Management and strategy consulting agencies help organizations to streamline their management and business operations, with the ultimate goal of improving efficiency while increasing profits. The Institute of Management Consultants describes management consultants as professionals “who, for a fee, provide independent and objective advice to management of organizations to define and achieve their goals through improved utilization of resources.” Organizations hire management and strategy consulting agencies to diagnose and solve problems, identify opportunities, make recommendations for solutions, and help implement the improvements.
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