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.
• 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
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.
Stay connected to us on the following platforms:-
• @ConsultGenie on Twitter• ConsultGenie on Facebook Fan Page• consultgenie.wordpress.com on Corporate Blog
• Don't miss this opportunity - Register Now
