The long storied history of the consulting services sector in the U.S. is at a turning point. From humble beginnings with the creation of scientific management to the modern day Co. and McKinsey, KPMG and Gemini, the industry has risen to an estimated $39.3 billion in the U.S. alone.
At the center of change will be the growing track record of mixed results, poor financial returns, and lack of appreciable gains in cultural advancement and corporate abilities.
In the bestselling book of theirs, “Dangerous Company: Management Consultants as well as Businesses They Save as well as Ruin” James O’Shea and Charles Madigan state, “Behind just about any company merger and “re-engineering” work or every downsizing of the last decade lurked an extremely paid consultant”. They continue to outline case studies of fortune 500 businesses that spent $millions on consultation services contracts simply to find out their situations worsen.