Administrative Management and General Management Consulting Services

Running head: RESEARCH PAPER
Administrative Management and General Management Consulting Services
Name of the Student:
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1RESEARCH PAPER
Table of Contents
1. Findings.......................................................................................................................................2
1.1 Top trends of the consulting industry....................................................................................2
1.2 Emerging issue in a trend......................................................................................................4
2. Conclusion...................................................................................................................................5
References........................................................................................................................................7

2RESEARCH PAPER
1. Findings
The selected NAICS code for this study is 541611 (Administrative Management and
General Management Consulting Services). In United States, the management consulting was
$80 billion based on enterprise wide and $100 billion based on industry worldwide. In 21st
century, the management consulting industry is offering internet based services to the businesses
launching online ventures. 25% of the personnel into management as well as consulting services
are to be self-employed (Poulfelt et al., 2017, pp. 5-36). Consulting is one of the industries which
come under NAICS code 541611.My role in the industry is as “Senior Subcontracts
Administrator”. As a subcontractor administrator, it is role to identify requirements of the
consulting business and carry out a process to determine the business requirements. It is
responsibility to procure of materials and services which support business effort of the industry.
There is management of lifecycle of subcontract included to identify company’s requirements,
negotiation with sources and took decisions which provided is to be selected as subcontractor.
The subcontractor administratoris being hired in subcontracting practice for making
improvement over staff retention, explore of strategies related to marketing and purchase
software(Hickman& Silva, 2018, pp. 40-45). Subcontracting offers advantages to reduce the
cost, maintain a quality assurance, increase in business productivity and prevent from the
problems.
1.1Top trends of the consulting industry
The recent trends for the industry will shift the revenue based abroad, mainly in the
Eastern Europe, Latin America and other places for greater access to world markets. In United
States, demand is focused into the private sector. The top trends of the consulting industry are: