Tuesday, May 24, 2011

Benefits of Hiring a Management Consultant: Part 2

Last week I discussed how the emotional benefits of the management consultant. What are other  benefits?

Running a business is becoming more and more complicated over the years. Someone, say a business owner, cannot know everything about everything. Moreover, it is very difficult to have on board people who know everything about everything as that expertise and knowledge might be in demand only once a year.

This is particular true about SMEs as they have allocate their resources wisely. It is here where the management consultant can come in. They could come on board at the moment when their knowledge and skills are required, do their job and move one. This is cheaper than hiring a specialist full-time, more efficient as the management consultant would be an expert in their field.

For example, my professional expertise lies in the field of management audit, operations and process management and marketing research and survey. Thus, the other benefit is management consultant's knowledge and expertise.

Next week I will reflect on management audit and why it is important.

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