ENTREPRENEURSHIP

ENTREPRENEURSHIP AND THE GLOBAL ECONOMY

GLOBALIZATION AND ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why would you use outside consultants (like HR, payroll, accountants, or advertising agency)?
A
To identify customer needs
B
To sell goods and services
C
To advertise
D
To help with tasks which are specialized or which you are not good at.
Explanation: 

Detailed explanation-1: -Expertise is one of the most logical and common reasons for hiring external consultants. Most often, their activities are limited to a very narrow area, which allows them detailed expertise and providing the maximum potential of new models and methods needed for the business of any sector or organization.

Detailed explanation-2: -External consultants are very helpful agents of change. They can identify the need for change, manage the change program or support the change. Because an external consultant has not worked in the organization for some time, they are limited by the natural resistance to change that many people have.

Detailed explanation-3: -Advantages of external consultants Research has shown that clients have more confidence in external consultants than in internal consultants. The function often demands an inquisitive and firm hand, a role that external advisors frequently fulfill, and one that is more difficult to fill with internal advisors.

Detailed explanation-4: -External consultants have a diverse clientele and can seek work with many organizations. They don’t typically work continuously with any one company. Internal consultants work continuously within one company and don’t seek work with outside companies, so their client remains the same at all points in time.

There is 1 question to complete.