business consulting

Management Consulting and its Work Environment

By Lisa Washington 28 July, 2023 2 mins read

The 1940s are the beginning of management consulting. Learn about the purpose of management consulting and the work environment. Learn more about the work environment for management consultants and how they manage their time. Consider how you can benefit from this career! Next, think about your career goals. We hope you find this article useful. Let us guide you on the path to success.

Growth of management consulting after World War II

Traditionally, the US has been considered to be the birthplace of management consulting. Arthur D. Little started the first modern consulting business in 1893. Many well-known consulting companies were founded in the 1920s, such as Booz Allen Hamilton, A.T. Kearney, McKinsey, and McKinsey. These consulting firms expanded into Europe in the 1960s as large organizations sought management skills to transform their strategies, operations, and structures.

Purposes of management consulting

There are eight primary purposes for management consultancy. The clients will most likely recognize the lower levels, while the top three tiers represent the ultimate goal for the consulting firm. Even though they are less common, these tiers are still highly valuable and useful. A management consultant, for example, can help a company move from its current level to the highest by helping it implement the top three levels. Here are some examples.

Work environment of management consultants

The work environment of management consultants is demanding, with many working without a direct supervisor. It requires high levels of organization, self-motivation and critical thinking. Consultants typically bill by the hour and must be able to communicate clearly and concisely with all levels of staff. Consultants must have a wide range of skills including problem-solving, analytical, and interpersonal skills. Here are some traits that make management consultants great for this career:

Time management

Time management is a great option if you want to have more time for your family and career. Time management skills can make the difference between being on time and running out of time. What would you do if you had an extra hour each day? Write down three things you would do if you had extra time to spare. Then, create a simple action plan to achieve your goals.

Stress management

A stress management consultant can be hired for many reasons. Stress management has many benefits. This service can improve employee morale as well reduce sick leave and increase productivity. Another option is to find a certified stress management consultant that offers ongoing education and can work with clients. Stress is a difficult thing to recognize in today's fast-paced world. However, it can have a profound impact on our daily lives. Stress can cause illnesses, distraction, and absenteeism.

FAQ

How is consulting different from freelancing

Freelancers work as independent contractors and offer their services without the assistance of an agency or company. Hourly rates are usually charged based on the time they spend working on a client’s project. Consultants usually work for agencies or companies that employ them. Consultants are typically paid either monthly or annually.

Consultants often have more flexibility, while freelancers can choose to work when they want and set their own rates. Consultants, however, often have better benefits such as retirement plans, vacation days, and health insurance.

Is it possible for a consulting business to be run from home?

Absolutely! In fact, many consultants already do exactly this.

Freelancers often work remotely through tools like Skype and Trello, Basecamp, Basecamp, Dropbox, and Slack. So they don't miss company perks, freelancers often make their own office space.

Some freelancers prefer working in cafes and libraries over traditional offices.

Others prefer to work from home as they feel more at home with their families.

Although working from home is a great option, there are some downsides. But if you love your job, it's definitely worth considering.

How long does a consultant take?

The length of time required varies depending on your background and industry. Most people start out with a few months before they find work.

However, consultants can spend many years learning before they are able to find work.

Statistics

Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)
So, if you help your clients increase their sales by 33%, then use a word like “revolution” instead of “increase.” (consultingsuccess.com)
My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)
67% of consultants start their consulting businesses after quitting their jobs, while 33% start while they're still at their jobs. (consultingsuccess.com)
According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)