Recession Threat and Fee Pressure
There is no doubt that a top-of-mind concern among consulting executives is the extent and length of a possible recession. Many worry that rising fuel prices, the credit crunch, and weak US dollar as deep-seated issues that will weigh down the economy – and corporate discretionary spending – over the next few years.
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IBM Champions Higher Education Revamp
Academia needs to change in order to produce graduates who are better prepared to meet the needs of 21st century management consulting firms. This is according to a new initiative at IBM that seeks to promote the idea that next-generation consultants would be better served if more universities offered curriculums that gave students an interdisciplinary mix of business and technical knowledge.
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Firms Warm Up to Blogging
Although blogging has the longest history in the world of Web 2.0, it has met with limited success in the corporate world. Many early blogs were constrained by the online diary format, which produced sites that were often overly informal, too opinionated, or ran out of things to say. Consultancies were fully aware of these limitations. To this day, few firms publish public blogs to foster stronger connections to current/potential clients.
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