Accounting & Taxes consulting is a part of financial advisory. The Tax & Accounting Services consist of financial audit, verification of financial statements, other financial support services, general accounting, tax planning and consulting, preparation of individual or corporate tax, and others
The quantitative approach to decision-making provides a scientific way formed on data in determining a set of actions. The method refers to the research or programming class of statistical techniques. There is a tendency for active use of complex and new approaches, such as artificial neural networks and new graphics
Agile is a relatively new approach to project management. It’s not a self-contained methodology, but rather a mindset, which company should follow in order to deliver quality product on time. Agile is used primarily in software industry, but it can be applied almost anywhere.
Nowadays more and more companies are implementing Agile, from small startups to giant corporations
Artificial intelligence (AI) is a broad concept that defines a range of systems, methods, and ways of learning and problem-solving without or with limited involvement of humans. Several subsegments of AI are normally studied including analytical, human-inspired, and humanized systems. The role of AI in the modern economy has been growing over the recent years with working applications in autonomous vehicles, medical diagnosis, search engines, online assistants, image recognition, and other fields
Business law is a set of legal norms that regulate entrepreneurial relations, protecting the interests of the state and society. Business law consultants help corporations identify potential legal issues and find solutions in areas such as government regulation, consumer protection, and fair employment
Business transformation is a fundamental modification of processes in a company to achieve needed improvements. It can be an adjustment in a specific department or an organization-wide change. Drivers for transformation vary from bad financial health to the popularity of new technologies like clouds or AI
Capital budgeting and investment planning services: financial analysis, cost-benefit analysis, investment plans development, assessment of potential sources of funding, support in identifying and writing applications for affordable financing opportunities (national or international)
Now, businesses need to be more agile and flexible to save their customers and to have a competitive advantage. Change IT department structure and use new technologies to achieve advantages. The cloud is a fundamental service in a digital world.
Cloud Computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources that can be rapidly provisioned and released with minimal management effort and service provider interaction
Financial management is a process of managing money circulation, and the formation and use of financial resources of an enterprise. Besides, financial management is a system of forms, methods, and techniques by which money and financial resources are managed. The main goal of financial management is to maximize the price of the company and increase the efficiency of equity
It is the act of taking care of the customer’s needs by providing and delivering professional, helpful, high-quality service and assistance online via the Internet before, during, and after the customer’s requirements are met.
Major trends of it include omnichannel support, real-time assistance with co-browsing and video chat, and personalization
Design opens up valuable opportunities for businesses. Its importance is often underestimated, but good design can bring significant business benefits. The research and prototype stages of the design process can generate new product ideas and allow you to discover your customers' needs and preferences.
Trends: more touchpoints, design crossing boundaries, a taste for depth, playing with color, authentic styles
Going Digital means incorporating new technologies across the entire organization. It’s mostly popular among IT companies, but sometimes firms in other industries have to use it as well. The most important technologies for integration are the Internet of Things, cloud computing, big data, and AI
The way an organization should respond to the external environment refers to organizational ethics. Organizational ethics includes various principles that decide the way individuals should behave in the workplace. Corporate Social Responsibility (CSR) is a type of international private business self-regulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature or by engaging in or supporting volunteering or ethically-oriented practices.
Over the last decade, it has moved considerably from voluntary decisions at the level of individual organizations, to mandatory schemes at regional, national, and international levels
Talent management is the most important corporate resource today. There is a key trend in the current economic climate based on the fact that organization leaders are now shifting from strategic human resource management to talent management. It is important to have a deep understanding of the talent management process because talent constitutes a competitive advantage to the organization
Innovation in its modern meaning is "a new idea, creative thoughts, new imaginations in form of device or method". Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.
Innovation has three levels: incremental innovation, breakthrough innovation, and transformational innovation. Successful innovation efforts have four key elements: strategy, structure, skills, and process
In today’s world of constant change, businesses' ways to make a profit today probably won't be the same tomorrow. International business consulting is an assistance in companies’ aspiration to expand their business worldwide to open up new sources of income, create a sustainable competitive advantage, and stimulate business growth
The Internet of Things (IoT) is a system that can compute devices transferring data over networks with no requiring human-to-human interaction. The main components of the Internet of Things are smart devices, sensors, gateway, cloud, analytics, and user interface.
The IoT is currently developing swiftly, and people will undoubtedly see the Internet of Things become far more embedded in our lives at home as well as at work
The digital era is the present, not the future. For a business reasonable policy of IT & Business security, it’s a search for optimum/balance between the cost of implementation and maintenance cybersecurity system and the amount of resources (money, time, confident information, public reputation) that the company can lost, because of realized risk of threat. Without digitalization, businesses lose competition. With digitalization but low cybersecurity, there is a high risk of high-cost incidents and loss competition too
Leadership can greatly affect an organization by determining its success in the market. Strong, ethical leadership is extremely important in today’s business climate. Leadership is about having a vision and being able to make that vision a reality.
Teambuilding is another important aspect of business today. Teams are most successful when they have a “coach” who is able to help see them through some of the more difficult stages of the teambuilding process
Logistic consulting is a set of interconnected procedures for the diagnosis, development, and implementation of measures to optimize functional areas of logistics. They include procurement, storage, manufacturing, transport, sales, and inventory management.
The main trends in the development of providing such services are the globalization of business, a new competitive advantage, and the need for the introduction of new information technology
Mergers and Acquisitions (M&A) consulting provides advice to business parties involved in negotiations and deals about transferring property rights for companies. While the area of M&A consulting has a long history, the recent development of the financial markets and financial technologies substantially increased the speed, quality, and availability of M&A services
Management is the administration of an organization. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees to accomplish its objectives through the application of available resources. In profitable organizations, management's primary function is the satisfaction of a range of stakeholders
Management information systems are tools used to support processes, operations, intelligence, and IT. MIS tools move data and manage information. They are the core of the information management discipline and are often considered the first systems of the information age. Using an MIS system can improve the performance of a company in many ways. Any organization that does not use MIS will not simply exist for long
Manufacturing Processes Automation is a technology that uses robots, which learn from humans and emulate their behavior on devices. Benefits for businesses are “repatriating” business processes from outsourcing and redirecting human workers to more value-added work. Examples: invoice processing, insurance claims processing, customer feedback analysis, and HR operations. Most valuable for banking, telecommunication, healthcare, and insurance
Marketing can be described as actions that a company does to promote its products or services. Typically, it consists of four principal elements: price, place, promotion, and product.
The major trends: a bigger role for artificial intelligence, smart speakers and voice assistants, and growth in content marketing
Negotiation is a dialogue between two or more people or parties intended to reach a beneficial outcome over one or more issues where a conflict exists with respect to at least one of these issues. Negotiation occurs in organizations, including businesses. Professional negotiators are often specialized.
An organization's philosophy stems from its culture, mission, and vision statement; it dictates the everyday functions, treatment of customers and employees, the culture, and so on. Communication helps to ensure the entrenchment of philosophies in the heart of the organization
Nowadays, there is a trend in organizational communication to shift focus to interpersonal relationships and how they are conducted within the framework of organizational hierarchies
Optimization of business processes and organizational structures is a classic consulting service. It provides value to enterprises by remodeling business processes—whether by adding new ones, outsourcing, or modifying existing ones. Today, these solutions are increasingly developed in collaboration with digitalization tools.
Current trends include low-code application development, robotic process automation (RPA), artificial intelligence (AI), extended collaboration, and the implementation of smart contracts
Optimization of business processes and organizational structures – it’s a classic consulting product. It offers benefits for enterprises by remodeling their business process, adding new, outsourcing, or modifying old. Nowadays, conditions it's developed by collaboration with digitalization products. Trends are low-code app development, RPA, AI, extended collaboration, and implementation of smart contracts
PR management helps to establish stable relations, trust, and mutual understanding with the organization's target audience. PR involves product public relations, employee relations, financial relations, community relations, crisis communications, and consumer education. The role of PR management is important to all organizations because it helps generate goodwill for the company. An important trend in PR management is shifting focus from traditional to digital PR
Pricing is a fundamental aspect of financial modeling and is one of the four P’s of the marketing mix (the other three aspects being product, promotion, and place). Right pricing is key for achieving the company’s primary goal – generating revenue and profit and conquering share of the market.
The basic trend of pricing is personalization, broadly understood – customer loyalty is often more important than short-term profit. Because most markets are markets of customers
Procurement is the business process of exploring the market for goods and services via tendering and competitive bidding. It involves B2B or government/municipal procurements with strategic vendor negotiation.
Modern trends include all-pervading digitalization, connected cybersecurity issues, and protectionism in external trade
In the digital era, all market participants create their own products, aiming to satisfy customer preferences. Product development now typically involves five stages: idea generation, research and development, testing, analysis, and roll-out. The product life cycle refers to the commonly recognized stages a commercial product goes through during its existence
Project management (PM) is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. It is the bone of your project. PM has several approaches, in the digital world, the most popular mix of scrum, agile, and Kanban, it depends on the project's purpose. Choosing the right PM approach helps you to have a great project in the end. In the project, you can mix PM methodologies
A quality management system (QMS) is a system that formalizes all operational activities that are necessary for achieving needed quality. Operations management is concerned with designing and controlling the process of production.
Key trends in QMS include the adoption of Six Sigma and Lean practices in operations management, as well as increased emphasis on mobile accessibility, employee interaction, automation, and outsourcing
Turnarounds address declining or negative profits and stagnating sales. Restructurings address cash flow issues, insolvency, and bankruptcy. With the business environment becoming so volatile and unpredictable, an increasing number of companies must take dramatic actions to generate impact rapidly or risk going out of business
Effective risk management is one of the most important business sustainability factors. It includes not only an integrated system of various risk management but also its permanent examination, employee tutoring, future projects’ assessment, and establishing an optimal level of the entity’s risk appetite.
Nowadays, cybersecurity and confidentiality risks appear because of innovations and new technologies in companies
Sales comprise all the activities that an organization does to sell a product or service. Those who buy and those who sell are engaged in the exchange of values for each other. For one side, it is money, for another side, it is a product or service. In financial terms, sales represent a sum of the multiplication of all products sold by their prices.
In recent times, businesses are trying to create new values for customers and sell a product or service in the most convenient way for consumers
Strategic management is the process of setting strategic goals, strategy development, strategy implementation, and control over the strategy realization.
Today, in the era of rapid technological and societal changes, the role of strategic management has greatly increased. Now, strategies need to be updated faster and sway the organization's development more significantly
Strategy implementation is the process of performing a strategy that a plan converts into real actions being performed.
Among the major trends can be the agile transformation, artificial intelligence and big data application, and the development of a new department that is responsible for it instead of the HR department
