How Business Consultants have changed?
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Over the period of time there has been some changes seen in the consulting business and as this industry is growing. With so many changes being brought in, the industry has become a dynamic one with new business models being implemented.
Business consultants have undergone a change with the traditional elements staying and new models coming in. There is an amalgamation of all.
In the traditional method of consulting the clients were never given the chance to choose the consultant they want. It would be the organization that would assign the work to the consultant who would be available. With changing scenario, the clients can have the same consultant they had in the last project or they can go for a new one. They are given the privilege to choose whose works they like the most.
There are many firms that help the clients in getting the consultant that would suit them based on the requirement they have. Freelancing is another major development that has been seen in the industry of business consultants.
With many freelance consultants coming up there has been a steep rise in the number of freelance business consultants. There are many advantages of being freelance business consultants. It gives you the flexibility to work on your own time and have your own rules implemented rather than staying rigidly into a system.
When you are functioning as freelancer you also get the privilege to choose the clients that you want to work for.
According to the traditional methods the consultant would also market the product and service and deal with the selling of it also. But recently, the sale is made through the report and blogs and there is a separate team that deals with the sales only.
Marketing is an important part of selling business in consultancy industry. Marketing has taken a good shape as compared to the old times. The products or services that are offered by the firms are well marketed now and there now the firms have a team that is solely dedicated to marketing the products and bringing in clients. This has led to sub-division of work and each work gets divided according to the field of expertise.
Previously the charge was based on the number of hours that was spent by the consultants on the client. There are many firms that now charge on the basis of project that gets completed. Project based charge has enabled easy payment for both firm and the client. The payment could be done before the project or after the project. Or there could be part payment. Mostly part payment is preferred by both the parties.
This has changed the system of fixed payment. When a client wants to get a particular project done then they have to pay for that bit only. The part they do not want to be consulted or get done is not the concern of the firm. This has simplified the transaction process.
Every industry is dynamic and keeps on changing. Same is the scenario with business consultants. With growing competition the firms are coming up with new strategies and business plan and this is changing the way firms are responding to the demand of consumers. The consumers too have a large area of options of goods and services.