One of the most critical forms of business consulting is strategy consulting, where a consultant acts as an advisor to a company in the sense of helping the organization to create and follow a long-term blueprint or strategic plan. Such a plan helps to establish the direction that the company will take in the long-term, along with creating a map that defines the direction that the company will take in the short-term in order to fulfill all long-term goals. This includes working with financial advisors to ensure that projects are financially manageable and profitable, and that all plans can feasibly be reached with the current resources and financial assets. Strategy consultants often work with a variety of C-suite executives, including the CEO, CFO, COO, and CIO, to ensure that all long-term goals, financial goals, operational projects, and IT infrastructure components align with the business vision.

Overall, strategy consultants work to not only establish the long-term company vision/goals, but also work to assist a company with ensuring that such goals are attainable, profitable, and competitive within the market.

Large firms that are considered pillars in the strategy consulting community (on a global level) include McKinsey, Bain and Boston Consulting Group, among many other firms such as FIRMSconsulting.