Consulting Case Study

895 Words4 Pages
‘Consulting’ is a ‘one size - fits all’ term that generally includes giving advice in the business world. The ‘Management Consulting’ includes the specialised advise to the businesses with regard to strategic and operational issues. Consulting Industry is a highly paid and high profile field of the business world. The management consultants conducts research, collect data (from various resources) and analyse it with using different suitable tools; the ultimate target being an improvement in the client’s business. FORMS OF MANAGEMENT CONSULTING Based on the offerings, the consulting industry may be divided into six categories: 1. Industry Elite: These are the rich and famous consultancies; concentrating on providing innovative strategy and…show more content…
Big Five: Big Five’s provide the advice similar to Industry Elites however they emphasize on implementation part, in particular in the IT sector. This group consists of players such as; Accenture, Deloitte Consulting, Ernst & Young, KPMG and PricewaterhouseCoopers (PwC). 3. Boutiques: These are often small firms, focused on industrial or functional areas. This group consists of players such as; MarketBridge (sales), CSC Planmetrics (energy and utility industry), Cluster Consulting (telecommunications and the internet), marchFIRST (financial and strategy), Oliver Wyman (financial services), PRTM (high-tech operations), Strategic Decisions Group (decision analysis), Roland Berger and Partners (strategy and operations), Braun Consulting (strategy), Marakon Associates (strategy), etc. 4. Information Technology (IT): IT firms generally provide advice with reference to the programming and its implementations, any computer systems issues. This group consists of players such as; American Management Systems, Computer Sciences Corp., Diamond Technology Partners, IBM, Mondial, etc. 5. Human Resources Specialists: These consultancies deal with the issues like employee management, evaluation or payroll or compensation programs, pensions, benefits and…show more content…
From 2010 to 2013, several firms have tried to acquire Roland Berger.[Beaton Capital] The future With knowledge being democratized and information becoming more and more accessible to anyone, the role of management consultants is rapidly changing. Moreover, with more online platforms that connect business executives to relevant consultants, the role of the traditional 'firm' is being questioned. [Harvard Business Review] Today, the consultants need to get aligned with the latest trends in technology and economy; quicker than their clients; the Consultancies are expected to behaving dynamically with the continuous evolving nature of the global economies. The globalisation of industries forces the consultancies to be globalised so as to remain in competition and be consistent in providing the services to their clients and client subsidiaries, wherever they are on the globe. Positive factors 1) The growth in health care expenditures and health care coverage including the need of digital health records; 2) Need of improved cash flow, efficient supply chain and manufacturing
Open Document