Management Consulting

Management consulting is the process of helping companies to improve or transform themselves. This may involve the identification and cross-fertilization of best practices, analytical techniques, change management and coaching skills, technology implementations, strategy development or even the simple advantage of an outsider's perspective. They generally bring formal frameworks or methodologies to identify problems or suggest more effective or efficient ways of performing business tasks.

Management consulting grew with the rise of Management as a unique profession. In the US, management consulting was often an outgrowth of the accounting profession. During the course of an audit, the accountant would find a business problem and propose the solution. During the latter half of the twentieth century as business problems and audits both became more complex, the large auditing firms segregated their audit and consulting arms into separate business units. Management consulting bloomed during the era of reengineering and ERP implementations. In the early twenty-first century, a series of accounting scandals and allegations of a loss of independence drove US regulators to insist on the formal separation of audit and consulting service providers. No longer could an auditor propose to fix a problem which he/she found.

Management consulting is the butt of many business-related jokes. Management consultants are often criticized for overuse of buzzwords, reliance on management fads and an emphasis of form over function. On the other hand, successful management consulting engagements bring resources and/or expertise which the company's internal management team did not have in order to create real changes in the way the company runs its business.

Business philosophies and popular management theories
list of management topics
list of marketing topics
list of human resource management topics
list of economics topics
list of finance topics
list of accounting topics
list of information technology management topics
list of production topics
list of business law topics
list of business ethics, political economy, and philosophy of business topics
list of business theorists
Management consulting service providers

Commercial Usage: Management Consulting

Domain	Title
References	Management Consulting Services in Thailand: A Strategic Entry Report, 1997 (reference) Tanabe Management Consulting Co., Ltd.: International Competitive Benchmarks and Financial Gap Analysis (reference) Emprise Management Consulting AG: International Competitive Benchmarks and Financial Gap Analysis (reference) Management Consulting Services in Canada: A Strategic Entry Report, 1998 (reference) (more reference examples)

Books	The Fast Track: The Insider's Guide to Winning Jobs in Management Consulting, Investment Banking, and Securities Trading (reference) (more book examples)

Periodicals	Fee & Pricing Trends In Management Consulting (reference) Harvard Business School Guide To Careers In Management Consulting (reference) Operating Ratios For Management Consulting Firms (reference) (more periodical examples)
Source: compiled by the editor from various references; see credits.

Non-Fiction Usage: Management Consulting

Subject	Topic	Quote
Business		U.S. companies that are successful in the services field include hardware manufacturers that expand their services divisions and offer all types of computer services, e.g. IBM, Compaq (Digital Equipment), Hewlett Packard and Unisys, as well as independent service providers, e.g. electronic Data Systems (EDS), Computer Sciences Corporation (CSC) and Automatic Data Processing (ADP), and IT divisions of the big accounting and management consulting firms e.g. Andersen Consulting. (references)
Economic History	Denmark	Other important service sectors include management consulting and tourism. (references)
	Denmark	U.S.-owned firms in Denmark have large shares of the Danish market for computer software services and management consulting services. (references)
	Nepal	Service industries in which investments are not permitted include business and management consulting, accounting, engineering, and legal services. (references)
Source: compiled by the editor from ICON Group International, Inc.; see credits.

Usage in Company Names: Management Consulting

Expression: Management Consulting

Frequency of Internet Keywords: Management Consulting

Modern Translations: Management Consulting

Alternative Orthography: Management Consulting

Hexadecimal (or equivalents, 770AD-1900s) (references)

4D 61 6E 61 67 65 6D 65 6E 74 43 6F 6E 73 75 6C 74 69 6E 67

Leonardo da Vinci (1452-1519; backwards) (references)

Binary Code (1918-1938, probably earlier) (references)

01001101 01100001 01101110 01100001 01100111 01100101 01101101 01100101 01101110 01110100 00100000 01000011 01101111 01101110 01110011 01110101 01101100 01110100 01101001 01101110 01100111

HTML Code (1990) (references)

&#77 &#97 &#110 &#97 &#103 &#101 &#109 &#101 &#110 &#116 &#32 &#67 &#111 &#110 &#115 &#117 &#108 &#116 &#105 &#110 &#103

ISO 10646 (1991-1993) (references)

004D 0061 006E 0061 0067 0065 006D 0065 006E 0074 0043 006F 006E 0073 0075 006C 0074 0069 006E 0067

Encryption (beginner's substitution cypher): (references)

Country	Name	Country	Name
Germany	Emprise Management Consulting AG	Japan	Tanabe Management Consulting Co., Ltd.
United Kingdom	Management Consulting Group PLC
	(more examples...)

Expression	Frequency per Day
management consulting	493
project management consulting	107
management consulting firm	70
business management consulting	51
risk management consulting	25
mercer management consulting	23
dental practice management consulting	18
change management consulting	15
management consulting service	9
management consulting operations	8
human resource management consulting	6
office management consulting	6
supply chain management consulting	6
customer relationship management consulting	5
quality management consulting	5
management consulting group	4
financial and management consulting	3
workflow management consulting	3
performance management consulting	3
turnkey management consulting	3
Source: compiled by the editor from various references; see credits.

Language		Translations for "management consulting"; alternative meanings/domain in parentheses.
French		consultation en gestion. (various references)

Pig Latin		anagementmay onsultingcay
Source: compiled by the editor from various translation references.

Expression using "management consulting": Management consulting service. Additional references.
Source: compiled by the editor from various references; see credits.

Management Consulting

Definition: Management Consulting