Ярослав Бузько

Research and analysis are the main tools of the trade for management consultants. They analyze a business problem from various angles by conducting research and forming and testing hypotheses. Research may consist of collecting raw data from internal sources—such as the client’s computers or employees—and external sources, such as trade associations or government agencies. The data must then be analyzed in relation to the client’s organization, operations, customers, and competitors to locate potential areas for improvement and form solutions. These solutions are then recommended to the client and—with any luck—implemented.