Management Consultant is an external entity deployed by the organization or an entrepreneur owner to assist in different functions of the organizations. The different functions may vary across different initiatives for the department ranging from Human Resource, Finance, Supply Chain, IT, HR, Leadership team. Some of the activities or initiatives have been stated hereunder:
Assist in setting the vision of the organization and departments
Vision is the purpose of the organization and the reason for it’s existence. The different departments assist in achieving the vision of the organization. It is very important for the organization to craft the Vision that serves as the common purpose for the organization. Absence of vision may lead to a dysfunctional organization wherein the departments may function in silos.
Management Consultant shall assist the organization in crafting a vision for the organization that serves the purpose of existence for the organization and binds the organization by one single thread.
Advising to Re-align the Brand strategy
The Brand for strategy to be adopted for the market in which the company / organization or the entrepreneur exists or is planning to introduce the brand, is key to the success of the brand. The brand strategy serves as the Unique selling Proposition to the customers in the market in which the brand exists. Management Consultants understand the brand, assess the market, advise the brand to design or re-design the brand strategy as per the market requirements and establish the brand as a unique one in the market.
Devising Plan for Optimum utilization of Available resources
Resources – i.e. manpower; fixed assets serve as driving force for functioning of organization and the utilization of resources impact the Revenue and Profitability of business. The Business exist for achieving the revenue and profitability targets as the same keeps the organization or the business functioning. Without liquidity it shall be impossible for the business to function. Management Consultant understands the organization, its purpose of existence, re-looks at the organization its manpower resources, the existing investments and resources and devises a concrete plan of manpower planning Manpower Consultant identify the profit centers within the organization. Management Consultant advise for the steps that can be taken for enhancement of profit centers that shall extend better returns on profitability.
Formulation of Key Responsibility Areas for the Business Heads
Key responsibility areas refer to the functions that an employee is responsible for. Effective and efficient devising of the key responsibility areas is important for the functioning and achievement of overall vision of the organization. Management Consultant understands the business and devises the key responsibility areas of the business heads that serves as a guiding force for achievement of objectives for the organization and the overall vision.
Download of Key responsibility areas to the employees
Communication of Key responsibility areas is key for the effective functioning of the employees. Management Consultant drafts a strategy for communication of the Key responsibility areas and communicates the same to the employees.