Myths about Management Consulting
When you think about the word ‘management consulting’, be honest about what you see. Do you imagine someone is an exquisite suite with luxurious trips to the world as they straddle around from one industry executive to the other? Juggling corporations as if they were toys and sailing them through the tempest gathered over the deepest sea in the world?
It is the least bit surprising because this world is no stranger to the house of lies or what we call misleading hearsays with no circumstantial proof or semblance of reason! There is a good chance that anything and everything you hear might never hold ground in reality and is just a couple of excerpts from good old fiction.
Debunking Myths About Management Consulting:
1. Clients are only CEOs and Chief Executive
Many of you might believe that management consultants have an exclusivity established with their crucial clients such as the executive team or CEOs of the major organization when it comes to the industry contacts that they have.
Although this can be true for selective projects and level of seniority this is not the ground reality for the rest of the consultancy body.
It is an unfair assumption that makes small business owners feel uncertain about reaching out to management consultancies who may as well become executives in the near future. More often, you will be working with VP or manager-level clients on a day-to-day basis but they may be as high-end as it is assumed.
2. Living life king’s size
You must have a picture of what consultants’ life must look like, they travel around the world, have stayed at luxurious hotels, and have a very fat pay-check and all of their glamorous lifestyles are covered at the firm’s expense. While this part is partially true, it varies from expertise and number of clients. But they might not feel that they are on a vacation because they are working even when they are traveling so it never really is luxury when it comes to a price.
3. Recommendations are good in theory but not practical and cannot be implemented
That’s a misconception that has been widespread amongst many who believe that there is no such quantitative impact that comes out of management consulting. However, management consultants only provide their expertise on proven and time-tested methods and advice that opens a gateway of opportunities for organizations. These consultants conduct and study various and wide-ranging researches to understand the analytics to identify the factors that will improve their performance and are guaranteed to work. This recommendation goes through a series of formal presentations consisting of statistical and empirical data in the forms of graphs and charts with a detailed proposal to implement with the associated cost.
Some client organizations succeed to implement these recommendations while some save them for some time in the future due to various limitations regarding their implementation. But the point that should not be lost on you is the fact that their job is to consult and your job is to implement. Tried and tested methods do work and some rely heavily on their consultants while some do not rely as much on as others do.
4. Hiring an outsider to act as a consultant is not wise
In actuality, it is the complete contrast, hiring a professional and outsourcing their services help you in overcoming business struggles much more effectively. A lot of the founders have a hard time letting an outsider get into all of the insider trade secrets or sensitive information of their business. This may be the case with those who have not heard much about consultants because their expertise and professional experience will help you understand their effectiveness and standard of service.
These professionals have collected vast amounts of data and experience by working with clients like you. You can easily benefit from the power of this real-time data collected as a result of incorporating the trends along with numerous businesses.
They may as well help you look at things from a completely new perspective, who can look at the bigger picture and identify the errors made in the way of achieving the set goals. As they are not emotionally involved with the business, they help you come with the most objective insights and solutions that would help your company sail through.
5. Consultants do not stick around after they have completed the tasks
This is considered to be one of the biggest concerns of clients who believe that consultants will leave them once the time of working with them is completed and these consultants will no longer care about their progress or development once all of the recommendations, data, and proposals are delivered.
However, here is the truth, every expert consultant would want to stick around for the long term because their job is essential for the longer term since they work at helping you achieve the bigger picture. They tend to stick around till the very end of the journey by staying close to the plan they created to solve the company’s grave issues and remodel it on the set goals.
If you come across those consultants who put a stop to their services and avoid giving you any reliable advice, then you should know that you have worked with the wrong one.
Every management consultant knows that their work will be proposed only if they keep the welfare of their client’s company under a high priority list.