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How Investment in Management Consultancy Can Represent Value for an Organization - Essay Example

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The idea of this research emerged from the author’s interest and fascination in how investment in management consultancy can represent value for an organization. This research is being carried out to evaluate and present how this value can be assessed…
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How Investment in Management Consultancy Can Represent Value for an Organization
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"How Investment in Management Consultancy Can Represent Value for an Organization"

Download file to see previous pages The researcher states that an organization may choose to employ management consultant’s services for several reasons and they include consultants specialized expertise access and gaining advice from external sources. The exposure of consultancy firms, as well as their close relationship with several organizations, has resulted in such firms to be well vast with the best possible practices in the industry. However, the application of these consultancy practices from a given organization and transferring them to another can be limited by the particular nature of the situation in question. Consultants are also charged with the responsibility of offering management change assistance in different organizations, coaching skills development, strategy development, technology implementation or operational services improvements. In most cases, management consultants often introduce their own frameworks or property methodologies to assist them in identifying issues and serve as recommendation basis for more efficient and effective means of conducting their work tasks. Several approaches can be applied by different consultants and can be regarded as being as existing somewhere within a continuum having a prescriptive strategy on one side as well as a facilitative strategy at the other side. When it comes to expert approach, the consultant assumes the expert’s role and offers expert assistance or advice to their clients. In this approach, the consultant is more and collaborates more with the client compared to the case of facilitative approach. In the facilitative approach, the consultant has less focus on the technical or specific expert knowledge leaving most of the consultation process to itself. The facilitative approach is in some cases referred to as the consulting process following its focus on the consultation process In the recent past, most consulting firms have assumed a matrix structure in which a single axis is used to describe a function of the business or the consulting type like operations, strategy, executive leadership, technology, sales and talent management. The second axis focuses on an industry like gas, oil, retail and automotive. These matrix forms together with consultants taking part in either of the matrix cells like a consultant can focus fully on retail industry operation while another consultant focuses on the improvement of the process in the same industry. The main aim of the consultancy is to introduce value in an organization through understanding the intervention choices in relation to the most appreciated intervention style. In an effort to achieve the desired value within an organization, consultants may occupy several positions within a continuum from those led by experts, those that are centered on clients and to both nondirective and directives. Heated debates have come up in relation to continuum position ranges between those that refer to themselves as coaches, mentors, advisors, counselors, consultants, and facilitators. Despite the debates, each of the above-mentioned roles needs a specific set of skills, knowledge, and behavior making them related disciplines. Consultants who introduce the desired value to an organization are the consultants who stand out as being the most effective and are considered as to be having the ability to carry out different roles within the required time and are able to move from a client to the other without mixing up their responsibilities. ...Download file to see next pagesRead More
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