PM ASSOCIATES
The consultancy industry is one of the most diverse markets within the professional services industry, and, therefore, a number of different types of consultants are found in the industry.
Given the widespread areas in which PROFESSIONAL BUSINESS ASSOCIATES can operate, and the variety of work places they can access, there has been a sharp rise in the number of independent consultants over the past few years. This has created an obfuscation for a client to make a clear distinction between the real and the apparent.
Here we discuss a few major kinds of consultants:
STRATEGY CONSULTANT
The term Strategy Consultant is the one who operates at the highest level of the consultancy market, with a focus on strategic topics like corporate and organisational strategy, economic policy, government policy and functional strategy. For this reason, strategy consultants generally carry out work assigned by top managers, directors and senior managers.
Right strategy consultancy is the vision viewing of a business house. This is your Goal Setting.
MANAGEMENT CONSULTANT
After having a clear vision about your goal, the next objective is to give organisational consultancy enabling your clients to achieve it. All sorts of organisational concerns, from strategy to a variety of elements within management are addressed here.
However, some experts define Management Consulting as a collective term used for all services that fall under Strategy Consulting, Operations Consulting and HR Consulting. Therefore, more than half of all advisors can be defined as a management consultant.
OPERATIONS CONSULTANT
Operations consultants are consultants who help clients improve the performance of their operations.
Here, Consultancy may vary from advisory services to hands-on implementation support for both primary functions (e.g. Sales, Marketing, Production, etc.) as well as secondary functions (e.g. Finance, HR, Supply Chain, ICT, Legal, etc.).
Operations Consultants form the largest segment within the advisory branch, and the majority of consultants are active within one of the many underlying operating areas.
FINANCIAL ADVISORY CONSULTANT
A financial consultant would consult in situations related to financial bottlenecks and methodologies to come out of it. Consequently, it relates back to the management consultancy also.
HUMAN RESOURCE CONSULTANT
HR consultants provide solutions to the problems related to the Human Capital Questions. Naturally, the consultancy would go and touch the management and operations and financial consultancy.
HR and strategy consulting form the two smallest segments of the consultancy industry, and the number of consultants active in this domain is, therefore, lower than those in other parts of the industry.
IT CONSULTANT
Technology consultants, also known as IT, ICT, or digital consultants, focus on helping clients with the development and application of Information Technology (IT) within their organisation.
IT consultants focus on transitions (projects) in the ICT-landscape, contrary to regular IT-employees, who work on day-to-day IT operations (so-called ‘business as usual’ activities).
PM ASSOCIATES
Consultants mainly analyze, deduce and synthesize multiple deductions to arrive at a conclusion of opinion which is then forwarded to client. Difference of opinion is bound to arise if multiple consultants work on different corporate fronts e.g. management consultation, financial consultation and human resource consultation. Ultimately, it goes against the interest of the clients and the project.
To avoid this annihilation possibility, PM ASSOCIATES have gathered all expertise and the brains possessing it, at one place. We offer a comprehensive one solution window to all concerns of the client.
In fact, through consultancy the client buys Peace of Mind for Money and the consultant buys Money for Peace of Mind.
Role of PM ASSOCIATES in Setting Up in India:
- Advise on Entry Strategy and structuring of Business set up in India,
- Identification and selection of the place of business,
- Incorporation of the Company or Branch or Liaison Office in India,
- Bank account opening and getting Finance,
- Getting approvals at various regulatory bodies/agencies,
- Ongoing compliance with all laws and regulations,
- Accounts and Payroll maintenance,
- Compliance with FEMA/RBI for fund transfers, and
- A lot More of guidance and consultancy
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