business consulting JUST WRITTEN FOR YOU
/ˈbɪz.nəs kənˈsʌl.tɪŋ/ · bus·i·ness con·sult·ing
noun
- The professional practice of offering expert advice and strategic guidance to organizations to improve their performance, efficiency, or profitability. After hiring a business consulting firm, the company streamlined its supply chain and increased its quarterly revenue.
- A sector or industry that provides such advisory services to other businesses. The business consulting industry has grown rapidly as firms seek external expertise for digital transformation.
Synonyms
Did you know? The term "business consulting" surged in popularity after World War II, when firms like McKinsey & Company began formalizing systematic approaches to corporate problem‑solving.