Why Experienced Global Business Management Consultants Are a Business’s Key Asset

Companies should look for a consulting firm that is capable of supporting them through all the activities that are required to support strategic change. Short of that, companies are faced with the undesirable task of finding additional consulting resources that are a fit with their culture and their needs.

Below are some benefits that a well-rounded and experienced business management consultant brings to a business.

Enables a business to expand its reach

The implementation of lean organization structures has reduced the number of people in a company who are capable of supporting complex one of projects. A seasoned and full service consulting partner provides the bench strength needed to properly plan and implement these projects. Some examples include:

Analyzing the best supply chain footprint for your company

In the past three decades, US-based companies outsourced work to Asian regions because these countries provided a cost differential of more than 80 percent when compared to the costs in the US.

Understanding how this affects your company provides a strategic advantage in the marketplace.

Management consultants who specialize in near shoring will study a business (its total cost of ownership) and will assist its stakeholders in preparing and implementing supply chain strategies that maximize profitability, responsiveness and minimize working capital requirements.

Planning US-based businesses

Despite having one-third of the total world GDP, the US attracts only a small percentage of foreign businesses who are interested in expanding their served markets. Most foreign businesses look for distributors, manufacturer’s representatives, etc to hawk their products. That is chiefly because many business owners are unaware of the trade policies, culture and buying behaviors of the markets in the US.

Nevertheless, these businesses should take up the assistance of a global management consulting firm to develop effective strategies for serving American markets.

Improving operations

Businesses are constantly dealing with competitive headwinds and that is especially true for foreign-own businesses. Often they don’t understand how to boost efficiency, increase market share and optimize their product portfolios. Consulting firms who understand local markets can be their in-country partner to stream line operations, grow sales and increase profitability.

Assist in manufacturing, sourcing and distribution

Consulting firms who specialize in manufacturing have a primary aim of making a client’s manufacturing, sourcing and distribution cost-effective, sustainable, profitable and scalable.

They can help companies achieve double-digit improvements in key business metrics and reduce operational costs. A manufacturing, sourcing and distribution consultant stream lines a business’s supply chain to ensure speed to market and optimized human and financial capital by assessing:

Product management
Business optimization
Organizational design and development
Vendor management
Process redesign
Value stream mapping
Continuous improvement
Logistics and distribution
Supply chain effectiveness

Many management consulting firms are not capable of providing this level of support throughout an entire project so it is important to choose a consulting firm who can, otherwise there is a loss of planning and implementation continuity.

Aid in capturing market share gains

For many businesses, especially middle market companies, it is hard to keep tabs on everything ranging from product management to customer feedback to optimizing a supply chain. It is a lot of work. The lean nature of today’s business organizations are often overwhelmed with managing day to-day activities so planning for the future and implementing those plans is often given a lower priority.

Many companies choose to engage an expert strategist/consultant to help them plan for the future. For improving its’ market effectiveness, a business should hire a management consultant to create and implement strategies for:

Product/service roadmaps
Portfolio management
Product/service marketing and sales techniques
Product revenue life cycle
Sales effectiveness

Focusing on organizational design and development

Every business is focused on exceptional performance and to set new benchmarks of excellence. In order to do that, organizations need to have the requisite knowledge of leading and managing employees, vendors and other stakeholders.

Businesses that have built a sizeable workforce and an extensive network of vendors requires organizational development consultants to help create organization strategies to manage organizational complexity.

Unlike a project that is focused on fixing a specific issue, organizational development requires a more holistic approach. Successful organizational development consultants deploy assessment programs and undertake a series of continuous improvement workshops to help companies understand their strategic and operating gaps and to develop the appropriate skill sets inside the organization. By doing so, they can improve the performance of a business’s workforce and ensure sustainability.

In general, an organizational development consultancy will work with a client to create programs that are focused on:

Strengthening a business’s cultural environment
Ensure compliance
Revamping staffing, hiring and recruitment processes
Analyzing change readiness in a workforce
Improve organizational design

Consulting companies are bench strength for a company when they have a need to quickly and effectively implement change. A full service consulting firm is capable of helping a company understand its’ strategic and operating gaps and work with the leadership team to design and implement programs to deal with them.

The Importance Of Time Management In Business Management

Time is an essential part of business management. It is one of the most important resources for you and the people within your team or organization. Together, time management can help propel an organization to success while providing business management a tool to also improve in this essential skill to have.

For most people time management is as great as having an alarm clock to get up. Zig Ziglar says that it should be called an opportunity clock, as it gives us an opportunity to get up! An alarm clock is as far as time management goes for most people, even in business management.

With 24 hours in a day, we have a large amount of time and it is easy to look at that and not see the essentials for managing time. You see even with an hour gone by, so much more could have been accomplished.

While waiting the whole week to complete so a project could be completed, correct time skills could have helped complete the project in the day or even the hour! And how is that for business management!

Time management is a vital skill for both business management to run the organization and for themselves personally as knowing effective skills in time management enables you to become a very valuable person.

Bill Gates has as much time as you have, so there is so much more that can be done. Though not many people strive to reach such a lofty place or goal, in business management, time is a resource that is essential for any kind of success.

We have skills in management, and more we add to those skills, the more effective we become and so do the results we produce.

Is it feasible to say that your range of skills, enhanced, can enable you to be twice as effective, five times as effective or even 10 times as effective? You bet you, and this is the benefits of learning good time management strategies and skills.

To learn time skills, there are books, training programs, seminars and DVD’s as well as other training material options that can enable you to increase your time skills. If you are in business management and studied business, you likely did not learn these skills and the learning is something that has to be done by you.

Business Management – Top 4 Mistakes

If you are a business manager then you will know the importance to company productivity of effective business management. However, business process management software and financial management are only one part of the task. The best way to go about business management is to make sure that the staff you lead are happy and have clearly defined goals. With great people skills, effective management is a hard task to accomplish. If you are struggling to meet the demands of your business management obligations, then here are some tips about how you can improve your management skills.

1. Not changing from a worker to a manager

If you have recently moved into business management, then it can be tough to make the transition from ordinary worker to manager. Although you want your employees to feel that you can identify with them, you need to remember that you are now in control and have more responsibilities than before. For effective business management you have to think about more than just your own needs and expectations, and begin to be responsible for your team as well. If you can do this, then you will make the transition from worker to manager more easily.

2. Not setting clear goals and expectations

Although you might know exactly what your team should be doing, unless you tell them what you want they will be left goalless and unproductive. For business management processes to work, you need to clearly define your expectations and goals to your team. If your employees cannot see the goals they need to attain, they will have no sense of achievement or of where their work is taking them. If you want your employees to do more than simply pick up their wages each month, you need to use clear goal setting as a major part of your management strategy. These goals should incorporate not only the expectations of each person, but the goals for the use of business process management software and future financial goals.

3. Not enough delegation

You might think you can run the business on your own, but this just isn’t true. Perhaps the biggest business management mistake is a failure to delegate duties to other employees. The attitude that ‘if you don’t do it yourself it won’t be done right’ will only make your working hours spiral out of control, whilst leaving your employees feeling unappreciated and unmotivated. Trust your employees to carry out the tasks you set them, and use your talents in business management and leadership to push the business forward. The more you delegate duties, the more time you will have to control your management actions and make the team work more efficiently.

4. Failure to learn

What worked five years ago might not work today, and so you need to stay up to date with the latest business management techniques. This is particularly true in the areas of financial management and business process management software. Keeping business process management software current will allow you to stay competitive and keep efficiency levels high. Don’t be afraid to learn new techniques and embrace technology. If you do this, you will find that your management skills will improve and your team will remain effective for many years to come.

Julie-Ann Amos is a freelance business writer, and owner of exquisitewriting.com on business and property investment. She recommends [http://www.singingpig.co.uk] as one of the most effective sources of information for small businesses and property investment. Their property investment forum is a place to find information hard to locate elsewhere.

Effective Business Management Is All Encompassing

Effective business management encompasses every aspect of your business, from conflict and change management to performance management and careful planning. Those companies and corporations that practice good business management understand that changes in individuals, managers and the work environment often evolve, and that even the smallest things can have an impact to the success and profitability of the company. The difference between those with successful, profitable businesses and those who falter is being able to adapt to and manage these changes.

Today, good business administration requires that executives and leaders understand the process of change and how it affects the work place. It is essential that those in authority realize the importance of leadership in managing change, as well as how employees react to change. Business management is only effective when great leaders are able to communicate messages that decrease employee’s resistance to change, and assist in encouraging individuals to move through change in a positive manner, so that problems can be avoided.

Dealing with conflict is another aspect of good business administration that must be addressed. There are many types of conflict that may occur in the work place; in business management, managers and leaders realize that conflict can arise in many areas, from difficult employees to hostile customers or resentment issues. Those in positions of authority understand when it’s in the best interest of the company to cooperate, how to communicate effectively, and how to manage conflict. They also know what steps to take to prevent conflict altogether in many cases.

In effective business management, resolving conflict takes skill and negotiating skills as well. Effective leaders know how to use positive language to change other people’s impressions, how to listen, and how to differentiate between good conflict and bad.

Performance is another area that falls under exceptional business management. Performance management covers several areas, from employee discipline and job evaluation to appraisal or review of job performance in regards to salary increases. Managers must be able to determine the cause of problems in performance, which can be difficult to diagnose.

Strategic business planning, leadership and customer service are also essentials of managing any business effectively. In order to stay competitive and profitable in today’s business world, it is necessary to know what direction the company wants to go, and how to reach that goal even amidst constant change in the business environment. Continuity planning is another area that should be addressed in business management; it would be catastrophic for a natural disaster or other disruption to destroy a business that has been nurtured to a successful and profitable level.

This is just the tip of the iceberg regarding business management. Today, thriving, successful companies and corporations realize that the key to remaining profitable and competitive in the market place often boils down to effective business management in every aspect. Superior leaders, excellent communication, and the ability to adapt to change are all essential in good business management.

Hakan Samad Graduated in University of Washington, majoring in Business Policy, International Business, Organizational Behavior, Business Communications, Consumer Research, Managing Information Systems, New Media Communications and business Leadership.

He is now a Freelance writer who is passionate about authentic relationships between consumers and brands. He had 10 years of experience from retail channel planning to product marketing; He is currently a Freelance writer for few business websites and now resides in Kuala Lumpur Malaysia.