Management Consulting Services
Management Consulting India have become integral to driving business success in a rapidly evolving economic landscape. India’s rank in ease of doing business falls under the “Easy” category as per the 2020 World Bank Rankings. The country’s ranking significantly improved from 77 in 2019 to 63 in 2020, reflecting its growing appeal as a global business destination. As one of the emerging business and financial hubs, India offers one of the best markets to invest in, with high growth rates. Major financial institutions predict that by 2030, India could emerge as one of the world’s leading financial superpowers.
In recent years, the Indian start-ups ecosystem has experienced exponential growth, fuelled by massive funding, technological advancements, consolidation activities, and a thriving domestic market. The statistics are clear: from approximately 3,000 start-ups in 2014 to an anticipated 11,000 by 2020, this growth is far from a passing trend. It represents a transformative wave that has inspired young entrepreneurs to create their own ventures, drawing motivation from the successes of established start-ups leaders. India’s rapid transformation presents a golden opportunity for global entrepreneurs to establish businesses and grow at an accelerated pace.
In this dynamic environment, management consulting firms provide essential services that enable businesses to adapt and excel. These firms specialize in identifying best practices, employing analytical techniques, managing organizational change, offering coaching, implementing technology, and developing effective strategies. A trusted management consulting company brings valuable frameworks and methodologies to help businesses optimize their operations and enhance performance.
With the pace of technological innovations and market changes, starting and sustaining a business in India requires specialized knowledge and professional experience. Comprehensive management consulting services are crucial for overcoming these challenges and unlocking growth opportunities.
At ASC Group, a leading Management Consulting Firm in India, we provide end-to-end advisory and consulting solutions to help businesses navigate the complexities of entering and thriving in the Indian market. Since 1995, ASC has been empowering businesses with tailored strategies and expert guidance, ensuring their success in one of the world’s fastest-growing economies.
What does a Management Consultant Do?
- Management Consultants assist the decision-makers with an advisor, strategy, planning, consulting, and organizational matters.
- Management Consultants have problem-solving skills and ideas to develop a strategic plan for business growth, For instance, hiring Management Consulting Firms provides advisory on innovation or cost reduction strategies.
- Executing the proposed solutions, and the execution side of consulting forms the largest market for management consultants in practice.
- Assignments can differ from boosting the efficiency of business processes, outsourcing of non-core tasks, the implementation of new IT systems, optimizing the supply chain, etc.
How ASC Helps?
ASC’s structured solutions assist organizations not only in achieving operational efficiency but also in ensuring that it is adapting and improving faster than its competitors. ASC’s Management Consulting Services assist organizations to identify and solve the challenges that stand in the way of their growth and progress.
- Understanding the business plan or goal of investors;
- Identifying any restrictions in the Foreign Direct Investment/Domestic Investment policy including obtaining any approval;
- Assisting in identifying the right or suitable geographical locations for establishing business operations;
- Identifying the appropriate jurisdiction for entry into India from tax and regulatory perspectives;
- Identifying the suitable corporate structure viz company, LLP, Liaison office, etc. for carrying on business operations in India and helping in setting up of such business;
- Devising tax-efficient cash or profits repatriation strategies;
- Providing administrative, legal, HR, Accounting, and IT support;
- Ongoing tax and regulatory compliances.
- Market Analysis to develop strategic Market Focus.
- Assistance in Financial Projections to meet your Business Goals
- Categorizing & Evaluating Competitors to understand their Strengths and weaknesses
- Risk and Mitigation Planning.
- Marketing and sales plan, including how you will market your services and expand your business
- Assistance in applying for various approvals and licenses under the laws applicable in India
Our Approach
- Identification of problem: Any project or advisory starts with the identification of the problems for which solutions are sought. According to the criteria that is given by the client’s scope of work contrived by ASC. Thereafter, the scope of work is implemented systematically with the objective of achieving the target set by the client.
- Collection of data: In this respect, appropriate data and performance indicators of the client have been analyzed vis-à-vis existing industry benchmarks, prevailing business practices, etc.
- Data analysis: Collection of previously un-gathered data by conducting surveys, telephone interviews. Face-to-face interviews, discussions with focus groups, target consumers, and entities involved in the distribution of products.
- Advice: We advise the best solutions based on the issues analyzed through planning, account outsourcing, practicality, transactional services, and compliance outsourcing. It includes SOP Development, Transaction Services, Internal Restructuring Consultancy, Strategic Planning, Due Diligence, Accounting Outsourcing.
- Implementation: We not only advise our clients for the best solutions but also ensure that the solutions recommended by us are implemented effectively.
FREQUENTLY ASKED QUESTIONS
Management consultants work with business executives, including C-suites and provide them consultation services to assist them in the achievement of overall organizational goals. They identify challenges, analyze information, and develop solutions.
Management consulting firms offer a bouquet of services including process improvement, strategic planning, financial analysis, market research, change management etc.
There are various benefits to hiring management consultants. The overall goal of management consultants is to help organizations achieve their overall goals and objectives. They help organizations identify areas for improvement, craft organizational strategies and improve overall organizational performance.
Choosing the right management consulting firm is important to reap the maximum benefits of these services. The factors you should consider when choosing the ideal management consulting firm include the consultant’s experience and expertise, their past performance, their success ratio in helping organizations achieve their goals, the types of services provided by them and their fee structure.
The fees of management consultants depend upon various factors. These include the experience and expertise of the consultant, the scope of services, the duration of the contract, the complexity of the work etc.