Management consulting provides objective advice and business solutions to help organizations improve performance. The UK management consulting market is worth £180 million annually and employs between 70,000 to 100,000 consultants, most of whom work individually or in small practices. Clients hire management consultants to address various needs, and the consulting market is changing, with many clients and consultants now sharing risks and rewards rather than fixed contracts, as well as exploring value-based pricing models. The future of the market remains uncertain but may involve more business process outsourcing, shared risk arrangements, environmental/sustainability work, consortia, technology services, and interim/project-based work.

1. Management Consulting The Current Market

2. Management Consulting “The creation of value for organisations – through improved performance, achieved by providing objective advice and implementing business solutions” (MCA)

3. Interesting Facts £180 Million on Internal R&D 70,000-100,000 management consultants in the UK 70 – 80% Individual or Small Practice

4. Clients -Why do they Buy Ends Report Consultancy Market Guide 2009

7. Market Place Changes

8. A Change in Fees Many clients and consultancies are now sharing the rewards as well as the risks of a project, rather than simply contracting for time and materials, and more “value based” methods of pricing are being used. (MCA)

9. The Future of The Market BPO Shared Risk Environmental and Sustainable Consortia Technology Service Provision Interim and Project “There is still much short-term uncertainty and the outlook is difficult to forecast with any degree of confidence” Neil Penhall, SLR 2012 Market back to stable and growth