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Business
consulting is the industry and practice of helping
organizations improve their performance primarily through
the analysis of existing business problems and development
of plans for improvement. Organizations hire the services of
consultants for a number of reasons, including gaining
external (and presumably objective) advice and access to the
consultants' specialized expertise. Because 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 problematic depending on the
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 generally 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 business
tasks.
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