Management consulting is the practice of helping organizations to improve their performance, primarily through the analysis of existing organizational problems and development of plans for improvement. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants' specialised expertise.
As a result of their exposure to and relationships with numerous organizations, consulting firms are also said to be aware of industry "best practices", although the transferability of such practices from one organization to another may be limited by the specific nature of situation under consideration.
Consultancies may also provide organizational change management assistance, development of coaching skills, technology implementation, strategy development, or operational improvement services. Management consultants often bring their own proprietary methodologies or frameworks to guide the identification of problems, and to serve as the basis for recommendations for more effective or efficient ways of performing work tasks.
Read more about Management Consulting: History, Function, Approaches, Current State of The Industry, Trends, Government Consultants, Salary, Criticism, Professional Qualifications
Famous quotes containing the words management and/or consulting:
“The management of fertility is one of the most important functions of adulthood.”
—Germaine Greer (b. 1939)
“Although those notes, in conformity with custom, come after the poem, the reader is advised to consult them first and then study the poem with their help, rereading them of course as he goes through its text, and perhaps after having done with the poem consulting them a third time so as to complete the picture.”
—Vladimir Nabokov (1899–1977)