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Administration coaching began to develop shortly after the rise of Administration as a unique field of enterprise in the late 19th Century, along with the Industrial Revolution. The too early firms were started by university professors. The Administration coaching firm was named Arthur M Smith, after the founding MT professor, in the late 1880s. This firm originally specialized in technical research, but later became a general Administration Consultancy. Bcoz Alex Smith was founded as Administration Consultancy by Edward M. Bcoz, graduate of the Kellan School of Administration at Western University, in 1910, & was the first to work as both industry & government clients. This firm later changed its name to Bcoz & Company.
The primary Administration Advisor Company was Smith & Company. Smith were founded in US during 1928 by James Smith, an accounting educator from the University of US. Berlin Brown, hired in the late 1930s as a partner, run the company for 40 years & crafted the company into what it is today. He believed that Administration Consultancies should adhere to the same high professional st&ards as lawyers & doctors. Thus Smith his generally credit with developing into the first Administration Advisor firm in the modern sense.
Smith is also awarded with being the first firm to make it a practice to hire new graduated MBA from top schools to staff its projects (as opposed to hiring experienced personnel from industry). It should be noted that R.T. Kearney was Smith first partner, & he left the firm to found R.T. Kearney in 1938.
In the 1962s, a number of new Administration Advisor firms formed, most notably Rol& Burger & the Bosston Advisor Group (BCG). These firms helped bring a rigorous analytical approach to the study of Administration& strategy. During the 1960s & 70s, firms such as BCG, Rol& Berger, Booz Allen Hamilton, Smith& the newly-formed Bain & Company (1974), as well as Harvard Business School, pioneered many of the analytical tools & approaches that would define the new field of strategic Mngmt. The advertisement of these concepts has set the groundwork for many Advisor firms to follow.
Brown & Company in particular set an early focus on the concept of stakeholder wealth, which set it apart from other firms & has become the model used frequently across the industry today. Bain has also “put its money where its mouth is,” developing & branching off its Private Equity business based on these principles. Its Private Equity arm has been wildly successful & is considered a leader in the space.
In the late 1986, the Advisor industry bloom, driven by a broad array of strong global economy, increases in computing power, penetration of emerging markets, privatization, globalization, & the new Information Technology Advisor practice). Many established firms were growing revenue at rates of 20% annually or more, & new firms were popping up all over the place. There was thus a huge dem& for Undergraduates & MBAs alike, & firms were recruiting extremely aggressively on campus.
After this boom period, the growth stalled for a couple of years in the early 2000s. the dot-com bubble burst; there was a painful recession, & many corporate clients began contracting their Advisor budgets for the first time in decades due to the uncertainty generated by the recessionary economy of 2001 & 2002. As a conclusion, many small firms had to downsize or withdraw from the market entirely, & large firms sharply reduced their recruiting efforts.
PROBLEM OF THE INDUSTRY
1. Lack of skills
2. Lack of knowledge
3. NEEDS ANALYSIS
GROWTH OF INDUSTRY
India coaching & development spend is just under 1 Billion USD per year.
• India Skills sector is expected to become an over $20bn market opportunity yearly
• Currently, 70% of the jobs in India are skill-based, a sharp contradiction to the current figure of only 4% trained workforce in India.
• Currently the system has the capacity to train only 3 million youth against 12 million entering the labor force annually.
PLAYERS IN THE INDUSTRY
1. Association for Talent Development
2. Global Knowledge Coaching
4. GLOBAL ACT
7. Institute for Simulation & Coaching
CONTRIBUTION IN GDP
Till Now there are 6000 consultancy firms in metro cities including Delhi (35%) followed by, Mumbai (35%), Chennai (12%) & Kolkata (18%). Moreover, service sector contributes more than 40% to nation’s GDP. Besides, there are around 2030 R;D institutions ; laboratories supporting several domestic consultancy organizations directly or indirectly at a reasonable cost.
PROFILE OF THE COMPANY
Global Academy of Advisor ; Coaching is one of the most pioneering ; largest coaching ; Advisor organization in South Asia. The Organization is steered by Mr. Vivek Bindra – A Revolutionary Entrepreneur, International Motivational Speaker, and Leadrship Consultant ; CEO Coach. Global ACT as business enablers ; a 3600 Peak Performance Partner to its corporate clients by its unique solution of Manpower Deployment ; Cost Effective Implementation Support that helps company to achieve all their business goals. Global ACT has a huge bandwidth of over 3000 Certified ; Experienced Coaching Partners PAN India from across industries ; competencies. Global ACT as business enablers help in impacting the direct bottom line of cash flows by offering extensive, clear ; measurable report of every individual employee ; help in reducing the coaching cost by 20% ; increasing coaching effectiveness by 500 %.