Industry Analysis & Industry Trends
The impact of the financial crisis on the Management Consultants industry was fortunately short and sharp. After an extraordinary four years of double-digit growth from 2005-06 to 2008-09, it was a painful time for consultants when the industry stalled and revenue fell 2.0% in 2009-10. Although the rest of the economy is still grappling for a foothold as fears of a European debt crisis grow, the industry has rebounded strongly, which is expected to result in revenue growing 6.5% per annum over the five years through 2012-13. The industry is forecast to generate revenue of £45.8 billion this year, an increase of 5.8% on last year.
The industry is buzzing from acquisition activity... purchase to read more
Industry Report - Industry Products Chapter
Although the industry is undergoing a shift towards a more varied skill set, the bulk of industry revenue is still derived from traditional consulting services, such as operations management, corporate strategy and company structure. Strategic advice centres on long-term business goals and how to achieve them. Organisational design is an offshoot of this, revolving around where to alter staffing processes to achieve the strategy, and operations management is how to go about the day-to-day process of enacting the long-term strategy. The key growth sector, however, is IT strategy, as the gap between management consultants and IT consultants diminishes... purchase to read more