Development Trends of Management Consulting

In the modern reality, due to the development of business and the need for enhancing its efficiency, we see that the demand for consulting services is growing permanently. Most important is the management consulting, which has become a mainstream practice in such sectors of the national economy such as industry, transportation, building and construction, services and the state and the private agencies. Moreover, Management consulting is in fact an assistance to the managers for increasing the efficiency of the entity’s operations offered by the independent experts highly qualified in a particular sector of industry. Consulting services rendered through the specialized companies and agencies are a widespread practice throughout the world. In fact they have grown into an independent industry. One more trend pertaining to such industry is its ever growing scope that results in a growing demand and consequently, its further development. Such growing demand for the consulting services is explained by the fact that managements of companies try to master and promptly introduce new management practices, advanced ideas, new equipment and technologies with the aim to increase profits and ultimately make their companies more competitive in an ever growing market conditions. Key words: management consulting, advanced management practices, outsourcing, scope of services, keeping confidentiality.