Doing MBA research and a lot of schools break 'management' and 'strategy' consulting into two distinct categories in employment reports. Clearly the majority showas 'management' consulting, but there are also some listing strategy. What are the differences between the two?
What is Management Consulting? - Job of Management Consultants
Management consulting comprises of planning, organizing, staffing, and controlling an organization in order to achieve or accomplish a goal. Due to the variety of firms, management can include human resources as well. The overallis to improve performance and efficiency for the firm.
What is Strategy Consulting? - Strategy Consulting Definition
Strategy consulting is a branch of management consulting. The main focus is on corporate strategy and establishing different tactics that are concerned with conduct of engagement. User @Holybanker", a consulting associate, makes a good point regarding the roles:
Strategy consulting refers to how you do in your industry, how you can draw inner market forces to gain an edge and how you compete against your competitors, namely: M&A Strategy
Marketing Strategy: how your product relates to that of your competitors, namely channel, pricing and customer experience
Corporate Strategy: including growth, Market positioning, portfolio strategy (how you spend your budget across different business units, identifying your growth engine)
If you have any other comments regarding the difference between management and strategy consulting please comment below!
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