“Our business philosophy helps you enrich your business”
The way enterprises conduct business has drastically changed over the last few years. The scope of management consulting is vast and dynamic.. Assisting businesses in enhancing their performance by analysing the present-day complications and fabricating a strategy for development, It covers under its gamut miscellaneous services to be performed by any organization for systematic and effective functioning of its business operations Services of management consultancy are required for diversified reasons including securing external guidance as well as accessing consultants’ area of proficiency. The disruption and opportunities enabled by technology evolution is unimaginable. The increased competition due to lessened entry barriers, democratization of business models and sheer wave of start-ups and entrepreneurship is forcing companies to remain competitive.
Doing business in an era of increased competition requires enterprises to be cost efficient in operation, innovative in product or service delivery, professional in approach and organized in management. On the other hand, Governments and regulators have tightened compliance requirements across the globe seeking more visibility and disclosures from businesses. In nutshell, organizations, whether small or large are exposed to several risks such as market, legal, financial and operational. Assessing and taking risk mitigating measures are fundamental to growth and survival in an increasingly complex business environment.
Through our gamut of advisory services, we have assisted companies to live up to their true potential, better exploit their strengths, accelerate growth, improve productivity and efficiency, enter new markets as well as improve compliance track record.
We offer three advisory services that regulates every aspect of the organization. Finance & Compliance, Standard Operating Procedures, Capital Budgeting strategy.
Finance & Compliance
- Internal Audit
- Accounting SOP design
- Organization Design
- Performance Audits
- Cost Audits
- Performance Management Systems
- Financial Advisory Services
Capital Budgeting Strategy
- Investment Advisory
- Valuation
- Merger & Acquisition
- Project & feasibility Studies
- Market Entry Strategy
- Strategy Development
- Marketing Strategy
- Organizational Design
- Franchising
SOP Designing and Implementing
- Analysing current SOP in operation
- Designing SOP – operations
- Monitoring and reviewing SOP
- Performance Management Systems report
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FAQs
What is management consulting?
Management consulting is the practice of serving companies to improve their production. The scope of management consulting is vast and dynamic. Services of management consultancy are required for diversified reasons, including securing external guidance and accessing consultants’ areas of proficiency. Management consultancy approach is integrated to tackle with all the aspects of running of an entity viz throughout thorough planning, practicality, outsourcing, compliance outsourcing as well as transactional services.
What are the stages of management consulting?
The seven stages of management consulting are:
- Clarifying client expectations
- Briefing and building the team
- Preparing the thinking
- Conducting the analysis and managing the data collection
- Driving the synthesis, preparing communication and key presentations
- Coaching the client to lead the implementation and developing change agents
- Managing client expectations and closing the engagement successfully
Management consultants are experts at making sense out of complex business data. They don’t take over the day-to-day decision-making in a business. Instead, they provide additional support to the decision-making process. Although the executives tend to be tied up in daily operations, management consultants can take a more in-depth approach to solve current issues. They can collect data from your day-to-day operations and uncover what the numbers tell. Most companies perform at a sub-optimal level, knowing that there is room to grow but not knowing how to begin. Management consultants reveal these shortcomings and propose improvement solutions. Thus, the role of consultants becomes very valuable to their customers.
What is the problem-solving approach?A big part of management consulting involves taking a strategic approach to problem-solving. By prospecting all angles to a specific challenge, consultants can provide more valuable and practicable solutions to their clients. Most consultants follow five main steps when addressing a business problem. The steps are as follows:
- Defining the problem
- Deciding on the approach to take
- Collecting and analyzing data
- Presenting recommendations
- Follow up: were the recommendations successful?
- Natural influencer
- Intuitive communicator
- Detail-oriented
- Emotional intelligence
At Marsooq & Co, we provide the following services under management consulting:
- Business planning
- Transaction advisory
- Valuation of businesses
- Due diligence
- Feasibility assessment
- Internal restructuring consultancy
- Standard operating procedure (SOP) development
- Strategic planning and consultancy