What is consulting?

Consulting is professional advice

The term "consulting" means nothing else than the activity of a professional economic, business or management consultant. There are several things you should keep in mind when doing this.

• Consulting is usually called the advice itself, while the person providing advice is called a "consultant" and the customer is called a "client". A consulting organization is usually called a consultancy.
• Consulting is to be understood as a service in which the customer must actively participate in order to bring the best possible consulting results to light.
• Consulting companies can do less with the respective subject-specific knowledge than with an overarching one Knowledge of markets and economic methods that can lead to success in a wide variety of industries.

Basic processes in a consulting

Consulting usually takes place in a more or less fixed order in which certain elements play a prominent role in order to ensure effective advice.

• Consulting usually begins with a situation analysis. Various methods are used to determine the current status of the respective company or company. to record the economic situation as objectively and value-neutrally as possible.
• The target state is then defined using certain criteria and compared to the actual state using diagrams, tables, lists and the like.
• This comparison in turn makes it possible to reduce the time and money required for the actual consulting assess which aims to develop concrete methods and concepts with which the target state can be achieved can.