Students should have some understanding of the key functional areas in an organization (strategy, marketing, finance, operations management, information technology and finance/accounting.
At the end of the course, the student should be able to:
1. Describe the field of management consulting including key definitions, the role of the consultant, the reasons clients hire consutlants and the general trends in the industry;
2. Outline the five phases in management consulting and discuss the benefits of the use of this process in a consulting firm;
3.Effectively conduct each of the five phases drawing on functional (i.e., finance, marketing etc.,) and process knowledge (communication, analysis etc.,).
4.Describe the advantages and disadvantages of at least 2 consulting business models; and create a business plan for a boutique consultancy; and
5.Identify key issues related to ethics and values in the consulting profession.
This course provides an introduction to the process of management consulting. It covers phases of the consulting model reflective of the the International Council of Management Consulting Institutes (ICMCI) Common Body of Knowledge. In addition, various business models associated with managing a consulting practice are examined along with basic principles of project management that form the core operational processes within a consultancy.
