Business Management Consulting

Roseboro Holdings doesn’t just look to the future— we define it. We help unleash clients full potential, so they can turn possibilities into reality. And advance the world.

Our business management team delivers the products, infrastructure, and content that empower and enlighten, and that boost resilience and sustainability—across industries, and across society. But they also face important challenges, and thus they need to think boldly, respond quickly, and continuously improve. Our business management consultants help companies do that, taking a collaborative, fact-based approach to solving business problems. Together, we build a foundation for delivering tangible, positive, and lasting change.

How We Help Business Management Clients Continuously Improve

Our experts develop the business models, strategies and capabilities—technical and human—that spark transformation, insight, innovation, and value. They’re supported by research that brings a holistic approach that we apply to our client work.

Capabilities

Financial management 
Financial management deals with finding a healthy balance between profit and risk so that even with a setback, the business is profitable in the long term. This type of business management involves planning, directing, and coordinating with a business's accounting, investing, banking, insurance, securities, and other financial activities. 

The three critical elements of financial management are financial planning, financial control, and financial decision-making. Short-term financial management is often referred to as “working capital management” and relates to cash management, inventory management, and debtor management. Both the assessment and technique of financial decisions fall under this type of business management. 

The three pillars/elements of financial management: 

 - Strategizing/planning: Identifying what needs to happen financially for the company to achieve its short-and-long-term goals.   

- Decision-making: Helping business leaders decide the best way to execute plans by providing up-to-date financial reports and data on relevant KPIs. 

- Controlling: Ensuring each department contributes to the vision and operating within budget and is aligned in alignment with the strategy. 

Strategic vs Tactical financial management: 
On a tactical level, financial management procedures govern how you process daily transactions, perform the monthly financial close, compare actual spending to what’s budgeted and ensure you meet auditor and tax requirements.

On a more strategic level, financial management feeds into vital FP&A (financial planning and analysis) and visioning activities, where finance leaders use data to help line of business colleagues plan future investments, spot opportunities, and build resilient companies. 

Objectives of financial management: 

·       Maximizing profits. 

·       Tracking liquidity and cash flow. 

·       Ensuring compliance. 

·       Developing financial scenarios. 

·       Manage relationships. 

Human resource management 

Human resource management (HRM) focuses on recruiting and managing an organization’s employees. This includes compensation, hiring, safety and wellness, benefits, and other aspects of employee administration. 

A common misconception about HRM is that it’s solely the responsibility of a human resources department or individual. In reality, all department managers should understand that effective HRM enables employees to contribute effectively and productively to the overall direction and goals of the company. In the past, HRM focused more on personnel administration, but a modern HRM approach uses employee programs to positively impact the staff and the business as a whole. 

 Importance of human resource management: 

The role of HRM practices is to manage the people within a workplace to achieve the organization’s mission and reinforce the culture.  When done effectively, HR managers can help recruit new professionals with the skills necessary to further the company’s goals and aid with the training development of current employees to meet objectives. 

A company is only as good as its employees, making HRM a crucial part of maintaining or improving the business's health.  Additionally, HR managers can monitor the state of the job market to help the organization stay competitive; this could include making sure compensation and benefits are fair, events are planned to keep employees from burning out, and job roles are adapted based on the market. 

Objectives of human resources management: 
Societal objectives: Responds to the ethical and social needs or challenges of the company and its employees. 

Organizational objectives: It helps ensure the efficiency of the organization. 

Functional objectives: Guidelines used to keep HR functioning properly. 

Personal objectives: Resources used to support the personal goals of each employee. 

Strategic management 

Strategic management is the application of strategic thinking to the job of leading an organization. Many of the other branches of business management revolve around strategic management because the success of a business is often determined by financial, marketing, and operational strategies. 

Strategic management focuses on the big picture of a business: Where do you want to be, and how can you get there? Strategic management is adaptive, incorporates a competitive strategy, and keeps an organization relevant. The essential element of strategic management is formulating the organization’s goals and considering external factors such as regulation, competition, and technology. 

Key takeaways: 
Companies, universities, nonprofits and other organizations can use strategic management as a way to make goals and meet objectives.  

Flexible companies may find it easier to make changes to their structure and plans, while inflexible companies may chafe at the changing environment.  

A strategic manager may oversee strategic management plans and devise ways for organizations to meet their benchmark goals.  

Why is strategic management important? 

In business, strategic management is essential because it allows a company to analyze areas for operational improvement.  In many cases, they can follow either an analytical process, which identifies potential threats and opportunities, or simply follow general guidelines.  Given the structure of the organization, a company may choose to follow either a prescriptive or descriptive approach to strategic management.  Under a prescriptive model, strategies are outlined for development and execution.  By contrast, a descriptive approach describes how a company can develop these strategies. 

 Program and project management 
Project management is the planning, execution, and supervision of projects. Project managers prioritize obtaining the tools or knowledge needed to fulfill short-term and long-term project requirements. Program management is similar: It involves the same task for many projects, not just one. 

At the highest level, a project generally focuses on outputs, while a program focuses on outcomes. 

Program management Vs project management: 

Project management is the process of delivering value that incrementally moves the program forward.  Despite the emphasis on artifacts and deliverables, project management still involves strategy and planning, since a project manager must determine how to meet the goals laid out at the beginning of the project.  Once a project is underway, a project manager tracks progress, allocates resources, manages risks, communicates, and more. 

Program management entails managing a program with multiple related projects.  Since programs are linked to strategic initiatives, they are often long-running and possibly permanent.  Programs continue through organizational change, contribute to multiple goals, and contain many projects that deliver specific components of the larger strategic initiatives.  

Operations management 
Operations management is responsible for ensuring that all business operations departments are efficient. Managing the functions of a business means dealing with a plethora of departments, strategies, and processes. Operations teams must consider acquiring, developing, and utilizing resources their business needs to deliver the goods and services clients want. 

Operation management involves utilizing resources from staff, materials, equipment, and technology.  operations managers acquire, develop and deliver goods to clients based on client needs and the abilities of the company. 

Key takeaways: 

Operations management is the administration of business practices to create the highest level of efficiency possible within an organization.  

Operations management is concerned with converting materials and labor into goods and services as efficiently as possible.