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Created the fisrt Management consultent firm
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The first to serve both industry and government clients.
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Triggered by the Glass-Steagall Banking Act. It was driven by demand for advice on finance, strategy, and organization.
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More firms started to open in Europe, later in Asia and South America.
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Booz Allen Hamilton developed the tools and approaches that would define the new field of strategic management, setting the groundwork for many consulting firms to follow
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Driven by demand for strategy and organization consultancies
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Gaining considerable importance in relation to national gross domestic product.
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The big accounting firms entered the IT consulting segment.
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Growth rates of the industry exceeding 20% in the 1980s and 1990s.
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More than 30 large firms world wide.
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Driven by both strategy and information technology advice
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A shift to more results-based pricing, either with fixed bids for defined deliverables or some form of results-based pricing in which the firm would be paid a fraction of the value delivered.
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Currently, there are three main types of consulting firms. Large, diversified organizations, Medium-sized management consultancies and boutique firms.
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Favor a hybrid with components of fixed pricing and risk-sharing by both the consulting firm and client.