| This category includes the well known, "elite" heavyweights such as , and | Here, we're going to increase your understanding of the consulting business by looking at the unit economics of a case |
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| For this purpose, we've put forth the following classes of consulting firms: strategy, implementation, industry specialists and function specialists | Afterall, a firm can only have so many strategies, but often has an endless stream of implementation tasks |
The range of case work includes projects like bankruptcy restructuring, such as FTI did with General Motors during the 2008 recession, or helping sort out what happened in the infamous Bernie Madoff ponzi scheme which FTI also helped with.
| , McKinsey , the implementation class gets recognition due to strong brands plus a very high volume of case work | , Applied Predictive Technologies or design consulting firms e |
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| Trends within the consulting industry Now that we've got a framework for how the consulting industry itself breaks down, it's worth thinking about the trends within the industry itself | Similar to the strategy and implementation firms, many of these firms are attempting to expand into other classes |
We could do some some analysis and propose an alternate strategy and then help you implement it.
18| The long standing leaders in implementation are and , who both employee massive work forces and put up impressive revenue numbers year over year | As you're going through case interviews, you'll find yourself assessing the unit economics of all sorts of businesses, from cereal bars to motorcycles |
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| However, in this case, the implementation firms are looking to move upstream into strategy work as well as opposed to the strategy firms looking to move downstream into implementation | And, oh, by the way, we've got an implementation team that help you execute on that over the next six months" |