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Reply to "What is “consulting” in the business world"
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[quote=Anonymous][quote=Anonymous] Thank you for the detailed answer! So what kind of problems are they typically being brought in to solve? I assume these aren’t simple accounting/number crunching sorts of things. Obviously there’s huge money in the work[/quote] It really varies. You can google McKinsey (or BCG or Bain) case studies for the types of problems they tell new hires they will be solving. It is often more mundane, but not always. Most businesses have issues, sometimes major ones. A lot of times the leadership (and often workers too) are well aware of the issues, but it takes an outside force to help turn something around. Hmm, that was so unspecific it probably isn't helpful. another place they help is with competitor industry analysis. They won't tell you proprietary info, but if they work with multiple companies in an industry, they can have some good insights. "IT Transformation" was a buzzword a few years back, probably still relevant to health care. Large companies often lag in IT and need help in implementing basic new tools. [/quote]
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