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Bain & Company: Business Analysis

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Introduction:
People always said that a good beginning is half done. What a good business idea to the business is what water to the fish. At the beginning of this project, I continually read newspaper and browsed some business forums every day. I collected interesting business ideas and wrote down on my daily dairy if I suddenly came up a creative idea. After several weeks, I am pleasant surprised that there are more than fifty business ideas on my dairy. However, a good business opportunity must consist of four essential qualities (Kelly, 2012): that is (1) attractive, (2) timely, (3) durable, and (4) anchored.
Research Problem:
Bain & Company is a global management consulting firm which has headquartered in Boston, Massachusetts .Bain in Australia first launched it’s services in Sydney in 1989 to provide Asia Pacific coverage for Bain 's worldwide clients. To categorize empirical data is an important process in qualitative research, through which the amount of data can be reduced for a subsequent appropriate analysis. Researcher find seven common factors that determine the dynamics of the consultant-client relationship (Skjolsvik, 2014). These factors are: Clarity of the goals, Interpersonal skills, Clarity of the problem, Need for trust, Contingency of the approach, Influence of power, Degree of interaction. Since entrepreneurs frequently lack knowledge about strategic management, external strategic advice provided by strategy consultants can support entrepreneurs in

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