3 Things You Probably Didn’t Know about Consulting

December 28, 2020  1827 Views

We always hear jokes about consultants being “someone who takes the watch off your wrist and tells you the time”. The least we can say about this joke is that it is based on stereotypes and that it reflects the fact that people only know a little to nothing about Consulting.

In this article, we will discuss 3 facts about Consulting that will broaden your knowledge about this business. 

          1. Consulting Is More than Giving Pieces of Advice

Consulting is defined by the Oxford Dictionary as “The business of giving expert advice to other professionals”. In fact, consultants perform a very important role in helping companies reach their objectives and enhance their strategies; they assist managers through the decision-making process and guide them towards increasing their profits and efficiency.

Some consultants go even further and get the work done for companies; they study their financial state, prepare their reports, and create new management strategies based on market studies in order to enhance their efficiency. 

Consultants have various types of service delivery models. The method each one of them follows depends on the needs of their clients.

          2. Consulting Is Not a Modern Concept 

Many people tend to believe that consulting was first used in the 20th century with the rise of service companies and the spread of advice culture among firms due to the fact that their original staff was busy getting the actual work done, which led to their inability to solve problems and innovate new strategies.

However, the truth is that the term “consulting” was first used back in the 18th century during the industrial revolution when mass production companies’ managers struggled to stay efficient with the rise of demand for their goods. Factories needed advice on how to keep employees motivated and effective while guaranteeing the ultimate utilization of resources and staying efficient. 

At that time, researchers and engineers such as Frederick Taylor and Max Weber studied the work environment in relation to the behavior of employees to create theories about how companies should manage their staff. We can list the examples of Taylorism and Bureaucracy that contributed to enhancing the efficiency of mass production factories. 

          3. Consulting Is One of the Most Diverse Businesses Out There

Every year, many people are opting for consulting as a career. Its flexible nature allows a variety of people to work in the field.

In fact, companies do not only seek strategic and management advice, they often face technical and financial problems and they hire consultants to help them in the solving process. 

We conclude that you can adapt your expertise and knowledge to the consulting field and start your career whenever you are ready to do so.

Indeed, we can distinguish 4 types of consulting careers:

If you are seriously considering opting for consulting as your future career, check out the starting salaries for each type of consultants:

At TBS Junior Enterprise, we offer Technical Consulting services through conducting Marketing and Market Research studies and we deliver a detailed interpretation of the results to help our clients understand the market needs on a higher level.