management consulting
DESCRIPTION
Management ConsultingTRANSCRIPT
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