needs of business services
Answers
Answer:
As we all know, many businesses make use of Professional Services and the specific needs of clients vary a lot. In addition, the global Professional Services industry is huge and their services provided cover all aspects of general business operations. From determining the best legal structure and establishing your corporate brand towards complex issues that come into play when going international or deciding on a strategy to beat your competitors.
Business Needs of a Small Business
versus a Fortune 500 Business
On the other hand, the core business processes of a small company do not differ that much from a fortune 500 company, in essence. Both businesses administrate their day-to-day activities, draft legal contracts, market their products, establish a website, have their logo and corporate identity designed, determine a long term strategy and pay their taxes. However, due to the limited resources of a small business and the simpler nature of their organization structure the advisory needs of smaller companies do differ a lot from the needs of a big enterprise that has organized all its activities in highly specialized and separate business processes.
In general, smaller business try to do as much as possible themselves. And when they need the help from an outside advisor it better be advice which is pragmatic and which can directly be implemented into the daily operations without to much hassle.
Big companies, on the other hand, are often organized as a functional matrix organization, whereby each department has its own specialization and is also managed by function specialists, like heads of Marketing, Finance, HR etc. As such, these departments have a lot of specific knowledge and when they need the help from an outside advisor such advisor generally has deep industry knowledge, knows a lot about a very specify subject but at the same time should have a clear helicopter view.