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Demanded, both in good times and bad times
Despite the economic crisis, the management consulting industry retains a strong position within the business world. A central explanation appears to be that companies, organizations and authorities have rationalized their business to such an extent that consulting services are necessary in order to make business work. Although Arthur D. Little is the world’s first management consultancy (founded in 1886), McKinsey & Co, which was founded in Chicago 40 years later, is currently ranked number one.
Despite the economic crisis, the management consulting industry retains a strong position within the business world. A central explanation appears to be that companies, organizations and authorities have rationalized their business to such an extent that consulting services are necessary in order to make business work. Although Arthur D. Little is the world’s first management consultancy (founded in 1886), McKinsey & Co, which was founded in Chicago 40 years later, is currently ranked number one.
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