History of management consulting [INFOGRAPHIC]

Hi everyone, we talk about management consulting but how did it start and get to where it is today? Below is a nice summary infographic, a picture is worth a thousand words, please share this with your friends!

History of Management Consulting [INFOGRAPHIC]

History of management consulting

1. The first strategy consulting firm was created in 1886 by Arthur D. Little
2. Harvard founded its Graduate School of Business Administration in 1908
3. Booz Allen Hamilton was founded 1914
4. McKinsey founded in Chicago in 1926, had, by 1936, expanded to more than 25 employee
5. In 1926, after twelve years in business, Edwin Booz employed only one other management engineer; by 1936, Booz -Allen & Hamilton had eleven consultants on staff
6. McKinsey’s General Survey became part of his consultants’ toolkit sometime in the early 1930
7. Between 1930 and 1940, the number of management consulting firms grew, on average, 15% a year from an estimated 100 firms in 1930 to 400 firms by 1940
8. In the 1960s, In the US, there were three major consulting firms: McKinsey, Booz Allen Hamilton and Cresap, McCormick & Paget
9. BCG was founded in 1962
10. BCG-matrix, Boston matrix, Boston Consulting Group analysis, portfolio diagram) is a chart that was created by Bruce D. Henderson for the Boston Consulting Group in 1970
11. Bain was founded in 1973 on a mission to redefine the management consulting industry to focus on delivering client results not just producing report
12. 7S model exposed in 1982 by two McKinsey consultants in their book In Search of Excellence