Business Consulting
- Business consulting is typically relevant and leveraged during the infant or formative phases of a new venture at a time that significant growth is envisioned or anticipated. A business consultant deploys his expertise to formulate and design the requisite structure and processes so that the targeted business can work efficiently and effectively, legally, and ethically, in a productive and profitable way. In the context of growth and expansion, a business consultant can provide capacity-building or capacity-development technical assistance in this regard. Business consultants typically have both strategic and operational expertise and experience and can provide professional and technical assistance at both levels and hence can customize the professional and technical assistance for businesses across a diversity of social and economic sectors.
- Business consultants can conduct a comprehensive situational analysis of any business as well as to provide an objective needs assessment of current enterprise-wide systems, and craft improvement approaches and processes to enhance efficiency and effectiveness with significant cost savings. Business consultants are versatile and knowledgeable in several functional areas—production, human resources, marketing, etc.—and can provide a range of skills and competencies to support business growth and development.
- Business consultants may also tend to work with founders, founding partners, business owners and top management teams and bring a range of business expertise including a high level of awareness and sensitivity to the economy and market and external variables, enabling them to inform, guide, and execute the best approaches and strategies that maximize profits or yield the most returns.