Management consulting is the practice of helping organizations to improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants’ specialized expertise. The client organizations are typically businesses, but management consultants also advise governmental agencies and nonprofit organizations. Management consulting firms are also called “management consultancies”. Generally, most reputable firms hire bright people who can think well on their feet, solve problems, communicate in teams, and exhibit professionalism with clients. The workaday experience of the consultant is all about gathering information, synthesizing insights, and communicating solutions.

• Management Consulting helps the world’s most significant organizations – public and private – quickly become more effective.
• We improve the way clients operate; manage costs; better align people, process and technology initiatives; support business growth to maintain or improve competitive edge and complete market and regulatory risk assessment.
• In doing so, we focus on clients agendas and the big issues they need to deal with, both today and in the future.
• Successful organizations are using this time to transform their business, balancing the critical levers of cash flow — cost, investments and revenue to achieve sustainable business performance.
• Are you putting in place the building blocks that will make your organization perform more effectively when the economy recovers?
• Successful organizations are using this time to transform their business, balancing the critical levers of cash flow — cost, investments and revenue to achieve sustainable business performance.

There are three key aspects to consider.

    Obtain accurate information to drive business insight:

• Any business today needs to have confidence in the data that’s used to report financial results, set future performance expectations, evaluate risk and understand customer interests.
• By creating standards, disciplines and governance around data that goes all the way down to the item level, and by using technology effectively to access it in real time, business leaders and managers can trust that the information they use to make decisions is as accurate and insightful as possible.

   Navigate the complexity of business enterprise and make the needed structural changes:

• Leaders so often turn to quick wins with little regard for their efficacy, lasting impact or unintended consequences.
• Instead, go below the tip of the iceberg, navigating the complexity inherent in the business, to make needed changes to the business model that can have a lasting impact.
• Take advantage of technology that can enable the business to run more efficiently.
• Review the overall people strategy in order to meet future talent and skills requirements.
• Ensure your procurement process is actually adding value by saving time and costs, rather than creating fragmented purchasing and black holes of spend.

   Focus on sustainable performance:

• Find and retain the skills you need.

Build disciplines and processes that allow you to be in control of the business.