Business Consulting

Although people use the terms ‘business consulting’ and ‘management consulting’ interchangeably, however, business consulting relates to business processes (which might include production, HR, finance, or buildings maintenance), whereas management consulting will focus on people and the less measurable parts of the business (for example, culture, vision, strategic objectives, delivering change, forward planning, managing expansion, and growth).

Key characteristics of business consulting are:

• Business consulting is often used during the early phase of a business start-up, or when growth is planned. A business consultant can make sure that the right processes are in place to qualify a company to work effectively, legally, and in an organized manner. When growth is taking place, a business consultant can assist the organization in developing the capacity needed to deliver it effectively.
• Business Consultants frequently have particular expertise at an operational level, as well as a significant degree of technical knowledge. This means the assistance business consultants provide is tailored to the needs of every business.
• Business consultants can evaluate the current systems, then come up with ways of improving them, often without spending much.
• Business consultants may also work with business owners rather than senior managers. They bring a broad, well-informed view of the market and other external factors, enabling them to advise owners on what direction might yield the biggest profits.

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