answersLogoWhite

0


Best Answer

If one has never needed to work with a consulting firm, he or she may have no idea what it is, or what a consultant is. A consulting firm is, as expected, a firm made up of various consultants. They do work for other companies, or for the government. There are many different kinds of consultants, and they provide various services for those who do not have the time, knowledge, or resources to do the same work themselves.

To begin, a consultant is a person who is has a particular body of knowledge that they can impart to others seeking this knowledge. They may have a wide range of education on the subject, or they may have experience in the field. Consultants are go-to people when a company or person needs to know information that is particularly specialized. They can be seen as experts, or brains, in their particular field or line of work. Consultants may work on their own, or they may be part of a larger firm.

A consulting firm is a grouping of consultants that provides particular informational services to companies, governments, or non-profits. Usually consulting firms will include people who specialize in various aspects of a particular field. For instance, an environmental firm may include trained field scientists, coordinators, researchers, specialized experts (like biologists), and people who are knowledgeable about regulations. Environmental firms in particular can help city developers assess the possible environmental impacts of a new development, which can help reduce problems associated with new buildings and systems.

These firms are highly variable, however. Oftentimes government agencies look to consultants, but consultants are also needed for the business world. Since a consulting firm is part of the free market, it is subject to the laws of supply and demand. If companies are looking for expertise in the field of information technology, then more IT consulting firms may pop up. On the other hand, changing markets may lead some consulting professions to become less valuable, which can lead some firms to go out of business.

Consulting firms can be seen as the professional educators of the business and government world. They teach, but not for free.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What a Consulting Firm is and Why It Exists?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Management

A sales force manager needs to have information in order to decide whether to create a custom motivation program or purchase one offered by a consulting firm What are the dilemmas the manager faces yo?

it is ab


A sales force manager needs to have information in order to decide whether to create a custom motivation program or purchase one offered by a consulting firm. What are the dilemmas the manager faces?

A sales force manager needs to have information in order to decide whether to create a custom motivation program or purchase one offered by a consulting frim. what are the dilemmas the manager faces in selecting either of these alternatives?


Which companies offer IT management consulting?

There are quite a few companies that offer IT management consulting. A few include: Monitor Group, Capco, Bearingpoint, Collinson Grant and Slolom Consulting.


Where can one find information about management consulting firms?

A number of websites provide information about management consulting firms such as stormscape. Stormscape has an extensive list of management consulting firms that are ranked.


What is Management Consulting Online?

Management consulting online is a new development and could mean one of two things: First option is to cut out the traditional consulting firms and offer services directly to companies OR offer the consulting manuals and tools directly to companies. Lillilooloo.com pioneered this in 2009, and before that Gazhoo.com tried to do this. Lillilooloo.com offers companies a cheap option to buy consulting research and manuals online. Clients can work directly with the consultants, buy manuals and methodologies at much, much lower fees than a traditional firm. For example, McKinsey could charge about $45,000 for a weeks work to produce a business case analyses framework. You can pretty buy the same guide for $50 on the Lillilooloo.com site. The other option is where the big consulting firms try to offer consulting work only through an online portal. E&Y, Accenture and Deloitte tired this and it all failed. This happened because the company was still built on a model of hiring full-time consultants and the lower fees from the online portal never really recovered the consultant overhead.

Related questions

Which Is the best IT consulting firm in Texas?

Candid8 is the best IT Consulting firm in Texas


When was Transform - consulting firm - created?

Transform - consulting firm - was created in 2001.


Is the company Daxue Consulting a good consulting firm?

yeah, I know Daxue Consulting, and it is the most cost-efficient consulting firm, and it provide reliable and flexible market research in China, and consulting in China, and entrance strategy in China.


What are disadvantages to hiring a consulting firm?

price $$$


Hire a Business Consulting Firm?

form_title=Hire a Business Consulting Firm form_header=If you're looking at expanding into a new direction or need advice, consider hiring a consulting firm. Do you want to hire consultation services on a long-term basis?= () Yes () No What kind of consulting are you looking for?=_ What type of business do you own?=_


What french consulting firm has a spade in its Logo?

Capgemini


How would one go about getting in touch with consultants from the Mercury Group Consulting firm?

One could go about getting in touch with consultants from the Mercury Group Consulting firm if one needed to. One would do this by calling the Mercury Group Consulting firm at (954)-680-2121.


What is bryter - research.co.uk?

Their are a consulting firm. The link has more information.


What is a Specialist Consultant Firm and what is its purpose?

A specialist consulting firm is a firm that caters to a specific need in business. A consultant my focus on creating profit for businesses.


What are some good consulting firms?

McKinsey is the most powerful and the top consulting firm in the United States. Second would be Bain, followed by The Boston Consulting Group in third.


What kind of work would a technology consulting firm be involved in?

The kind of work that a technology consulting firm could be involved in is advising businesses how to use information technology to achieve their goals. IT consulting firms often outsource to businesses, by estimating, managing, and implementing IT systems for a business.


When was the Gallup Consulting firm established?

George Gallup established the Gallup Consulting firm (also called Gallup, Inc) in 1935. This company is still popular today. Surveys are often made from the Gallup company.