Question

Consulting firms are frequently characterized according to whether their primary skill is strategic planning or tactical analysis and implementation.
(A) True
(B) False

Answer 1

Answer:

The correct answer is (A) True.

Explanation:

Increase profitability, adapt to trends, reduce expenses, maximize production, optimize processes, improve positioning, develop the potential of human resources and achieve the long-awaited business success, are some of the advantages offered by consultancies. We could summarize four types of consulting:

1) Strategic consulting

This type of consulting is important to help owners, managers and managers in general, to have the necessary tools to solve their problems and maximize efficiencies, at a general organizational and strategic level.

2) Economic-financial consulting

The economic-financial analysis is present in any important decision that a company must make. This type of consulting helps the entrepreneur to know and analyze their own balance sheets and operating accounts, to make sense of operational decisions. Feasibility studies and investment analysis are also essential in any decision to initiate economic activity, organizational changes, diversification processes, outsourcing of services, international expansion, reduction of operating units, etc.

3) Marketing and marketing consulting

If you do not have your own marketing area, this type of consultancy will be ideal to meet this type of needs. Marketing consulting is an excellent way to give the organization help on the following topics:

4) Specialized consulting

This type of consulting requires experts who are recognized in this field to be able to provide this service.