Zinnov

In 2017, business management consulting services in India reached a whopping $11.5 billion in revenue, while the global market was pegged at roughly $139 billion. The current and following years are expected to show continuous growth, placing the consulting business at the forefront of some of the fastest growing sectors. Businesses around the world and across verticals are turning to Management consulting companies in order to improve and transform their businesses. In this dynamic business environment, the understanding that time is money has never been more realistic, emphasizing the need for agility. Managers understand that it’s impossible to keep up with the changing market trends, including technological advancements, consumer behaviour, social media, and rising competition. As such, it’s more strategic to hire a business consultant – someone with niche knowledge and expertise to help the organization in devising strategic plans and outlining the future roadmaps. But why...

Whatever be the industry, it is important for businesses to identify problems, develop a strategic plan of action, and implement the solution to stay relevant. Most businesses today are on the lookout for experts who can provide them with an outside in assessment . Internal resources of an organization may lack the required skills, expertise, and time to execute crucial projects, which require sustainable solutions. This is where management consultants play a significant role in businesses.  Here are a few ways in which consultants add value to organizations.   1. Contribution of new ideas An expert Business Consultant brings in fresh, innovative ideas to the table that haven't been explored yet by the organization’s internal resources. These external ideas provide a new approach to creating solutions underscored with creativity. This often helps tackle problems by doing away with tried and tested methods, while exploring newer, innovative ones. 2. Enhan...