Role of Consultancy

Only available on StudyMode
  • Download(s) : 227
  • Published : May 26, 2013
Open Document
Text Preview
INTRODUCTION
A consulting firm is a business that offers specialized expertise to its clients, which may be businesses or individuals. Different firms offer different types of advice, and although there are many types of firms, some of the most popular focus on information technology (IT) and management. Other types consult about include environmental issues and human resources. Each business consulting firm operates in a different manner. Firms may offer consultants who concentrate on a specific project or those who help train and implement changes to a staff to accomplish specific goals. Project-oriented firms typically specialize in a single business function, such as supply chain or customer relationship management (CRM). These firms analyze their clients’ needs and manage development, implementation and training until it is completed. A firm that concentrates on staff augmentation begins its service after a client’s business has been analyzed and projects have been outlined and budgeted. Staff augmentation firms offer very specific resources, methodologies and training, and their job is also complete upon implementation. In some cases, a business may need to hire multiple consultants for different areas which need improvement. For example, a large company may contact a management consultant to help it increase production. After a company analysis, the individual might recommend implementing new computer hardware and software. If the business does not have the knowledge or capability to implement the new technology, it hires an IT consultant to complete the project.

Consultancy organisations render expert advise on a variety of matters.There are engineering consultancy organisations which specialise in rendering advice on engineering details.In the non-engineering fields too,consultancy organisations are numerous.There are professionals like Chartered Accountants, Cost and work accountants,Company secretaries ,Management experts, Doctors etc, who render...
tracking img