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Institute Of Management Consultancy
The Institute of Consulting (IC) is the professional body for consultants and business advisers in the United Kingdom. It replaced the former Institute of Business Consulting (IBC) in January 2011, which was itself formed as the merger of two predecessor bodies, the Institute of Management Consultants (IMC) and the Institute of Business Advisors (IBA). The Institute of Consulting is an organisation within the Chartered Management Institute (CMI). The IC offers several grades of membership, qualifications, training and awards as well as a range of tools and resource to support members. The institute also operates an accreditation process for its members. History During a conference held in Paris during the 1950s, the Big Four accounting firms, Big Four consultancy companies at that time agreed to form the Management Consultancies Association. This was developed further into a professional institute and the Institute of Management Consultants came into being in 1962. Having changed ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ...
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Chartered Management Institute
The Chartered Management Institute (CMI) is a professional institution for management based in the United Kingdom. It was founded as the British Institute of Management (BIM) in 1947 or 1948, merged with the Institution of Industrial Managers (IIM) in 1992 to form the Institute of Management (IM), and gained a royal charter, and its present name, in 2002. The major membership classes are: *''Member'' *''Fellow'' – for those with significant expertise, and *''Companion'' – the most senior grade. In addition to supporting its members, the organisation encourages management development, carries out research, produces a wide variety of publications on management interests, and publishes the official members' magazine, '' Professional Manager''. The institute also engages with government and other public bodies concerning policy on management and business related issues. ''Professional Manager'' magazine is circulated to over 80,000 members of the CMI. Chartered Manager (CMgr ...
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Big Four Accounting Firms
The Big Four are the four largest professional services networks in the world: Deloitte, Ernst & Young, EY, KPMG, and PwC. They are the four largest global accounting networks as measured by revenue. The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, particularly accounting, they are considered equally attractive networks to work in, because of the frequency with which these firms engage with Fortune 500, ''Fortune'' 500 companies. The Big Four all offer audit, assurance services, assurance, taxation, management consulting, Valuation (finance), valuation, market research, actuarial, corporate finance, and legal services to their clients. A significant majority of the audits of Public company, public companies, as w ...
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2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ...
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Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions”
United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009.
The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ...
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Certified Management Consultant
"Certified management consultant" (CMC) is an international professional certification established in 1967 for management consulting professionals, awarded by institutes in 50 countries (as of February 2014). The CMC enjoys global reciprocity; consultants certified in one country are recognized in most other countries. The standards for CMC in technical competencies and professional conduct were developed by international associations; in the US, such an organization is the Institute of Management Consultants USA, and internationally, The International Council of Management Consulting Institutes (ICMCI). Criteria for joining the CMC title Consultants awarded the CMC designation have demonstrated the following: *Minimum of a Bachelor's degree from a recognized university. *Master's degree in business administration or other master's degree in management or management consulting or pass qualifying exams in business related subjects. *Three or more (depending on country) years of e ...
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Outline Of Consulting
The following outline is provided as an overview of and topical guide to consulting: Consulting is the activity or business of giving expert assistance on a particular subject, notably to other professionals but also to the consumer market. The following outline provides a general overview of consulting. Overview * Coaching * Contingent work ** Freelancer ** Gig worker ** Temporary work * Division of labour * Employment agency * Focus group * Knowledge worker ** Knowledge as a service * Professional services network ** Professional corporation * Service provider ** Service-level agreement * White-collar worker ** White shoe firm Types * Biotechnology consulting * Economic consulting * Energy consulting * Engineering consulting * Environmental consulting * Faculty consulting * Franchise consulting * Human resource consulting * Information technology consulting ** Data as a service ** Data virtualization ** Information Technology Infrastructure Library * ...
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Business And Finance Professional Associations
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. A distinction is made in law and public offices between the term business and a company (such as a corporation or cooperative). Colloquially, the terms are used interchangeably. Corporations are distinct from sole proprietors and partnerships. Corporations are separate and unique legal entities from their shareholders; as such they provide limited liability for their owners and members. Corpo ...
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