McKinsey boss Kevin Sneader has weighed in on what he thinks the implications of the global coronavirus pandemic will be for the business world, stating that nothing will be the same.
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Covid-19
Strategic Planning typically never incorporates extreme scenarios. After Covid-19 things may change!
The novel Coronavirus has taken the entire human race by shock and surprise. The impact it has made on global economies is yet to reach its culmination point. We are still very much in the middle of this pandemic
The Coronavirus outbreak marks a major blow for consultants. However, like any crisis, it could also present an opportunity, according to the leaders of four global strategic consulting firms.
Boston Consulting Group (BCG), one of the world's leading management consulting firms, announced today global sales of $8.5 billion for 2019, with underlying revenue growth of 14% at constant exchange rates.
The Covid-19 pandemic is of course dominating the news, and rapidly curtailing much of the recruitment activity we saw early in 2020. Overall business confidence in the management consultancy sector remains very strong, and across the industry from boutiques to the biggest global firms, the strategy is to ensure they are ready to respond as soon as the crisis has passed.