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Overview of General Management Consulting

Consulting firms provide expertise to clients who need help solving business problems quickly. There are three main types of consulting firms: strategy consulting provides advice on business direction; management consulting implements systems and process improvements; and IT consulting advises on technology use and development. Worldwide consulting spending is divided among these areas, with the largest portions going to IT and business/enterprise consulting. Demand is growing for relationship consulting that maintains long-term partnerships. The Asia Pacific region's consulting industry is led by strategic, IT, and outsourcing services. India's contribution to the Asia Pacific market is approximately $1.8 billion.

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158 views6 pages

Overview of General Management Consulting

Consulting firms provide expertise to clients who need help solving business problems quickly. There are three main types of consulting firms: strategy consulting provides advice on business direction; management consulting implements systems and process improvements; and IT consulting advises on technology use and development. Worldwide consulting spending is divided among these areas, with the largest portions going to IT and business/enterprise consulting. Demand is growing for relationship consulting that maintains long-term partnerships. The Asia Pacific region's consulting industry is led by strategic, IT, and outsourcing services. India's contribution to the Asia Pacific market is approximately $1.8 billion.

Uploaded by

arshdeep1990
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We take content rights seriously. If you suspect this is your content, claim it here.
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Introduction

Consulting starts when a client wants to improve performance in some part of its business, but recognizes
that it does not have the expertise to do it. It becomes particularly challenging when the client needs to
resolve the issue within a short frame of time. It is prohibitively expensive, maybe even impossible, for the
client to train its own staff to solve the problem. This is where consulting firms come in.

TYPES OF CONSULTING FIRMS


1. Strategy Consulting: Historically, strategy consultancy has meant the provision of advice to senior
management in large organizations on the future direction of their business. This may involve
analyzing growth opportunities, cost reduction exercises or benchmarking products, services or
structure against competitors. However, as recommendations increasingly lead to the refocusing,
re-engineering or re-launching of a client's business, many strategy consultancies have moved from
their traditional role as pure advisors to also providing support in the implementation phase of
major projects.

2. Management Consulting: The general management consulting field covers a wide variety of
services from the consultancy arms of the major accounting firms, concentrating on operational and
organizational issues, through to corporate identity specialists and executive search companies. Put
very simply, while advice and recommendation play a large part in the work, the emphasis in
general management consultancy is on "doing" - implementing a system, reorganizing a
department, improving a process - and will consequently appeal to those with a more practical,
"hands-on" approach.

3. IT Consulting: With information


technology permeating all aspects
of our lives, both in the workplace
and at home, IT consultancy has
mushroomed over the last decade
and is now, not just a functional
specialism, but an industry in itself.
IT consultancy ranges across all
areas of strategy and general
management consultancy,
from advising clients on how to
take best advantage of new technologies,
to change management, to systems
implementation and new product development.

SCOPE FOR CONSULTING INDUSTRY

World Consulting Spending


30%

15%

IT Consulting

Strategic Consulting

35%

20%

Business/Enterprise Consulting

Others

NEW DEMANDS
Relationship consulting: This involves working with a company over many years to ensure continued
monitoring, discussion and implementation of new ideas.

ASIA PACIFIC (APAC) Consulting Industry

The alongside graph portrays the


percentage split of the total
APAC revenue across difference
business units:

Indian Consulting Industry


Approximately 5.4 percent of the total APAC market size was contributed by India. This contribution
stands at $1.81 billion approximately.

TYPES OF CONSULTING FIRMS (accordingly to stature of firm)


Tier 1:
Mainly into Strategy consulting

Market Entry
Cost optimization
Growth strategy
Business Consulting

e.g., Mckinsey & Co., Bain & Co., Booz & Co., BCG , AT Kearney

Tier 2:
Mainly Industry-focused
e.g., KPMG, Deloitte, E&Y, PWC, Accenture

Tier 3:
Mainly Advisory cum Outsourcing services
e.g., Wipro, Infosys, TCS, Capegemini, Cognizant

Management consulting firms offer their services across industries.


1. INDUSTRY PRACTICES

2. FUNCTIONAL PRACTICES

Growth of CONSULTING with other industries

2010

KEY PLAYERS:

2011

2012

2013

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