The idea of penning this blog came to my mind, when I
decided to take stock of my short but eventful stay in consulting. At the start
of my consulting career, I got to interact with a few US based partners or
principals (as they call them over there) and it gave me some insights about
how consulting works in the US. My further interactions with Indian clients and
colleagues tells me that India is different from its foreign
counterparts. In this post, I will focus on five major challenges that consultants
usually face in India. Before igniting the discussion, I must say that the list is not exhaustive and the challenges may differ based on the consulting firm one is associated with.
Data: Getting accurate and adequate data is a major issue in
India. If I go by the inputs from one of my US based manager, market assessment, feasibility or sizing
assignments are very few and far between in developed economies whereas India
is replete with such projects. It wasn’t
a surprise when I came across an article that said that Indian-based KPOs and
analytics firms do an excellent job crunching numbers for their foreign clients
but struggle while coming up with such insights for Indian clients. And its not a surprise that most of
the blame lies with quality of data. The need for 3-4 types of ID proofs in
India is another proof that data is not “proven” yet. So you may have a hard
time drawing meaningful insights from them.
Experience: Consultants, unlike scientists, don't invent new offerings
rather they rely on innovation or improvisation to draw insights from “collective wisdom” be it in the form
of knowledge of various team members or experiences gained through previous
engagements in similar industries or by handling similar issues. With major
consulting firms having less than two decades of presence in India and the
country witnessing major changes in the intervening period, one may still be
some distance away from being “too-old” to “know it all”. Similarly for the clients, their limited experience of engaging with the consultants is one of the major reasons for
their apprehensions.
Diversity: It is hard to imagine a country as vast and
diverse as India. A sector may be organized and consolidated down south but may still be unexplored in the east. As the market matures, one may get an idea about a particular sector in a given corner of India but to come up with findings that apply to the entire country, one may have to assess them separately and independently. This would require
covering the geography either as an individual or tapping into local resources
if available. Different languages, cultures, dis-aggregated population, varying
income levels etc., ensure that achieving the above tasks won't be easy.
Openness: As a consultant, one has to conduct numerous
interviews at the client end, participate in focused group discussions, touch-base
with competitors and other stakeholders. But
blame it on the pesky telemarketers or the consultants’ image, it’s not easy to
convince the external stakeholders to spare a few minutes for you, unless you have a feminine voice. One of the major roadblocks, is the inability
of the prospective interviewees to differentiate industry standards or macro trends from strategic or confidential information. But, things may change
if you have a close contact who connects you with the right person. It could
also boil down to consultant’s ability to engage with
the interviewee but I would also attribute the lack of openness to the Indian culture of family owned businesses wherein the major reliance is on close relatives for critical tasks (read financials) or for sharing useful information.
So, in a nutshell, India is undoubtedly a challenging space
as far as consulting is concerned but if you have the right attitude, there are
rewards to be had. Waiting to hear from you all.
Very accurate ...
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