Forces That Drive Business Consulting
In a global business environment, CEOs face many challenges: customers searching for the best possible price/value mix; rising raw material costs; pressure to keep prices low; profit margins shrinking in some parts of the world; consumer demand dropping from possible credit problems; and low-cost competition from Asian countries supplying U.S. consumers. With so many complex, competing economic forces, executives and managers face quite a dilemma. This is grist for the mill for consultants.
Today’s complexity can be simplified into a set of seven major forces that impact all organizations:
- Globalization of the economy
- Regionalization of the globe
- Changing regulations
- Privatization of public organizations ...