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Consultant heal thyself

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The Knowledge@Emory’s European Business Forum has an interesting feature (you can download the PDF here) which talks about the uncertain future of management consultants. Part of the problem is how can the phenomenal growth exhibited by the likes of McKinsey over the past two decades can be sustained in the next two decades? The prevalence of qualitications, the prevalence of consultative skills, business process outsourcing, the geopolitical and economic shift to Asian economies all pose problems. Like a wild animal caught in a trap the management consultancies will gnaw off their own limbs to sustain their economic growth, branding consultants, marketing strategists, corporate communications and PR businesses should all be very afraid the Brooks Brothers thugs are coming and they won’t play nicely.

One reply on “Consultant heal thyself”

Don’t worry Ged, when the consultants first enter the market that talk with soft words. I would say that WPP has already got enough Suits telling the creatives just what they should do.

Also as someone from The Firm I would say just because of the uncertain future the industry faces you need the insight of a Global Consulting business to help formulate strategy. The problem comes when you seek first class knowledge at Wall Mart prices because the industry works on such thin margins.

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