Question
Some examples of management consulting frameworks include the SWOT Analysis, Porter's Five Forces, the Balanced Scorecard, and the McKinsey 7S Framework. These frameworks help managers to perform key tasks based on best practices and ensure that their internal systems are on the right track.
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According to SMB Advisors, management consulting frameworks are tools and principles that enable managers to perform a variety of key tasks in an attainable manner based on best practices. More specifically, the firm says, "since businesses have different structures and may operate in different industries markets – and may have different departments that are needed to engage in key projects – management consulting frameworks become a GPS that a company can use to ensure that their entire internal systems are on the right track, and follow the company's overarching strategic plan."
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