Risk and strategic consulting refers to the provision of information,

analysis Analysis (: analyses) is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (38 ...

and associated services in the field of international

politics Politics () is the set of activities that are associated with decision-making, making decisions in social group, groups, or other forms of power (social and political), power relations among individuals, such as the distribution of Social sta ...

and

economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

, with the aim of providing a better understanding of the risks and opportunities facing businesses,

government A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, executive (government), execu ...

s and other groups. In contrast to

management consulting Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultant ...

, which primarily concerns internal organization and performance, risk and strategic consulting aims to provide clients with an improved understanding of the political and economic climate in which they operate. Most such consultancy is focused on those developing countries and emerging markets in which political and business risks may be greater, harder to manage, or harder to assess. Risk and strategic consulting is sometimes carried out alongside other activities such as corporate investigation,

forensic accounting Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that investigates whether firms engage in financial reporting misconduct, or financial misconduct within the workplace by employees, off ...

, employee screening or vetting, and the provision of security systems, training or procedures. Some of the largest groups in the industry include Kroll Inc. and Control Risks Group, though the size and range of consultancies varies widely, with groups such as Black Cube and Hakluyt & Company providing boutique services. Risk and strategic consultancy does not generally involve the operational 'risk assessment' carried out by many companies and consultancies. Risk assessment in this sense covers the identification and management of commercial, operational and technical risks within existing operations or known markets. Risk and strategic consultancy also concerns countries and concerns similar to those of interest to private military companies, though the two industries are distinct. Risk and strategy consultancies should not be confused with international lobbying or advocacy groups, though there are occasional overlaps. Clients of risk and strategic

consulting firm A consulting firm or simply consultancy is a professional service firm that provides expertise and specialised labour for a fee, through the use of consultants. Consulting firms may have one employee or thousands; they may consult in a broad ra ...

s include companies, governments and government agencies, charities and non-government organizations, academic institutions and individuals.

References

{{reflist Foreign policy and strategy think tanks in the United States Strategy consulting

See also

References