Source: www.bls.gov
Topic: Consulting
Sort Desciption: ize in one area of consulting. Administrative management and .... services similar to those offered by management consulting firms ...
Content Inside: 205 Nature of the Industry Management scientific and technical consulting firms influence how businesses governments and institutions make decisions. Often working behind the scenes these firms offer resources that clients cannot provide themselves. Usually one of the re- sources is expertisein the form of knowledge experience spe- cial skills or creativity; another resource is time or personnel that the client cannot spare. Clients include large and small companies in the private sector; Federal State and local gov- ernment agencies; institutions such as hospitals universities unions and nonprofit organizations; and foreign governments or businesses. The management scientific and technical consulting ser- vices industry is diverse. Almost anyone with expertise in a given area can enter consulting. Management consulting firms advise on almost every aspect of corporate operations includ- ing marketing; finance; corporate strategy and organization; manufacturing processes; information systems and data pro- cessing; electronic commerce (e-commerce) or business; and human resources benefits and compensation. Scientific and technical consulting firms provide technical advice relating to almost all nonmanagement organizational activities including compliance with environmental and workplace safety and health regulations the application of technology and knowledge of sciences such as biology chemistry and physics. Larger consulting firms usually provide expertise in a vari- ety of areas whereas smaller consulting firms generally special- ize in one area of consulting. Administrative management and general management consulting services firms for example of- fer advice on an organizations day-to-day operations such as budgeting asset management strategic and financial planning records management and tax strategy. A manufacturing firm building a new factory might seek the help of consultants to determine in which geographic location it would incur the lowest star ...
