caribbean institute of certified management …...• ifis • donor agencies • ngos • civil...

CARIBBEAN INSTITUTE OF CERTIFIED

MANAGEMENT CONSULTANTS

5th Management Consulting

Business Symposium

2013 Industry Update

Basis of presentation

• 2010 Nathan EME Report

• 2013 CICMC Survey

• 2013 Report on services sector in SLU

• Various CARICOM/OECS reports on

services sector

Who is a MC?

REFLECTION OBSERVATION DATA GATHERING IDENTIFYING

ALTERNATIVES AND RESOURCES

ALTERANTIVE SOLUTIONS

IMPLEMENTATION

VERY DEFINITIVE PROCESSES

AND TOOL KITS, guided by CODE

OF CONDUCT & ETHICS

What is Management Consulting

MC demographics

• Not gender differentiated

• >75% 45+

• 81% of >55 years – fulltime

Characteristics of MC industry

MC services

• Business advisory

services

• Coaching and

mentoring

• Facilitation

• Strategy

• HR

• Leadership

Development

• ITC

• Re-engineering

• Operations

Management

• Operations/ Process

Improvement

• Organisational

Development

• Project Management

• Quality Management

• Supply Chain Logistics

• Sales/business

development

Main characteristics of industry

Development corporation

• Private sector

• IFIs

• Donor agencies

• NGOs

• Civil Society

Private sector

• Large Corporations

– Financial services

– Company services

– Banking and Trust

• MSMEs

– Business Plans

– Coaching/Mentoring

Communications, HR, Financial Management

Preferred client types

• National - 36%

• Regional – 30%

• International – 20%

• Mode 1

• Mode 2

• Mode 3

• Mode 4

Industry Performance 2010

• Crowding at bottom

• Cannot move up food chain

2013

• Median turnover USD 75,000; mean

turnover was USD 120,816.

• >55 years old; company - USD175,000

• Sole operator ~ USD55,000

Emerging issues

Barriers and Challenges

THANK YOU