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