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David Fields - The Executive’s Guide to Consultants: How to Find, Hire and Get Great Results from Outside Experts

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David Fields The Executive’s Guide to Consultants: How to Find, Hire and Get Great Results from Outside Experts
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Maximize Your Return on Expertise Research shows a high proportion of consultants fail to deliver results on time, on budget, and on target. Rare is the project that exceeds your expectations. But help is here. The Executives Guide to Consultants explains how to ensure that every project delivers measurable benefits every time. This book will help you find experts, invest wisely, accelerate change, and achieve your most important goals by tapping into the genius of others. The Executives Guide to Consultants contains breakthrough ideas covered by no other book, including: Sophisticated new contract structures that maximize your ROI Essential methods for reducing project risk Cutting-edge techniques for making change stick after the consultant leaves You will also learn to: Spot chameleons and other low-quality consultants who peddle tired ideas and deliver disappointing outcomes Get better results faster, while lowering fees Find the ideal consultant, coach, agency, or advisor for your precise situation Enforce accountability with outside experts and your own internal team Imagine if you could collect the wisdom of dozens of the countrys top CEOs, combine it with the experience of a hall-of-fame consultant, and add a bucketful of unconventional thinking. Youd have The Executives Guide to Consultants. Easy to read and packed with examples, checklists, templates, and guidelines, this book is the ultimate toolkit for maximizing your ROI from outside experts. Get extraordinary results from every consultant you hire An extraordinary book. Clear, comprehensive, and eminently readable, it is THE book on how you can extract true business value from outside experts. -- Scott Cotherman, Chairman, TBWAWorldHealth, subsidiary of Omnicom Group, Inc. This is the Master Class for those who are smart, innovative, ahead of the pack, and who intend to stay that way. If youre not yet in that league, you should read this book twice. -- Alan Weiss, author, Million Dollar Consulting and The Consulting Bible A terrific guidebook, with much of the advice equally applicable in managing your organizations internal talent. Its an easy, engaging read with a wealth of insights and detailed action steps--I highly recommend it. -- Brian Walker, President and CEO, Herman Miller, Inc. A powerful antidote to the strained relationship between consultants and clients. -- Garry Ridge, CEO, WD-40 Company This book shows you how to make your consultants work stick. No more major investments in experts or programs that evaporate after only a few months or years. -- De Lyle Bloomquist, President, Tata Global Chemicals Fieldss messages are delivered in the way that all executives would like our outside resources to do it: capably, with straight talk and incredible insight. -- Ralph Scozzafava, Chairman and CEO, Furniture Brands

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THE
EXECUTIVES
GUIDE TO
CONSULTANTS

How to
FIND, HIRE, and GET
GREAT RESULTS
from OUTSIDE EXPERTS

DAVID A. FIELDS

Copyright 2013 by David A Fields All rights reserved Printed in the United - photo 1

Copyright 2013 by David A Fields All rights reserved Printed in the United - photo 2

Copyright 2013 by David A. Fields. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.

e-ISBN: 978-0-07-180193-5
e-MHID: 0-07-180193-6

All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps.

McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. To contact a representative please e-mail us at bulksales@mcgraw-hill.com.

TERMS OF USE

This is a copyrighted work and The McGraw-Hill Companies, Inc. (McGraw-Hill) and its licensors reserve all rights in and to the work. Use of this work is subject to these terms. Except as permitted under the Copyright Act of 1976 and the right to store and retrieve one copy of the work, you may not decompile, disassemble, reverse engineer, reproduce, modify, create derivative works based upon, transmit, distribute, disseminate, sell, publish or sublicense the work or any part of it without McGraw-Hills prior consent. You may use the work for your own noncommercial and personal use; any other use of the work is strictly prohibited. Your right to use the work may be terminated if you fail to comply with these terms.

THE WORK IS PROVIDED AS IS. McGRAW-HILL AND ITS LICENSORS MAKE NO GUARANTEES OR WARRANTIES AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF OR RESULTS TO BE OBTAINED FROM USING THE WORK, INCLUDING ANY INFORMATION THAT CAN BE ACCESSED THROUGH THE WORK VIA HYPERLINK OR OTHERWISE, AND EXPRESSLY DISCLAIM ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. McGraw-Hill and its licensors do not warrant or guarantee that the functions contained in the work will meet your requirements or that its operation will be uninterrupted or error free. Neither McGraw-Hill nor its licensors shall be liable to you or anyone else for any inaccuracy, error or omission, regardless of cause, in the work or for any damages resulting therefrom. McGraw-Hill has no responsibility for the content of any information accessed through the work. Under no circumstances shall McGraw-Hill and/or its licensors be liable for any indirect, incidental, special, punitive, consequential or similar damages that result from the use of or inability to use the work, even if any of them has been advised of the possibility of such damages. This limitation of liability shall apply to any claim or cause whatsoever whether such claim or cause arises in contract, tort or otherwise.

For my parents, whose counsel and guidance have
always been worth seeking. They are the epitome
of high-value, outside experts.

Contents

S ince I am an outside expert who, for nearly 30 years, has provided executive coaching for a living, this book by David Fields is highly interesting to me. It is an examination of the other side of consulting work: what organizations should seek from consulting work and how to hire the best external expert so that a win-win is achieved for the organization and the consultant.

Interestingly enough, Davids intention is to help executives get great results from outside experts like me and, as one of those outside experts, I find our outlook on how to work together is very similar. One thing that I would emphasize from this book is that when hiring an external consultant, do not describe the needs of the organization and then ask the consultant if he or she is qualified to handle this type of challenge. Rather, begin by asking the consultant to describe his or her area of specialty. For example, my own area of expertise involves helping successful leaders achieve positive, lasting change in leadership behavior.

My credentials are fairly well known. I was recently recognized as the Most Influential Leadership Thinker in the world at the Thinkers 50 Conference (sponsored by Harvard Business Review ), and I am one of a select few executive advisors who have been asked to work with more than 120 major CEOs and their management teams. I dont do strategic, functional, technical, how-to-give speeches, or how-to-get-organized coaching. There is nothing wrong with these; they are just not what I do, and I know that. What do your potential external consultants do? Do they know exactly what they do, and is it what you need?

Personally, I have had requests that border on the insane. A pharmaceutical company recently asked me to coach a potential head of R&D. When I asked about the major challenge faced by the person, I was told, He is not updated on medical technology! I replied, Neither am I!

I cannot help a bad scientist become a good one. If your organization needs help in marketing or finance, the consultant who is hired should be an expert in providing advice in that field. And, be careful from whom you ask advice, especially in areas of strategy. Far too many experts pretend to be knowledgeable about strategic coaching when their backgrounds show that they are not qualified to give advice on strategy. While I am not an expert on strategy, at least I know enough to know that I am not an expert!

In The Executives Guide to Consultants , David offers practical, proven lessons that, when applied, will meld clients and consultants into a single team, with unified objectives and a shared passion for winning. Practice what you learn here and youll reap outstanding results, spare yourself and your organization hours upon hours of misspent time and money, and find true success for yourself, your organization, and your team.

Life is good.

Marshall Goldsmith,
million-selling author of the
New York Times bestsellers, MOJO and
What Got You Here Wont Get You There

T his book would never have come to fruition without the generous support of dozens of individuals, all of whom have my deepest gratitude. My family, of course, has provided stalwart support throughout the project. Robin Epstein, my partner, bolstered my resolve countless times over the years to publish a book. My siblings, Ruth and Derek, and my parents believed in my talent as an author even when the words werent flowing and the concepts were maddeningly out of reach. My sons, Mitchel and Jeremy, provided ongoing inspiration even if they didnt know it.

I have the good fortune to be part of a community of elite consultants who have provided insights and support in many forms over the course of this project. Alan Weiss, the architect of the community and one of the most brilliant consultants I have ever met, deserves credit for attracting the best of the best. Many of his ideas served as a springboard for the thinking in these pages and are sprinkled throughout the book. Alex Goldfayn, Roberta Matuson, and Donna Brighton all are members of that community and deserve special mention for their help. Outstanding consultants outside of Alans community also helped, including Michael Clingan, Bob Endres, Jeff Hill, John Lindeman, and Jamie Barrickman, without whom I never would have learned critical lessons about consulting.

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