Clarkston Named in Forbes’ Best Management Consulting Firms 2021
March 16, 2021 | Durham, NC
One year after the Covid-19 pandemic upended the business world, the role of management consultants, responsible for guiding organizations through disruption, is more important than ever before. While the industry was not immune to the economic effects of the crisis—its market size shrinking 8% to $236.2 billion in 2020, according to IBISWorld—it’s on the rebound, expected to grow 2.3% to $241.6 billion this year. Now, the challenge for companies becomes identifying those consultancies best equipped to help them navigate the transformation ahead.
Forbes has partnered with market research company Statista to simplify this process by producing our annual ranking of America’s best management consulting firms. The list, compiled by surveying more than 7,500 partners and executives of management consultancies, as well as 1,000-plus senior executives who worked with such firms over the last four years, is divided into 16 sectors—from aerospace and defense to financial institutions—and 16 functional areas—including strategy, sustainability and digital transformation. The 230 firms that received the most recommendations are ranked according to star ratings: five stars for “very frequently recommended,” four stars for “frequently recommended” and three stars for “recommended.”
To determine the list, Statista surveyed 7,500 partners and executives of management consultancies, as well as 1,000 senior executives who had worked with such firms over the last four years. Respondents were asked to recommend consultancies across the predetermined sectors and functional areas; self-nominations were not considered. Statista then identified the firms with the highest number of recommendations and organized them into star ratings: five stars for “very frequently recommended,” four stars for “frequently recommended” and three stars for “recommended.” A total of 230 management consulting firms made the final ranking.
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