Consulting on the Brink: The implications of Enron for the consulting industry

Management consulting industry likely to be hit by Enron-style scandal

9 December 2002

The management consulting industry could suffer a spectacular collapse with repercussions on the scale of Enron's impact on accountancy. Many clients now want the claims of consulting firms to be externally verified.

New research released today shows that consulting firms are in danger of losing their clients' trust. This major report, written by Fiona Czerniawska, a worldwide authority on the consulting industry, suggests that the implications of Enron are more far-reaching than most consultants would admit.

Based on contributions from leading consulting firms and more than 50 blue chip companies in North America and Europe, this report reveals that:

• The consulting industry has reached a critical state in which a consulting firm that knowingly over-sells its services could trigger an industry-wide scandal of Enron proportions.
• Most clients would like to see much greater transparency in the consulting industry: rather than accepting the promises of consultants, clients want to measure their impact.
• And much of what consulting firms are doing to respond to Enron is making things worse - according to their own clients.

Consulting on the Brink: The Implications of Enron for the Consulting Industry provides the single, most authoritative analysis of the impact Enron is likely to have on the consulting industry.

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Articles based on the report have been published in Consulting to Management and Management Consultant International and are available for free download.