Discuss the meaning and purpose of management consultancy and the key benefits it can add to an organization.

Discuss the meaning and purpose of management consultancy and the key benefits it can add to an organization. The development of a successful consulting firm requires the formal process of developing the structural framework of an official business. Discuss the importance of the development of a business plan, mission, vision, and value statements unique to a consulting firm. Based on your background and professional work experience, discuss your personal consulting niche and how you believe you can add value to a specific industry.