Management consulting, in Newfoundland, is defined as the practice of assisting organizations to improve their overall performance to attain maximum profit. A management consultant, on receiving an assignment, analyses the process gaps, which include the nature of the problem, results of the problem, etc, of an organization. On identifying the problem, he develops plans for process improvements. Organizations in Newfoundland hire management consultants who can analyze the loop holes and provide coaching to the employees to minimize / avoid errors. A management consultant also provides guidance to the employers on how to make optimum utilization of the resources and also how to ensure employee satisfaction. Management consultants usually have their own plans to identify the error and provide recommendations. A management consultant, in Newfoundland, should possess a suitable degree in management with a specialization in a particular field of business like finance, marketing, IT, etc. To get exposure and gain experience, management consultants regularly attend business seminars. They usually have great analytical capabilities and decision making skills. Management consultants have proved to be of great assistance to industries in this competitive world.