Consulting firm

From Simple English Wikipedia, the free encyclopedia

A consulting firm or simply consultancy is a professional service firm that gives expert advice for a fee. Consulting firms may have one employee or thousands; they may consult in different topics, for example, management, engineering, and so on. Management consultants typically work with company executives and give them generalists and industry-specific experts, usually trained in management or in business schools. Management consultant usually give recommendations for achieving the goals of a company or helps to lead a project of a company. Many consulting firms not only give the recommendations, but also help with implementation, either by the consultants or by technicians and other experts. This is called outsourcing.[1]

Types[change | change source]

There are different types of Consulting Firms serving different sectors.

These fields are:

  • Architecture and Engineering
  • Financial services
  • Health care
  • Hotel and hospitality industry
  • Human resources
  • Information technology
  • Legal
  • Management
  • Music
  • Regulatory compliance

In addition to the above-mentioned fields, there are consulting firms that serve niche sectors such as

  • advertising/marketing/public relations consulting
  • environmental consulting
  • entertainment/media consulting
  • energy consulting
  • consulting in politics and the public sector
  • real estate consulting
  • recycling consulting
  • commodities consulting

References[change | change source]

  1. Turner, Arthur N. (1982-09-01). "Consulting Is More Than Giving Advice". Harvard Business Review. ISSN 0017-8012. Retrieved 2021-09-27.