Management Analysis : Management Consultancy

A practical and technical change in processes of this magnitude warrants an external consultant who can implement and resolve the potential drawbacks from this division wide change. The experience based knowledge of a consultant to usher in this type

Consulting is currently not well defined; however, it may refer to as giving advice to companies provided by trained professionals who help managers solve operational and strategic problems through the use of their knowledge and systematic analysis of facts and

In fact, the SPA program has given the organization a competitive edge in the local market. For example, the organization’s accountability has increased clients’ satisfaction and enrollment. Under these circumstances, to hold consultants accountable, leadership ensures that consultants are equipped with the necessary training and skills for new projects. Without a doubt, there is a sense of achievement and enjoyment expressed by the consultants when they understand that their accountability influences the company’s

The management consulting industry first gained popularity in the 1930s with the demand for advice on finance, strategy, and organizational design because of various government interventions. After World War 2, the development of globalization contributed to the boom in consulting industry.(O’Mahoney, 2010) Also, the increasing demand for strategy and information technology

1. How is the effective of team selling demonstrated by the Reynolds team, and what are some of the disadvantages to this method in this particular case?

Management consulting is helping other organizations make best possible decisions to maximize their profits, not necessarily generating more revenue. The field of this job has been growing in the past two decades. The focuses of management consultants have been changing over the time. However, even people in the field don’t know the historical back ground of the management consulting firms and how the industry has changed in the past. This article covers these following three things: (1) a brief history of management consulting, (2) characteristics of management consultants in the past, (3) characteristics of management consultants now.

In qualifying the authors Peters and Waterman both were consultants for McKinsey, a management consulting firm that advises on businesses, governments and institutions. The firm brought in about 7.8 billion dollars in revenue and has about 17,000 employees

Consulting firms can trace their lineage back to the late 1800s. Over the years, their benefits have grown tremendously. Today, the consulting market is a fast growing one and more businesses than ever before are looking towards outside help.

In support of KPMG’s need to develop expansion of services it is important for the firm to identify and develop countries, regions and cities as prospective locations for relocating or establishing new operations. The firm also has efficient and adequate workforce who are highly talented and thus their knowledge can be applied in support of expansion decisions (Boston College Center for Corporate Citizenship, 2012).

for their expertise and knowledge. Consultants also need to possess good personal skills so as to be

Ethics among consulting professionals has received increasing amounts of attention. Ethics can be described as norms and standards being adopted to guide individual decision-making from the perspective of morality which lead to various individual actions and behaviors (Harrison, 1982). Professional ethics are being standardized and regulated by formulating code of conducts in consulting firms to make consultants aware of it. However, as the typical representative of professionals, because of the pressure from their own firms and their mediator role between firm and client, consultants are often stuck in uncertain, sensitive and ambiguous dilemmas (Redekop & Heath, 2007, p47). This makes the consultants suffered more from severe criticism regarding their ethics, especially ethics about their expertise. Consultants are often described by media and academic disclosure as ‘charlatans’ (Abrahamson, 1996) and ‘expert without expertise’ (Bouwmeester & Stiekeman, 2015).

The issue that small analytics consultants face today is that they are overshadowed by large consulting organizations. Small consultants include both individual consultants and small boutique consultants. These small consultants have to fight a stiff battle for every single project. Even if they win one, their margins are eaten up by their overboard sales efforts to grab one assignment. Hence, smaller consultants remain low on cash. The new crowdsouring model brings them a sigh of relief. Today, they don’t have to bid for projects; they are up on the web. The consultant wins money not because of the size of his organization but solely on his competency. Second way these consultants earn bucks is by joining network of lead analysts as mentioned previously in the article.

Management by Objectives, MBO, is a management process where managers and employees decide together what goals the employee should work to achieve. The goals set for the employee are agreed upon by both the employee and the manager. The employee is evaluated based on these goals and may be given a raise or a promotion if they have achieved the set goals within some set period of time. This management process was first introduced by Peter Drucker in his 1954 book “The Practice of Management” with the intention to provide a way to empower employees. (Drucker)

The market structure has some bearing on this performance; otherwise the competition will not exist. Demand, supply, substitution, market price, the effects of government policies, and political platforms can affect the firm’s economic performance, and managing consultant needs to learn about how response to these conditions in different markets.

The profile of the professionals is discussed in accordance with their tier level. Generally, there are three tiers in the organisation. Management consultants, including principal consultant, are in their forties and fifties, three out of four of them are males. They are highly qualified in terms of education as minimum standard is a specialized master’s degree in relevant field. However, all are either dual degree holders, M.Phil. /Ph.D. apart from professional qualifications at both national and international level. They possess relevant experience of at least more than twenty years and thus has very high income and fall in upper class.