Strat-Bridge 🚀

The annual Lünendonk & Hossenfelder GmbH ranking of the German management consulting landscape: 🦖 Top 20 German consulting firms will grow by 12.5% in 2023, while international consultancies will grow by 8.4% 🐢 Strong growth by some of the German hidden champions of consulting, of up to 15.7% 🦕 Market consolidations with a number of acquisitions.

The German economy's need for transformation continues to ensure full order books 📖 🌐 Global players in consulting are growing in single digits - driven by less dynamic development in the USA and Asia. 📈 The Federal Association of German Management Consultancies (BDU) are still forecasting growth of 7.2%.

Most corporate CEOs are focused on digital transformation as a strategic priority. 🧠 By 2027 it is estimated that 40% of large organisations will have implemented artificial intelligence, compared to 10% in 2023. 🏇🏻 Who are the consulting leaders at the vanguard:

German Management Consulting Sector Headlines: Growth Trends 🪴 2022: 15%  🌱 2023: 7.2% 🌿 2024: 9.8% (projected) Industry Snapshot 👥 231,000 employees  👩💼 36% female 🧸 20% Junior Consultants

Management consulting firms grow 9% globally, driven by an uptick in demand for AI and data services. Growth by market: 🌍 10.3% in Europe 🌎 7.1% in North America “What’s more, high visibility, boosted by implementing a project-based ERP system, catapulted the top 20% of performers in Europe firms forward and reduced hiring needs. I’ll be interested to see how the use of technology, especially AI, develops this year.” - VP at Deltek

Deltek's list of top KPIs tracked for consulting firms, some benchmark headlines: 📽️ Project Benchmarks - 80% utilisation rate - 85% on-time project delivery - 40% project profit margin 👥 People Benchmarks - 13% employee turnover rate - 13% annual headcount growth - 270k average revenue per consultant 🏷️ Sales Benchmarks - 60% win rate - 200% deal pipeline - 30% net-new sales 🔌 Company Benchmarks - 15% net revenue growth - 20% overall profitability - 78% client satisfaction

Germany's annual brandiens & Statista management consulting rankings are out for 2024 🎛️   🔋 Who knows about energy and environmental issues?   ♟️ Which expert is at the forefront in developing new business models?   🖲️ Who are the experts that pioneer industry 4.0 and smart factory topics?

The global M&A market saw total deal value drop by 15% last year to $3.2 trillion 🛬 🧠 Early adopters are getting a head start on generative AI. ✋ Timeline for regulatory approval increasing. 📈 Expectation of increased deal flow as PE sheds ageing portfolio companies and corporates sell non-strategic assets.

Financial Times: UK Leading Management Consultants, 2024 Ratings 📈

Headlines from the upcoming 2024 SPI Benchmark Consulting average revenue growth: - Europe at 10.3% (with profitability at 19.7%) - North America at 7.1% (with profitability at 15.3%) Tech a key factor to consulting success: - Generative AI to supplement staffing and back office functions - ERP and PSA as core growth accelerators