Consulting firms are professional service organizations that provide expert advice to businesses and governments. They help clients solve problems, improve performance, and implement strategies across various areas, such as management, finance, and technology. These firms often employ specialists with extensive knowledge in specific industries or functions. Typically, consulting firms operate on a project basis, working closely with clients to understand their needs and develop tailored solutions. They may conduct research, analyze data, and offer recommendations to enhance efficiency and effectiveness. Well-known examples of consulting firms include McKinsey & Company, Boston Consulting Group, and Deloitte.