Assignment
What are some of the factors that contributed to the emergence and growth of management consultancy?
1. Growth in size and complexity of business.
2. Difficulty in conducting and managing a business.
3. Greater competition among businesses so that new management techniques will have to be applied.
4. Recognition of the importance of accurate and timely information in decision-making.
5. Inability to have a complete line-up of professional management.
Why do small companies need the services of management consultants?
Management consultants can provide many different services to small companies. They can provide technical expertise to a company that might not otherwise employee it. They can take on special projects that nobody else has time to complete. They can provide strategic advice based on their years of experience in similar business situations. They can also serve as a coach to the owner, both advising on situations as they arise, as well as being another set of eyes watching over the business.
The issue isn't usually whether a small company can benefit from this professional expertise; most every small company would in some way or another. Rather, the issue is that the owner does not recognize their is a need for assistance or realize the economic value that this professional expertise would bring to the business.
What are the objectives of management of a business organization?
The overall goals, purpose and mission of a business that have been established by its management and communicated to its employees. The organizational objectives of a company typically focus on its long range intentions for operating and its overall business philosophy that can provide useful guidance for employees seeking to please their managers.
Distinguish between consultation and engagement.
Describe briefly the main types of consultant firms.
Management Firms
Management consulting firms help companies improve overall management. According to The
1. Growth in size and complexity of business.
2. Difficulty in conducting and managing a business.
3. Greater competition among businesses so that new management techniques will have to be applied.
4. Recognition of the importance of accurate and timely information in decision-making.
5. Inability to have a complete line-up of professional management.
Why do small companies need the services of management consultants?
Management consultants can provide many different services to small companies. They can provide technical expertise to a company that might not otherwise employee it. They can take on special projects that nobody else has time to complete. They can provide strategic advice based on their years of experience in similar business situations. They can also serve as a coach to the owner, both advising on situations as they arise, as well as being another set of eyes watching over the business.
The issue isn't usually whether a small company can benefit from this professional expertise; most every small company would in some way or another. Rather, the issue is that the owner does not recognize their is a need for assistance or realize the economic value that this professional expertise would bring to the business.
What are the objectives of management of a business organization?
The overall goals, purpose and mission of a business that have been established by its management and communicated to its employees. The organizational objectives of a company typically focus on its long range intentions for operating and its overall business philosophy that can provide useful guidance for employees seeking to please their managers.
Distinguish between consultation and engagement.
Describe briefly the main types of consultant firms.
Management Firms
Management consulting firms help companies improve overall management. According to The