Compendium admissions 2023-25
Download 4.08 Mb. View original pdf
|
| Operations Consultants are consultants who help clients improve the performance of their operations Services vary from advisory to hands-on implementation support, for both primary functions (e.g. Production) and secondary functions (e.g. Supply Chain) Financial Advisory Consultants work on all finance related processes from MA and corporate finance to risk management, tax, real estates etc. Most financial consultants work for large combined accounting and consulting firms, or else for niche advisory offices. HR Consultants help clients with human capital within their organizations and / or with improving the performance of the HR department. These include organizational changes, change management, terms of employment, learning & development, talent management and retirement IT (or Tech) Consultants helps clients with the development and application of IT within their organization Contrary to regular IT-employees, IT Consultants work on transition projects like ERP systems applications, system integration etc. 15 Why do companies employ consultants Companies approach consulting firms to get fresh perspectives on intractable problems. Hearing ideas from an independent source is an excellent way to get new ideas for improving business performance. Sometimes, it is more cost-effective and feasible to hire consulting firms to help solve business problems rather than setting up internal teams. Consulting is about solving problems and developing strategies to improve efficiency and performance in businesses or functions. Many consulting firms also use business-related case studies to test candidates' ability to think commercially. Still, guesstimates isolate your core critical thinking abilities from your knowledge of the industry you're hoping to join. This means interviewers can assess how you respond to unfamiliar situations and your raw ability to succeed in the job The skillset of a consultant To check an individual's business acumen, companies/colleges come up with Guesstimate problems and mock Case-based problems in interviews. This is used to test an individual’s analytical skills, problem- solving capability, thought process, structural approach, and innovation. Below are some of the tips and techniques to get an edge over others in such problems i. Download 4.08 Mb. Share with your friends:
|