2020 has been a challenging year for most brands. Huge market shifts, dramatic changes in consumer behavior, ever-evolving rules and requirements, and belt-tightening across the board have upended our collective plans and projections. And we're not out of the water yet: there are plenty of unknowns to come! What this all means is that brands need to be resilient, adaptive, and transformative. This is where management consulting firms come in. Management consultants leverage extensive market and industry knowledge to help your brand move forward in a way that allows you to continue to meet your business goals - no matter what this year sends your way.
Here are just some of the ways that a management consulting agency can deliver value for your business.
Gain Expert, 360-Degree Insights
Even the strongest leadership teams are facing uncertainty right now. Most brands don't have a playbook to help them through the sudden cultural and economic changes that have had a sweeping impact on how they do business. As a result, emotions run high, and the resulting decisions may not be the best for your brand. By tapping into the expertise of a management consulting team, however, you can leverage the experience and knowledge of experts who have helped brands work through almost every imaginable scenario. As operations transformation experts, management consultants can help create a workable roadmap for your brand - one built on data and best practices.
Simplify Your Talent Acquisition
COVID-19 has had a dramatic impact on staffing levels nationally. Early on, many businesses cut or furloughed staff or reduced staffing hours. Now, many are slowly rebuilding their workforces. However, record unemployment has seen a huge uptick in applicant activity, making it harder for brands to sort through applications in order to find the best fit. Given that each hire costs around $8,000, getting it right is vital. A management consulting agency can streamline hiring and acquisitions by strictly defining hiring criteria, carefully targeting job ads, leveraging existing networks, and even overseeing the hiring and onboarding process. Your team will be all the stronger for it.
Streamline Your Communications
Organizational change requires team buy-in, and to achieve this, clear, consistent communication is essential. Poor communication is one of the most common frustrations among staff - and clients as well, especially where large changes are afoot. With most of us currently working remotely, it's more important than ever to ensure that communication channels are open and working. Fortunately, this sort of scenario is where a management consulting agency shines. They can help define, articulate, and communicate important information between management, staff, and clients during times of change, making sure everyone is on the same page. Additionally, if certain topics or changes may be sensitive or difficult for their recipients, a management consulting agency can act as an impartial messenger for management.
Maximize Your Resources
Management consulting firms are all about operational efficiency. After all, their goal is to ensure that your business is functioning as seamlessly and effectively as possible. But even hiring management consultants can be a cost-saver. Bringing in an expert consulting firm gives you access to high-performing HR and COO staff on a fractional basis. This can be far more beneficial to your bottom line than hiring these same staff in-house. Their presence also takes some of the burdens off your C-suite - and gives them an additional resource to leverage.
If your goal is to build resilience, adapt to changing market conditions, and ensure maximum operational efficiency, a management consulting agency is a great investment. As experts in change management, StellaPop's consultants are happy to speak with you about how we can help you navigate the choppy waters of 2020 - and take your business to the next level.