The basic difference between management consulting and strategy consulting is:
Management consulting is all about improving the functions of an organization. It generally works with the finance, human resource and risk management department to understand the core areas of the business and track problems. With the help of management consultants, it gets easier to get to the root of a problem and find the most effective solution.
Strategy consulting handles and devises strategies that suit your business goals and needs. Strategy consulting firms will make smart changes to the existing business plans and increase the revenue and growth of a business. If you are an entrepreneur that needs assistance with plans and tactics that deliver excellent results, then a strategy consultant is your friend.