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Glossary: Consulting

Definition: Consulting refers to the professional advice of companies and organizations in various areas.

External consultants support their clients in solving complex problems, optimizing processes, achieving strategic goals and increasing company performance.

Keywords: Consulting, management consulting, consulting, external consultants, clients, problem solving, process optimization, strategic Set, company performance

Types of Consulting:

There are different types of consulting that specialize in different areas. Common types of consulting include:

  • Management consulting: Consultants support companies in improving their leadership structures, organizational development and strategic planning.
  • Corporate strategy consulting: Consultants help companies develop and implement their long-term strategy.
  • Restructuring advice: Consultants support companies with restructuring measures, change management and process optimization.
  • Financial advice: Consultants advise companies on financial matters such as M&A transactions, financing and risk management.
  • Personnel consulting: Consultants support companies in finding personnel, developing personnel and establishing effective human resources management.
  • Marketing advice: Consultants help companies optimize their marketing strategies, attract new customers and increase their brand awareness.
  • IT consulting: Consultants support companies in introducing new IT systems, optimizing their IT infrastructure and digital Transformation.

Keywords: Arten Consulting, Management Consulting, Corporate Strategy Consulting, Restructuring Consulting, Financial Consulting, Human Resources Consulting, Marketing Consulting, IT Consulting

Differentiation from other areas:

Consulting differs from other areas of business management in the following ways:

  • Management: While management is responsible for the operational management of the company, consultants provide support with strategic management Development and optimization.
  • Training: Training focuses on imparting theoretical knowledge and practical skills to employees, while consulting includes advising company management.
  • Interim management: Interim managers temporarily take on management tasks in the company, while consultants provide advice.

Keywords: Demarcation consulting, management, training, interim management

Advantages of consulting:

Companies benefit from consulting in many ways:

  • Objective analysis and problem solving: External consultants bring a neutral perspective and can objectively analyze problems and develop suggestions for solutions.
  • Specialized expertise: Consultants have in-depth knowledge and experience in their respective fields.
  • Support with complex challenges: Companies can receive support from experienced consultants in overcoming complex challenges.
  • Improvement of processes and procedures: Consulting can help companies optimize their processes and procedures and make them more efficient.
  • Achieving strategic goals: Consultants support companies in developing and implementing their strategic goals.

Keywords: Advantages Consulting, objectivity, specialist knowledge, complex challenges, process optimization, strategic goals

Choosing a consulting company:

When choosing a consulting company, companies should consider the following aspects:

  • Experience and expertise: Does the consulting company have experience in the respective industry and the specific problem area?
  • Methodical competence: What methods and procedures does the consulting company use?
  • Credentials: Can the consulting company demonstrate successful projects in similar companies?
  • Chemistry and communication: Does the chemistry between the advisor fit?team and the company's managers?
  • Costs and fee models: Are the costs for the consultation transparent and does the fee model suit the needs of the company?

Keywords: Selection of consulting companies, experience, expertise, methodology, references, chemistry, communication, costs, fee models

And finally ...

Consulting is an important part of modern corporate management. By adding external expertise, companies can overcome their challenges, optimize their processes and achieve their strategic goals.

Keywords: Conclusion Consulting, corporate management, challenges, process optimization, strategic goals

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