Scribd
Upload
105 views

Gyan Capsule 1 - Introduction To Consulting

This document provides an introduction to consulting. It defines a consultant as a person employed by a consulting firm who is assigned to solve a client company's problems over an agreed upon scope and duration. Consulting requires skills like communication, logical analysis, research, and presentation. Common problems clients face include revenue stagnation, increased costs, mergers and acquisitions, and entering new markets. Consulting provides professional, advisory, independent, commercial, and temporary services to help clients achieve goals, solve problems, identify opportunities, enhance learning, and implement changes. Major consulting firms include the Big Four as well as niche and general management firms. The document concludes with contact information for the Consulting Club at FMS Delhi.

Uploaded by

Bipin Bansal Agarwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
105 views

Gyan Capsule 1 - Introduction To Consulting

This document provides an introduction to consulting. It defines a consultant as a person employed by a consulting firm who is assigned to solve a client company's problems over an agreed upon scope and duration. Consulting requires skills like communication, logical analysis, research, and presentation. Common problems clients face include revenue stagnation, increased costs, mergers and acquisitions, and entering new markets. Consulting provides professional, advisory, independent, commercial, and temporary services to help clients achieve goals, solve problems, identify opportunities, enhance learning, and implement changes. Major consulting firms include the Big Four as well as niche and general management firms. The document concludes with contact information for the Consulting Club at FMS Delhi.

Uploaded by

Bipin Bansal Agarwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 7

)

Introduction to Consulting
- Consulting Club, FMS Delhi

Contents
Who is a Consultant ?

Features of Consulting

Purpose of Consulting

Consulting Firms

Contact Us

Who is a consultant?
A consultant is a person who is employed by a firm and who is assigned to a company to solve their problems. This may include
engagement by consulting firms or by in-house consulting divisions. The other company is a client of the consulting firm. Consulting projects
have a agreed upon scope of work and duration. The consultants employment agreement is with the consulting company. The consultant is
generally required to work out of the clients place for at least a part of the project if not the entire project duration.

Skill Sets Required


Communication

Consulting look for individuals who can communicate effectively with the client as well as with his
team to effectively co-ordinate work streams

Logical Analysis

Consultants should have good data analysis skills and be able to draw logical conclusions from large
data sets and put forward actionable suggestions backed by numbers and facts

Research
Capabilities

Consultants are generally required to foray into problems they have very little idea about. Helping
clients in those cases requires good research techniques

Presentation

Project proposals, status reports, final presentations have to be presented to a wider audience and
requires exceptional presentation skills to keep them interested

Project Examples-Problems Client Face


Revenue Stagnation

Increase in Costs

Mergers and Acquisitions

Entering New Markets

Outsourcing Assignments
.and many more

Features of Consulting
Professional Service

Advisory Service

Management Consulting provides technical knowledge and


skills relevant to practical management and business
problems. A consultant accumulates, through study and
practical experience, considerable knowledge of varying
management situations, and skills needed for solving
problems, improving organizational performance and sharing
experience with others.

Consultants have no direct authority to decide on changes


and implement them. Their responsibility is for the quality
and integrity of their advice; the clients carry all the
responsibilities that accrue from taking it.

Independent Service

Temporary Service

Consulting is an independent service. A consultant must be in


a position to make an unbiased assessment of any situation,
tell the truth and recommend frankly and objectively what
the client organization needs to do with detachment

Clients turn to consultants for help to be provided over a


limited interval of time, in areas where they lack technical
expertise, or where additional manpower is temporarily
required

Commercial Service
Consulting firms are sellers of professional services and
clients are buyers. Consulting firms are businesses in their
own right.

Purpose of Consulting

Achieving Organizational Purposes and Objectives


These goals may be defined as sectoral leadership, competitive advantage, customer satisfaction, total
quality or total productivity, corporate excellence, profitability etc

II

Solving Management and Business Problems


The term problem is used to describe a situation where there is a discrepancy between what is actually
happening and what should or might be happening. Therefore a problem can only be described in relative
terms, as a difference between two situations.

III

Identifying and Seizing New Opportunities


Apart from troubleshooting, organizations which are successful and well-managed may call in
consultants for tracking back deviations that have taken place, finding the reasons for them and
correcting them.

IV

Enhancing Learning
Many clients turn to a consultant to acquire special technical expertise. They gain knowledge about
methods used in assessing organizations, identifying problems and opportunities, developing
improvements

Implementing Changes
Consultants are labeled as Change Agents. They help client organizations to understand change, live
with change and make changes needed to survive and be successful in a continuously changing
environment.
4

Consulting Firms
Big Four Consulting Firms

Firms that started off as auditors but currently hold large consulting practices

Other leaders

Niche Consulting Firms

General Management Firms

Consulting Club Contacts


President
Gaurav Kumar

[email protected]

09650755322

Executive Members

Ankit Agarwal
Anura Gupta
Garima Madaan
Mehak Kapoor
Pooja Pai

[email protected]
[email protected]
[email protected]
[email protected]
[email protected]

Others

[email protected]
https://www.facebook.com/TheConsultingClubFMSDelhi

08588999076
09818679530
08588849174
09990012224
08588899108

You might also like