management consulting

Management Consulting

What is “Consulting”?

is a service provided by professionals

/consulting firms to their clients, to help

management at these companies solve complex

issues that affect their business.

Practice

• Analysis of existing business (“today’s world”)

• Plans for improvement (“future”)

Performance in:

• Structure – who’s the boss?

• Efficiency – how long should someone work?

• Profits – how much can you save/earn?

Services

Change management

Development of coaching skills

Technology implementation

Strategy development

Operational improvement

Categories of Management Consulting Issues

Strategy Consulting or Business Strategy Consulting

Operational Consulting

Marketing Consulting

Financial Consulting and Management Controls

Human Resource Consulting

Technology Consulting

Environmental Management Consulting

Quality Management Consulting

Outsourcing Consulting

Consideration Involved in Engaging Consultants

.Advantages:

• Easy to hire and fire

• New Skills

• Stick to your core business

• Economic

• More Productive

• Cost Avoidance

Disadvantages

• Higher cost

• Limited control over the consultants

• No knowledge of in-house procedure