Global Economic Growth

Global Economic Growth

Consulting is usually additional service for companies. During times of financial crisis companies try to find money for salaries and operational activities, so consulting is postponed or even rejected by many companies. Which is paradoxical situation, as during crisis companies need new ways of doing things, fresh look at the business, etc. In spite of this, during the economic growth, as business get more and more profits, companies tend to put money for consulting projects. So, the growth in consulting can be considered as derivative to the economic growth.

Enablers:

1. Further expansion of globalization: companies that started to expand business globally will need help of consultants on best practices of how to do it.
2. Political stability: in the situation of political stability, top management of companies can be safe and think on further development and expansion of the business.

Inhibitors:

1. Wars are destroying economic power of certain countries as well as it could stop investments in the whole region around the country in war.
2. Financial crisis stops business activity around the globe.
3. Political instability in certain countries will stop investments and development of consulting in this country.

Paradigms:

1. Growth = Progress
People believe economic growth is tha main contributor to the progress of society.

Experts:

1. McKinsey
2. BCG
3. Bain
4. Politicians
5. Global Executives

Timing:

Timing linked to the state of world economy and its cycle.

Web Resources:

http://en.wikipedia.org/wiki/International_development
http://en.wikipedia.org/wiki/Economic_growth
http://www.mckinsey.com/mgi/publications/progress_and_potential_of_african_economies/index.asp
Robert U.Ayres. Limits to the growth paradigm:1996, INSEAD.