Lara owns a mid-sized company that has been in business for 10 years. The business has always covered its expenses, but it has never made the kind of profit that Lara anticipated when she started it. She decides to hire a management consultant to review her company. What should she expect from this consultant?

Question

Lara owns a mid-sized company that has been in business for 10 years. The business has always covered its expenses, but it has never made the kind of profit that Lara anticipated when she started it. She decides to hire a management consultant to review her company. What should she expect from this consultant?

A. a thorough evaluations of the business's finances
B. meetings with other similar businesses for hints and suggestions
C. suggestions to make the business more efficient and therefore profitable
D. a personalize review of Lara's management style and employee relationships

Answer 1

C. suggestions to make the business more efficient and therefore profitable

The management consultant will most likely review the company's operations, processes, and strategies to identify areas where improvements can be made to increase productivity and profitability. This may involve recommendations for streamlining processes, implementing new technologies, changing organizational structures, or other strategic changes.