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.