Consulting: Includes organizations delivering strategic, project-based consultative services on a fixed-fee basis.  These companies generally differentiate themselves via industry expertise and specific vertical or horizontal market value propositions.
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Offshore: Includes organizations providing IT-related services from lower-cost-of-labor delivery centers located throughout the world.
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Outsourcing : Includes organizations that accept responsibility for the control and delivery of particular IT functions of external organizations.  Offerings are generally focused on infrastructure services and the fulfillment of specific business process, often with a significant portion of work performed remotely, or offsite.  Contracts generate recurring monthly revenue streams and are generally provided via multi-year agreements.
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Staffing: Includes organizations supplying temporary (or temporary-to-permanent), technical resources on a time and materials basis at an hourly rate.  
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"The most successful men in the end are those whose success is the result of steady accretion... It is the man who carefully advances step by step, with his mind becoming wider and wider - and progressively better able to grasp any theme or situation - persevering in what he knows to be practical, and concentrating his thought upon it, who is bound to succeed in the greatest degree."

~ Alexander Graham Bell, Scottish-born American inventor