In the minds of many management consulting is predominantly associated with the large strategy houses like McKinsey, BCG, Bain and the Big Four as well as the well-known technology consultancies such as Accenture and IBM with management consulting.
But the consulting market offers much more. Less-known smaller consulting firms are able to perform large, complex and international projects, on the other hand the large, renowned consulting firms have entered the operations consulting segment performing projects such as optimisation of production and logistics processes. In more recent times, traditional management consulting firms have had to face increasing challenges from disruptive new entrants which are aiming to cater emerging client needs. Varied and emerging new offerings have two consequences: Selecting the right consulting firm has not become easier, the number of options available to choose from is growing, finding the "best match" and the most valuable option is paramount.
The consulting market provides a diverse range of services, such as:
Due to changes in clients' needs, an increasing number of alternative service providers is entering the consulting market, with promising offerings in traditional management consulting segments:
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