Is Management Consultancy a Scam?
Yes, it is. So it’s not quite like that, but that’s how it can often come across to those at the receiving end of tabula rasa PowerPoint slides and jargon-infused presentations. The management consultancy industry is large and somewhat of a mysterious world for those that don’t fully understand what consultants ‘do all day’. There also comes the idea that outside experts can swoop into an organization and diagnose and fix a problem in a matter of weeks (and in the process charge a large amount of money). It’s no wonder that people often wonder whether what they are receiving is valuable or just smoke and mirrors. To dissect the view of management consultancy for what it is (and what it’s not), let’s break down how we view management consultancy.
Management Consulting: A Critical Catalyst for Organizational Success
What made the Scarecrow a great consultant? He was the best among the rest, and he was in the field! Although this joke may leave one amused, management consulting is anything but a joke. In a contemporary and dynamic society, and especially in the business world, change is inevitable, and organizations have to learn how to change in order to remain relevant. This paper seeks to describe how firms can manage organizations in today’s world through the use of complex management skills in place of traditional management skills. That is where the management consulting comes into the picture. Outsourcing also helps in getting new ideas and approaches that are not limited by the organization’s internal knowledge to achieve business goals. Below are five rationales as to why management consulting is vital in today’s organizations.
