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Types of Business Consultants: What they do and why you might need one

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John B. Wilson discusses types of business consultants and what they do and why you might need one in this in-depth presentational blog. For more information, please visit JohnBWilson.org!

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Types of Business Consultants: What they do and why you might need one

  1. 1. John B. Wilson TYPES OF BUSINESS CONSULTANTS: WHAT THEY DO AND WHY YOU MIGHT NEED ONE Prepared by JohnBWilson.net
  2. 2. Introduction Business consultants almost never use the word “problem”. Instead, they talk about opportunities to enhance value. Ask any consultant what they do, and they’ll likely say “I’m in the solutions business.” Despite criticism that’s sometimes leveled at business consultants, they truly can add value to your middle market company, but you need to know when and why to use them. There is a huge range of business issues that consultants can provide solutions for, and different types of consultants bring different ideas to the table. Consultants come in many forms. Most businesses are familiar with the “big four” adult firms: PricewaterhouseCoopers, Deloitte, Ernst & Young, and KPMG. These big-name firms are most likely out of a mid-market business’s price range, which will lead mid- sized companies to work with smaller boutique firms and even individual experts to hire. J O H N B W I L S O N . N E T
  3. 3. J O H N B W I L S O N . N E T Qualified consultants should have a deep understanding of your particular market and bring the best practices from your industry (or even other industries) to your company. If you’re looking to expand your markets geographically extend your product portfolio, reorganize your middle market company to promote efficiency and cost effectiveness, buy out a smaller competitor, or increase your overall capabilities, then hiring an experiences management/ strategy consultant can make perfect sense. Management and strategy
  4. 4. J O H N B W I L S O N . N E T Operations What to improve the quality and efficiency of your production processes? An operations consultant such as Accenture can help you create and implement a new way of doing just that. Some consultants specialize in business process re-engineering, meaning that they come in and map out your existing processes, analyze opportunities for reducing the number of steps in that process while maintaining quality, and re-engineering your processes in a way that reduces steps and costs. Other consultants are experts in quality control systems and can help you make changes that will reduce defects.
  5. 5. IT This is a fast-growing area for consulting, as the demands of new technology are impacting middle market companies every day. Whether you need to develop a new system or integrate your old systems so that they work together, an IT consultant can help.
  6. 6. J O H N B W I L S O N . N E T HR Need to improve your overall satisfaction of your employees, recruit top talent, and retain your top performers? HR consultants such as Hay Group socialize in developing compensation strategies that align with your overall business goals, training, and developing your people in areas such as business communication and leadership. They can help you improve performance-related feedback and evaluation to your team, making your employees work smarter.
  7. 7. Thank You! For more information Please visit JohnBWilson.net

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