Management Consulting

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Management Consulting

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Management Consulting

  1. 1. Management Consulting
  2. 2. 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.
  3. 3. 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?
  4. 4. Services Change management Development of coaching skills Technology implementation Strategy development Operational improvement
  5. 5. 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
  6. 6. Consideration Involved in Engaging Consultants .Advantages: • Easy to hire and fire • New Skills • Stick to your core business • Economic • More Productive • Cost Avoidance
  7. 7. Disadvantages • Higher cost • Limited control over the consultants • No knowledge of in-house procedure

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