Million Dollar Consulting

Question: Describe about the Million Dollar Consulting? Answers: The employment of consultant can be agreed with, as the consultants are the professional that provides expert and professional advice that helps in carrying the work in more effective way. For instance, a doctor that is an expert in the specific area of medicine can advice the patient to take the medicine for better health. Apart from that, human resource consultant can provide expertise idea in context to employment practice and management of people of the company towards the organizational goal. Therefore, the consultant can help in providing right guidance to the management or the human resource of the company. For example, if an employee is having technical issues in his work then he can consult with the technical consultant to solve the problem. Therefore, consultant can provide required support for the growth and achievement of organizational goals. Apart from that, the people that do not posses required skill or expertise should not be consulted as it may affect the growth of the company. Therefore, I do not agree that all the consultant posses equal amount of expertise and professional skills. For instance, Bling which is a small-sized industry involved in manufacturing home carpets, they consulted with a finance consultant for determining the their costs of operation and as a result, the consultant predicted less costs that affected the business of firm later on. Therefore, it can be understood that before consulting any consultant their background has to be known so that right direction can be sought that can benefit the company and attaining the strategic goal. The selection of networking consulting firm is acceptable as it can help in providing value added service to the associated client. The network consultant can help in building strong relationship with probable clients. For instance, the network consultant can help in maintaining the document in context to IT infrastructure and can provide required support to all the processes and procedures. On the other hand, employing a network consultant can be effective for the business as they can participate in the meetings of the company that is helpful for the business development. On the other hand, I do not agree with the fact that having only contacts with the clients can help in building strong relationship. The contacts can be effective for having communication but it may not turn out to be effective for long term. For instance, the requirement of services could not be understood by contacts but physical inspection may be required to understand the situation so that best service can be provided. Therefore, having communication over the phone and providing advice may not lead to success for the business. Therefore, in order to build relationship, a quality service has to be provided so that long run bonding can be built. I support the concept of advertising. The consultant can help in planning the advertising strategy that can help in increasing the brand value and consumer awareness in the market. On the other hand, the advertisement can help in increasing the market share and gain competitive advantage. For instance, advertising product or services via social media can help in increasing the customer circle and products awareness that can be valuable in gaining profit margin. Moreover, the business can target certain clients, specific demographics, companies, etc in order to plan their marketing strategies and stand out their performance. Apart from that, I do not comply with the fixing expectation in order to complete the project. For instance, if a job is of packaging a product of around 10 products in one hour and if the time has assumed that it can be completed in half an hour then it will disturb all the packaging process and procedure. Therefore, fixing time before knowing the actual time for completing work can result in huge cost and the flow of work can be affected. Therefore, time has to be set much far then actual date of delivery so that work can be completed with quality. Thus, it can satisfy the client. Classmate Discussion I have acknowledged from the classmates discussion post is that the classmate had a same viewpoint as I was holding. Moreover, their major point of discussion was consultant and time expectation for accomplishing work. On the other hand, some classmate discussed about the working environment that it has to be acceptable and friendly. I supported this thought of them and I believe it that having positive and friendly work environment can increase the efficiency and completion of task in quick time.