Study for Business Essay Example | Topics and Well Written Essays - 1000 words

Study for Business - Essay Example As a matter of fact, businesses around the world, that are looking forward to establish a foothold in a new or existent market with its ever changing consumer behavior and product - market dynamics are increasingly looking forward to opt for consulting services provided by various well established and renowned consulting organizations and agencies for a particular country or region to various agencies. Consulting is carried out mostly in order to serve one of the many purposes of the client comprises which comprises mainly of fulfilling company’s goals and targets, solving the client company’s problems related to the management, identifying and recommending new business opportunities across various markets, providing learning and helping the client with the process of implementing changes within the organization’s structure and processes (Kuber, 2012, p. 3-6). In other words, it can be said that consulting services are often rendered by industry experts with valu able and significant amount of work experience, besides having related product as well as market knowledge. A key factor that differentiates the service of consulting from any other service or product is that the client is purchasing a promise of satisfaction for the services provided by the consultant and expects that the advices and recommendations provided by the consultant will solve the company’s existing problems. Hence the services provided by the consultant needs to be impeccable, effective and highly accurate (Biech, 2003, p. 4-5). Possible Reasons of Failure There can be a multiple number of reasons that can be attributed for the fact of possible failures of a group project. The most important factor can be the fact of ineffective communication amongst team members. Ineffective communication amongst the team members leads to misunderstanding of the job roles and the required project functionalities allocated to them. Due to the cause of this, the team members most o f the time face difficulties in understanding the personalized project related goals and individual targets allocated to them. This also leads to highlighting of the fact that poor communication among team members leads to poor role clarity to the team members. Also, ineffective team communication arises from the ego factors of the team members involved. This also leads to an increased communication gap. Motivational factor of the team members is a huge factor for the success and effective execution of a group project. Team members, who have low level of motivation, which may arise out of several factors ranging from personal problems, marital problems, financial pressure, work related stress etc will have a low level of involvement, which may affect their performance and contribution to the group based project. Another vital factor is inefficient time allocation and time management for the project involved. Improper time allocation for the project leads to hurried completion of the project, in order to meet the deadline allocated for the project. This leads to overlooking and skipping of some of the important goals and objectives of the project (Team Building, 2009). Possible Corrective Measures In order to take effective steps for the purpose of prevention of the above mentioned reasons of failure, certain steps can be taken. For the purpose of