Consulting Industry in India

Problems

Solutions

Opportunities

Consulting at a Glance

• The Indian Consulting Industry has been growing at a much higher pace in the recent years.

• The consulting industry has witnessed a considerable increase in the number of new comers in this field exploring all the industries.

• The main aim has always been to gain market share in this highly consolidated and  competitive environment, primarily by capitalizing on the pertinent factors driving it.

To Talk Numbers

• APAC – Asia Pacific consulting industry generated $33.5 billion as revenues in 2008 and is expected to reach 39.2 billion by 2012.

• The consulting industry is growing at a CAGR of 4.1% since 2007

• India contributes to 5.4% of the total revenue compared to japan which contributes 67.2%.

• Corporate Strategy, Outsourcing Services, Human Resource Management, and Operations Management have been some of the prominent business divisions in the consulting market.

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• Acquiring the right set of talent• The expertise and right set of manpower can provide

meaningful insights with optimum clarity and offer strategic advisory solutions on diverse subjects

• Challenges to the firm in matching the client’s requirements

• The client’s needs always being far from what is to offered, it is real problem as the flexible and multitasking expertise is still not available which remains a challenge.

Then what is the problem

• Outsourcing to India acts as a challenge as well as driver:• From a consulting firm’s perspective, though this factor

helps expansion and globalization, companies feel that it restrains the company development and growth in the outsourced regions.

• These are also some of the challenges that small and emerging consulting firms in India face

• Market’ as a Challenge affects routine businesses:• Volatile market conditions affects consulting firms.

• Maintaining long-term relationships with clients affects the long-term existence of the firm

• Indian consulting market is more or less a buyers market.

• More than convincing the companies to sign-up proposals, factors such as cost-benefit ratios, value added services and so on play a pivotal role.

• Competition : Not a healthy thing for small players to grow• Big and established players dominate the market for

strategy consulting with nearly three-fourth of the market share in their hands leaving a little for the upcoming ones.

• Increasing rate of attrition affects the organizational growth: • This problem has been rampant in Indian firms due to a

plethora of reasons being the following• Poor Pay

• Poor Career Development

• Poor Projects

• Office Politics

• Poor Management

• Work/life Balance

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The Soultion

• The solution is simple yet effective. Consult Genie gives you the right advice and help to all your problems.

• ConsultGenie is the leading online market space where businesses connect with independent professionals to get work done.

• ConsultGenie delivers an immediate, cost-effective and flexible way to hire, manage and pay independent professionals and contractors.

• Companies tap into ConsultGenies’s skilled talent pool to distribute their work, while consultants use ConsultGenie to meet clients, stay independent and get paid for delivering great results.

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