A business that has existing problems must have a way to plan the developmental stages of improvement within that company. Seeking the assistance of a management consultant allows a company to create an improvement for their performance. The need to hire a good consultant can be temporary for projects that do not require a permanent employee. This need can also be for the purpose of using that specialist´s skills when necessary, as well as from the necessity of looking at a company from the outside in as an assessment, and using that advice to create better performance for that company.
A concern with these consulting is the specialist’s ability to transfer methods from one organization who has been able to create an idea of best practices in that industry to another organization. The effectiveness of a specialist in the ability to do this transfer of best practices is up for debate based on the varying needs of one organization to another, but the experience this position creates by the exposure to hundreds of organizations creates a valuable expertise to draw from. Guiding businesses in isolating problems through the use of their own techniques provides a management consultant with the ability to recommend efficient or effective ways of performing tasks for a business.
Management consultants assist their clients with problem-solving in two ways. The first way is as a specialist and expert that handles problems with little interference or input from the client. In this way, specialists are able to analyze problems and create plans of action that are implemented without the client being involved. The second way is as a facilitator, maintaining a focus on how a plan is created and the actual process of finding solutions. This method of those consulting allows the client to be hands on and involved with the solutions process because it requires the client to implement the plan based on the specialist´s advice.
Management consulting is growing in a large way, but because it is tied closely to the conditions in the economy it has shrank in 2001 – 2003. Since 2007, the growth in this industry is on the rise again and the projected global revenues are looking very good. The four main categories of firms for consulting are organizations that are large and diversified, large strategic consulting and management specialists which do not have a specialization in any particular industry, IT consultancies that have more of a boutique structure but offer technologies and services that larger companies offer, and small firms with a boutique structure with a more specialized area of expertise.