BUSINESS CONSULTANCY
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BUSINESS CONSULTANCY SERVICES
The consultancy industry is one of the most diverse markets within the professional services industry, and, as such, a wide spectrum of types of consultant are found in the industry. Moreover, being a ‘consultant’ is not
a protected professional title like most other professions, and, as such, anyone can title themselves strategy, management, business, finance, HR or IT consultant. Given the widespread areas in which a consultant can
operate, and added to this the variety of work places a consultant can access, there has been a sharp rise in the number of independent consultants over the past few years. Following the influx into the industry, a
common definition of a ‘consultant’ has become more difficult to reach.
Over the past few decades, branch specific associations and analysts have developed different definitions in order to categorise the diverse types of consultants active in the field. AEROWAVE CHARTER GROUP adheres to the approach used by Kennedy Information, an American research agency that has been analysing the consultancy market since the ‘60s
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Strategy Consultation
The term Strategy Consultant is used to describe consultants who operate at the highest level of the consultancy market, with focus on strategic topics like corporate and organisational strategy, economic policy, government policy and functional strategy. For this reason, strategy consultants generally carry out work assigned by top managers, like CxOs, directors and senior managers. Seeing that the nature of strategy consulting differs from the other more implementation and operational driven areas, strategy consultants generally have a different profile than their peers. Their focus lies more on quantitative/analytics skills, and their job description revolves more around giving advice than overseeing implementation.
Management Consultation
Management consultants, in practice also known as business consultants or organisational advisors, are consultants who focus on all sorts of organisational concerns from strategy to a variety of elements within management. In the methodology upheld by Kennedy as well as AEROWAVE CHARTER GROUP, Management Consulting is a collective term used for all services that fall under Strategy Consulting, Operations Consulting and HR Consulting. For that reason, management consultants form the vast majority in the advisory branch – more than half of all advisors can be defined as a management consultant.