Managed Services vs Professional Services: Explained

Managed Services vs Professional Services: Explained

Managed services rely on third-party management of daily operations, services include IT support, cloud solutions, and cybersecurity; while professional services address a range of task and initiative needs. For both, profitability is an important concern, but requires different strategies. Managed services offer ongoing management on an annual or multi-year contract basis, while professional services are typically project-based. Professional services aim to optimize utilization of resources while ensuring engineers correctly align solutions. A helpful checklist for finding the right professional services solution is provided for organizations.

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Framework for Challenge-Driven Ideation

Challenge-driven ideation is a top-down approach that empowers teams inside and outside of organizations to tap into diverse perspectives, generating ideas faster, more cost-effectively, and with less risk. It involves two directions: seeking ideas internally and externally through innovation management software that supports challenges as top-down initiatives and placing crowdsourcing campaigns on websites.

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Using the Three Horizons Framework for Innovation

The Three Horizon Methodology connects present innovation with future possibilities, identifying disruptions and offering a way to manage uncertainty through ongoing dialogue.

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Leaders Should Listen More and Talk Less

Leaders should listen more and talk less to improve their leadership skills.

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