Considerations for Third-party Consulting Engagements

Topics: Administration and Finance, Third Party Partnerships

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Research Questions

  • What factors motivate administrators to seek third-party consulting engagements?
  • What findings do consulting engagements produce? How do findings reflect administrators’ expectations?
  • How do administrators incorporate the findings of consulting firms into institution practices?

Summary

Third-party consulting engagements offer institutions unbiased insight into organizational realignment and process improvement but can cost institutions millions of dollars. This brief examines the context of consulting engagements and which firms institution leaders consider. This brief also includes findings of consulting engagements and how leaders incorporate firms’ suggestions into institution practices.