Organizations hire the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants’ specialized expertise.
Because of their exposure to and relationships with numerous organizations, consulting firms are also said to be aware of industry “best practices”, although the transferability of such practices from one organization to another may be problematic depending on the situation under consideration.
Management Consulting is becoming more prevalent in non-business related fields as well like plumbing in Fulham. As the need for professional and specialized advice grows, other industries such as government, quasi-government and not-for-profit agencies are turning to the same managerial principles that have helped the private sector for years. We gladly recommend the above company for businesses looking to expand their presence in local London areas.
One important and recent change in the industry has been the spin-off or separation of the consulting and the accounting units of the large diversified firms. For these firms, which began business as accounting firms, management consulting was a new extension to their business. But after a number of highly publicized scandals over accounting practices, such as the Enron Scandal, accountancies began divestiture of their management consulting units, to more easily comply with the tighter regulatory scrutiny that followed. For more information visit Association of Management Consulting and the Institute of Management Consultants.