expand its number of programmers and ramp up
    software development.
    • Employ consultants on a contract basis.
    Increasing Merits:

    their • Continue current lifestyle


    • Significant increase in income
    consulting • Fend off competition by reinforcing competitiveness

    capacity by • Expand software development and consulting


    services
    expanding • Increased capacity for new clients
    • Expand knowledge base
    the Demerits: 
    partnership. • Cultural & social integration
    • Lack of people with skills and relevant background.
    • Existing partner compensation issues
    • Partnership agreement decisions
    • Potential debt
    Merits:
    Expand its • Software products were a major source of
    number of income.
    • Increased associated consulting
    programmers opportunities.
    and ramp up Demerits:
    software • Difficult to identify new software
    development. products
    • Lack of time with principals
    • Possibility of competition from major
    software developer
    Employ Merits:

    consultants • No need for induct new partners.


    • No compensation and partnership
    on a agreement issues
    contract Demerits:
    • Lower stability for long term growth
    basis • Lower likelihood of a person with cultural
    fit
    • Increased salary burden
    What IT
    infrastructure
    (hardware,
    software)
    would you
    recommend to
    be provided to
    the consultants
    of Pay Zone to
    enhance
    scalability
    Options available for PayZone:
    Out of the • Scale the business
    various options
    • Sell software business
    being considered
    • Sell complete business
    by Dart for the
    future of Pay
    Zone Consulting,
    which one will
    you recommend
    and on what
    grounds?
    Scale the
    consulting
    business
    Sell
    software Merits:
    • Get maximum value from software assets
    business • Potential future competition and erosion of
    value
    • Potential to generate even more revenue
    from software by a big firm
    Demerits:
    • May not get the latent value lying with
    software product
    • A huge reduction in consulting assignments
    • Potential loss of reputation and long term
    associations.
    Sell
    complete Merits:
    • Most effective mechanism to extract
    business maximum value
    • Straightforward with no future complications
    • Future consultancy options open
      
    Demerits:
    • Less options for new consulting assignments
    • No stake in future profits of company
    • Relinquishing lifestyle

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