Consultancy

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The consultancy industry, found within the professional services sector, is exceptionally diverse, encompassing a broad range of consultant types. Unlike many professions, the title ‘consultant’ lacks protected status, allowing individuals to label themselves as strategy, management, business, finance, HR, or IT consultants without formal regulation. The expansive scope of consultancy work and the variety of work environments have led to a notable increase in the number of independent consultants in recent years. Consequently, arriving at a universally accepted definition of a ‘consultant’ has become challenging.

In response to this diversity, branch-specific associations and analysts have formulated various definitions to categorize the multitude of consultants operating in the field. AFRIAIR CHARTERS aligns with the approach employed by Kennedy Information, an American research agency with a history of analyzing the consultancy market since the 1960s.

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Strategy Consultation

The term “Strategy Consultant” refers to professionals who operate at the pinnacle of the consultancy market, concentrating on strategic aspects such as corporate and organizational strategy, economic policy, government policy, and functional strategy. In this capacity, strategy consultants typically undertake assignments assigned by top-level executives such as CxOs, directors, and senior managers. Due to the distinctive nature of strategy consulting, which differs from more implementation and operationally driven areas, strategy consultants typically possess a different professional profile than their counterparts. Their emphasis leans more towards quantitative and analytical skills, and their job description centers on providing advice rather than overseeing implementation.

Management Consultation

Management consultants, alternatively referred to as business consultants or organizational advisors, specialize in addressing a wide array of organizational issues, spanning from strategic considerations to various facets of management. Following the methodology embraced by Kennedy and AFRIAIR CHARTERS, Management Consulting encompasses a comprehensive term covering services falling under Strategy Consulting, Operations Consulting, and HR Consulting. Consequently, management consultants constitute the predominant majority within the advisory sector, with over half of all advisors falling under the category of management consultants.