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    Current Issues in the Consultancy Business

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    1. Describe the waterfall effect of e-business on the consulting process.

    2. Identify and describe challenges for the future of the consulting industry.

    3. Describe the intellectual value-chain with the four stages
    Four stages - Idea Origination -> Strategy Development -> Strategy Implementation -> Evaluation

    4. Identify and describe the benefits of networking.

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    Solution Preview

    1. Describe the waterfall effect of e-business on the consulting process.

    A waterfall effect is any sudden downward-spiraling impact without a very noticeable warning. E-business and e-commerce has impacted a lot a businesses initially because many businesses were already operating according to their very thought-out business plans and business models. They did not plan for how e-business would change the course of doing business. In the world of consulting, many people relied on face-to-face consul and clients would have the opportunity to analyze the vibe on consultants to see if they wanted to do business or continue doing business with consultants. When e-business consultants arrived, like any other area of business, there was a loss of clientele, cheaper prices, and the urgency to find a way to compete. This waterfall effect forced consulting practices to re-group and not only find a way to compete against e-business, but also, to ...

    Solution Summary

    The solution discusses current issues in the consultancy business.