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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