Aside from knowledge of and experience in a particular industry, employees also need to know best practices. For example, hedge fund giant BlackGold Capital Management had losses that were almost triple its initial audit report due to a misvaluation of debt holdings by valuation "experts" who deemed the processes and methodologies that they followed as "best practices". However, when losses nearly triple from from 6% to 17%, you have to wonder whether the methodologies used by those valuation experts were actually best practices for managing those energy bonds. The fact is, valuation methods for hedge funds and private equity differ greatly, so it's possible that the methods used were indeed best practices, just not for those funds. What they should've done, was hired a private equity consultant with experience managing high-yield bonds in the energy sector.Is this right information business consultancy services? I didn't get the right solution.