What has been happening in the management consultancy sector?
Although in recent years the role of the management consultant has become increasingly important – helping management to handle and implement all manner of change in the workplace – it is important to remember that demand for management consultancy services is affected by the state of the economy. During times of recession many clients keep the amount they spend on consultancy services to a minimum or decide not to use consultancy services at all. And because many weaker businesses fail, the ‘pool’ of potential clients shrinks too. Smaller consultancies are the first to suffer from a downturn in the economy – but they are also the first to recover when conditions improve. When things pick up many clients start spending on consultancy services in a small way and then increase their spend as the economy strengthens and business confidence returns. According to statistics released by the Management Consultancies Association (MCA) the UK management consulting industry as a whole is estimat
