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Doing MBA research and a lot of schools break 'management' and 'strategy' consulting into two distinct categories in employment reports. Clearly the majority show MBB as 'management' consulting, but there are also some listing strategy. What are the differences between the two?

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  • vitun's picture

    Hello

    Management- Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.

    Because organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to 'manage' oneself, a pre-requisite to attempting to manage others

    STRATEGY- Strategy, a word of military origin, refers to a plan of action designed to achieve a particular goal. In military usage strategy is distinct from tactics, which are concerned with the conduct of an engagement, while strategy is concerned with how different engagements are linked. How a battle is fought is a matter of tactics: the terms and conditions that it is fought on and whether it should be fought at all is a matter of strategy, which is part of the four levels of warfare: political goals or grand strategy, strategy, operations, and tactics.

    Hope this helps
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  • Yesenia-Cuddy's picture

    Strategy Consulting is a specific function of management consulting services firms. Go to McKinsey’s website, and look under “Functions”. You’ll see one category labeled “Strategy”. However, you’ll also see functions such as: corporate finance,Marketing,Operations,Risk etc.

    Management consultancy is considered to be amongst the most interesting, intellectually stimulating and potentially financially rewarding work available in the professional services market, and as a consequence is highly sought after by job seekers, many of whom come from an accounting background.

    Yesenia Cuddy
    management consulting services
    KPMG