Consulting
Consulting is defined as the practice of providing a third party with expertise on a matter in exchange for a fee.
The service can involve either advisory or implementation services. For the consultant, taking an independent and unbiased stance on an issue is central to their role. A consultant can, in principle, service any sector. Over the past decades, the term has become synonymous with business advisory, focusing primarily on business strategy, management, organization, operational processes, and technology [Consultancy.uk].
Consulting is loosely applied to providing business advice on various topics, including marketing, information technology, operational improvement, and corporate strategy. But what most people mean when they talk about consulting is management consulting.
Management consulting firms include top strategy firms such as Bain, BCG, and McKinsey. These firms hire business-savvy problem-solvers to help their clients:
Define the problems or opportunities their businesses face,
Collect and analyze data to better understand the problem/opportunity and identify a recommended course of action, and
Plan the implementation of that solution across the company [My consulting offer].
What is consulting?. Consultancy.uk. Retrieved from: https://www.consultancy.uk/career/what-is-consulting
What is consulting & what do consultants do?. My consulting offer. Retrieved from: https://www.myconsultingoffer.org/what-is-consulting/