Australia's Management Consulting Market and India Prospects

This report provides a comprehensive analysis of Australia's management consulting market, highlighting its current position, growth trends, and expertise. It explores the potential for Australian firms to expand into the Indian market, considering factors such as demographics, location, and regional opportunities within India. The report also examines the import and export dynamics between Australia and India, providing insights into the products traded and their significance. Furthermore, it delves into the global management consulting market, outlining key themes, service types, and the increasing importance of consulting services for organizational success. The analysis emphasizes the benefits of Australian firms expanding into India, including the potential for economic development and enhanced competition within the Indian market. The report concludes by underscoring the growing role of management consulting firms and the positive impact of strategic planning on organizational performance.

Running head: MANAGEMENT
Management
Name of the Student
Name of the University
Author Note

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The management consulting market is one of the most important elements for the success
of the competitive organizations. The expertise of the consulting marketers should be of the best
quality so the organizations could manage the success. Australia is definitely one of the countries
that have managed to excel their performance in the management consulting. They have
produced some effective solutions for the betterment of the industry. When these Australian
management consulting firms will expand into India they will surely face some challenges as
well as the opportunities (Lăzăroiu, 2015). The aim of this paper is to give a description of the
current market position of Australia in the management consulting market. The imports and
exports of Australia to and from India will also be highlighted to understand the scenario better.
The demographics and location of India for the Australian management consulting firms should
be explored in this paper and the condition of the global management consulting will be explored
as well.
The management consulting industry in the world has recorded a huge growth in the
world. This is why this is one of the greatest achievements of the industry. Critics have
acclaimed that this is one of the best successes for any industry in Australia. In the last seven
years, the growth of the industry has been at the highest rate ever imagined. The local advisory
market has been growing very fast and the rate of growth is more than 8% around AU$7.7 billion
(Lăzăroiu, 2015). This figure is very motivating for the industry to grow in the contemporary
scenario. This level of growth can be compared with the national growth of Australia as well.
The national growth of Australia is around 2.8% and this growth rate of Australian management
consulting industry is almost three times than that (Hye & Lau, 2015). There are certain reasons
as to why this industry has been growing so fast. The most probable reason for this is the fact
that the governments and different organizations are barely trying to take the help of the

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management consultants to make the decisions properly. The navigation of the digital era can be
done only through the help of the management consulting employees (Lăzăroiu, 2015). The
future growth rate of this industry is very high from all the angles. Due to the steady progress of
this industry, the market is growing and the economy of Australia will gain the advantage from
this as well. There is a very high demand of the management consultants from the public limited
sector as well. So, the companies from the Australian management consulting industry are trying
very hard to make the most of this situation (Poulfelt et al., 2017). The growth of this sector in
Australia is immense since its growth was around $4.2 billion in the year 2013 and the current
growth rate in 2019 is $5.4 billion. Australia now occupies the most markets in the Asia Pacific
region (Chi & Cheng, 2016). Australia has been experiencing a steady economy in the current
times and this is probably due to the rise of this management consulting sector.
The demographic division of India is quite helpful for the success of the overseas
organizations in the world (Bringezu & Bleischwitz, 2017). The organizations of Australia
should always think about the regions in the country where they can get workers at a cheaper
labor rate and lots of resources. India is regarded as the biggest power to make the most
utilizations from expanding of the organizations from outside Asia. The Australian exporters can
choose from a wide range of locations in India. The growth of the industrialization has been huge
and it has accounted for making the highest gains indeed (Poulfelt et al., 2017). The development
of the infrastructure has also been increasing in India as well. There are certain social,
environmental, political and business challenges that can impede the growth of the market in
India. The opportunities for the business expansion are huge in the states of Karnataka, Tamil
Nadu, Gujarat, Kerala, Maharashtra and some others (Adekola & Sergi, 2016). There are some
good opportunities for business expansion in North-Eastern states of the country as well. The

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overall demographics in the above mentioned states is very well qualified and Australian firms
will gain the advantage of investing through cheap labor wages and enough resources. The
mineral resources in these states are abundant and the literacy rates of these states are on the high
as well (Srinivasan, 2014). Bangalore, capital city of Karnataka, is known for its efficiency in
attracting industrialization. This is why the Australian exporters and management consulting
industries will be highly benefitted if they shift their business in these Indian states (Lasserre,
2017). Therefore, the overview of the demography of these regions would completely change as
well. Employees of these firms will be benefitted if the management consulting firms can invest
in these regions. As a matter of fact, the growth of the Indian economy will be aggravated as
well. These are the positive points for the expansion of the Australian firms into India (Adekola
& Sergi, 2016).
Import and export are very much crucial for the development of the countries and their
economic growth is achieved through the import and export of different products. Many products
are imported from Australia to India and others are exported to Australia from India. These
business transactions are extremely important for the overall growth of the two countries. Many
crucial things are exported from India to Australia (Srinivasan, 2014). These products are mainly
the agricultural products, engineering and manufacturing goods, jewelry, gems and pearls, goods
made of leather, clothing, textile, chemical goods and its by products, make up goods, footwear,
travel goods and other products (Noe et al., 2017). All these products are crucial for the use of
the Australian people. The export procedures are similar between Australia, India and all other
countries. The agricultural products are very much helpful for the people of Australia. This is
why these products are exported since India is famous for the production of the agricultural
goods (Hubbard, Rice & Galvin, 2014). Some products are also imported to India from Australia

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as well. These products are generally useful for the people of India and they are effective for the
growth of the Indian economy and GDP. Things like coal, wool, dried leguminous vegetables,
aluminum oxide, manganese ores, unwrought lead, iron ores, ferrous waste products and scraps,
fresh and dried nuts, unwrought nickel, zinc ores and other products are generally imported to
India from Australia (Noe et al., 2017). The import and export policies and these business
transactions are also helpful for the two countries to maintain a peaceful bilateral connection.
This mutual bonding between Australia and India is surely something that keeps a better
international relation. These products meet up the needs of the people of the two countries
(Lasserre, 2017).
The global consulting management is a profitable business market all over the world.
There are some concepts of the business management consulting that should be identified for the
better understanding of the subject. Two of the most crucial consulting management themes are
crowd sourcing and network-based consulting management (Gitelman & Kozhevnikov, 2017).
The three types of management consulting services are mainly the HR advisory, Operations
advisory, strategy advisory. Advisory is regarded as one of the most important elements for the
management consulting services. The management consultants generally provide the different
types of advices to the organizations on their strategic planning and how they can implement
those plans for the organizational success (Bronnenmayer, Wirtz & Göttel, 2016). The global
consulting management services have gained a huge importance since many important
considerations are within the scenario. These are the strategic and financial planning of the
organizations, control planning, and policies for the human resource management, production
scheduling and many other factors (Hubbard, Rice & Galvin, 2014). Due to the success of these
policies, the management consultants have been valued in the current times indeed. The

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organizations nowadays prefer to take the necessary help from these organizations so they can
improve their procedures and cater for the development of their strategies. Through the plans set
by these consulting management firms, the organizations would be able to improve their
performance (Bronnenmayer, Wirtz & Göttel, 2016). The India based organizations have not
been able to perform very highly in the recent times so the expansion of the Australian
consulting management firms would be highly beneficial for them from all the angles. These are
the probable benefits that the organizations can gain from the planning of the Australian
management consulting firms.
In the concluding section, it can be said that the role of the management consulting firms
has increased in the current times. This is why the vast growth of the consulting management
industry has increased a lot in Australia. if the Australian consulting management firms want to
expand to the different states of India, it will impact in a highly positive manner in case of the
Indian industrialization perspectives. The organizations will be benefitted and some states of the
country can gain better outcomes through perfect strategic planning. Surely, it will incur healthy
competition among the Indian firms and cause economic development for the Australian
organizations as well.

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References List
Adekola, A., & Sergi, B. S. (2016). Global business management: A cross-cultural perspective.
Routledge.
Bringezu, S., & Bleischwitz, R. (2017). Sustainable resource management: global trends, visions
and policies. Routledge.
Bronnenmayer, M., Wirtz, B. W., & Göttel, V. (2016). Success factors of management
consulting. Review of Managerial Science, 10(1), 1-34.
Chi, J., & Cheng, S. K. (2016). Do exchange rate volatility and income affect Australia’s
maritime export flows to Asia?. Transport Policy, 47, 13-21.
Gitelman, L., & Kozhevnikov, M. (2017). Management consulting for technological
modernization and industry of the future. Economy of region, 1(1), 204-215.
Hubbard, G., Rice, J., & Galvin, P. (2014). Strategic management. Pearson Australia.
Hye, Q. M. A., & Lau, W. Y. (2015). Trade openness and economic growth: empirical evidence
from India. Journal of Business Economics and Management, 16(1), 188-205.
Lasserre, P. (2017). Global strategic management. Macmillan International Higher Education.
Lăzăroiu, G. (2015). The role of the management consultancy industry in the knowledge
economy. Psychosociological Issues in Human Resource Management, 3(2), 71-76.
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2017). Human resource
management: Gaining a competitive advantage. New York, NY: McGraw-Hill
Education.

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Poulfelt, F., Olson, T. H., Bhambri, A., & Greiner, L. (2017). The changing global consulting
industry. In Management Consulting Today and Tomorrow (pp. 5-36). Routledge.
Srinivasan, R. (2014). The management consulting industry: Growth of consulting services in
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