Types of Consulting Firms
There are different types of consulting firms which use the combine skills of their team members to provide services to their clients. (Management Consultants Association, 2008)
One such kind of firm, called generalist, because they provide different and a variety of services, must be using the skills of all its team members because they are not only diversified in nature but also more flexible in their approach as well as scope.
Another type of consulting firm called Strategy consulting may be another kind of consulting firm which might be utilizing the services of all its team members. Strategy consulting firm may be a combination of different personnel having different set of skills such as financial analyst, business analysts, strategy formulators etc therefore strategy consulting firms are also one of the kind of consulting firms which mostly utilize the skills of all of its team members.
Niche Firms, which provide specialized services, are another kind of consulting firms using the skills of their team members. Since Niche firms provide services which are too specialized in nature and may require high level of technical knowledge therefore the combined use of the skills of the team members is one of the essential ingredients for their success.
List of three consulting firms
1) IT firms
2) Accountancy firms
3) Consulting Firms
The importance of team work for suck kind of firm is due to the fact that such types of firms offer services which are knowledge extensive in nature and require diversified knowledge to accomplish tasks therefore these firms hire personnel with different sets of skills. For their success, it is therefore critical that all the team members perform well to deliver a comprehensive solution to their clients. For example, an IT consulting firms may be providing hardware and software services. Since no single person has the expertise in all areas of work therefore to successfully execute the assigned tasks, it is important that a team based approach is adopted to provide high end customized solutions.
Management Consultants Association. (2008). The Consulting Industry. Retrieved August 31, 2008, from Management Consultants Association: http://www.mca.org.uk/MCA/AboutUs/TheIndustry.aspx