Management Consultancy-An Overview

8/3/2019 Management Consultancy-An Overview

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Management

ConsultancyServicesAn overview


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Auditing,Accounting

system design

andinstallation,and income

tax work

Discovery ofproblems,

investigation, andsolution

formulation inclients (clients)

business.CPAs found management

consultancy a naturalarea of development of

their practice.

Management advisoryservices divisions were

created, which arestaffed by:

accountants, industrial

engineers, lawyers,statisticians,psychologists

Managementconsultancy has

been an industry ofits own because of

the gradualdemand for the

service.


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Information system

Automated offices

Financial analysis

Modelling and budgeting and cost controls

Organization structures

Personnel comp0ensation

Strategic planning


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Market and market segments

The players

Other Aspects


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The consulting Industry includes:

Information Technology (IT) Consulting and system integration

Corporate strategy

Operations management

Human resources management Outsourcing


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Analysts Consultants

SeniorConsultantsor Managers

BusinessDevelopment

Managers

Directors

(or Partners)


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byIndependent Accounting Firms


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The function of providing

professional advisory services Purpose: to improve clients use of

capabilities and resources toachieve the objectives of theorganization

ManagementAdvisoryServices

An independent and objectiveadvisory service provided by

qualified persons to clients inorder to help them identify andanalyze management problems

Recommend solutions or suggestactions, and aid in theimplementation

ManagementConsulting


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Consultation and Engagement

Providing advice andinformation during ashort time frame

However, such adviceand/or informationwill be qualified bystated limitations dueto lack of first-handobservation of thesituation

Consultation

An analyticalapproach and processis applied

Engagement


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Independent Viewpoint

Professional Advisor

Temporary Professional Service

Agent of Change


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to provide advice and technical assistance which

should provide for client participation in theanalytical approach and process. Specifying thisas the proper role recognizes both theappropriate place of MAS and the realities of

practice. This is the only one which the workshould permit it to be alone.


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What is a consultant?

Latin origin: consultare - to discuss

Someone who is knowledgeable in acertain field(s) that offers a professional orexpert, unbiased opinion for a fee

Not an employee but an independentcontractor contracted toperform a short-term orlong-term task


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someone who operates withinan organisation but is availableto be consulted on areas ofspecialism by otherdepartments or individuals

(acting as clients)

Internal

Consultant

someone who is employed

externally (either by a firm orsome other agency) whoseexpertise is provided on atemporary basis, usually for afee

External

Consultant

Documents

Management Consultancy-An Overview