Management consultants are involved in providing objective advice, expertise and specialist skills with the aim of creating value, maximising growth or improving the business performance of their clients.
They are primarily concerned with the strategy, structure, management and operations of an organisation. Consultants can assist by identifying options with recommendations, providing additional resources and/or the implementation of solutions.
Consultants operate across a wide variety of services such as business strategy, marketing, financial and management controls, human resources, information technology, e-business and operations, and supply-chain management.
As with the type of work, the range of consultancy firms also varies from the larger firms that offer end-to-end solutions to smaller or niche firms that offer specialist expertise, skills and industry knowledge.
The day-to-day activities of management consultants are often complex and varied. Consultancy is essentially entrepreneurial in nature and project-based. Projects can vary in length depending on the type of consultancy, firm and the demands of the client. They can involve an individual or a large team. They can be based at one site or across several international borders.
Typical tasks, particularly for new graduate recruits, involve:
In addition to the above, tasks for more experienced and senior consultants involve:
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