Why the “management consulting” service well-known with its big 5 players? And why these type of services are so expensive for small and medium enterprises (SME) and start-ups?
Yet, there is very limited number of companies such as Fiducia, Amosca and Victory International Associates; it is obvious that growth is the trigger of development. And growth of a business would come from either re-structuring or innovation.
What and how can be done? And can it be done?
The management consultancy services could be listed, but not limited to, as below:
- Core Competencies and Synergy,
- Restructuring and Transformational Management,
- Systems Development and Tracking
- Innovation and R&D
- Sustainability& Growth
The cost of the service varies from company to company but also type of work to be done and the time allocated for the project. Min. costs start from $ 100K to a couple of millions for complex projects. Size matters here.
Nonetheless the methodology used to evaluate the business and offering a solution is almost the same for every consultancy company:
- Global outlook and nature of the business
- Global competitive environment
- SWOT or similar techniques
- Local outlook and nature of the business
- Local competitive environment
- Feasibility studies and valuation
So far, this is a good business segment where you can create a value with a small team. The pleasure of managing the change and helping a company to be better than ever… is priceless…