Source: web.mit.edu
Topic: Consulting
Sort Desciption: The Consulting Industry can be divided into the following areas: ... Industry Specific Consulting: Focus is on a specific industry and can include strategy ...
Content Inside: Overview Companies and organizations hire consultants to strategize solutions to business organizational or industry specific problems. The value in hiring a consultant is a fresh perspective objectivity and/or a specific knowledge base or expertise. The Consulting Industry can be divided into the following areas: Management Consulting: Focus is on how a company or organization works to achieve its stated goals. This can include working on strategy operations and information technology. Strategy Consulting: Focus is on identifying the direction goals and growth of a company or organization within a specific industry. Information Technology (IT) Consulting: Focus is on using technology to help an organization become more efficient and achieve its goals. Industry Specific Consulting: Focus is on a specific industry and can include strategy management IT scientific or technical consulting. Consulting is a great introduction to the world of business. Consultants can experience intense workloads and hours however it can be rewarding in many ways. It can offer the opportunity for travel work variety high salaries and bonuses. In addition consulting firms are typically located in urban locations such as New York City Boston San Francisco etc which are often desirable places for recent graduates and business professionals. Professionals wanting to become more engaged in business decisions rather than making recommendations tend to leave consulting. The consulting industry can be greatly affected by the economy. Consultants may experience extreme highs and lows in the amount of projects in their workload. Temporary or permanent layoffs may occur when the project load is light. Experience Education and Skills Consultants have various backgrounds and credentials. Individuals with undergraduate degrees graduate degrees MBAs or previous work experience/expertise are all potential candidates for consulting positions. In general competitive applicants have stron ...
