Management consulting (which comprises strategy consulting and operations
consulting) refers to both the practice of helping companies to improve
performance through analysis of existing business problems and development
of future plans, as well as to the industry composed of firms that
specialize in this sort of consulting. Management consulting may involve the
identification and cross-fertilization of best practices, analytical
techniques, change management and coaching skills, technology
implementations, strategy development, or operational improvement.
Oftentimes management consultants also rely on their outsider's perspective
to provide unbiased recommendations. Management consultants generally bring
formal frameworks or methodologies to identify problems or suggest more
effective or efficient ways of performing business tasks.
Management Consulting is becoming more prevalent in non-business related
fields as well. As the need for professional and specialized advice grows,
other industries such as government, quasi-government and not-for-profit
agencies are turning to the same managerial principles that have helped the
private sector for years.
While management consulting refers to providing business consulting
services, it can be hard to definitely distinguish between management
consulting and other consulting practices such as Information technology
consulting and human resource consulting because these fields directly
support business operations and often overlap the field of management
consulting.
From: Wikipedia
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MANAGEMENT
CONSULTING