Management consulting includes a robust set of practices whose purpose is to optimize how senior personnel manage teams, projects, and departments on a day-to-day basis. This is a very important subset of consultancy work as it deals with how the company runs from the top-down. Management consultants are usually former senior executives with years of management experience, and often work with internal business strategists to help set up a comprehensive blueprint that defines long-term management goals.
Additionally, management consultants often use robust management consulting frameworks and case studies to help managers be more aware of industry best-practices and the most effective management methodologies.
Management consultancy frameworks are often used to assess several factors that can influence how management directs the company, including benchmark comparisons with competition, market entry feasibility, optimizing game organizational structures, IT component ROI, personnel team restructuring, asset management, and opportunity costs, among other factors.
The end-goal of management consultancy is to optimize the management methodologies in use so that the business operates in a better and more efficient manner.
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