Management Consulting involves helping a business institution enhance their performance, by analyzing the current problems and creating a strategy for development.
• Financial management planning and financial policy determination.
• Capital structure planning and advice regarding raising finance.
• Working capital management.
• Preparing project reports and feasibility studies.
• Preparing cash budget, cash flow statements, profitability statements, statements of sources and application of funds etc.
• Budgeting including capital budgets and revenue budgets.
• Inventory management, material handling and storage.
• Market research and demand studies.
• Price-fixation and other management decision making.
• Management accounting systems, cost control and value analysis.
• Control methods and management information and reporting.
• Personnel recruitment and selection.
• Setting up executive incentive plans, wage incentive plans etc.
• Management and operational audits.