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Management Consulting
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Year after year, individuals and organizations from the public and private sectors turn to companies known to give expert advice on matters ranging from operational processes to financial problems to security issues to information technology solutions. These experts are known as management consultants – professionals who offer advisory services that help companies in designing and developing organizational, operational, and functional process. Corporate firms avail management consultancy services due to their increasing size and the need for improved efficiency owing to increased global competition.
In terms of services offered, management consulting firms can be broadly classified into two categories — horizontal consulting services and vertical consulting services. Horizontal consulting services span across different industries, but specialize in a functional area, like strategy or human resources. Vertical consulting services are industry-specific, such as financial services, healthcare, energy, and consumer goods, but cover functional areas across the-board.
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