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Quo vadis management consulting - megatrends 2010

This 10th anniversary meeting of FEACO-VTMSZ focuses on the changing consulting industry in an enlarging Europe. It explores the evolution of knowledge management, the impact of socio-economic changes, and the role of consultants in the digital age.

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Quo vadis management consulting - megatrends 2010

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  1. 10th Anniversary Meeting of FEACO-VTMSZ “New Trends and Tendencies in the Consulting Industry in an Enlarging Europe”, Budapest, November 8-10, 2006 Quo vadis managementconsulting - megatrends 2010 Prof.Dr.József Poór President of Organizing Committee

  2. “For a long time, the Swiss had a lock on watch making. They built the best watches money could buy, and by the 1940s, they produced 80 percent of all watches world-wide. In the late 1960s, when an inventor presented an idea for a new type of watch, Swiss watch companies rejected it. Believing his designed merit, the man took it to a company in Japan. The name of the company was Seiko. The design of the watch was digital and today, 80 percent of all watches use a digital design.” ( Maxwell, 1999: 50)

  3. Evolution of knowledge doubling

  4. Davenport - Prusak (1998) John Naisbitt (1980) Peter Drucker (1966) Michel Polanyi (1964) ”velocity - viscosity" John Luck (1689) ”information age" ”knowledge worker" E-learning "explicit & tacit KH" Internet "ideas of reflection" Computer Printing Evolution of knowledge management and its technology Integration Universalization Hybridization High specialization

  5. Post – Capitalism/Industrial Capitalism P. Samuelson A. Smith “Value creation thru convergences” Post - Socialism “To earn money to shareholders” Socialism K. Marx “Value creation thru Wild or moderated Capitalism” “Egalitarian value creation to the society” Evolution of socio-economic environments and their drivers Egalitarianism Individualism Mix approach

  6. Clients- trends and tendencies at multinational firms Globalization Out&in-sourcing M&A Intercultural- sensitivity

  7. Clients- trends and tendencies at SMEs • Important role of SMEs in employment (40-68%) and in total sale (38.8-59.1%) • Growing number of self-employed people • Steady birth and death rate of these firms • Firm survival ratios increases by size and age Usage of managers Create functions IPO Internationalization Outsourcing

  8. Adaptive Public Management Anglo- Saxon World New Public Management (NPM) Bureaucratic (traditional) NPM Other part of the World Bureaucratic (Traditional) 1945 1979 1997 Today Clients- trends and tendencies in public sector Effectiveness Client-orientation Openness& transparency Regulations

  9. 5 3 Near- or Outsourcing Age??? Information Age Knowledge, Search and usage information 4 2 People Age Cooperation Intercultural understanding Management Age Combination See the big picture 1 Industry Age Efficiency Cost consciousness The Five Waves of the consulting industry Innovation Cooperation Knowledge Combination Efficiency

  10. 1 Technical Intelligence 2 Left brain IQ Besides technical KH and skills of consultants, the competency development (i.e. people, culture) is a growing issue Right brain EQ Emotional Intelligence 3 CQ Right brain Cultural Intelligence Evolution of consultant intelligences

  11. Information ? Planning Change Learning Small Big Large Changes in the nature of consulting intervention Participative Mix role High specialization & global app.. for MNCs All-round app.. for PS& SMEs Source: Markham

  12. Institutional targets Professional targets Social & ethical targets Future - find right balance among..

  13. Thank you for your attention! Contact: József Poór, Principal&Market Leader Mercer Hungary Professor of Management (PTE-KTK) phone: 00-36-20-464-9168 jozsef.poor@mercer.com

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