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Innovation, NOT restoration

Every day I receive a consulting tip from Institute of Management Consultants, USA. To the question "What new hurdles will consultants have to overcome until the market comes back?" the author responds ...

"Why should our consulting practices be any different than the business of our clients? We face the same accelerative and disruptive forces they do, so it stands to reason that our business would evolve like theirs ... While some aspects of our practice might look the same, there are distinct changes in consulting. Engagement sizes seem to be decreasing, clients are more selective about choosing individual talent than firm pedigree, more are using pricing models, participative compensation or value pricing, and many clients are building internal consulting practices again. We are more likely to restore our consulting practice to health not by doing more of what we used to do but by doing what we advise our clients to do - create a new practice ... Write a business plan for your business that focuses on innovation instead of restoration."

Are you seeing any trend? Toward innovation? Or restoration?

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