Public knowledge: Government projects and initiatives have provided opportunities for consultants
The Consulting Services industry has endured a challenging operating landscape in recent years. Consulting firms provide advice and strategies to solve a range of business-related issues. Internal competition is mounting as low barriers to entry and high profit margins encourage a flurry of new entrants. To retain market share, some consultants have raised employee wages to attract talent and deliver expert service. Climbing public and private capital expenditure and a rising number of businesses in New Zealand have buoyed industry expansion in recent years.
Industry firms provide clients with advice and strategies to solve a range of complex business issues. These issues include management, financial performance, business strategy, public relations, human resources and operational structure. Consultants aim to improve a client’s overall business performance. The industry excludes IT design consulting and accounting services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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