Management consulting

Practice of helping organizations to improve their performance / From Wikipedia, the free encyclopedia

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Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives.[1] Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and accessing consultants' specialized expertise regarding concerns that call for additional oversight.[2]

As a result of their exposure to and relationships with numerous organizations, consulting firms are typically aware of industry "best practices".[3] However, the specific nature of situations under consideration may limit the ability or appropriateness of transferring such practices from one organization to another. Management consulting is an additional service to internal management functions and, for various legal and practical reasons, may not be seen as a replacement for internal management. Unlike interim management, management consultants do not become part of the organization to which they provide services.[4][5][6]

Consultancies provide organizational change-management assistance, development of coaching skills, process analysis, 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 with a view to more effective or efficient ways of performing work tasks.[4]