The Case for a Business Consultant
One of the first victims of this past recession was consulting spending, but not for long. Getting rid of that high-paid management consultant seemed like the right thing to do in the face of significant cost reduction challenges. Soon enough, companies realized that there was a true need for such services, fact proven by the undeterred growth of business and management consulting sales nation-wide. The expertise brought by business consultants in areas such as turnaround, start-up, business process improvement and optimization, and training, were demonstrating value despite the recession and its effect on consulting budgets.
1. Turnaround Consulting: The business consultant specialized in turnarounds can bring immediate relief to financially burdened operations, and can offer advice on process redesign and business restructuring, leading to the company’s recovery in a customer centric, operational excellence driven manner. The value brought by a turnaround management consultant is undisputed, and, in these recent years, highly sought-after. Having the right skills, knowledge, expertise, and availability at the right time can make the difference between the company’s survival and its demise. Considering the depths of this past recession, it is not surprising that the management consulting industry has continued to grow.
2. Start-Up Consulting: Management consultants bring undisputed value to a leadership team embarking in a risky adventure such as a business start-up. Although not a whole lot of growth leading to start-ups happened in the past years, due to the economical environment, business start-ups are executed as part of restructuring, cost cutting initiatives, relocation of manufacturing, storage, development, support, and service facilities to lower-cost environments, or consolidating existing facilities in new locations.
3. Business Process Improvement and Optimization: Gaining in popularity due to the subsequent yet significant cost-reduction and cost avoidance benefits, business process improvement, optimization, process reengineering and business excellence are an integral part of all restructuring efforts. Even if the company is not undergoing a turnaround, restructuring can still take place in response to volatile sales numbers and uncertainty in the market demand. A management consultant or business consultant can make a difference, by bringing much needed expertise to the table and help steer the initiatives towards customer-centric actions and a process improvement methodology most suited to the particulars of each business.
For these reasons and more, there is significant benefit to be gained from securing the services of a good management consultant, who can make a difference from the perspectives of both time, and money.