What is Management Consultancy?

"Management consultancy is the provision to management of objective advice and assistance relating to the strategy, structure, management and operations of an organisation in pursuit of its long-term purposes and objectives. Such assistance may include the identification of options with recommendations; the provision of an additional resource and/ or the implementation of solutions." (Source: Institute of Management Consultants, definition in self-regulation paper).

What is International Council of Management Consulting Institutes (ICMCI)?

International Council of Management Consulting Institutes (ICMCI) is the authoritative global organization for the development of world-class professional standards in management consulting. ICMCI is recognised as an NGO by the United Nations Economic & Social Council (ECOSOC) and awarded a Special Consultative Status.

The ICMCI acts through its member institutes, distributed around 44 countries.

Institute of Business Consultancy (IBC), UK

The IBC is the professional body for all consultants and business advisers, designed to raise standards of professional practice. It is formed by the merger of the Institute of Business Advisers (IBA) and the Institute of Management Consultancy (IMC).

The IBC is a founding member of the ICMCI. It is the only Professional Body for Management consultants in the UK. Therefore it sets, maintains and indeed raises the standards of both professionalism and competence for the profession, as well as it ensures that its members work to the Institute's professional code of conduct.

What is Premium Practice?
 

A PREMIER Practice is a management consultancy that is recognised by the Institute for the highest standards of professionalism and competence. It has a significant number of consultants who are members of IMC UK and an agreed proportion who have achieved the Certified Management Consultant award (CMC®). 

As per early 2007, there are 142 member firms recognised by the institute. However, only 21 firms out of them have received “Premier Practice” status.

What is Certified Management Consultant (CMC)?

When a member institute of the ICMCI awards a “Certified Management Consultant” (CMC) designation to a consultant, it means that the consultant has met world class standards of competence, ethics and independence, and is eligible for reciprocity between ICMCI member institutes.

The CMC is the only internationally recognised award for competence in the UK . It is in addition recognised in around 44 countries, which belong to the ICMCI.

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