Consulting

Strategy consulting, often referred to as strategy consultancy, strategic advisory or boardroom consulting, is regarded by the majority of consultants as the most ‘high-end’ and prestigious segments within the professional services industry. A strategy is defined as “a plan with the aim of realising long term goals”, and organisations regularly engage with strategy consultants to support them in developing and implementing business strategies. The strategy consulting domain focuses on supporting private sector clients with the development of corporate, organisational or functional strategies and helping public sector organisations and institutions with economic policy.

Management consulting, often referred to as business consulting, is defined as “advisory and/or implementation services to the (senior) management of organisations with the aim of improving the effectiveness of their business strategy, organisational performance and operational processes”. Management consulting is – due to the great diversity in disciplines and differences in required capacities of advisors – the broadest area within the consulting industry, and covers between 50% – 55% of the total consulting market.

Operations consulting, also referred to as operations management, is defined as advisory and/or implementation services that improve a company’s internal operations and performance in the value chain. Operations management consulting projects create more effective client operations by advising on and supporting with the implementation of changes to target operating model, functional business processes, management systems, culture and other elements part of the value chain.

IT consulting, also referred to as technology consulting, relates to services aimed at helping clients on how they can utilise information technology (IT) and digital to optimally achieve their business goals. The IT consulting segment spans both advisory and implementation services, but excludes transactional IT activities.

The Financial Advisory (or financial consulting) segment delivers consulting services that build on a strong financial analytical fundament. Service offerings span a wide variety of topics, such as transaction services, risk management, tax advisory, real estate advisory, compliance and litigation services to name a few, however, financial and accounting skills always stand at the heart of the services delivered..

Human resource (HR) consulting, also referred to as human capital advisory or HRM consulting, spans advisory and implementation activities related to the management of an organisation’s human capital and the HR function. The scope of services range from overarching work on human capital strategy to the design and deployment of a compensation & benefits framework down to the transformation of the HR function.