Consultancy firms target company executives and provide them with consultants, also known as industry-specific specialists and subject-matter experts, usually trained in management or business schools. The deliverable of a consultant is usually advice or a recipe to follow to achieve a company objective, leading to a company project.

More and more consulting firms are complementing the strategic deliverables by providing the means to implement the recommendations, either with the consultants themselves or by providing technicians and/or experts. This has opened up new markets for these companies. This is called outsourcing.

Services related to the company’s overall strategy, which are addressed to the CEO,

Services related to the company’s operations, including information technology, intended for operational management, which may be different depending on the industrial sector (technology director, plant managers, operations directors, Research and Development managers), for instance COO and CTO.

Management consulting is the practice of helping organizations to improve their performance. Organizations may draw upon the services of management consultantsfor a number of reasons, including gaining external (and presumably objective) advice and access to the consultants’ specialized expertise.

As a result of their exposure to, and relationships with numerous organizations, consulting firms are typically aware of industry “best practices.” However, the specific nature of situations under consideration may limit the ability to transfer such practices from one organization to another.