As business becomes more complex, companies continually face new challenges. Often they rely on management consultants to help them remain competitive. Management consultants analyze and propose ways to improve an organization’s structure, efficiency, or profits. A couple of examples:
• A large company that has recently acquired a new division may hire management consultants to help reorganize the corporate structure and eliminate duplicate or nonessential jobs.
• Another company may need help in positioning itself for a future sale or attracting investors.
Some consultants specialize in a specific industry, such as healthcare or telecommunications. Others specialize by business function, such as strategic planning, human resources, marketing, logistics, or information systems. Some projects require a team of consultants, each specializing in one area. In other projects, consultants work independently with the organization’s managers. In all cases, consultants collect, review, and analyze information in order to make recommendations to the company.
The growth of international business also has contributed to an increase in demand for management consultants. As companies become more global, consultants can help them form the right strategy for entering the market; advise on legal matters pertaining to specific countries; or help with organizational, administrative, and other issues, especially if the international company is involved in a partnership or merger with a local firm.
Why use a consultant?
- A lack of internal resources or expertise needed to handle a project.
- A need to determine the amount of resources required and the problems that may be encountered in the pursuit of a particular opportunity.
- A requirement for experience in management, human resources, information technology, or other specialties.
- A need for objective analyses of issues without any preconceived ideas or agendas.
- The need for a fresh perspective to reduce costs, streamline operations, and develop marketing strategies.
Our One Source M&A Contact Plan
Our One Source M&A Contact Plan is designed to help you locate the consultants that are best suited to your needs. Please contact us for more information.