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Slowdown of growth in the management consultancy sector
Publication year - 2001
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.558
Subject(s) - revenue , outsourcing , quarter (canadian coin) , work (physics) , business , total revenue , public sector , economics , finance , marketing , economy , engineering , geography , mechanical engineering , archaeology
Members of the Management Consultancies Association (MCA) have reported revenues of £1.11 billion for the second quarter of 2001 compared with £1.09 billion in the first quarter, a rise of 1.3%. These figures indicate that the MCA revenues are following closely the performance of the UK economy (see Table 1). Income from Management Consultancy Services (MCS) have declined by 2.1% in the period whilst IT rose by 3.1% and Outsourcing rose by 9.3%. E‐business continues to be a major driver for consultancy work. Members predict that much new work will be in the public sector and overseas. Bruce Petter, MCA's Executive Director said, These figures reflect a rather less optimistic picture both of MCA member revenue growth and UK economic activity. He added that in the past MCA and MCS revenues and GDP have been closely linked.