Consulting Industry Dynamics and AI Disruption

What significant change did McKenzie experience between 2012 and 2024?

• It expanded into new markets.

• It reduced its workforce by 10,000.

• Its revenue tripled.

• Its revenue doubled.

How has BCG managed to grow robustly compared to McKenzie?

• By acquiring smaller consulting firms.

• By reducing its workforce significantly.

• By focusing solely on traditional consulting.

• By expanding its digital offerings and retaining specialists.

Which company is mentioned as a rapidly growing competitor in the AI space?

• Palanteer

• IBM

• Accenture

• Deloitte

What is a potential outcome for traditional consulting firms due to AI's rise?

• They will merge with tech companies.

• They will focus more on strategic advisory roles.

• They will become obsolete.

• They will stop offering AI services.

Why might technology providers find it essential to work closely with clients?

• To avoid competition.

• To focus on software development.

• To improve their tools and services.

• To reduce costs.