Consulting Services
Competitive Landscape
Demand is driven by the needs of businesses, nonprofit institutions, and government agencies for outside advice. The profitability of individual companies depends on the efficiency of their operations and their ability to maintain a steady flow of business. Large firms have advantages in being able to offer broad ranges of services and to take on more complex projects. Small firms can compete effectively by specializing. The industry is labor-intensive: average annual revenue per worker is about $150,000.
Opportunities
Healthcare Consulting - The rapid growth of the healthcare sector and the rapid evolution of new medical process improvements are increasing the need for experts who can help...
Business Challenges
Dependence on Economic Growth - Consulting revenue depends on economic growth, and especially on corporate profits. Consultants are considered an expendable cost (or one that can at least be delayed)...