Management Consulting

Management consulting, often referred to as business consulting, is defined as “advisory and/or implementation services to the (senior) management of organisations with the aim of improving the effectiveness of their business strategy, organisational performance and operational processes”. Management consulting is – due to the great diversity in disciplines and differences in required capacities of advisors – the broadest area within the consulting industry, and covers between 50% - 55% of the total consulting market.

Management consultants are hired by decision makers for advise on, among others, strategy and organisational matters.

They can be asked to develop a new strategic plan to, for instance, realise more growth, or commissioned to advise on innovation or cost reduction strategies.

Implementing the proposed solutions also belongs to their tasks, and in practice the execution side of consulting forms the largest market for management consultants. Assignments can vary from improving the efficiency of business processes, the implementation of new IT systems, outsourcing of non-core tasks or optimising the supply chain.

Management consultants typically remain involved until change transitions are complete and new ways of working have become part of 'business as usual' operations.