In the current economic climate. What are the biggest challenges and biggest opportunities facing new managers entering Consultating Industry?

Topics: Management consulting, Management, Consultant Pages: 4 (811 words) Published: March 1, 2014
Unit 4
Topic: In the current economic climate. What are the biggest challenges and biggest opportunities facing new managers entering Consultation Industry?

Name: WEIJUN, HUANG (Benjamin)
Student No: 4811084
Module: APS
Unit 4

1.0 INTRODUCTION

Nowadays, with the economic globalization, the competition has become more and more intense. How to achievement in the changing and superheating age, the firm must have the clearly understand of the market and the professional strategy plan to execute. Consultant Company as the professional adviser for company or individual for a fee (Szczerba 2014) has played an important role in company support. They establish trusting long-term relationship with the client, and provider the surrounding information, professional data analysis and high-level strategy advice.

The reason why the consultant companies are so professional in giving advice for different companies is that: Firstly, they have many accounting data or they are a huge accounting firm directly. Secondly, they have many professional consulters to face different situation. Personally, as a MBA student, I dreaming to join the world top 5 consultant companies: 1.McKinsey & Co. 2The Boston Consulting Group 3.Bain & Co.4Booz & Co. 5.Deloitte Consulting LLP (Stott 2012). However, in this economic climate, there is many new manager entering this industry, therefore, there are big challenges and opportunities for me.

2.0 New manager enter
For the consultant demand increase dramatically, the consultant delivery many advertisement in different professional channel, such as The Gateway newspaper (2014), to attract professional people, therefore, there are more and more new manager enter this industry. There are two mainly person join this industry: 2.1 The graduation from business school.

As we all know, more and more students and families realized that if you want to succeed in business, you should have enough economic...
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