what is management consulting and how do they make so much money?
In: 16
They look at a business’s watch and tell them what time it is.
They look at key performance indicators and provide an outside opinion as to what you need to do to improve your business’s bottom line.
They make a lot of money by charging a lot. Good management consultants can be worth it if management is truly committed to implementing the changes they suggest, or if the consultants stick around long enough to help implement the changes.
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