Trajectory of consulting firms and the dynamics of the services: comparative perspectives between USA and China

Abstract

With the social division in the era of knowledge economy, consulting industry becomes more and more important. The rich experiences of development path of US consulting firms should be studied in detail in further researches. Although Chinese local consulting firms should insist in the comparative advantages in local milieu, international rules and regulations becomes even more radical in consulting, and the severe situation is, who will help the Chinese local enterprises go abroad? Are there any necessities for mutual learning and any ways for strategic alliances? The authors of the paper try to probe into the future co-existence of US and domestic consulting firms via perspectives between McKinsey & Co. and ZG Wang Strategic Consultancy in regional rail consulting programs of Yangtze River Delta and Pearl River Delta.