economic case study

Exconom Case Study

  1. The problem with the company at the moment is the lack of diversification and sticking to the known, limited-risk strategy. Allan should use his position to conduct the necessary research in order to create a very effective diversification report that can be studied by the management. The report should show the possible risk levels in order to create for the management a clear picture of the intended changes. This will give Alan the opportunity to be innovative and creative in business.
  2. A consultant can view a client from an omnipresent and unbiased perspective. This helps clear the self-justification ideas of the client and present the reality of the issue at hand. From such a perspective, a consultant, having no direct interests to the client operations can provide valuable guidance, criticism, and analysis(Jansen-van der Weide, Onwuteaka-Philipsen, & van der Wal, 2007).
  3. The objectives of consulting are;
  • To help the client realize their position as viewed from an external perspective. This assists the client to understand what is lacking in their search for perfection. The realisation is a priority for positive performance(Jansen-van der Weide et al., 2007).
  • To assist the client evaluate the current position. The consultation should provide the client with an analysis of the strengths, weaknesses, opportunities and threats in order to assist in planning strategies(Jansen-van der Weide et al., 2007).
  • To help the client make good use of the resources. While the consultant helps identify the resources available for the project, he also assists the client to make good use of the resources. This ensures efficiency and effectiveness of the project plans(Pemsel & Wiewiora, 2013).
  • To assist the client to make and achieve project goals. Consultation ensures that the objectives of a project are based on the reality and also assist the client to prioritize and realize these goals.
  1. Following the guidance from the consultants, I would first make a very elaborate plan with very specific and reality-based objectives. This will allow for better planning and allocation of the available resources. I will then arrange the required resources based on the plans, conduct the necessary research and continually consult. The success of the project will be dependent on planning and allocate the most appropriate tools and methods, at their right moments and in the right form and status(Project Management Institute, 2013).
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