When people think of consulting, they think of Harvard MBAs advising large corporations on corporate strategy. They imagine a posh office with thousands of immaculately dressed employees, each with a suitcase packed and ready to board yet another overseas journey. However, this isn’t an accurate picture of consulting. The true picture of modern consulting is a lot closer to home.
A consulting firm, often known as a consultancy, is a professional service firm that charges a fee for expert advice. Consulting firms can provide services in a variety of fields, such as management, engineering, marketing, and so on. Management consultants, in particular, engage with company executives to provide generalists and industry-specific specialists, referred to as subject-matter experts, who are normally schooled in management or business schools. Many consulting organizations offer implementation assistance, either from the consultants themselves or via technicians and other professionals.
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