Consulting Best Practices

Do Management Consultancies Lack Standardization?

The consulting industry is known for being vulnerable to governance policies. Its vigor, business proposition, market value, and nature make it a challenging territory to assess. Ethically, even the clients are in favor of compliance but remain unaffected. Advanced technologies may perhaps help the industry get improved governance. However, it will bring a new set of challenges like systemic problems. Reinforce, review, reward, and reject are the four pillars necessary to improve management consulting governance. Consulting companies must reinforce the present regulations and procedures. Organizations must review and reward third-party or internal consultants while rejecting unsolicited exchanges. Click on the following link to read the original article: https://www.consultancy.uk/news/26811/how-best-to-govern-management-consultancy-in-the-21st-century

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