Definition
A fancy term for a business that gets paid exorbitant fees to tell other businesses what they probably already know, just with more PowerPoint slides. These firms employ 'experts' who parachute into organizations, diagnose problems using frameworks with acronyms, and vanish before anyone can verify if their advice actually worked. It's like therapy for corporations, except it costs six figures and comes with a leather-bound deliverable.
Example Usage
After spending $2 million on a consultancy to optimize our processes, we learned we should 'communicate better'—revolutionary advice we could have gotten from Karen in accounting for free.
Source: Common business terminology
Related Terms
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See “consultancy” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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