Boston Consulting Group (BCG)’s Post

As a CEO Ambassador at the Boston Consulting Group (BCG), I get to tackle the most strategic questions. In our global survey of C-suite executives, cost reduction is unanimously viewed as the most critical strategic priority in 2024. But while 83% of companies surveyed say they either met or exceeded their original cost savings targets, 35% of companies also struggled to sustain those savings. By taking a holistic, growth-oriented approach to cost management, companies can build leaner structures to drive a lasting competitive edge. Discover business leaders’ priorities in the year ahead in BCG’s full survey: https://lnkd.in/dnSkbKmn

👉👉 2023 Consulting Trend: The Rise of Deep Specialization in Consulting! In recent years, a prominent trend in the corporate world has been the gradual shift away from general consulting towards a more focused approach known as deep specialization. This transformation is driven by the current state of the labor market, which has led companies to prioritize the hiring of seasoned experts.

The business and finance magazine Forbes, together with Statista, has listed Strategy Engineers as one of the world’s best management consulting firms 2023 🏆 With challenging supply chains, growing geopolitical tensions and climate change showing increasingly drastic consequences for people and businesses around the world, businesses struggle to take the right decisions. At SE, we share one common purpose: To unlock our client’s potential to navigate uncertainty towards sustainable mobility 🎯.  We are proud to be honoured with this award by Forbes and Statista. Thank you to our team and to our clients for the great feedback and trust. And no matter how uncertain the future looks like, we continue working with our clients on their way to strategically leverage disruptive change and take a leading position in a new reality.  Forbes list of world’s best management consulting companies: https://lnkd.in/ebRnjDyf  #forbes #statista #award #managementconsulting 

Based on our search, the latest industry predictions for global management consulting indicate a positive outlook and substantial growth in the coming years. According to a report by PR Newswire, the global management consulting market value is projected to grow at a compound annual growth rate (CAGR) of 9.00% during the forecast period of 2023-2028. By 2028, the sector is expected to reach $511.88 billion. Another report by The Business Research Company predicts that the global management consulting services market will grow from $891.88 billion in 2021 to $973.67 billion in 2022 at a compound annual growth rate (CAGR). Furthermore, Market Research forecasts that the management consulting services market will grow at a CAGR of more than 3% and reach $1,184 billion by 2027. These predictions suggest that the global management consulting industry will continue to expand and witness significant growth in the near future. #drpksolutions #PKCSLLC #MicroBusiness #SmallBusiness #sdgs #managementconsulting #managementconsultant

In an era of unprecedented change, what do clients truly expect from management consulting firms? The landscape of business is evolving at a breakneck pace, and with it, the expectations clients have from their consulting partners. Gone are the days when a one-size-fits-all approach was sufficient. Today, clients demand tailored solutions that not only address their unique challenges but also anticipate future trends. Firstly, expertise in digital transformation is no longer a value-add; it's a necessity. Clients expect consultants to guide them through the integration of new technologies and digital processes that streamline operations and drive innovation. Secondly, agility is key. The ability to pivot and adapt strategies quickly in response to market shifts is a non-negotiable trait that clients look for in a consulting firm. This agility must be coupled with a deep understanding of the client's industry, enabling consultants to provide insights that are both relevant and actionable. Sustainability is another critical area. As businesses face increasing pressure to operate responsibly, they look to consultants to help embed sustainable practices into their core strategy, ensuring long-term viability and compliance with emerging regulations. Moreover, clients seek a collaborative approach. They want consultants who work with them, not just for them, fostering a partnership that leverages the strengths of both parties. Lastly, measurable results are paramount. Clients expect clear metrics of success and a tangible return on investment from consulting engagements. As a leader in the consulting space, it's our responsibility to meet and exceed these expectations, delivering value that propels our clients forward in an ever-changing business environment. Are you aligning your consulting practices with these evolving client expectations? Share your insights and let's discuss how we can collectively raise the bar for the industry. #ManagementConsulting #DigitalTransformation #BusinessStrategy #Luxeadvisors

As 2024 unfolds, Swire Consulting is geared up to explore new horizons in business consulting. This year, we're doubling down on our commitment to deliver innovative and strategic solutions to our clients. 📈 A Year of Strategic Growth and Innovation: Our focus this year is on harnessing cutting-edge technologies and methodologies to further enhance our consulting services. We're excited to dive into new projects, leveraging our global expertise to bring unique insights and value to our clients. 🔍 Deepening Our Industry Expertise: Continuing our legacy, we plan to deepen our industry-specific knowledge, particularly in emerging sectors, to offer more nuanced and tailored strategies. 2024 will see us expanding our collaborative efforts with industry leaders and specialists to bring a more holistic approach to our consultancy. 🚀 Empowering Our Clients: We are dedicated to empowering our clients through strategic guidance and robust support, helping them navigate the complexities of their respective markets. Our goal is to not just advise but to partner with businesses in driving transformative change and tangible results. As we embark on this new year, we're more focused than ever on being the catalyst for our clients' growth and success. Stay tuned for exciting developments and innovations from Swire Consulting. #BusinessConsulting #Innovation #StrategicGrowth #SwireConsulting2024

What capacity does your consulting firm have for a specific competence in three weeks, three months, or in six months? Planning how you utilise your talents and competencies most effectively within the consulting firm impacts both delivery and profitability, as well as the development of the company’s expertise and the well-being of employees. Speak with the team at Allocat to go through what you, as a leader in a consulting firm, should consider. #ResourceManagement #CapacityPlanning #StrategicHumanResources #AllocatApp

THRIVE Magazine | Issue 01 Explore insights from KPMG's Deal Advisory specialists focused on Thailand's M&A landscape to accelerate your business transformation.