Consulting is what? What is a management and financial consulting?

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2018-03-26 10:05:25

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The Modern market economy and technology is rapidly evolving. In the environment of high competition and rising consumer demands in a timely manner is very difficult and productive to adapt, to change business strategy.

Therefore, not only international companies but also medium-sized small businesses, government organizations turn to consulting centers. Consulting – what is it? Why every year it spent tens of billions of dollars?

Consultant – it is the oldest profession

In English “consulting” means — business. It has roots in the distant past, remember the seven sages of Ancient Greece or of Confucius. But as an independent profession business began to take shape only in the beginning of our century.

The twentieth century saw the emergence of professional consultants-the pioneers such as F. Taylor, A. little. The first organization for consulting services was opened by T. Perrin and G. Emerson.

Later, in 1914, E. Buz was founded by business research service “Booz-Allen & Hamilton”. The first consulting enterprise focused on resolution of problem situations in the production workflow, reducing costs.

Consulting. What does it mean today?

it consulting

Modern consulting provides counselling, advice and assistance in managerial issues. This assessment of complex situations and opportunities, preparation of measures for their implementation.

The Consultants are divided into external and internal experts. Are called external independent organisations or businesses providing consulting services under the contract. Inside are full-time specialists, analysts.

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Consulting have a number of strengths that are not always present in managers of corporations: independence, unbiased, “fresh” a look; a wide range of interests, the ability to access a vast information database. They are less loaded by the turnover and management problems. A significant advantage of such specialists (foreign) is the experience in different organizations.

Consulting business

consulting what is it

Consulting as a business is important and promising. It is a professional assistance provided by highly qualified specialists on the analysis of management problems and the implementation of measures to optimize the operation of the organization. It is an objective opinion of a professional that is so valued by top managers.

Consulting – helping organizations of different services with such features as:

  • Financial and economic activities of the company, taking into account all factors;
  • Management and investing;
  • Planning strategies
  • Market analysis and forecasting;
  • Marketing program;
  • Anti-crisis measures;
  • Asset evaluation and more.

All areas of consulting are closely linked. Thus, the main purpose of consulting – to improve the quality of management and efficiency, to increase productivity of each employee.

3 steps consulting

1. Diagnose issues

2. Solving problems

3. Application of innovations, know-how

Analysis of business processes

Development plans and development prospects of the organization

Innovation in the economy, management and production technologies, taking into account the peculiarities of organization

3 style advice

The Business

The consultant's Activities

1. Expert style

A Specialist provides a solution, but no comment or explanation. The advice reflects only the essence of the problem

2. Learning style

Specialist reports the decision, together with the necessary explanations and comments. Consultation reflects the content of the problem situation, including training of the client

3. Process style

Specialist assists in the resolution of problems of the organization. During the consultation the client receives assistance in highlighting the problem, its essence and organization solutions. The client chooses the course of action and use the knowledge in practice. Through process consultations, he develops the skills to work with specific problems

Financial consulting. What is it?

financial consulting what's that?

The Study of the financial situation of the organization involve the evaluation of the viability, mobility of capital and operating assets.

Consulting & ndash; is a set of services analytical and Advisory direction. In Finance it is aimed at the creation of persistent financial management systems of the company. Professional financial consulting. What is it, and what areas it can include?

  1. Expert analysis and audit of all areasactivities, production and investment;
  2. Advice on financial planning, budgeting;
  3. Development of methods for the development and strengthening of the financial system.

Consulting in the field of investment associated with the designing, creation of business plans and programs of investment activity. Strategic financial consulting – business development strategy and selection of the optimal composition of capital and increase its value.

The Direction associated with managerial accounting, involves the creation of a governance structure for Finance, budget, investment and division of economic evaluations.

Consulting management

it management consulting

Management consulting – a process aimed at the creation of new forms and mechanisms of management, configuration and optimization of all processes within the enterprise.

The Objectives of management consulting are:

  • Strategic management consulting, personnel training;
  • The decision of problems of management;
  • Search and apply unused opportunities;
  • The achievement of corporate goals;
  • The implementation of the proposed innovations of the company.

Management consulting

1. Strategy

The Analysis of the enterprise, defining the objectives, programs to achieve them, development of a strategy

2. Program

The Basic processes of business of the company improved based on the specifics of the organization and incorporated in the program of action. Engineering business processes

3. Structure

Selects the optimal organizational structure for the implementation of business processes

4. Accounting

Based On the structure of a system of management accounting and budgeting

5. Staff

Business processes define the contents of the staffing and competencies for employees. Motivation

Thus, management consulting – help The development of strategic plans, management methods, standards, programmes of motivation, the improvement of structure and coaching.

Consulting in the field of marketing

Marketing consulting – it's a business doing marketing, organizing promotions and campaigns to build business communication.

Advertising is an investment in the promotion of the product for maximum profit. Marketing company needs to weigh and calculate. In fact, many organizations overpay up to half of total budget spending on advertising.

The Main purpose of consulting in this field is the increase of sales and reduction of costs for promotion of the organization.

The task of marketing consulting include:

  1. Assessment of the advertising company;
  2. Optimization and minimization of the budget;
  3. Search effective media channels.

The consulting firm begins with a marketing audit of the organization. Then follows the development of strategy, tactics, and product positioning services in the market. Consulting involves regular counselling, assistance in achieving goals.

Investment advice

investment advice is

Investment activities is to study and implement effective ways of investing capital. Its basis is a sound investment policy.

Managers, investors in selecting schemes for investment and attract capital is advantageous to rely on professional advice, which gives investment advice. What is it?

Consulting in the field of investment is a professional help in the selection:

  • Options for more effective enforcement of ownership;
  • The scheme of movement of capital for the development of the organization or implementation of the project.

Investment advice –

  • Introduction of mechanisms to protect the interests of the company and the guarantee;
  • Services negotiations with banks, insurance firms and government authorities;
  • Development of investment projects and financing schemes;
  • Forecast the direction of movement of capital;
  • Assessment of efficiency of investment directions and recommendations for funding.

In addition to investment consulting will include the activities on search and attraction of investors (corporate Finance), management and legal support of investment.

Management consulting

it management consulting

Personnel accounting, organization of office-work, document circulation, labor relations and application of labour legislation - activities that directly affect the efficiency of any organization.

Professional advice on HR issues is gaining popularity. HR consulting – a wide range of services: from diagnostics and analysis to the development and implementation of personnel policy.

  • Recruitment, outsourcing of personnel.
  • Certification and rotation.
  • Development of the HR policy corporate culture.
  • HR accounting, audit, workflow from scratch.
  • Registration of labor relations under the legislation.

IT  consulting

it consulting it

The planning of the project in the field of information systems, the creation of the system project and application called IT-consulting. Areas of activity it quite a lot. Its main goal: high-quality IT infrastructure that meets all the needs of modern business.

Professional IT consulting what it is and what are its objectives?

First, an IT strategy plan for the development and maintenance of information technologies at the required level, taking into account the needs of the business.

Second, the definition of requirements to ensure the IT infrastructure of the organization and identifying problems. Thirdly, search IT solutions that meet all the objectives of the organization. And finally, the development model of information system of the company.

10 differences successful consultant from layman

Consultant-professional

Professional consultant

  1. Information on the client studying in advance.
  2. Offers specially prepared for the client and take into account the characteristics of the organization.
  3. With the cooperation helps the client with new ideas, gives advice.
  4. New ideas and solutions confidently reports.
  5. When the communication shows knowledge of terms, data, or production situations for the enterprise customer.and
  6. Speaks and asks questions, paying attention to the opinion of the client.
  7. He is able to listen.
  8. Organize different areas of work, reports on their features. Readily agrees to a personal meeting.
  9. Demonstrates a knowledge of the situation and problems. Additional questions always answered.
  10. Considers and remembers the customer's opinion, does not ignore his objections.
  1. Not prepared in advance, and learns from clients about the situation in the organization and facts.
  2. Proposals that he developed are General, a standard character, like advertising consulting firm.
  3. Emphasizes their achievements and behaving not as a partner.
  4. New thoughts expressed reluctance.
  5. Demonstrates experience in organizations from the same industry.
  6. Speaks peremptorily.
  7. Talks a Lot but listens little.
  8. Consulting work is done in one embodiment, more communicating with the client in writing.
  9. Speaks from prepared text without interruption.
  10. The statements of the client does not take into account, ignores objections.

Governing bodies and standards consulting services

Market Structure

Regulations at the state level, which directly or indirectly regulate the market

Unions consultants and managers (operating in more than 40 States)

The General rules for the provision of consulting services, operating in many States. ISO-9000 (the European Union) and other

The Internal rules for self-employed specialists consulting, adopted by the EU, World Bank, EBRD, etc.

The Internal rules of consulting firms

The Internal rules of the organizations-clients


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BE: https://tostpost.com/be/b-znes/22263-kansaltyng---geta-shto-shto-takoe-k-ra-n-chy-f-nansavy-kansaltyng.html

DE: https://tostpost.com/de/business/22268-beratung---was-ist-das-was-ist-der-management-und-finanzberatung.html

ES: https://tostpost.com/es/negocio/22286-la-consultora-es-que-qu-es-la-gesti-n-y-consultor-a-financiera.html

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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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