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Course Description
Do you have strong business skills? Can you analyze information and construct a recommendation on a course of action? Do you have good communication, observation and character analysis abilities? Then you could be a good candidate to provide business consulting services.
Organizations of all types – commercial, nonprofit and government – seek outside assistance to enhance their performances. A business consultant can uncover issues, solve problems and determine new opportunities on behalf of your clients. In this course you can learn if this fast-paced, exciting and financially rewarding industry is for you.
We discuss specialized consulting and comprehensive management consulting. You'll learn who the major firms are and how you can become a part of those companies. This course will provide guidance on qualifications and certifications that are required to become a consultant with an existing firm. And we'll show you what you need to start a consulting business.
We'll give you insight into the six phases of problem solving and introduce you to Root Cause Analysis. Included in the course are a discussion of data analysis and an examination of qualitative and quantitative strategies. You will also learn how to conduct a SWOT (strengths, weaknesses, opportunities and threats) analysis.
Finally, we'll cover some important steps to consider when opening a consulting business, and how to attract and retain good paying accounts.
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Learning Outcomes
By successfully completing this course, students will be able to:
Define what a consultant does and why a company may need one.
Describe the major skills needed to be a successful business consultant.
Summarize the various types of consultants out there and determine which type you are.
Define management consulting and describe the necessary qualifications and certifications.
Define the SWOT analysis and how to use it to audit an organization.
Define qualitative analysis.
Define quantitative analysis.
Describe the processes involved in creating a consulting business and landing new client accounts, and
Demonstrate mastery of lesson content at levels of 70% or higher.
Course Lessons
Lesson 1: Becoming a Consultant
Consultants are hired by companies, government entities, and nonprofit organizations to help assess their problems, plan their future, or improve operational efficiency and profits.
Lesson 2: Client Relations
To be successful in your role, you will need to bring more than just your business knowledge or technical expertise to the job; you need to be a master of persuasion.
Lesson 3: Understanding Personal Dynamics
Your ability to influence the decision-makers and solve problems will be greatly enhanced by your ability to uncover how the organization's interpersonal relationships are conducted.
Lesson 4: Consulting Professions
A consultant can specialize in a particular field or offer expertise that is needed across industry lines.
Lesson 5: Management Consulting
Management consulting is a comprehensive approach to improving an organization's performance.
Lesson 6: Qualifications and Certifications
Generally, a college degree likely will be required by most consulting agencies, but it is not always demanded if you possess certain skills that are applicable to the project.
Lesson 7: Problem Solving
One of the key components to successfully completing a consulting project is problem solving. Problem solving is a tool, a skill, and a process.
Lesson 8: SWOT Analysis
One of the most used analysis techniques is a model called Strengths, Weaknesses, Opportunities, and Threats Analysis (SWOT). SWOT is a tool for auditing an organization and its environment.
Lesson 9: Qualitative Analysis
Data analysis is a practice in which raw data is ordered and organized so that useful information can be extracted from it.
Lesson 10: Quantitative Analysis
Quantitative Analysis is a business or financial analysis technique that seeks to understand a client's behavior by using mathematical and statistical modeling, measurement, and research.
Lesson 11: Starting a Consulting Business
Often a small business owner must coordinate the marketing, planning, financial and management duties, along with the workload of an engagement.
Lesson 12: Getting Accounts
Even with the expertise and experience in your chosen field, promoting your consulting business is essential to success.
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