Best Management Consulting Firm Nigeria
What is management consulting?
According to Wikipedia, management consulting deals with the practice of aiding organizations in improving their performance. Consultancies may provide business organizations with organizational change management assistance, development of coaching skills, financial advisory, process analysis, technology implementation, strategy development or operational improvement services, bookkeeping and accounting services to small, medium and large organizations.
At Business Cardinal, we are the best management consulting firm in Nigeria
Responsibilities of a Management consultant
As a management consultant, the following are the responsibilities that are expected of you:
- Define Complex Challenges or Problems
As a management consultant you are to provide solutions to complex problems faced by businesses because as a business grows, the more challenging it becomes. You are meant to identify and define these problems faced by the business organization. Take for example, a retail toy store may be wondering why they are not making sales or attracting customers to their retail store.
The business owner may not be aware of the cause of the declining sales and this is where the business consultant comes in to define the problem by identifying where the problem of the business lies and working towards implementing an effective solution
- Implement a structured approach
Once the problem has been identified by the management consultant, the consultant can now procced to use their problem solving skills to create a working solution. Management consultants may proceed to use various measures, processes and technologies to assess the business challenges and implement possible solutions. Another important part of the problem solving process is observing the practices that are adopted by the business.
- Recommend Action Plans
After implementing a structured approach during the analysis of the business, the management consultant will recommend an action plan that the business will adopt for its improvement. The consultant would work in collaboration with the business owner. The action plan will need to match the needs of the client. The final action plan will largely depend on the operations of the business.
- Evaluate and Test Proposed solutions
After the action plan has been implemented, the management consultant will watch and evaluate the success of the business organization overtime. Visits will be made and data will be collected and collated in order to make sure that the recommended solutions are actually working for the business
Common types of Consulting Firms
The following are the common types of consulting firms:
- Business strategy Firms
Business strategy firms deals with long term planning. They advise businesses on reorganizing their company structure, best location that suits the business etc. these firms also aids with product decisions and company appraisal.
- Financial Consulting Firms
Financial Consulting Firms are common in Nigeria and other parts of the world. They advise their clients on best suitable budgeting practices, revenue and profit planning, and investment decisions that will be adopted by the client’s business. Financial consulting firms also analyse a business relevant financial statements, file corporate tax returns to the relevant tax body, recommend daily operations, financial advice and administrative techniques. They ensure that their client’s company are financially stable and they do not run into debt
- Human Resource Firms
Human resource firms deals with talent recruitment for organizations which has been an area of concern for business organizations. Companies want to ensure that they hire the best and competent talent without having to spend too much time and resources on the recruitment stage. Human resource consultants provide advice on how business can manage their personnel and get the best out of them. They also propose plans that covers job enrichment programs and the evaluation of workers across various industries
- Marketing firms
Business that are looking to grow and expand their outreach often hire marketing consultants. These consultants provide insights into the current marketing conditions and recommend approaches for attracting new customers. Marketing firms carry out extensive market research, product development, and sales forecasting which will be tailored towards the needs of customers
- Information Technology firms
We are in modern times and various industries are adopting technology inclined software and measures to save time and ease their work. Information technology systems are used to drive manufacturing, provide better services to customers and collect important data. . As an Information Technology consultant, you will work with clients to implement technological transformations, Customer Relationship Management systems, or other applications that can boost efficiency.
- Independent Consultants
Management consultants who have years of experience in their field are often end up establishing their own private practice. Business Cardinal is a perfect example of an independent consultant that indulges in financial consulting, human resource consulting, marketing consulting, business strategy consulting etc. Independent consultants work with more flexibility because they have control over their work.
ADVANTAGES OF HIRING A MANAGEMENT CONSULTING FIRM FOR YOUR ORGANIZATION
The benefit of using the services of a management consulting firm to make the clients business operations efficient and profitable. Some of the advantages include the following:
- Utilising the knowledge of experts
When a company hires the services of a management firm, they hire the firm for the wide array knowledge and expertise in order to provide solutions for the organization challenges. Management consultants have the years of experience, education and skills that will enable them decipher the problem easily because they have worked on similar challenges in different organizations and they have the experience to handle the problems of your organization
- A different perspective to look at problems
Management consultants will look at the problem and challenges faced by an organization from a different perspective. They give solutions on the basis of the skills and knowledge that they have. It is important to use the services of a management consulting firm to get a fresh point of view to look at problems in order to improve business and enhance the profitability of the business
- Lesser time spends on taking important decision
By using the services of management consulting firms, management can save time as some of the business management functions are being carried out by the consultants. This will allow the business organization to focus on other activities and operations. This will also save the costs of hiring an employee which includes the expense of recruitment, training, salaries, medical benefits and other important benefits. Therefore, taking the services of a management consulting firm will help you to tend to the problem fast and there will be low risks and no wastage of money
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- Good for accomplishing short term goals
Hiring a management consultant for your business is beneficial for planning of short term goals of the organization. These short term goals of clients may be recruitment exercise, training existing employees, preparation of strategies, execution of strategies, organization and prioritization of schedules etc. Doing these tasks without the help of a consultant may place a burden on the organization and its employees.
- Making use of new skills
Using the services of a management consulting firms will provide information on market trends, methodologies, skills and using this knowledge to enhance the business of their clients which will enable them stay ahead of their competitors.
- Helpful in exploring new market
Another benefit of taking the services of a management consulting firm is that the company can easily explore new markets segments without the fear of financial loss as they can get expert’s guidance to adventure in the new market. This is why it is advisable to take the opinion and the help of management consultants before making a huge investment in a new market. Management consultants have the skills to see the future of the market and they also provide information on the pros and cons of endeavouring in a new market.
Business Cardinal is a management consulting firm with over 20 years of experience in helping organizations improve their performance. We provide a variety of management consulting services to a number of individuals, government agencies, and businesses whether small or large and various companies across the country. We have a professional team with vast experience and various certifications whose responsibility is to make sure that our clients’ needs are met in accounting, recruitment, bookkeeping, taxation, administration etc.
Our management consulting services are key to the growth of your firm, there are many businesses that with promising prospects that have failed because the owners did not implement the right strategies and measures to help it succeed.
At Business Cardinal we provide the following management consulting services:
- Industry-specific business model transformation
- Financial consulting
- Business function transformation
- Finance and enterprise performance
- Supply chain
- Sourcing and procurement
- Talent and organization
- Sales and customer service
- Strategy & Operations
- Transformational Program Management
- Financial Management
- People & Change Management
- IT Advisory
- Business strategy
- Service Providers
- Oil & Gas
- Government agencies
- Health Care
- Finance & Insurance
- Real Estate
- Professional & Technical Services
- Trade: Import & Exports
WHY YOU SHOULD HIRE US-The Premier Management Consulting firm in Nigeria
You should hire Business Cardinal as your Management consulting partner because of the following reasons:
- We will help you save time and cost
Time is the essence of an organization and Business Cardinal will save your resources by strategizing various schemes that will save huge time and will also allow the burden to lie on the consulting firm to make and execute plans. This will also allow your organization to focus on better
- Knowledge and Proficiency
Business cardinal have employees and staffs with over 20 years of experience in management consulting dealing with various organizations from a wide array of sectors. Our team consists of Experts, Strategists, Accountants, and Lawyers that are ready to tackle your problem and provide an efficient solution. Our team is filled with experienced professionals that have in depth knowledge that will ensure that your business needs are meet.
- Enhance productivity
Our main goal at Business cardinal is to increase the productivity of your business organization by providing guidance, communication, knowledge and collaboration that will aid your business in increasing their productivity in all areas by providing the right strategy.
- We allow you focus on the core functions of business
We allow your business to focus on the chief activities of the business while we analyse and guide the companies to adopt various schemes and strategies that will improve the working capability of an organization. Our team of experienced and skilled Lawyers, accountants, salesmen, executives, focus on achieving the target in stipulated time
- Privacy and Security
We always ensure that the information and data collected from our clients are highly secured and confidential. We do not disclose such to a third party which in turn protects our clients
The cost of our management consulting services vary for different types of businesses whether small, medium or large. Our services are cost effective and affordable
We deliver our management consulting services quickly and we get the job done efficiently
- Implementing the business strategies
We aid organizations in executing plans by ensuring that it is beneficial to the growth of the organization.
At Business Cardinal, our practice has to do with providing management consulting services that will offer solutions to the problems faced in your organization, performance and growth. We have a team of management experts and advisors readily available to look over the needs of your business organization. This is why we are the best management consulting firm in Lagos, Nigeria. For more information on our management consulting services, please call us on 08023200801, 08075765799, Email: email@example.com[contact-form-7 404 "Not Found"]