What is Management Consulting?
While there are many types of consultants, Management Consultants are probably the most numerous in terms of sheer numbers. Generic descriptions of what Management Consultants do vary a great deal. Some people view them as strategy/policy/procedure gurus or problem solvers. Others see them as professional listeners. Together, these all boil down to one significant activity: helping organizations achieve results by providing expertise and guidance.
Management Consulting is an industry term that refers to a more general practice called “consulting.” When we use the term Management Consulting, we are referring to a specific activity—one which is performed primarily by specialized consultancies who (generally) work with corporate clients. We work in teams comprised of brilliant and analytical people, and clients come to us with complex business problems and need help solving them. By studying their situation, we can give them ideas for making money faster and saving money more efficiently.
How Does Management Consulting Work?
Management Consulting projects have become more popular as more and more companies seek expertise outside their current organization. Our Management Consulting experts are all business leaders with hands-on experience in areas including, but not limited to, strategy development, large-scale change management, and operations management. We work with clients around the globe, and our international reach allows you to experience different ideas first-hand and form connections you may not have had the potential to before.
We understand that, at first, consulting may seem unnecessary to you or your business because you’ll be receiving advice from someone outside of your company. However, management consulting firms like NPEC have a unique value proposition to offer potential clients. The primary benefit of any such consultation is that the consultant will bring a new, independent perspective and judgment to bear on the company’s challenges. In addition, the consultant brings access to networks of contacts that might be difficult or time-consuming for an in-house staff member to establish on their own. This can provide a company with a ready pool of resources they may not have been able to develop internally, either because the expertise required was not in-house or perhaps did not exist in a particular geographic area.
Each Consultation is Unique!
Management Consulting firms like NPEC are often hired to solve complex problems or find creative ways of approaching an issue or opportunity in a way that makes sense. The problems that consultants most often solve are unique and require innovative solutions. Our consultants have experience thinking out of the box to find potential solutions for you and your business. The Management Consultant will conduct research and analyze information from several different sources to do this effectively. Due to Management Consultants having no vested interest in the maintenance or growth of a company. They are often brought in as independent auditors to audit a firm’s decision-making process. Management Consulting firms are hired to help companies make strategic decisions. In other words, we help clients identify opportunities and mitigate threats before they become significant.
Finally, management consulting firms have a highly professional, consultative approach. Rather than simply delivering a product, they partner with clients to solve complex problems using proven methodologies. A management consultant might use processes from other industries to help a car manufacturer increase profits via better distribution methods. This analysis might result in an optimal distribution solution for the manufacturer and give the consultant insight into how the industry works that enables it to develop other potential solutions for other manufacturers or products. For more information about how management consulting can benefit your business, NPEC is happy to help! Contact us below!