The Changing Dynamics of Consultancy

Today’s consulting landscape has been subjected to intense disruptions such as the gig economy, technological developments, and globalization. Similar to the clients they counsel, consulting organizations have been required to change themselves as well as their employees in the provision of fast, quality and profitable servicing as demanded by their clients. Over the past couple of years, consulting firms have experienced a major marketplace change occurring since traditional consulting has turned out to be less profitable. With respect to reports by major consultancy firms in the United Kingdom, it has been revealed that the consultancy sector is experiencing a revolution which leads to the conclusion that traditional consultancies with regard to management will come to an end in approximately twenty years. According to Consultancy (2018), it is without a doubt that organizations are necessitated to get and retain skilled personnel since such skills are needed in flourishing in the ever-changing business surrounding. However, it is agreed that the absence of talented employees is a major barrier to consulting firms. The solution, therefore, lies within the conventional staffing approach where skilled professionals are allowed to work independently.

Due to the increasing demand for quality and innovative services as well as employment, the gig economy has become a source of disruption for the conventional staffing which has the power to change industries inclusive of consultancy. The gig economy is normally connected with minimal pays, insecure working as well as high exploitation. However, there is an increasing professional gig economy that is mainly comprised of skilled experts that are currently changing the situation in the industry. The share of independent workers is increasing rather fast and the sector that has been affected most is management consultancy. Ignatia Consultancy is seeking to be a challenger consultancy by taking advantage of the evolving world and working approaches as well as increasing pool of independent consultants that offers marketing leading teams to its clients.

Consultancy (2018) asserts that Independent consultants will soon take over the market based on their general ability to meet the growing and ever-changing needs of clients within the global sector. Both firms and independent consultants benefit mainly from liberty and flexibility that might not be acquired from large traditional consulting companies. Actually, about 48 percent account that flexibility is essential for choosing independent consultancy over all the other traditional companies which makes the feature more important than the associated pricing. It is without a doubt that clients today are not only seeking quality services but also convenient, fast as well as affordable something that most of the operating consultancy firms fail to meet. Cost is usually a major barrier since such services can only be offered by skilled professions which means that they need to be paid to act as a motivation and enhance the ability to retain them.

Independent consultancy is a major disruption in the industry because firms hold that independent consultants provide quality work when equated to conventional companies. The top priority in the industry is not only to maximize gains but also to attract a significant share of consumers in the market over the competitors. As a result, there will be an increasing utilization of independent consultants in the next couple of years which is driven by the need to embrace change. Innovation has been an influential way through which independent consultants are succeeding in this technological era. Innovation as a means of conducting business successfully means being able to operate differently and better to make positive differences in terms of quality, productivity, and values. Currently, online networking and communication connect consultants with their clients at ease thus increasing the ability to overcome conventional challenges that come with technology use.

In the competitive business landscape today, the success of the business is dependent on the ability to provide quality and satisfactory services. Thus, succeeding in independent consultancy means doing things different than what all the other competitors do as a whole. Clients highly appreciate the services offered by independent consultants because they are perceived as affordable and fulfilling to their needs at large. In that, these consultants appear to be guided by the needs of their clients as their main driving force. In other words, independent consultants are consumer-centered meaning that their operations are guided by the needs in the marketplace rather than the conventional focus of increasing revenue generation.

In summing up, it is evident that the gig economy of professional consultants is a major disruption in the market. Thus, becoming a challenger in the market requires Ignata Consultancy to get and retain skilled professions particularly those that have the ability to increase its competitiveness. In other words, the success of any consultancy firm is dependent on its ability to holistically employee talented professions. Quality, convenient, fast and affordable servicing is what clients demand and thus for a form to succeed it must be ready to innovate different strategies for working in the industry that overpowers the competitors. Ignata Consultancy is ready to be part of this disruption by strategically situating itself as an innovative and client-centered firm.

 

 

 

Reference

Consultsncy.UK. (2018). One fifth of UK management consulting work goes to independent consultants. Retrieved from: https://www.consultancy.uk/news/16722/one-fifth-of-uk-management-consulting-work-goes-to-independent-consultants