A consultant’s framework is a systematic enterprise tool used to deliver key functions efficiently and guides to ensure that strategic plans are followed to achieve goals. Consulting frameworks These management consulting frameworks usually include external factors that limit business performance and limit success. Consultants using professional frameworks help solve professional problems or “pain points” through consulting. Many top consulting frameworks include, among other things, markets and industry, business competition, internal valuation, and financial valuation. Porter’s Five Forces This framework helps analyze the competition and where your business stands in the market ecosystem. The results determine whether the market is favorable or not. Named after Professor Michael Porter, who developed the framework, the two horizontal threats, one rivalry, and the two vertical bargaining powers, as follows: The threat of newcomers – This involves the risk of the customer flow shifting to another organization.Industry Competition – Competitive dynamics determine the importance of…