Industry Analysis & Industry Trends
Over the past five years, the interest in Management Consultants industry has been renewed following the global financial crisis. Industry revenue declined in 2008-09 due to drastic cost-cutting methods by business, but rebounded as firms used management consultants to introduce new business processes and improve operating efficiencies. The industry has transitioned to provide more digital services and analytical tools, so that firms can better understand consumer purchases. New players have entered the industry, as profit margins have remained high. Larger firms such as Accenture continue a strategy of acquisition to increase their market shares and expand operations. The industry is expected to have grown by a compound annual rate of 1.7%... purchase to read more
Industry Report - Industry Products Chapter
Management consultants provide a range of services to businesses in Australia. These services tend to be highly related. For example, strategic management and operations are often interrelated. Consultants aim to improve business efficiencies through the implementation of new practices and processes. Key industry services include consulting firms on financial performances, business strategies, risk-minimising processes and analytics to measure performance.
Financial performance consulting
The main service offered by management consultants is the review and assistance of financial performance and enterprise planning. Management consultants provide feedback on financial performance and provide insight on the most profitable operations... purchase to read more