CB Insights Describes the Disruption of Management Consulting
Nimble start-ups are engaging in “disruptive innovation,” challenging the traditional model of management consulting.
Management consulting consists of four functions:
Information (data analysis)
Expertise
Insight
Execution (direction for improved outcomes)
Consulting companies appear vulnerable to disruption from aggressive new companies using advanced technology.
Disruption vulnerabilities for management consulting firms are derived from:
Over-reliance on manual data compilation and review
High margins based on time-billing rather than outcome
Information asymmetry (rapid obsolescence of “insider” information)
New digital platforms and applications allow user companies to independently analyze business organizations, identify ineffective strategies, and optimize performance without the need to rely on outside consultants.
Source: CB Insights
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