Management consultancy dawned in 1893, back Frederick Winslow Taylor, conceivably one of the aboriginal administration consultants in the world, started announcement himself as an able who could enhance the ability of a business through a alternation of custom-built administration techniques.
In India, this profession bloomed in the backward 1960s and aboriginal 70s back businesses clamoured for specialised services. Initially, administration consultancy was alone bound to areas like accounting manuals, systems, organisation structures, amid others. As the clients’ requirements gradually mushroomed over the years, their eyes confused to players who are chip account providers.
Given the skyrocketing demands for consultancy firms accretion with time and now fast forwarding to today’s avant-garde times, we can see that about every accumulated business is hiring administration consultants for absolute their best circuitous centralized as able-bodied as alien issues. Be it mergers and acquisitions, accretion bounded brand or barrage of new products. Rather, administration consultancy has today become a award-winning career choice, alike for graduates and freshers, who may anytime acreage into the c-suite category.
The industry, back 2013, has witnessed an absorbing boilerplate advance of 6.75 per cent. Today India has over 10,000, both big and baby consulting firms. Adding to it is a ample cardinal of bazaar consulting firms that excel in alms field-specific solutions.
However, these firms are adverse abutting challenges as well, such as ascent completion, accretion unpredictability, growing allegation for new skills, amid others admitting the milestones and absorbing advance figures. Also, clashing added professionals, administration consultants usually don’t get the accepted allowances such as paid vacations, ailing leaves, bloom insurance, to name a few. Besides, consultants do not accept the amusement of several accompaniment and federal laws absorption them from corruption by employers.
How to begin?
For starters, you should acquire a alum amount or equivalent. Next, you should accompany Masters from the top MBA colleges such as XLRI – Jamshedpur, Symbiosis Pune, Christ College—Bangalore, to name a few. Speaking of IIMs, you allegation get acceptable array in the Common Admission Test (CAT). These array will let you into about all the IIMs; be it IIM Kozhikode, IIM Kolkata or IIM Lucknow. Those attractive for advancing MBA from accounted government universities can go for Delhi University, Mumbai University, Pune University, amid others.
These universities, compared to the clandestine or free ones, allegation beneath and yet are acclaimed for accouterment affection education. On the added hand, you can additionally opt for a one-year diploma, if you are planning for a concise program. However, to excel in administration consultancy, you allegation accept accordant acquaintance admitting these degrees. But no doubt, a career in administration consultancy absolutely comes with a able bacon package.
Skills of a acceptable Administration Consultant
Communication Skills: As a administration consultant, you allegation accept amazing admonition abilities to allege to bodies advancing from assorted origins. The abstraction is to acutely explain the strengths and weaknesses to stakeholders and admonition them innovate. Be it centralized or alien stakeholder; chief manager, business developer or anyone with a college designation. You can’t be a acceptable administration adviser if you can’t acquaint your account and admonition to account your stakeholders.
Listening and analytical cerebration skills: Activity to the grassroots of any botheration requires consultants to appropriately listen, brainstorm and appropriately devise apt solutions afterwards analytical thinking. While alert to the problems, you allegation analyze your queries to accept an all-embracing compassionate of the context. Besides, a administration adviser requires acceptable analytical cerebration abilities to accommodate quick solutions to the issues. Hence, it’s a much-needed accomplishment to excel in this domain.
Simplification skills: In this domain, you allegation apperceive how to abridge the massive aperture of problems by breaking them into abate and solvable chunks. This is how you can prioritise the problems that allegation burning absorption and after apply on the rest. This is a bigger way of abutting your problems and absolute them at the earliest. Without simplifying the circuitous problems, you will consistently attempt to appear out with a band-aid on time.
Tech skills: The approaching is activity to be digital. This applies to consultants as well. With transforming technologies and trends, consultants allegation accept the latest technologies methods to bear burning solutions to clients. With the admonition of big abstracts and analytics, a adviser can calmly and bound accumulate all the facts and figures, analyse them and aftermath appropriate and able outputs.
What does the approaching hold?
The consulting industry has apparent cutting transformations till now. It will see more, in the advancing days. And abysmal industry knowledge, specialisation and fast acceptance of trends will consistently comedy a arch role.
Humans go to doctors for bloom advisory. Similarly, businesses go to consultants for solutions to circuitous issues they face every now and then. The approaching seems absolutely able and demands added accomplished graduates to footfall into this field. The youngsters allegation be able with a different set of abilities than the boilerplate professionals. While the rapidly evolving business mural will consistently cull businesses into the riddle of new challenges and opportunities, their success will consistently depend on their capability to advance in the appropriate talents – the appropriate administration consultants.
The biographer is architect & MD, SL Consultants.
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