Areas of Management Advisory Services 1

Embed Size (px)

DESCRIPTION

Report

Citation preview

Slide 1

Service Delivery AreaUnits, portions or different functions and activities of the client company to which the problem situations may exist and that the consultant has the responsibility and accountability to deliver services

Application of the Analytic Process

Identifying the objectivesDefining the problemFinding out the factsDeveloping the solutionImplementing the solution

These phases represent the dynamic aspects of an engagement and are employed in every engagement, whether it be a routine evaluation of operations or a special research study of customer attitude.Techniques and Methodologies AppliedDifferent techniques and methodologies are applied depending on the problem identified and/or the needs of the company.

example:problem capital investment evaluationtechniques and methodologies whether to apply NPV, IRR or payback methodBusiness Process Improvement/ Reengineering"... the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical contemporary modern measures of performance, such as cost, quality, service, and speed. "encompasses the envisioning of new work strategies, the actual process design activity, and the implementation of the change in all its complex technological, human, and organizational dimensions."Example:1.0 General Management2.0Manufacturing3.0Personnel4.0Finance and accounting5.0Marketing6.0 Procurement7.0 Research and development8.0Packaging9.0Administration10.0International operations4.0 Finance and accounting4.1 General Accounting4.2Cost Accounting4.3Short-term planning, budgeting and control4.4Credit and collections4.5Long-range financial planning4.6Capital investment4.7Marginal income analysis4.8Financial planning4.9Valuation and appraisal4.10Taxes4.11Financial information and planningDeveloping Promotional CampaignsPromotional Campaign - A series of advertisements using various marketing tools that share the same message and ideas to promote a business or event to a target audience. The typical campaign uses different media resources including internet, newspapers, television, radio, and print advertising.

Planning Sales Force ActivityKEY ISSUES:Overall organization of the teamSales team trainingSales team motivationPlanning Sales campaignsNew Product DevelopmentProcess of developing a new product or service for the market. This type of development is considered the preliminary step in product or service development and involves a number of steps that must be completed before the product can be introduced to the market. New product development may be done to develop an item to compete with a particular product/service or may be done to improve an already established product. New product development is essential to any business that must keep up with market trends and changes.

Developing Proposals for Financial SupportFour Critical Areas:1. Evaluation of the businesss investment needs 2. Identification of funding providers and how they might be contacted 3. Developing an understanding of the criteria employed by funding providers and how these might be addressed 4. Developing communications with funding providers, particularly in relation to proposals and business plansStaff RecruitmentImportant Contributions: 1. assessing the firms human resource requirement 2. creating advertisements (with insights into both message and medium) to attract the right people 3. developing assessment criteria, interview procedures and possibly psychometric testing of candidates 4. advice on the reimbursement packages new recruits will expectExporting and International Marketing

The most successful moves into international operations are those which are based on sound preliminary research and a thorough understanding of what to expect. The consultant can assist this process of discovery.Common outcomes desired from business development:

Growth of the business within its core markets by capitalizing on market growth or markets share increaseExpansion of the business into new market sectorsDevelopment of new productsIncreasing profits through cost-reduction programsInternal structural reorganizationsBUSINESS PROCESSTo eliminate unnecessary stepsTo reduce opportunities for errorsTo reduce costs

CULTURAL FACTORSORGANIZATIONAL CULTURE- refers to the MINDSET of employees, including their shared beliefs, values and goals.Strong Functional Culture - KEY FACTOR Successful Implementation of business process improvement or reengineeringhigh employee involvement and participationLong term employmentSense of teamwork

MANAGING ORGANIZATIONAL CHANGEEmployee Assistance (recurrent problem)Real improvement can be successful if management uses the improvement to generate more business rather than to cut the workforce.CHANGE CHAMPION an individual who recognizes the need for change and seeks to bring it about through his or her own efforts. SUCCESFUL CHANGE OF CHAMPIONat a high level in the organizational hierarchy Has strong entrepreneurial skills demonstrates political influence within the organization has the ability to persuade and motivate others

WELL-DEFINED PROCESS ESTABLISHED FOR CHANGETimetable for certain activitiesA set of well-articulated goalsFollow-up

Employee should be aware of:The goals of the programThe process by which the program will be implemented and evaluatedThe employees role in making the program a success

OTHER TYPES OF CONSULTANCY WORKTWO TYPES:Primary Research is information collected for the specific project.SUBDIVISION:a. quantitative research b. qualitative researchSecondary Research based on information that has been collated earlier for reasons other than the project at hand.

References:Cabrera, Ma. Elenita B, Management Consultancy, GIC Enterprises & Co., Inc, Recto, Manila, 2010Salosagcol, Jekkel. et al, Auditing Theory, GIC Enterprises & Co., Inc, Recto, Manila, 2011http://www.wisegeek.com/what-is-a-feasibility-study.htmhttps://tcsg.edu/tcsgpolicy/docs/05-01-02.html\