Consultancy
/kənˈsʌltənsi/noun
A service provided by experts who give advice and assistance in a specific area.
Our company hired a consultancy to improve our marketing strategy.
Often appears as...
- business consultancy
- consultancy firm
Usage tips
Neutral
management consultancy, IT consultancy, legal consultancy
Definition 1 of 2
Pro Tip 1/3Context
The term is often used in business discussions about improvement and strategies.
For example, companies may turn to consultancy for insight into market trends.
Pro Tip 2/3Formality
The word is typically used in formal contexts, so it’s best suited for professional discussions.
You might say, 'We are seeking consultancy for our project.'
Pro Tip 3/3Industry-Specific
Understand that 'consultancy' can refer to various types of specialized advice.
Different industries may require different types of consultancy.
Compare with
consultancyadvisoryfirmservicecontract
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