Thursday, 14 May 2015

Global and Commercial Awareness


Why is it important?

Commercial and global awareness are key attributes that employers will look for.  As a professional Quality Assurance Consultant I interviewed said, ‘keeping up to date with developments’ and having ‘knowledge of development and opportunities’ were the most important skills for her job on a day-to-day basis.  In the consulting world Adam (Management Consultant Analyst) noted the importance of having an understanding of industry issues and ‘hot topics’ in order to relate to clients.  What is more, through global awareness, including by having worked or lived abroad previously, it can increase your chances of getting a work location overseas, if this is what you would like.

How to develop it

The Manchester University Careers Blog, however, outlined that commercial and global awareness is better developed over time and by different mediums.  These include through LinkedIn, the media – UK and international newspaper broadsheets which cover news, business and the economy – and networking events such as careers fairs.  More specific consulting sources should not be neglected though, as these will provide the opportunity to develop commercial awareness.  The Management Consultancies Association is an invaluable source and outlines how the UK consulting industry began in the 1900s but did not fully take off until the 1950s when demand ‘from clients for highly specialised skills’ increased with the development of technology and management.

Recruitment websites

More consulting specific information, can be found from recruitment websites.  Mindbench has a page on ‘industry news’ where articles relating directly to the consulting sector can be found.  Prism is an executive recruitment company that also has a page on ‘News & Views’ which hosts a whole mix of articles on different topics that relate to consultancy, including the biggest CV annoyances for senior executives and opinions during the ‘Management Consultancies Association Boardroom Breakfast’ on transport and political party issues.

The Management Consultancy Association is a key body that potential consultants should be aware of, but so is the Institute of Consulting – ‘the home of professional consultants and the National Consultants’ Register’.  They have a ‘News’ page with one of the main topics being a project to push forward the ‘Chartered Management Consultant’ award which is scheduled to launch in early 2016 and allows ‘professional recognition’ and ‘maintenance of high quality standards’ within the profession.

Current big issues

From the two interviews I pursued personally though, the main current issues for the consulting sector were the ‘digital agenda’ and the ‘cuts in public spending and reductions in grants for business development’.  From personal experience, the interviewees felt the 2008 financial crash affected their business quite noticeably but since then, it has stimulated businesses to remove costs and increase efficiency, leading to a demand in their consultancy services.  Having an awareness of the global situation is clearly beneficial in understanding the issues the consulting sector faces.






1 comment:

  1. Straplan Limited is a leading business management consultancy which helps businesses within a range of different sectors of all sizes. Our ethos is to provide a service much more than just what you would expect from a management consultancy. We incorporate an ‘everything is connected’ policy, this includes management consulting, coaching, training and recruitment. We are here to ensure that your business can streamline its working processes and by working smarter you can achieve greater profits and business growth as a result.Our business management consultancy solutions focus on your organisations primary priorities such as:Business sustainability and Growth.Profit Maximisation.Increasing Business Efficiency.All of our services lead towards at least one of those overriding goals. management consultancy​ UK

    ReplyDelete