Management Consulting refers to the practise of providing assistance to a plethora of organizations. Generally it includes knowing about the current problem of an organization then getting into the grassroots of the problem and devising proper strategies in order to overcome those problems it involves providing advisory services so that an organisation can increase its market capitalization.

So it would be quite clear by now that what are the core working areas of a Management Consulting firm or a Management Consultant they play one of the pivotal role in the expansion strategy of an organization like Mergers & Acquisitions which involves a lot of funding and risk analysis also it involves trend analysis.

But in the modern world there are a plethora of challenges being faced by Management Consulting firms these includes changing client behavior in such a dynamic business environment which imposes various restrictions in front of the consulting firms also there is a problem associated with the profitability. As clients are willing to shop around for Consulting services, they understandably hold more sway than in the past and are demanding greater value and flexibility at lower prices. Project Complextiy also arises since a majority of the Consulting firms are operating in the complex macro-micro environment

But inspite of all these hurdles a majority of the youth are interested to start a career in this field and domain but what are the major qualities being looked by the top notch management Consulting firms of the world apart from academics they generally look for problem solving capabilities, achievements in various case competitons since Consulting is all about case studies. The kind of analytics skills being possessed by a person also plays a crucial role

Hope this article would help you somewhere and would surely increase your knowledge span.

References

MBB Consulting, Consultancy.uk, CB insights
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