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Consulting Firms & Strategic Management: Short Intro
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Posted On :
Feb-07-2012
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Article Word Count :
547
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These firms are in constant touch with different industries and this makes them an expert in knowing the current business trends and the best practices across the business. This is the reason that these firms are able to make decision and provide expert advice
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Consulting firms are mainly focused on helping other organizations to improve their performance. This is done by analyzing the current business scenario of the organization. The main aim for these firms is to analyze the existing problem in their client company and suggesting the solution for the problem and make improvements in the process. The parent organizations rely upon the consulting firms for many reasons that include the external expert advice from them. These firms are in constant touch with different industries and this makes them an expert in knowing the current business trends and the best practices across the business. This is the reason that these firms are able to make decision and provide expert advice.
Strategic management is the process wherein the big wigs of an organization take decision on behalf of the owners; sometimes the owner is also involved. The decision is taken in terms of the resource and time management to maximize productivity of the company and earn more profit as well as to remain competitive in the market. This is a process in the manager level and is done by keeping the set goal and other tactics in mind.
The group that is accountable for thestrategic management is not only from the management group but also from the Board of Directors and major stakeholders are also involved in this. However, this process is greatly dependant upon the organizational structure. The size of the organization and the need of the change in business model highly influence the move of strategic management. The measurement of the move is done by taking the effectiveness of the decision into account.Consulting firms are mainly focused on helping other organizations to improve their performance. This is done by analyzing the current business scenario of the organization. The main aim for these firms is to analyze the existing problem in their client company and suggesting the solution for the problem and make improvements in the process. The parent organizations rely upon the consulting firms for many reasons that include the external expert advice from them. These firms are in constant touch with different industries and this makes them an expert in knowing the current business trends and the best practices across the business. This is the reason that these firms are able to make decision and provide expert advice.
Strategic management is the process wherein the big wigs of an organization take decision on behalf of the owners; sometimes the owner is also involved. The decision is taken in terms of the resource and time management to maximize productivity of the company and earn more profit as well as to remain competitive in the market. This is a process in the manager level and is done by keeping the set goal and other tactics in mind.
The group that is accountable for thestrategic management is not only from the management group but also from the Board of Directors and major stakeholders are also involved in this. However, this process is greatly dependant upon the organizational structure. The size of the organization and the need of the change in business model highly influence the move of strategic management. The measurement of the move is done by taking the effectiveness of the decision into account.
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Article Source :
http://www.articleseen.com/Article_Consulting Firms & Strategic Management: Short Intro _145256.aspx
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Author Resource :
For more information on consulting firms, check out the info available online; these will help you learn to find the strategic management!
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Keywords :
consulting firms, strategic management,
Category :
Business
:
Business
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