Big firms are also more likely to take a longer-term view on fees, knowing significant profits will come from handling major corporate issues such as going public. Management consultants Consultants can provide expertise that you need only occasionally. They can take on projects that require senior executives you don't have on board. An outsider can also act as an impartial third party to help you resolve conflicts. Working with management consultants is very different from working with technical consultants, however.
Management consultants are often more expensive by at least a factor of two.
And since management problems and the data required to solve them cannot be well defined, you can't assume management consultants will reduce your work load. In fact, they'll usually create work for you and your staff because they need support. You'll want to select a consultant with care, making sure that the one you pick has had a successful career and experience relevant to your needs. A good consultant will tell you the pros and cons of your approach and recommend alternatives, rather than making problems more complicated. Do your best to define the project and find a consultant particularly skilled at it.