...Business Consulting Paper MGT/527 Consulting June 23, 20014 Dr. Harvey McDonnell Business Consulting Paper Abstract Business consulting has a lengthy history in America. In 1890, Fredrick Winslow Taylor was the first business consulting, which he called it scientific management and many of the practices today are still pertinent in modern organization (Public Broadcasting Station, n.d.). Organization uses external and internal consultants; however, most organization use external consultants more than internal consultants. External and internal consultants use the same functions and roles to solve a problem that an organization has. This is an evaluation of those functions and responsibilities of business consultants. Vision and Explanation of a Business Consultant It is crucial for a company to have a vision and mission. The vision describes where the company is heading and the fulfillment of its goals. Whereas in mission, it explains the primary purpose of the company and provides the purpose of its existence. Mission defines and communicates to the stakeholders why the company is headed to that direction and its purpose. Having a good business consultant will prevent the company in experiencing downfall, loss of income, lack of trust from stakeholders, and business failure. Business consultant helps in defining the company's mission, goals, and objectives. Consultant must know the vision and mission of the company and has the knowledge and experience on how...
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...Business Consulting Kevin Jackson University of Phoenix MGT/527 August 13, 2012 Sandy Yeh Abstract Business consulting has a long history in America. In 1890, Fredrick Winslow Taylor was the first business consultant, which he called it scientific management and many of the practices are still relevant in modern organizations (Public Broadcasting Station, n.d.). Organization uses internal and external consultants; however, organizations use external consultants more than internal consultants. External and internal consultants use the same functions and roles to solve a problem an organization has. This is a review of those functions and responsibilities of business consultants. The author believes internal consultants are more equipped to solve problems and improve organizational functions because he or she understands the organizational structure and culture. Business Consultant A person who is a business consultant provides advice and solutions to other business this includes small businesses to Fortune 500 organizations. Business consulting has numerous types of sub-categories, which includes marketing consultants, sales consultant, and human resources consultant. Although there are numerous types of business consultants, organizations do not require business consultants services enough to hire a full-time member (Consultant Journal, 2012). However, some businesses do have internal consultants, but these consultants are part of...
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...practice The firm was formed in 1998 by a merger between Coopers & Lybrand and Price Waterhouse.[1] The trading name was shortened to PwC in September 2010 as part of a rebranding.[6] As of 2012 PwC United States is the fifth-largest privately owned organization in the United States.[7] PricewaterhouseCoopers' operations are Global, but with Europe accounting for 42% of the total.[30] PwC audits 33% of companies in the FT Global 500 and 29% of the companies in the Fortune Global 500.[30] PricewaterhouseCoopers is organised into the following three main service lines:[31] • Assurance Services • Tax Advisory, (international tax planning and compliance with local tax laws, customs, human resource consulting, legal services and transfer pricing) • Advisory – mainly consulting activities which covers Strategy, Performance Improvement, Transactions Services, Business Recovery Services, Corporate Finance, Business Valuation, Sustainability and Crisis Management in a range of specialist areas such as accountancy and actuarial advisory. • Academy - providing a wide range of financial, and business skills training to individuals and the organisations they work for. PwC's Academy trains and supports students who are taking professional qualifications in accountancy and...
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...Business Consulting Paper Leonard Eric Manalo University of Phoenix ~ MGT 527 Professor: Richard Arriaga June 26, 2013 Vision and explanation of a Business Consultant It is very important for a company to have a vision and a mission. A vision describes where the company is heading and the fulfillment of its goals. Whereas in mission, it explains the primary purpose of the company and provides the purpose of its existence. Mission describes and communicates to the stakeholders why the company is headed to that direction and its purpose. Having a good business consultant will prevent the company in experiencing downfall, loss of income, lack of trust from stakeholders, and business failure. Business consultant helps in defining the company's mission, goals, and objectives. Consultant must know the vision and mission of the company and has the knowledge and experience on how to guide the future of the company into the right direction. Business Consultant’s Roles and Responsibilities A business consultant’s roles and responsibilities depend on a good relationship to his or her client. Consultant must disclose to the client his or her full competence and expertise in solving the company’s problem, implement the needed changes and improvements if necessary. Consultant should have the experience in finding the root cause of the problem, where it has originated, and the need of the company. Consultant offers suggestion and provides...
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...Business Consulting Paper Kim Spann MGT/527 January 9, 2013 Linda Kulka Business Consulting Paper Business consulting is needed in businesses in the world today. Regardless of what type of business a person has or works for, consulting is needed to see what issues a business has whether good or bad. A business consultant can make a business become better in different aspects. A business consultant does not necessary have to know about the business he or she is consulting, but he or she do need to know what type of business is being consulted. A business consulting discovers the problems in the business and then creates a solution to the problem by making things better in the workplace. According to Bryan (2013), business consultants are the connecting link between discovering problems and creating solutions. They can come as one person, or they could come as a team. No matter what form of business consultant you use, they will have one goal and that will be to meet the goals of the company they are assisting. A business consultant will not put down a business, but will let the owners know what needs to be done to have the business run smoothly or without flaws. According to Pryles (2013), a consultant is an expert at recognizing problems and shaping solutions to those problems. A business consultant has different roles in consulting a business. A person may just believe a business consultant only comes into a business to criticize a business, but most...
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...KPMG evolving and adapting to give clients a business boost 8 Apr, 2015 Post Staff KPMG Cambodia Limited celebrated its 20th anniversary last year, but for one of the world’s leading professional services firm, even two decades can seem like just the beginning of the long journey ahead. The firm, which is one of the largest professional organisations in Cambodia, demonstrated its drive to adapt to changing business needs in the Kingdom when it acquired Phnom Penh-based Premier Consulting (Cambodia) Limited at the beginning of this year. The acquisition not only added to KPMG’s local growth and strength, but also enhanced the company’s ability to provide the best services possible to an ever-growing list of clients. The addition of Premier Consulting’s expertise to KPMG’s established business portfolio brings a new dimension to the firm expanding its traditional Audit, Tax and Advisory services in to additional consulting, payroll, compliance and other essential business services. “We constantly strive to undertake strategies to develop new services and capabilities, recruit new experts and assist clients with market-leading ideas and technology,” said KPMG Senior Partner Michael Gordon. “It all boils down to turning knowledge into value to benefit our clients as they look to not only undertake their day to day business activities, but also to transform their business models and operations.” The acquisition also comes at a time when more and more clients...
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...Statement of the Problem We don’t know the best strategy to successfully merge and capitalize on the competencies of EDS and A.T. Kearney to help the new entity reach its maximum potential and to “significantly differentiate the new enterprise from its competition” (Spiro, Rich & Stanton, 2008, p.524). This must be achieved while ensuring that A.T. Kearney not be “viewed as a front end for EDS by its current and potential customers” (Spiro, p. 533). Summary of the Facts A.T. Kearney, one of the largest global management consulting firms was acquired by Electronic Data Systems (EDS), a leader in global information services, in 1995 for an estimated $600 million. The acquisition would allow EDS/ A.T. Kearney to be a “one stop shop” (p. 525) that could offer a broad range of services to their clients. This potential opportunity would be challenged by the potential difficulty of merging the two companies together. A.T. Kearney conducted a survey of “senior executives at Global 1000 companies to explore their attitudes towards the role of information technology in their businesses” (p. 525). The survey revealed that information technology was evolving. It was no longer being viewed as just a tool to increase productivity. Technology was being recognized as an important part of an organization’s strategic objectives because it could be used to “help solve problems, set new levels of service and create new distribution” (p. 525). The study reached the following main conclusions: ...
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...play an important role in Knowledge Management (KM). The emergence of IT has provided other tools to better perform the activity of building knowledge capital. In particular, two important areas have led to the emergence of modern KM systems: communication (or network technologies) and relational databases. Gathering a lot of useful information from past consultancies in huge databases and facilitating the communication between employees thanks to new communication tools really facilitate the work of consultants. Indeed, thanks to these new tools, consultants start thinking explicitly about the underlying business processes which leads to more efficiency in their work. What’s more, one of the most remarkable changes about KM is the fact of being conscious about the existence of a KM process. Information technology has a critical role in raising this consciousness because its use requires the firm to re-evaluate the entire KM process and its role within the firm. This might lead to new business models and new ways to compete. To conclude IT plays a significant role to the emergence of KM by facilitating its process. 2) Knowledge Management is perhaps the most critical process within any type of firms. In particular for the consulting industry where knowledge itself constitutes one of the firm’s core products, an efficient KM becomes a key to succeed. Producing and selling knowledge constitutes the core resource of every consultant. Thus KM is the basic production technology...
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... Page: Conceptualization/Introduction 2 Vision/Mission 2 Principles 2 Services Offered 3-4 General Environment 4-5 Assessment of Environment 5-6 Opportunities/ Threats 7 Revenue 7-8 SWOT 9 Tactic and Strategy 9 Balanced Scorecard 10 Explanation of Financials 11-12 Financial Sheet 13 A. Conceptualizing Paper Our business, Resolute Group, will be a small to medium size consulting firm that utilizes our team member strengths in consulting and evaluating current and new businesses. Each team member will have hired a team that specializes in the respective field. Our customers are business leaders, managers, and even current potential business owners, looking to establish a position in the market of Albany, GA and surrounding counties. We will consult these customers on the multiple marketing avenues, the business strategy sector, as well as public relation avenues these businesses could take. Other consulting advice could also include, but not limited to, whom to speak with on establishing certain businesses, review of current and former financial statements, basic public speaking seminars, and internal organizational review. Mission Statement Initiating Dreams into Realities’ Vision Resolute Group looks to make more companies capable of competing in even the most uncertain markets. Guiding Principles/Policies As advisors and consultants to our community businesses...
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...an assessment of Team “D” and their skills and how they work together as a team to build a consultant firm. The paper will include a summary of skills the team possess and other skills that need to be acquired. The paper will also include how Team “D” plans to obtain these skills and list three types of possible consulting firms that will use the team members’ skills and why those skills are important and appropriate. Finally this paper will include a visual matrix of the team skills. Team “D” is building a consulting firm based on their skills and skills they are acquiring, as we move forward Team “D” will move ahead with their new consulting firm of JAM Associates. Skills are something that you are taught over time and help you build on certain tasks or help you perform those tasks. JAM Associates is a team of three woman that have a various amount of skills combined. Each team member has their own strengths through education and experience that correlate with one another. These skills include; different levels of management, multi-tasking, critical thinking, creative and technical writing, collaboration, problem solving, structured skills, effective communication, active listening, managing others, human resources, counseling, organizational skills and basic computer skills that involve Excel, Word, and Power Points. MATRIX OF SKILLS TO BE INPUTED HERE As we analyze our strengths our team has come to the conclusion that we are in need of other skills to be successful...
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...manufacturing industry, I will discuss the plan of starting a Business Consulting Agency to provide assistance to businesses. Organization & Communication The relevant issues associated with opening a consulting business are building cliental; establishing lasting business relationships with business owners and providing quality service when needed. The primary services that are offered include market feasibility studies, business plans, operational reviews, re-engineering, strategic planning, seminars and workshops. We strive to provide our clients with business services that help them become more successful and to become a leader in consulting to small businesses. In order to keep our overhead costs down, Business Consulting Agency will be located in the home of Monica Lathan which is equipped with a computer, fax machine and photocopier. Business Consulting Agency is a sole proprietorship, owned by Monica Lathan. As the business grows the firm may develop strategic alliances with other companies. Business Consulting Agency will initially only have one employee, Monica Lathan; additional staff support will be obtained on a subcontract basis and secretarial service will be contracted out as required. Business Consulting Agency is in the process of obtaining a bank loan for $35,000 to finance the start up of the business. During the first year of operation, our key objective is to develop a profitable consulting agency. To accomplish this, we will develop a strong client base...
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...Business Process Outsourcing Introduction Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions (or processes) to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca Cola that outsourced large segments of its supply chain. BPO is typically categorized into back office outsourcing - which includes internal business functions such as human resources or finance and accounting, and front office outsourcing - which includes customer-related services such as contact center services. BPO that is contracted outside a company's country is called offshore outsourcing. BPO that is contracted to a company's neighboring (or nearby) country is called near shore outsourcing. Often the business processes are information technology-based, and are referred to as ITES-BPO, where ITES stands for Information Technology Enabled Service. Knowledge process outsourcing (KPO) and legal process outsourcing (LPO) are some of the sub-segments of business process outsourcing industry. In 2010, the Philippines surpassed India as the largest business process outsourcing industry in the world. After growing 20 per cent in 2012, the BPO industry of the Philippines is estimated to gross revenue of upwards to $25 billion by 2016. By these estimates, the Philippines' BPO industry will account for approximately 10 per cent of the nation's GDP. History...
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...Careers in Management Consulting The Industry “In essence, consultants are hired advisors to corporations. They tackle a wide variety of business problems and provide solutions for their clients. Depending on the size and chosen strategy of the firm, these problems can be as straightforward as researching a new market, or as complex as totally rethinking the client’s organization.” “If you like the idea of giving advice to other businesses, and you have a particular interest in computers, human resources, corporate communications, mobile communications, health care, financial services, real estate, ecommerce, or some other specialized field, there’s a good chance you can find a position with an organization doing precisely that.” The Bottom Line Consulting is a great long term career for a few people. Not everyone is cut out to be a consultant. Since consulting is a service oriented business, it requires immense people skills and hard work. Types of Firms Elite Management Consulting Firms: Consists of a few top strategy firms including Bain, Booz Allen, BCG, and McKinsey. The majority of the work performed by these firms involves providing Fortune 500 companies with strategic or operational advice. Employees of these firms enjoy high pay and prestige, but work very long hours. Big Four-Affiliated Consulting Firms: Four major firms that join consultants and auditors. These firms are Ernst & Young, KPMG Consulting, PricewaterhouseCoopers, and Deloitte Consulting. The Big Four firms...
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...Case Accenture Accenture began in 1942 as Administrative Accounting Group, the consulting arm of accounting firm Arthur Andersen. In 1989, it launched as a separate business unit focused on IT consulting and bearing the name Andersen Consulting. At that time, though it was earning $1 billion annually, Andersen Consulting had low brand awareness among information technology consultancies and was commonly mistaken for its accounting corporate parent. To build its brand and separate itself from the accounting firm, Andersen Consulting launched the first large-scale advertising campaign in the professional services area. By the end of the decade, it was the world’s largest management and technology consulting organization. In 2000, following arbitration against its former parent, Andersen Consulting was granted its full independence from Arthur Andersen—but it had to relinquish the Andersen name. Andersen Consulting was given three months to find a name that was able to be trademarked in 47 countries, effective and inoffensive in over 200 languages, and acceptable to employees and clients—and that corresponded with an available URL. The effort that followed was one of the largest—and most successful—rebranding campaigns in corporate history. As luck would have it, the company’s new name came from a consultant at the company’s Oslo office, who submitted “Accenture” as part of an internal name-generation initiative dubbed “Brandstorming.” The consultant coined the Accenture name...
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...Business Consulting Paper Brian Williams MGT 527 June 25, 2015 Business Consulting Paper My vision of a company consultant is a third party personnel not affiliated with the client. One who is sent to observe and analyze a client's' performance, process, environment and communications with the mindset of the custome r more efficient and to establish a good client relationship. In doing this, the five phases of consulting are being taken into consideration. The five stages consist of the entry and contracting, discovery and dialog, feedback, and decision to act, engagement and implementation, and extension, recycle, or termination. The consultant begins with the entry and contracting phase. In this stage, the initial contact between the consultant and client begins here as well as, establishing the expectations of both parties. The consultant and client start the discussion on what the problems are, what are the guidelines necessary for reconfiguring if needed and for the consultant to determine if they are right for the job. The consultant is given the initial overview of the problem. By observing the client's everyday work performance and communication process, the consultant is coming up with its comprehension of the clients’ environment. Consultants can determine the personnel and equipment that are going to be involved with necessary in the reconfiguring stage if necessary After the observation of these areas, the consultant provides suggestions how the client...
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