Management Consultancy: The Power to Unleash Natural Capital Thinking

Abstract

Much has been written about the impact of the management consultancy industry. Dealing in the business of thought leadership and the latest ideas (Sturdy, 2011), management consultancy is also a highly diverse industry and can be extremely innovative (Williams, 2019). Researchers have explored how management consultants achieve success in what is also a highly competitive and cut-throat sector. Success can be viewed in various ways, but is most commonly spoken of in terms of client satisfaction, repeat business, high utilization rates, and having a positive impact on client organizations in financial terms. Commentators note the importance of human capital in the industry (Von Nordenflycht, 2010), social capital (both internally and externally with clients) (Mors, 2010), and organizational capital (finding new ways of organizing and structuring client engagements, including virtually) (Williams, 2019).