Evolution of the Consulting Industry: Key Trends and Players PPT
This PPT slide, part of the 654-slide Business Unit Strategy Training Program PowerPoint presentation, outlines the evolution of the consulting industry over the past 2 decades, segmented into 3 distinct periods: 1980-1989, 1990-1997, and 1998 onward. Each period highlights external trends, the value proposition of consultants, key players, and factors critical for success.
In the first period, the primary external trend is the globalization of markets. Consultants focused on building strategy capabilities, emphasizing cost reduction and organizational design. Key players included established firms like McKinsey, BCG, Bain, and Booz Allen & Hamilton. Success hinged on problem-solving capabilities, which were essential for navigating the complexities of a globalizing economy.
The second period saw significant changes with deregulation, the convergence of industries, and the dismantling of conglomerates. The consultants' value proposition evolved to include industry knowledge and insights, as well as acting as process facilitators for operations and IT. Notably, ABC emerged as a key player alongside the established firms. Success factors shifted to include an international office network and industry practices, reflecting the need for consultants to adapt to a more interconnected world.
From 1998 onward, the focus transitioned to the digital world and the rise of virtual companies. The value proposition expanded to encompass end-to-end capabilities, indicating a shift towards comprehensive solutions. The key players now included the "Big Six" firms, highlighting a consolidation in the industry. Success factors evolved to include CEO control and integrated solutions, underscoring the need for strategic alignment at the highest levels of organizations.
This analysis provides a framework for understanding how consulting firms have adapted to changing market dynamics and client needs over time.
This slide is part of the Business Unit Strategy Training Program PowerPoint presentation.
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Consulting Training Strategy Development Industry Analysis Environmental Analysis Organizational Design Value Proposition IT Strategy Cost Reduction Globalization Globalization
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