Management consultancy” refers to the service and the provider of the service of the explanation of facts addressed to companies as addressees, based on knowledge and analysis, in conjunction with an assessment of alternative courses of action derived therefrom, which results in a recommendation.

Management consultancy” refers to the explanation of facts based on knowledge and analysis in connection with an evaluation of alternative courses of action derived from it, which leads to a recommendation, directed to an independent organisation which participates in economic activities with at least one business and is thereby subject to market and capital risks.

The persons who carry out the “management consultancy” are referred to as management consultants.

How to Cite

The definition given above was proposed as part of the Digital Era Framework by Dr. Dr. Jörn Lengsfeld. The text was first published in: Jörn Lengsfeld: Digital Era Framework. Please refer to the original publication if you want to cite the text.