London Networking Solutions Article Example | Topics and Well Written Essays - 3750 words

London Networking Solutions - Article Example (This is a brief introduction to a ghost company, which is not in existence in reality. It's just a creation to answer the question.) MaxiProfit is a management consultancy firm. Management consulting simply refers to both the industry, and the practice of, helping organizations to basically improve their performance, primarily through the analysis of existing business problems and development of plans for improvement. Organizations often hire the services of management consultants. This is because the pursuit of expansion is vigorous and extensive. Experts in the business fields are therefore required for a number of reasons, including, for example, to gain external, and presumably more objective advice and recommendations, which may help solve the problem at hand or for long term plans. Another is to gain access to the consultants' specialized expertise, where the hiring of permanent employees is not required. Because of the exposure of consultants and their relationships with numerous organizations, consultancies are also said to be aware of industry 'best practices,' this is as noted by Sam Palmisano of IBM (2007) although the transferability of such practices from one organization to another is the subject of debate. Upon successful negotiation of a deal, Consultancies may also provide organizational change management assistance, development of coaching skills to the lead staff of the Host Company, technology implementation, strategy development, and operational improvement services. Management consultants generally bring their own, wealth of methodology and frameworks to guide the identification of problems, and to serve as the basis for recommendations for more effective or efficient ways of performing business tasks. Planning is basically important, so as to end up with a workable procedure. This will help save on many things especially financial. Small and medium enterprises Companies always enter into acquisitions for the main reason of assuming the market monopoly. Ancient philosophers once noted that it's better to expand to a giant. One Socrates further created a light moment that one needs not worry of growing slowly but rather should worry of standing still. Growth by acquisition is a thoroughly tried and trusted strategy. This system allows one to move into new markets or increase their existing market share at much more rapid rate than would be likely through the commonly used organic expansion. This is as discovered by Anita Roddick of Beware management consultants (the learned man 2007). Companies hit the mergers acquisitions trail for a host of reasons. Among those noted also include: 1. Taking the threats of main competitors out of the market. For London Networking Solutions the main competitors are all the IT firms that perform network installations within and without the great UK. IBM and SAGEM, being some of them. 2. Another reason could be to Scale up in a particular sector. These sectors include servicing of the installed networks, offering of spare parts and consultancy as far as IT is concerned. These are the main interests of London Networks.