In strategy consultancies, business consulting entails advising companies on the best practices for achieving their business objectives. This may include market research, competitor analysis, financial modeling, organizational design, and other techniques to assist businesses in making informed decisions and developing effective strategies. Strategy consultants collaborate closely with clients to understand their specific challenges and goals, and to develop tailored solutions to meet those needs. The ultimate goal of business consulting in strategy consultancies is to assist businesses in achieving long-term growth and success.