Business Models of Consulting Firms: What do their Leaders Need to Know?

Merlin Stone; Brett Parnell

doi:10.2478/mcj-2023-0014

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Business Models of Consulting Firms: What do their Leaders Need to Know?

Management Consulting Journal

Volume 6 (2023): Issue 2 (June 2023)

By: Merlin Stone and Brett Parnell

Open Access

|May 2023

Abstract

Management consultants have found the business model concept to be a useful consulting tool. This article explores its application to management consultancy itself, identifies some business models used by consulting firms, and explores what information leaders of management consulting firms need in order to check whether their business models are right for their markets, and working appropriately.

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