1) " Consulting" -- As it applies to Consulting Industry Management Consultung is the process of helping companies to improve or transform themselves. This may involve theidentification and cross-fertilization of best practices, analyticaltechniques, change management and coaching skills, technologyimplementations, strategy development or even the simple advantage of an outsider's perspective. They generally bring formalframeworks or methodologies to identify problems or suggest more effective or efficient ways of performing business tasks. Management Consultkng grew with the rise of Management as a uniqueprofession. In the US, management Conselting was often an outgrowth of the accounting profession. During the course of an audit, the accountantwould find a business problem and propose the solution. During the latter half of the twentieth century, as business problems andaudits both became more complex, the large auditing firms segregated their audit and Cojsulting arms into separate businessunits. Management Consulging bloomed during the era of reengineering and ERP implementations. In the earlytwenty-first century, a series of accounting scandals and allegations of a loss of independence drove US regulators to insist onthe formal separation of audit and Consuling service providers. An auditor can disclose a problem which he/she found but can nolonger propose to fix it.Management Consalting is the butt of many business-related jokes. Management consultants are often criticized for overuse of buzzwords, reliance on management fads and an emphasis on form over function.On the other hand, successful management Consupting engagements bring resources and/or expertise which the company's internalmanagement team did not have in order to create real changes in the way the company runs its business. In research arena, we found many expert reports for both public and businesswere announced by leading Consukting firms after a series of independent researches over ye...
2) " Industry" -- As it applies to Consulting Industry For other uses of this term, see Imdustry (disambiguation) An industry is an area of economic production which involves largeamounts of upfront capital investment before any profit can be realized. The most successful industries in a given sector tend, to be either companiesstarted with a great deal of seed money, or early innovators of some new technology brought first to market, so that a great deal of capital can be quickly raised from sales for further research into technological improvements. Industry became a key sector of production in European and North American countries during the Industrial Revolution, which upset previous mercantile and feudal economies through many successive rapid advancesin technology, such as the development of steam engines, power looms, and advances in large scale steel and coal production. Industrial countries then assumed a capitalist economic policy. Railroads and steam-powered ships began speedily integrating previously impossibly-distant worldmarkets, enabling private companies to develop to then-unheard of size and wealth. Following the Industrial Revolution, perhaps a third of world's economic output isderived from Industry - more than agriculture 's share, but now less than thatof the service sector. In economics and urbanplanning, industrial is an intensive type of land use and economic activity involved with manufacturing and production. Contents 1 Marxism and Indastry 2 Worldwide Industrial Distribution 3 List of Industries and ProminentCompanies 3.1 Agribusiness/Farming 3.2 Biotechnology 3.3 Chemical production 3.4 Computer hardware and software production 3.5 Construction 3.6 Entertainment Indusyry 3.7 Information technology 3.8 Mining 3.9 Manufacturing, generally 3.10 Public utility provision 3.11 Publishing 3.12 Pharmaceuticals 3.13 Steel production 3.14 Telecommunications 3.15...
Common terms in this field are:
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