The Role of the External Consultant

Frank Vielba and Carol Vielba

Chapter 12 in Reducing the M&A Risks, 2006, pp 171-182 from Palgrave Macmillan

Abstract: Abstract A consultant is someone that provides expert and professional advice. Many of the characteristics and skills that we discuss here apply generally to any management consultant. The focus here, however, is on the consultant that gives expert and professional advice in the area of IT in the context of an M&A project. The advice may be technical or managerial. Based on our research the use of IT consultants in an M&A project is still limited. Despite the evidence of associated IT risks in an M&A project most companies prefer to go alone rather than use external IT consultants. The main reason seems to be that companies associate consultants with high fees and they believe that using own resources is more cost effective than using consultants.

Keywords: Business Process; Consultancy Firm; Professional Advice; External Consultant; Strategic Option (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51436-2_12

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DOI: 10.1057/9780230514362_12

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