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Lynching upon Inexperience Can be Toxic for Clients

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Anamika Sahu,  Managing Editor.If we go by Satistica report, the global consulting market was around $250 billion in 2016 with highest contribution from Operations followed by Financial Advisory. The ever increasing market of consulting is playing an eminent role in transforming the entire ecosystem comprising of various industry verticals akin to products, services, semiconductor, real estate, automobile, and others. But breaking the ice was never an easy fiat for the consultants, especially in India – a country where such profession or work is looked upon as more than luxury.
The early movers had tough time breaking the ice and chiselling out a market ready for the new entrants. Today looked upon as one of the most reputed profession, consulting industry is growing like weed, but with many inexperienced and unfit service providers who jump into the field empty handed or with miniscule experience. This is making nut cracking process further difficult for those who hold high experience in their respective industry and now turned as consultants. While working on our current edition of ‘25 Most Promising Consultants from Bangalore’, we came across several consulting providers who pointed out on the above mentioned issues. Many of the consulting providers also were baffled with the decreasing trust of clients over consulting industry due to the inexperienced logs providing sub-standard services at considerably lower prices, just to attract clients.

Though every day is a learning phase, it does not mean that you will learn while you earn, especially in the consulting domain where your client’s money is on stake. Hence it becomes more than ever important to understand that consulting requires considerable years of industry relevant experience along with understanding of the market pulse before you join the bandwagon. Understanding this dilemma, we bring to you the story of few consultants in Bangalore who hold decades of industry experience and provide exceptional consulting services in various domains. Hope the edition will prove value for its creation.

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