The Management Consulting Industry

Management consulting covers a wide range of services and can be defined as independent advice and support on management issues. In a world that is constantly becoming more complex, but also faster, the need and requirement for neutral, expert advice from outside is more important than ever. The management consultant is therefore a provider of help, a supporter, a spokesperson, but also a seizer of opportunities, a problem solver and a decision maker.

 

What are the tasks of a management consultant?

The tasks of a management consultant can be very diverse. Opportunities, challenges and problems for corporations, companies, SMEs, entrepreneurs, the self-employed, but also public authorities, municipalities or associations exist in very many constellations and variations. Sometimes it's about growth in the digital environment, sometimes a company has to strategically reinvent itself, sometimes it has to consider entering a new market, product or spatial environment. Or employees of client companies have to be talked up, taken along in change processes and, unfortunately, when a company is on the brink of collapse, also dismissed with social responsibility. Many consulting firms therefore have their individual focal points where one can build up special know-how as a consultant. The focus of a consultancy can, for example, relate to the end clients' sectors, to their divisions, to regions or to certain forms of organisation.

 
 

What can management consultants specialise in? 

There are many areas in which management consultants can specialise. These include, for example:

- Process consulting

- Organisational consulting

- Strategy consulting

- Succession consulting

- Reorganisation consulting

- Start-up consultancy

What the consulting profession has in common is that the consultant has to familiarise himself with topics quickly, but in a well-founded way. He or she must be able to recognise even complex interrelationships, to unmask apparent causes for problems as such, to get to the bottom of real causes, to recognise and develop perspectives and ways out and to check their feasibility.