IMPACT OF MANAGEMENT CONSULTANCIES ON SMALL SCALE BUSINESS DEVELOPMENT
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IMPACT OF MANAGEMENT CONSULTANCIES ON SMALL SCALE BUSINESS DEVELOPMENT
CHAPITRE ONE
INTRODUCTION
Engineers, managers, instrument analysts, and other relatively modern professionals now organise themselves into separate entities known as management consulting firms.
According to David Jornem 1983, management consulting has been practised from the dawn of time, with early practitioners including management luminaries such as Tarlor, Emerson, Gilberth, and Gantt. He also reported that management consulting received a boost during this period,
thanks to the work of luminaries such as McKenzie and (much later) Roethlisberger and Elton Mayo of the famous how throne studies in the 1940s. Management consulting has remained a consistently growing industry since its inception.
Management consulting is expanding and becoming more prevalent in various parts of the world. According to the rate of expansion, Jormen predicted that there may be more than 100,000 consultants in America today.
Figures are difficult to come by in Nigeria, although the last count by the Institute of Management Consultants put the number of management firms at roughly 700. Aside from these organisations, there could be 1,000 individuals providing consulting services on their own.
Management consulting has long been recognised as a useful professional service that helps managers analyse and solve practical problems faced by their organisation and to benefit from the experience of other management,
and those managers continue to influence the establishment of management consulting in their organisation or, where this is not feasible, advise the board of directors on the need to use external consultancy services, or manages themselves, at home act as consultants.
Management consulting can be done in a variety of ways. These reflect the business and context drivers in which consultants operate, the various personalities of clients and consultants, and the reviewed conceptual approaches and intervention strategies established by consultants.
Steels defines consulting as “any form of providing help on the content, process, or structure of a task or service of tasks where the consultant is not actually responsible for doing the task itself but is helping those who are.” In other words, consulting is solely for the benefit of others.
Block also urged consulting whenever one is attempting to change or improve a situation but has no direct control over the implementation. The goal of this research is to examine the impact of management consultancies on the business segment,
with a focus on small enterprises. This is understandable not just because small businesses are a natural beginning point for larger enterprises, but also because they serve as a springboard and training ground for the latter.
Small-scale enterprises are essential components of each community’s economic and social life.
It is quite difficult to define a small-scale firm. The government defines it as any industrial process or service industry with a capital investment of less than N150,000 in machinery and equipment alone.
The United States Small Business Administration (SBA) defines small manufacturing timers as those with an average of 250 to 1,500 employees. Another term found in the SBA.
Despite differences in definitions, such as those of Stanley and Moise, as well as others, they all share a common idea of the criteria, which includes the number of employees, the sales value type of industry independent ownership, and comparison with its past standards.
For the purposes of this study, the definition of small scale industries from the 1989 industrial policy will be used. Those who have invested between N100,000 and N2,000,000 in total, excluding land but including working capital.
1.1 THE HISTORICAL BACKGROUND OF COMPANY NIGERIA LIMITED’S DOWN FUNCTION GROUP.
Down function was formed in 1970 at 8 Nza street Independence Layout Enugu for the aim of public relations services. This includes advertising and promotional services, which assist corporations and organisations by consulting with people who can reflect what they genuinely want to convey as per calendar advertisement and business advice and services.
Over time, it becomes increasingly critical and necessary for them to engage in management consulting, which deals with core management matters such as corporate policy and organisational management.
The grounds for the diversion are to allow management graduates who require some years of practical training and managerial leadership to fully mature and graduate into the management consulting profession.
When their consulting services, i.e., management upliftment, were known, they began practising as management consultants, providing independent advise and existence to their clients. There was, however, no rule of conduct to regulate the moral and ethical standards of individual consultants.
In light of this, the firm has maintained a list of advisory services to ensure that management who are experiencing management challenges can contact them. Once they play the role of improving the quality and enhancing the duty of management consulting,
research, and training, as well as for the performance of his duty of providing management advises and consultancy services to organisations large, medium, and small in order to achieve their objectives.
1.2 STATEMENT OF THE PROBLEM
Management consulting has long been popular in many organisations, large and small. Because of the importance and relevance of management consulting, it is vital to thoroughly analyse its component procedure and determine its efficiency.
Given the influence of management consulting, the researcher opted to conduct research on the issues confronting the Macon Bread sector.
One of the primary issues confronting the Macon bread business is the difficulty in obtaining cash to purchase machinery and raw materials for the production of their product.
One of Macon Bread’s challenges is poor management by inexperienced managers who do not grasp and are unable to foresee the environment.
The industry is changing. The daily average output of Macon bread is extremely low, resulting in higher product pricing.
Workers are insufficient, and the quality of their products is inferior to factory items due to a lack of funds and government support.
1.3 OBJECTIVES OF THE STUDY
The following are the study’s objectives:
The evaluation of management consulting activities on the performance of small-scale businesses in terms of organisational competence, performance, and excellence.
This survey will also demonstrate whether management consultants are actually “company doctors,” “problem solvers,” or “business healers,” as some managers say.
It will also determine whether small businesses are aware of and can afford management consulting services.
Finally, if a small business may obtain services as and when required at a reasonable rate.
HYPOTHESIS
1. Ho: Management has no significant impact on the business’s performance.
Hi: Management has a significant impact on corporate performance.
2. Ho: The goal of management consulting in company is not to benefit the business.
Hi: The goal of management consulting in business is to benefit the company.
3. Ho: management consultancy does not assist workers improve their performance.
Ho: management consultancy aids in improving employee performance.
4. Ho: The advantages of management consulting are few and far between.
Ho: There are various advantages to management consulting.
1.5 SIGNIFICANCE OF THE STUDY
This research on the influence of management consultancies on small-scale businesses will be useful to managers, business owners, and administrators who want to employ consultant services more successfully or apply certain consulting techniques in issue resolution within their organisation.
This study will be extremely useful to consulting departments of national and sectional institutions concerned with the development of business firms.
The findings of this study will also contribute to the growing body of literature on management consulting.
1.6 SCOPE OF THE STUDY
For the sake of this study, this study intends to analyse consulting as a method and consulting as a professional without respect to the sigh difference.
1.7 LIMITATIONS
The investigation was conducted with several constraints:
i. Material: Books obtained from the library to accompany pupils were either returned late or not returned at all. As a result, references were in short supply.
ii. Time: The time available was insufficient to conduct such a detailed study.
iii. Finance: This was yet another major limitation of this research. The cost of stationary, transportation, and so on has had such an impact on the study 50 that the research was not carried out in depth.
iv. Company officials were also hesitant to make data available.
1.8 DEFINITION OF TERMS.
i. Consultant: A person who provides expert advice to others, that is, someone who guides and assists others or people in areas they are unfamiliar with, such as business or medicine.
ii. Clients: These are individuals who seek assistance or advice from a professional.
iii. Clientele: A group of people who seek assistance from those in positions of authority who are experts in specific fields.
iv. Professional: The ability, etiquettes, special conventions, forms of politeness, and so on as doctors, educational consultants, lawyers, and so on.
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