What is management consulting – the service of management consulting is especially relevant during the period of unstable economic situation in the country and in the world. During a period of ambiguous geopolitical situation and the fluctuations in oil prices and exchange rates caused by it, management consulting can help a business not to lose income and market position. In addition, this service may be necessary in case of a change in the vector of the company’s development or adjustment of the pricing policy. Management consulting is useful when a firm intends to reach a new audience or introduce a new type of product to the market. Also, this service can help solve internal problems among management personnel, resolve disagreements between the owner and top managers. The results that a firm can get from management consulting can be divided into direct and indirect, quantitative and qualitative.
Direct Results
Quantitative:
cost optimization
increase in profitability
increase in financial turnover
acceleration of the production cycle
Quality:
changing technologies and work methods
introduction of structural changes in production
development of new competencies by the client
diagnosing and solving internal problems
Management consulting is a design and organizational activity aimed at improving the efficiency of enterprises and organizations in the field of their main economic activity, marketing, management, personnel, etc.
