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Consultants Review Magazine

Know the Who's Who

By Emmanuel Christi Das, Editor

The nature of employment in the consulting industry is highly diversified, with numerous specialised fields. In the business sector, consulting, which is an advise service, can include every facet of business operations, from tax to logistics.

Understanding the distinctions between the types of work performed by the various types of consulting firms can be difficult. Given that they can collaborate with customers, management and strategy consulting in particular are frequently misunderstood. Businesses employ consultants to complete special tasks that they are unable to complete themselves due to a lack of internal resources or expertise. These initiatives are centred on an organisational change, such as the introduction of new technology or a reorganised workplace. It does not make sense to permanently hire expensive staff until the change is executed, thus consultants are a common alternative. These projects are large and complex, but once finished, they can be managed by far fewer people.

In order to maximise the project's effectiveness and value, consultants also bring their experience from working on initiatives that are similar. Due to the connections between strategy and management consulting, there is frequently a point in a project where management takes over from strategy. In order to provide an end-to-end consulting package from strategy through execution, companies like PwC have bought strategy businesses. This might create issues and implementation concerns. Strong math and problem-solving skills, as well as creative thinking and high adaptability, are necessary for strategy consulting. Top strategy consultants must also possess excellent communication, time management, and organisational abilities in order to quickly connect with many business stakeholders and gather the data required to make informed judgments. Management consultants concentrate on bringing about change in an organisation, which may involve enhancing current operations or bringing about strategic transformation, usually preceded by a strategy. It is imperative to first identify business' requirement before choosing the right consultant.

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