Global Economic Growth

Global Economic Growth

Consulting is usually additional service for companies. During times of financial crisis companies try to find money for salaries and operational activities, so consulting is postponed or even rejected by many companies. Which is paradoxical situation, as during crisis companies need new ways of doing things, fresh look at the business, etc. In spite of this, during the economic growth, as business get more and more profits, companies tend to put money for consulting projects. So, the growth in consulting can be considered as derivative to the economic growth.

Enablers:

1. Further expansion of globalization: companies that started to expand business globally will need help of consultants on best practices of how to do it.
2. Political stability: in the situation of political stability, top management of companies can be safe and think on further development and expansion of the business.

Experts:

1. McKinsey
2. BCG
3. Bain