Nobody downloaded yet

Effect of Technology Development on Management Consulting Profession - Essay Example

Comments (0) Cite this document
Summary
Management consulting has always been actively involved in aligning business and technology strategies with matching competence requirements in accordance with internal resources. With the advent of modernization era, problems have been encountered in consultancy, which required solution to be effective enough to replace paper documents with e-documents…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
Effect of Technology Development on Management Consulting Profession
Read TextPreview

Extract of sample "Effect of Technology Development on Management Consulting Profession"

Download file to see previous pages In addition, as technological innovations become available, possibilities increase and so does the cost but what technological advancements has given to management analysts, that not only has helped them in boosting their managerial skills by analysing and proposing alternatives to improve an organisation's structure but has also enabled management consultancy to acquire a division that would help reorganize the structure of the firm and eliminate technological complexities.
Information technology cannot by itself change the inherent inflexible nature of its tools but any profession particularly on the management side whether it be financial management, strategic management or consultant management by using the developing trend of information technology can change its effect with respect to any organization infrastructure in such a way that they use these tools in two ways. "First, by reengineering the way that existing tasks are carried out. Second, by creating new tasks and opening up consultancy opportunities that were not previously possible. Changes in various management use of computer technology have enabled technological developments to be implemented in general". (Margetts, 1999, p. 17)
If we consider the development of technology from management point of view, it is obvious that today organisations of all kinds have taken on new functions and new techniques that would otherwise have not been possible without merging and cooperation of information technology. Information technology in private sector companies is now widely recognised as a crucial element in a company's business strategy and the reason is transparent for the way technology has boosted the growth of consultant management, is incredible. "It is now a truism that information technology has transcended its established administrative support functions and has moved towards playing a more central role in business operations' that has not only modified its organisational structure but has also taken part in increasing the ratio of contended customers". (Margetts, 1999, p. 23)
Let us take an example of Electronic Data Interchange (EDI): "EDI has made it possible for two trading partners to exchange their information of trade or business transactions such as orders and invoices which otherwise would have taken umpteen effort and time. Today EDI has been widely accepted as an essential business tool used to facilitate inter-organisational transactions and sometimes to enhance internal operations by integrating internal and external systems". (Chen, 1998, p. 68) It has potentially reduced the transaction costs by eliminating duplication of effort involved in re-keying documents generated by computer in the first place. In this aspect, the development in technology started in 1980s, which first brought a dramatic increase in the use of the Internet, a global research network, consisting of a loose confederation of inter-connected networks providing services such as file transfer and electronic mail. After Internet the vast technological change was felt and realised by the then consultant management when the use of databases, online and offline processors for report writing and interactive communication was introduced.
"Prior to this, it was the consultancies who set the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Effect of Technology Development on Management Consulting Profession Essay”, n.d.)
Effect of Technology Development on Management Consulting Profession Essay. Retrieved from https://studentshare.org/miscellaneous/1531783-effect-of-technology-development-on-management-consulting-profession
(Effect of Technology Development on Management Consulting Profession Essay)
Effect of Technology Development on Management Consulting Profession Essay. https://studentshare.org/miscellaneous/1531783-effect-of-technology-development-on-management-consulting-profession.
“Effect of Technology Development on Management Consulting Profession Essay”, n.d. https://studentshare.org/miscellaneous/1531783-effect-of-technology-development-on-management-consulting-profession.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Effect of Technology Development on Management Consulting Profession

Management Consulting

...profession: Management consulting in the twentieth century. Cambridge University Press. Thommen, J. and Richter, A. (2004). Management consulting today: Strategies for a challenging environment. Gabler Verlag. Sturdy, A., Handley, K., Clark, T. and Fincham, R. (2009). Management Consultancy - Boundaries and knowledge in action. Oxford University Press. Tuomi, V. & Naarmala, J. (2010). Product oriented thinking and expert knowlegde in consulting services. University of Vaasa. Visscher, K. (2006). Capturing the competence of management consulting work. Journal of Workplace...
6 Pages(1500 words)Essay

Management Consulting

...own ability" --- Goethe Value addition is a profession in which there is transfer of knowledge from one party to another. Hence in context of Management Consulting, value addition is carried out when knowledge is being transferred from the consultancy to their client. According to Peter Drucker, "what is unique to management is that from the very beginning the consultant played a key role in the development of the practice, the knowledge and the profession of management." In Management Consulting knowledge is not only being transferred in the form of...
20 Pages(5000 words)Coursework

Management Consulting Assignment

..., competitor evaluation, marketing, business and product development and research reports Strengths and Weaknesses Resources: financial, intellectual, location Cost advantages from proprietary know-how and/or location Creativity (ability to develop new products) Valuable intangible assets: intellectual capital Competitive capabilities Effective recruitment of talented individuals Opportunities and Threats Expansion or down-sizing of competitors. Market trends Economic conditions Expectations of stakeholders Technology Public expectations All other activities or in activities by competitors Criticisms by outsiders Changes in markets All other...
32 Pages(8000 words)Research Proposal

Management consulting report

...about work, which every employee looks forward to in his accomplishment of every task. Effective delegation is an important area of ascertaining that a job is satisfactorily accomplished and the employee is empowered and fulfilled in the undertaking. Leadership style matters in this view, which mainly depends on the task, the team or individual’s capabilities and knowledge, the available time and tools, and the desired results, which are all congruent to producing good outcomes for both the company and the employees (Heathfield 2008). Democracy in the workplace results in the development of productivity and worker participation, given clear guidelines and rules. Change...
10 Pages(2500 words)Essay

Marketing Management Consulting Report

...Marketing ManagementConsulting Report A STRATEGIC MARKETING ASSIGNMENT ON Weirdo Slimming Pills 2009 Submitted by: XXXXXXXXXXXX Submitted XXXXXXX Subject XXXXXXX Subject Code: XXXXXX University of XXXXXXXXX Executive Summary Weird Products Slimming Pills is a well developed UK company, which intends to move into the Australian markets. The report provides a clear marketing plan and also provides the estimated profit and loss statements for the company for the next five years. Also a clear section that deals with the various controls for the evaluation of the marketing plan has also been included. Also clear analyses of the competitors and the factors that affect the introduction of the...
9 Pages(2250 words)Essay

Management Consulting

...in the consultancy services for the firm. Conclusion Consultancy is another way to solve the issues that the clients from the different industries are facing the problems and the issues are the ones that need to be analyzed and the advice given in accordance. References Curnow, Barry., and Reuvid, Jonathan. (2003). The International Guide to Management Consultancy: The Evolution, Practice, and Structure of Management Consultancy Worldwide: Kogan Page Series. 2nd edition. Kogan Page Publishers. Rasiel, M. Ethan., and Friga, N. Paul. (2001). The McKinsey mind: understanding and implementing the problem-solving tools and...
5 Pages(1250 words)Essay

Business/ management consulting

...Business Management: Consulting Business Consultation Report Client: North East Business and Innovation Centre (BIC) Topic: Given the behaviour of our Captains of Industry in 2009, how has this affected the consultancy profession with specific reference to second party quality audits? Introduction Strategic management principles involve defining and setting realistic long term strategic goals for achievement. “Strategic or institutional management is the conduct of drafting, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives” (David, 1989). Thus it’s clear that strategic management is all about defining, setting and achieving long term objectives... analysis of...
10 Pages(2500 words)Essay

Organizational Development Consulting Skills

...that they can successfully implement the plan designed for bringing changes in the organization (McLean, 2009; Schein, 2009). OD practitioners have to develop their consulting skills so that they can direct team members in achieving desired goals; they have to work in collaboration because their main aim is to help their clients in bringing effective changes in the organizations. OD consultants need to provide guidance to their clients by designing consultation process and ensure that they own complete process so that they can manage it independently and monitor the outcomes desired; they work at all levels in organizational hierarchy...
4 Pages(1000 words)Assignment

Management Consulting

...auditors contracted should be independent in order to conduct objective assessment and give accurate feedback. Separating personal life from business for example through setting definite salaries for everybody including the top management of the company would have prevented the use of company funds in personal projects (Longenecker, 2012). Advising Dirk Schuyster As Dirk Schuyster’s consultant, I would have advised him to seek anger management therapy. I would have underscored to him the need to spend quality time and resources in such an initiative because it is an element of personal development, which improves leadership. I would have advised Schuyster to research...
2 Pages(500 words)Essay

Ethics in Management Consulting

...Ethics in Management Consulting There are dilemmas that exist in the process of consulting and the best thing is to try as much as possible to solve these puzzles. One of such dilemma is that of consulting with the right client. It is essentials to know the client well through a background check. The second dilemma is that of the ethical dilemma that revolves narrowly around confidentiality and anonymity. Being in the same situation, I would prefer that before any information is obtained there is a full check on the client to know them better. These background checks not only help him or her get better service but also protect the reputation of the company. I strongly...
1 Pages(250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Effect of Technology Development on Management Consulting Profession for FREE!

Contact Us