What do you do?
Management Consultancy can be broken down into four categories:
- Operational Consulting
- Strategy Consulting
- Implementation Consulting
- Technology Consulting
Operational Consulting: Involves the assessment of a business to assess its current procedures, processes and strategies, with the view to enhancing the operation of a department or an entire organisation.
A consultant will begin the evaluation by examining the process/workflow of the business with the help of those who are involved. The goal is to understand how each component of the business currently impacts the process
Once the consultant has a firm grasp on how things are done currently, as well as the reasons behind those procedures and organisational structures, the client and the consultant can work together to enhance the operational functions.
Strategy Consulting: Assist companies in finding answers to difficulties regarding the future business. This may involve assessing the current consumer market to determine if it is the to move forward with projects such as mergers, acquisitions, restructuring, launching a new product line, outsourcing, or whatever the strategic move may be. The consultant analyses the possible outcomes of the strategy assuming it were implemented within a current set of circumstances.
Implementation Consulting: This is the next step to operational and strategy consulting, where the consultant helps the client implement the suggestions put forward. For example, if the work carried out in the operational consulting and strategy consulting find that a company needs a customer service centre. Then the consultant will help the client implement this solution.
Technology Consulting: Technology consulting involves providing advice about implementing certain software or hardware into a business that will increase the efficiency of processes while cutting costs. For example, a company may implement a recruitment software system that filters applications based on their requirements. As a result, this saves the company time and money using labour to do such work.
As you can see the types of consultancy crossover, and one type of consultancy can easily flow into another during a project.
Why use a management consultant?
There are several reasons why clients use management consultants:
- Objectivity: Consultants offer a fresh pair of eyes that are free of any personal interest, pre-conceptions, loyalties or company politics.
- Broad Experience: Consultants frequently work with many different clients in many different industries where they are exposed to a variety of business problems. Consultants’ can often provide advice they have gained from one industry to a new industry.
- Proven Tools and Techniques: Consultants are trained in a range of industry proven tools and techniques to analyse your problems and help you develop workable solutions.
- Dedicated Attention: A consultant can work on your problem full time leaving you to concentrate on your daily duties.
If you have any further questions about management consultancy or you want any advice about becoming a management consultant, you can leave a comment below and I’ll gladly help you.