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Bridging the Gap: From the Consulting Industry to the Management Consulting Profession

Effective Managers

In the world of consulting, a distinction is often overlooked: the difference between the industry at large and the profession of management consulting. Understanding the Consulting Industry The consulting industry is broad and diverse, encompassing a wide range of services, expertise, and methodologies.

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Management Consulting

CaseInterview.com

Management consulting is an industry that offers assistance with this kind of high-level decision-making and problem-solving. Management Consultants help businesses make strategic decisions that directly impact the entire company. They may hire a consultant to advise on ideas for gaining market share.

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The Impact of AI on the Management Consulting Industry

Tom Spencer

Consulting, like many other industries, is under threat from artificial intelligence (AI) and machine learning (ML). The risks to the management consulting industry are summarized well in an article written by Alexandre Gonfalonieri , an AI Consultant based in Paris.

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The Competitive Edge: ISO 20700 Certification for Management Consultant

Effective Managers

In the dynamic and competitive world of management consulting, standing out is essential. Embracing the ISO 20700 standard as a practitioner has become a significant differentiator, offering consultants a distinct competitive advantage. Enhancing Credibility and Trust In consulting, credibility is everything.

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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Most consultants tend to use an hourly rate anyway, because it’s the easiest to figure out, there’s less risk of undercharging, and it’s what most clients are used to. Solopreneurs who come from “name” firms like PwC or McKinsey can charge more than those who come from industry.

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Choosing Management Consulting as a Career

Tom Spencer

I had done extensive research into the consulting industry and was a member of the consulting club at my university. I knew then without any doubt that consulting was the great career choice for me, and I didn’t need help deciding. If you are asking yourself the question, “ is consulting the right career for me?”

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Consulting Industry vs. Consulting Profession

The Consultants Peer Group

The consulting industry is a broad, inclusive term that refers to all companies and individuals that offer consulting services, or sellers of expertise. These can range from large multi-national firms to boutique firms that specialize in specific industries or functions and to individuals, all together make the industry.