what is consultancy

Consultancy or consulting is the provision of independent, specialist advice and/or implementation support to organizations across industries. A consultant is an experienced professional with a broad and in-depth knowledge of a particular subject matter who advises clients. The consultant provides expertise that a client lacks or support that a client is unable to fulfill. In return for their professional services, the consultant charges a fee. The consultant operates independently from the client, implying that, from the respective consultant, there is no conflict of interests between the clients issue and the services. The consultant operates in a professional manner, which ranges from having the right qualifications to taking an independent and unbiased stance on an issue. Consulting can involve either advisory or implementation services. A consultant can, in principle, service any sector, but over the past few decades, the term has become synonymous with business advisory, which focuses mostly on business strategy, management, organization, operational processes, and technology.