Remove Definition Remove Development Remove Operations
article thumbnail

4 Ways to Develop Practical Business Understanding for Consulting

Management Consulted

Many history, English, and art majors, engineers, and law students – all of interest to consulting firms, but lacking in business basics – come to us asking how they can develop their business understanding to prepare for consulting interviews. Next, analyze the data and develop actionable strategies to improve the business.

article thumbnail

Repost Which Explains Management Consulting Using Layman’s Terms

Steve Shu Consulting

Probably the most common definition out there is that management consultants are like doctors for companies (instead of doctors for people). There may also be management consultants that operate more like pharmacists. new line of business, new product) like a personal trainer helps a person develop more strength or cardio capacity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consulting 101: Operations, Hierarchies, and Types of Firms

Tom Spencer

Learning how consulting firms operate can help you better understand what you would do as an analyst. Clients may need help with market research, competitor analysis, growth strategies, supply chain optimization, product development, or a range of other issues. By definition, a consultant’s job is to consult a client.

article thumbnail

Consultant, Contractor, Freelancer - Labels Matter!

Successful Independent Consulting

Positioning yourself the wrong way can limit your income, cost you thousands of dollars a year in taxes, stunt your professional development, and tie you unnecessarily to the traditional 9-to-5 routine. By definition, we stand outside of the system we analyze, troubleshoot, or design. Friends don’t let friends W-2!

article thumbnail

5 reasons to choose strategy consulting over financial advisory consulting

Management Consulted

First, a 101 on strategy consulting for you newbies to the site – having an insider view into the strategy and operations of a company requires that you quickly become an expert on day-to-day activities in light of the overall company vision. 2) Strategy consulting offers the opportunity to work for a global corporation’s CEO.

Financial 252
article thumbnail

Steve Shu on How to Earn $100,000 to $200,000 For Each Consulting Project

Consulting Success

He helps incubate technology-oriented startup initiatives within other companies, including new business units, innovation areas, and new product development. Breaking down a $100,000 project. At the beginning of this podcast, Steve details the different phases that can make up a high value project.

article thumbnail

How to Build a Consulting Website

Consulting Matters

So let me share my screen and give you some ideas on how you can start developing your website strategy. Do you care that I got a master's in organization development and human resources? So you want to be able to get people on your list so you can develop that relationship. You and I are developing a relationship right now.