The Management Consulting industry has been through a period of volatility over the past five years. Industry revenue declined in 2009-10 as businesses across the economy resorted to drastic cost cutting (which included spending on management consultants) in the wake of the global financial crisis. Industry revenue fell again in 2012-13, as business conditions faltered under a high Australian dollar. Over the past five years, however, industry revenue has rebounded as firms have been using management consultants to introduce new business processes and improve operating efficiencies.
This industry provides advice and assistance to businesses and other organisations on management issues. This includes strategic and organisational planning, financial planning and budgeting, marketing objectives and human resource policies. IT consulting and services, and accounting services are not part of this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.