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State of the consulting union

Nice little article on the state of the consulting business from the Economist. Some tidbits:

  • Just 47% of projects this year are expected to be about cutting costs
  • Spending on strategy consulting is expected to grow by just 1.1% (it currently accounts for 12% of all spending on consulting); Consulting on operations-management will grow by 5.1%
  • Strategy consulting firms are vying more for the “downstream work”

Worth a read.

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