Consulting is like any other business just that the business of consulting is to make your business better and sound. The overall global consulting business totals to 160.0 Billion $. GCC has clicked 3.0 Billion $ with 9% growth y-o-y and more specifically UAE has reached a figure of 1.0 Billion $ with 7% growth y-o-y. It would not be to your surprise that majority of the consulting assignments are given by Fortune 500 companies. Have you ever wondered or asked, “Why so?” and “Why not SMEs or large-medium size organizations?”. The Fortune 500 companies have reaped the benefits of hiring a consulting service and they have made it a standard practice to continue to do so, for their different functions, problems and assignments at different times.
In a nutshell, you can say that Consulting is a customized professional service to solve the business problems and evolve.
Consulting may focus upon business strategies like expansion plan, mergers, buy outs or management functions like supply chain, processes, cost efficiency, restructuring or new technology adaption like CRM, ERP, Apps etc. The question may still pop up in your mind that why can’t the inhouse team get the desired results? The reality is that resources of the enterprise are limited. Thus, CEOs / CFOs / CTOs may seek help from a consulting firm.