Consulting Context Theory and Practice

This report discusses the different types of consultants and the advantages and disadvantages of being a consultant. It covers the scenario about consulting services and how consultants can determine whether a business is secure or insecure. It also provides methods to work with or address insecurities that small organisations face. The subject is Consulting Context Theory and Practice.

Consulting Context,
Theory and Practice

Table of Contents
INTRODUCTION .........................................................................................................3
Consulting is an insecure business ...........................................................................3
CONCLUSION .............................................................................................................8
REFERNCES:................................................................................................................9
Books and Journals:...................................................................................................9

INTRODUCTION
The term ‘consulting’ is frequently used in every area and field of business.
When one hears this term, the first thought that comes to mind is advising a business
or organisation on its corporate strategy (D’Aiuto et al., 2021). More precisely,
consulting means providing advice to people who work in a certain field. A consultant
is a person who gives advice to a certain group of individuals (Buchanan and
Badham, 1999). The following report covers the scenario about consulting services
and how consultants can determine whether a business is secure or insecure.
Consulting is an insecure business
A consultant is an entity or business that is focused on rendering expert advice to a
certain group of individuals or organisations. However, consulting is more than
simply offering expertise on something. All consultancies face a throng of tasks and
must adapt to each client project and each sector and industry (Fincham, 1999). At the
first stage of establishing a consultancy arrangement, an organisation will approach an
advisor or consultant and ask if they can provide relevant data, such as market
analysis or cost or behavioural studies or surveys. Moreover, consultancies offer the
expertise that a company lacks, offering the benefit of an independent, external, and
objective perspective on a client company’s issues. A consultant plays a key role
about the solving issues and problems and providing suitable recommendations
(Gutmann, 2018). Furthermore, the role of the consultant involves providing the client
effective skills and capacity to address the possible development of the issue that the
company is confronting and providing on the basis of the dynamical aspects. A
consultant works to improve the efficiency of the client organisation, utilising the
company’s workforce’s contributions and capacity to face new problems. This section
will offers long-term contribution that serves global worth in the consultancy sector.
Given the complexity of the consulting industry, there are several branches of
consultancy, which focus on different industries. These various types of consultancies
are as follows:
 Human resources (HR) consulting: As the process of recruiting and
managing the employees has become complex and broadened, HR consultants
allow businesses to obtain the maximum potential from their employees and

find the ideal talent for every kind of situation (Fincham, Mohe & Seidl,
2013).
 Strategy consulting: A strategy consultant helps a company to understand
and interact as the face of operational challenges within their business. The
key role is to increase the functionality of a business plan in order to enhance
the client organisation’s work performance. There are various sort of subtypes
of strategy consultants that involves consulting advisors, organisational
development consultants and implementation consultants in the business.
 Management consulting: Management consultants are of particular use in
situations where an organisation is expanding or transitioning. Management
consultants apply their expertise in a particular industry segment and respond
to the business and management needs of customers (López, 2021). This type
of consulting includes roles like senior risk control consultant, business
consultant, and change management consultant (Gill, 2013).
 IT (Information technology) consulting: IT consultants recommend
software and hardware and computer networks to client organisations so that
they can develop efficient systems and enhance internal processes.
 Operations consulting: Operations consultants support customers and clients
by helping to enhance an organisation’s operational performance. Consultancy
activities in this segment range from advisory services to hands-on
implementation help for performing the managerial functions such as
marketing, sales, production and many more. The secondary functions of
operations consultants include advices about finance issues, supply chain
management, HR issues and legal matters. This type of consultancy service
forms the largest segment in the business of advice and the number of
consultants of this sort that are active in one of the most implicit fields of
functions.
 Financial advisory consulting: Financial advisory consultants usually tackle
questions that involve an organisation’s financial and analytical capabilities.
The profile of this type of consultant is different from other segments, such as
corporate finance and mergers and acquisitions (M&A) consultants, risk
management consultants, real estate consultants, and tax restructuring
consultants. Advisors specialising in forensic research and dispute resolution
also fall within this segment (Nikolova and Devinney, 2009). The majority of

financial advisors work for large mutual consulting and accounting companies,
with the remainder employed by niche consulting firms.
Being a consultant offers many advantages. It affords one of the skill that are
necessary to be smooth and flexible at all times, face a diversity of situations and
frameworks, assist in collaborative work processes. A consultant can offer services
for a consulting company or can be a freelancer. Many consultants are employed at
firms like Google Bizops, Business Development, and Disney Corporate Strategy.
Working in the field of consulting services offers various benefits, such as being able
to work on a variety of projects; high salaries; flexibility; opportunities to travel and
enjoy freedom; deep exposure to various sectors, industries, and business models; and
a fast-paced work environment (Scott, 2021).
The chief values of consultants include knowledge, skill, expertise, and influence. As
consultants work and deal with varieties of clients in the industry, they also may have
a much deeper and broader knowledge of market and business trends, processes, and
industries than the employees of the firms they work with (O’Mahoney, 2007).
Consultancies are useful in part because they have distance from the organisational
challenges they examine. They are not emotionally invested in their entrepreneur
clients’ operations in the same manner that the clients are; they have the simple goal
of finding and addressing issues, such as implementing a new technology. This is
beneficial in family-run organisations where the business’s dynamics could be
influenced by the sentimental feelings of the family members who run the business,
making it more difficult for them to openly discuss important issues. Because
consultants possess important skills and knowledge, they know and understand best
practices. For instance, a consultant can examine a client’s manufacturing process and
quickly identify issues. With the advisor, there is no needs for entrepreneurs to create
the loss of valuable time that can be done by an expert person.
Joining a consultancy agency is one of the most efficient and effective ways to
develop a vast and valuable business network. Consultants create multiple
relationships throughout their business dealings. Building bonds and connections with
businesses and professionals is an art, not only in the context of work but also with
the individuals in the business.
However, being a consultant comes with some measure of stress. The life of a
consultant can be very stressful and can lead to several negative personal
consequences, including to one’s health and personal life (Saguin, 2018). One of the

main reasons why someone would choose this career is the high salary, but the
remuneration comes with a negative aspect: many consultants work long hours.
Consultants work 50–60 hours per week, in contrast with other employees who work
only 70 hours per week so this aspects makes the job of a consultant quite high
pressure even though it is profitable. There are a number of negative aspects of a
career in consultancy services, set out in greater detail below:
 Long-working hours and overwork: When employees work for a long
period of time, this can lead to various psychological issues such as
depression, anxiety, and insomnia (Kalam, 2021). Studies have shown that
employees who work for longer hours may face serious health issues.
 Work-life balance: Many employees in the field of consulting services
complain that their work-life balance is very poor. In one study, various
employees in consultancies suffered in their personal life, especially in
managing relationships, due to excessive travelling and work (Veres and
Varga-Toldi, 2020). Many consultants may not initially understand that they
are sacrificing their personal and social lives for their careers; sooner or later,
though, many realise this fact and regret it.
 Health issues: Due to high job-related stress, many consultants face issues
such as lack of sleep, disease complications and schedule irregularities. It is
important to overcome the risk if it is related to somebody's health because
somebody's health and life are more important than work.
Scholars have noted that people who start small business ventures almost
always face moments of doubt and insecurity (Sturdy, 1997). A fear of doubts that
may present in the mind of a prospective entrepreneur, including:
 Should I bring my idea to realisation or not?
 Will customers appreciate the product or service I plan to offer?
 Will I be able to work on the day-to-day operations of the business?
 Will I be able to earn sufficient revenue?
The above worries are common to all entrepreneurs who run small businesses.
Taking a proactive approach to managing and handling those insecurities may make
the difference in whether a business is successful or is troubled or insecure (Tornero-
Molina and et al., 2021).
Below are some methods to work with or address the above-discussed
insecurities, which will help small organisations get off the ground:

 Bring on the doubt: Having an overabundance of self-doubt is of little help.
However, a small entrepreneur must accept doubt and work to overcome it
day by day to ensure things are done correctly. In order to get anything better,
it is required to make a practical attempt at a though, develop additional ideas
to start a business, and not consist on somebody's doubts.
 Focus on great service: Because small businesses are frequently insecure
and face many complexities in their operations, it is key that entrepreneurs
make best efforts and provide superior service to staff members in order to
ensure the company functions properly and to emphasise productivity
(Wadesango, Kucherera and Malatji, 2021). Customers may be sceptical of
working with a small business entrepreneur. Rather than being timid,
businesses should use this as motivation to offer customers great value and
service. Additionally, they should ensure sure that the product or service they
provide is excellent and better than what a customer can get from a larger
competitor. Moreover, being relentlessly responsive to customers’ requests is
also important to overcome this doubt.
 Celebrate the failures: Small businesses often fear or dwell on failure and do
not encourage the use of failure as an important tool to motivate oneself as an
entrepreneur (Vikranth, 2019). Failure is one of the best teachers; it allows
one to realise what they were doing wrong and identify mistakes they made in
past business activities. Sometimes, small businesses lose clients easily,
which is a terrifying experience; they often dwell on these incidents, worrying
that they might happen again in an even more severe way. To banish these
thoughts, it is necessary to make some adjustments, analyse what happened
and why it happened, and grow into a new and better version of oneself as an
entrepreneur and improve the firm using the knowledge from these
experiences. This provides the confidence to entrepreneurs necessary to
perform well.
 Set attainable objectives and follow through: General organisation and
establishment of objectives can aid in developing confidence among small
business owners. Attainable goals may focus on increasing the skills and
knowledge surrounding core competencies, challenging somebody's aim will
bring them face to face with conditions that shine a light on an entrepreneur
who operates the small management (Van Looy, 2021). Setting attainable

goals and objectives definitely assists in creating the motivation that a
business owner requires to begin confronting work-related insecurities.
 Determine how severe a failure could be: Three words that are likely to
make any business owner sweat are ‘worst-case scenario’. A small business
owner who is dealing with an insecure business and a fear of failure must
comprehend what the worst-case scenario is and evaluate the possible risk and
options to address it. Some business owners may be willing to risk by their
own as just in case scenario if the reward is satisfactory and the risk is low.
Hence, if the worst case scenario that is unacceptable, then it is vital to re-
evaluate the conditions.
Customers, clients, and organisations, whether small, medium, or large,
appoint consultants to solve certain business problems, add value, and ultimately
facilitate the provision of consultation services (Osbon, 2021). If consultants are
resolve their issues of clients or add value for them then they may be of little worth.
CONCLUSION
This paper has shown that consultants are specialised professionals who
support clients, including organisational clients, in resolving urgent problems relating
to projects and issues. There is a range of roles in the consulting industry; these
professionals share their gift of assessing information and identifying the right path
for each organisation to take. There are many types of consultants, including IT
consultants, operational consultants, and HR consultants. All consultants have
different roles and certain perspectives that fomulate significantly in the work they do.
The job of the consultant is very stressful and hectic and may lead to severe health
outcomes. However, it is a lucrative and beneficial career. Consultants travel and
explore the world while helping to improve the knowledge of businesses. Small
businesses and entrepreneurs may lack the skills to deal with market challenges and
their issues, irrespective of whether their start-up is new or established. Hence, it is
important that entrepreneurs acquire the right advice from the right type of consultant
to overcome doubts and challenges.

REFERNCES:
Books and Journals:
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Consulting and Uncertainty: Mapping the Territory. International Studies of
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Gill, M., 2013 ‘Elite identity and status anxiety: an interpretative phenomenological
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Gutmann, M. R., 2018. Consulting the Past: Integrating Historians into History‐Based
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Kalam, M., 2021. Consultancy project titled ‘Financial performance analysis of
Ashuganj Power Station Company Ltd.’.
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Philippines. Journal of Asian Public Policy, 11(2), pp.188-205.
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consensus-based practice. In International Union of Anthropological and
Ethnological Sciences–IUAES, Zagreb, Croatia March 9-14.
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Management Studies, 34(3): 389‐413.
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