Management Consulting
At its most simple, management consulting is how managers maximise their company's efficiency and business practice. The Management Consultancies Association defines the field as "the supply of independent advice and assistance to clients about management issues. This service typically includes identifying and investigating problems and/or opportunities, making recommendations for appropriate action and helping to implement those recommendations." In effect, management consultants solve problems and plan solutions, normally on a short-term project basis.
Strategy Consulting
Strategy consultancy is a more complete assessment of a company's direction and practices, going further than just solving problems, to provide an accurate plan for a client's future operations.
Financial Services Consultancy
All financial transactions involve an element of risk, and it is the financial consultant's role to evaluate that risk and advise clients whether it's worth taking. Considerations will not be exclusively financial, however, and consultants need to apply more general thinking on company direction to the formulation of financial policy. No company conducts its business in a vacuum, and the job of a financial consultant is to assess the full range of considerations that a client should take into account in order to maximise their company's profitability.
IT Consultancy
Like finance, IT may not feature in a company's core objectives, but it pervades their practices to such an extent that the way they run their IT setup will not only keep them in the game, but can put them ahead of the competition. Specialist knowledge of systems and operations applied to the client's target market will form the bulk of the skills required and jobs performed in the field.
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