Lack of in-house knowledge
Strategy and intelligent use of data are important for almost every company in the world, but many companies don’t have the talent in-house to do these things. They don’t hire the necessary resources in-house because it doesn’t need to be within their core competencies, and often outsource it to consultants.
Sometimes something is a problem for months and nobody in a company can solve it.
The client feels better about hiring external help when they have a methodology, when they can say - “We have a better mousetrap than anybody””
Graph:
- 105.20 Consulting - Three reasons companies hire consultants to 105.20.20 Consulting - Lack of in-house knowledge