Management Consultants are an interesting group. Generic Management Consultants deliver value by recommending strategic improvements to an organisation.
Management Consultants with in-depth knowledge of an industry, or a business problem are valuable. The challenge for many organisations is quantifying and justifying the cost of such consultants.
Management Consultants can add value by having an arsenal of data, or access to repositories of reports. (e.g. Harvard Business Review, Economist, Gartner, Forrester)
Common areas of generic value in areas of:
- Strategic Thinking
- Strategic Organisation
- Strategic Planning
Managing Financial and Human resources is a significant challenge.