The National Consulting Index (NCI) is a means of determining the strength of a national management consulting sector, relative to other countries. It was first created in 2017 following research and analysis conducted by the author and a team at the International Council of Management Consulting Institutes. This paper provides an update to the NCI, taking into account market conditions in the Covid era and using multiple regression to strengthen the NCI formula.
The outputs of the research are a) an update of the NCI formula, showing a higher degree of fit with the data than previously experienced, and b) the ability to provide estimates of MC market sizes for any country where other data points are known. In the case of the NCI calculation outlined in this paper, these data points are Gross Domestic Product, Hofstede Individual-Collective culture, eGovernment index, and the Global Innovation Index.
are practising anthropologists. Their CVs show they've been around the block a few times with their specialism and have accumulated an impressive commercial client list to accompany their academic achievements. For this book, they have supplemented their own experiences with well-chosen input from five contributing authors, all with similarly impressive pedigrees.
In 2018, a research project was initiated by a team connected with the International Council for Management Consulting Institutes to analyse the factors that account for the relative strength of country’s management consulting sector. The results of this project, the Consulting Readiness Index (CRI) were reported in the previous issue of the Management Consulting Journal (Haslam et al, 2018). Since the development of the CRI, further investigation has been conducted to enable the ingredients of the CRI to estimate the financial value of national management consulting markets. This paper describes the approach, the results and the implications.
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