Why Do Companies Need External Consultants?

I believe that every company wants to maintain steady growth quarter on quarter or year on year.

This expectation is irrespective of –

1. Change in the Market Conditions,
2. Arrival of competitors with latest and disruptive technology,
3. Dynamic changes in the company’s logistic chain players,
4. Changes in the customer taste, preferences of functionality ,
5. Internal setbacks in the company e.g. separation of key employees etc.
6. And so on….

Company’s success depends on the smooth integral working of the above every month, every week, every day and every hour.

While company management may boast of excellent systems and skilled people are in place to do their work and board oversees every internal and external aspect it does not deliver the desired result.

This is because of –

• Inability to sense the early symptoms
• Too much focus internal focus on viewing the symptoms
• Lack of knowledge of best practices followed by the similar companies in the world
• Absence of neutral approach to define the problems
• Absence of neutral and professional approach to  initiate the corrective actions

So does it make sense to sit tight and watch the damage?

Or

Take the first approach is to contact the external consultants … in the similar manner of approaching the medical doctor – from time to time?

Choice is yours …