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

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

↑ Turner, Arthur N. (1982-09-01). "Consulting Is More Than Giving Advice". Harvard Business Review. ISSN 0017-8012 . https://hbr.org/1982/09/consulting-is-more-than-giving-advice. Retrieved 2021-09-27.

[1] Turner, Arthur N. (1982-09-01). "Consulting Is More Than Giving Advice". Harvard Business Review. ISSN 0017-8012 . https://hbr.org/1982/09/consulting-is-more-than-giving-advice. Retrieved 2021-09-27.

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